Chloroform Market to Soar in the Near Future Owing to Growing Consumer Adoption

Chloroform is a solvent that is widely used for organic molecules and is also known as trichloromethane. The material is colourless, volatile, and has a strong, pleasant odour; it is also insoluble in water. It is utilised as a solvent and reagent in laboratory applications such as dissolving non-nucleic acid biomolecules in DNA and RNA extractions, and it is also widely employed in other end user sectors such as chemical and paper.

The utilization of chloroform in numerous industries and the growth in pharmaceutical sector increases the demand for the products which acts as the major factors driving the chloroform market. The increase in demand of chloroform from biotechnology sector as reagent for DNA and RNA research activities and the use of the product for the long preservation of organic tissues in bio-labs as it prevents from decaying process accelerate the chloroform market growth. The high demand in paper and construction sectors, utilization as a solvent for floor polishes, fat, oil, rubber among others also influence the chloroform market. Additionally, its use as a heat transfer medium in fire extinguishers and utilization in manufacturing of fluorocarbon-22 (F22) positively affect the chloroform market. Furthermore, the growth in agrochemical sector generating high demand for chloroform for the production of pesticide and insecticides extend profitable opportunities to the chloroform market players in the forecast period of 2018 to 2026.

On the other hand, the introduction of rigorous government regulatory norms connected with the substance's environmental consequences, such as ozone depletion, is likely to stymie the chloroform market's expansion. Concerns about acute chloroform toxicity, which can include cardiac arrhythmia, central neurologic dysfunction, and decreased liver function, are expected to pose a threat to the chloroform industry between 2018 and 2026.

This chloroform market report includes information on new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographical analysis.