Why Are Automobile Manufacturers Using Methylene Chloride In Abundance?

Methylene chloride, an organic compound, is a volatile liquid with a moderately sweet aroma. The chemical formula of the organic compound is CH2Cl2. The compound is also known as dichloromethane (DCM) and is widely used as a solvent in paint removers. Additionally, DCM is also used in aerosol formulations, which are required in the production of pharmaceuticals, as an ethane foam blowing agent, and as a degreasing agent in the manufacturing of electronics. Furthermore, methylene chloride is also used as a fast-drying solvent cement for polycarbonate.

Moreover, the organic compound also serves as a key solvent in paint and adhesive formulations, due to its low flammability, excellent dissolving strength, and quick-drying properties. As the construction industry is one of the major end-users of paints and adhesives, large-scale development of infrastructure units such as buildings, bridges, and manufacturing units across the world, will fuel the methylene chloride market at a CAGR of 5.4% during forecast period. The market was valued at $1,818.3 million in 2017 and it is expected to reach $2,485.5 million revenue by 2023.

Additionally, the increasing consumption of paints and adhesives in the automobile industry, owing to the burgeoning automobile sales, will also fuel the need for methylene chloride in the coming years. For instance, the International Organization of Motor Vehicle Manufacturers (OICA) states that in 2020, 77,971,234 vehicles were sold across the world. OICA further mentions that 53,598,846 passenger cars and 24,372,388 commercial vehicles were sold in 2020. Moreover, the surging production of automobiles in developing countries such as India and China, due to the presence of a large manufacturing base, will also amplify the usage of DCM in the foreseeable future.

According to P&S Intelligence, APAC dominated the methylene chloride market in the recent past, due to the booming population and flourishing infrastructure sector in the region. Moreover, the emergence of new application areas of DCM, rapid penetration of manufacturing units in developing countries, and easy availability of raw material will also boost the production and adoption of the organic compound in the region. Additionally, the booming pharmaceutical sector in APAC will also fuel the consumption of methylene chloride in the forthcoming years.

Thus, the rising construction activities and booming automotive industry will augment the usage of methylene chloride in the foreseeable future.

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Methylene Chloride Market: Opportunities, Value Chain Analysis & Impact Analysis Of Restraints On Market Forecast

Across the globe, in 2017, the Asia-Pacific (APAC) region held the dominating revenue share of more than 70.0% in the methylene chloride market. This was due to the growing production of chemicals, surging population, and expanding infrastructure domain here. Apart from being the largest consumer, APAC is also the largest producer of methylene chloride. Governments of various countries, particularly Europe, have formulated strict environment regulations prohibiting the use of the compound in paint stripper application, due to which many producers have shifted their base to APAC. 

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China and India are two of the largest users of methylene chloride. Owing to the small-scale national production, India mostly imports such materials to cater to its consumer need. China, on the other hand, does not import the material in huge quantities as it has sufficient local supply to meet the internal demand. China, Japan, and Taiwan are the major methylene chloride suppliers to Southeast Asia. Due to its great solvent performance, it is widely used in cleaning applications, such as for metal cleaning, paint removal, and degreasing. 

The manufacturing of automobiles and machinery needs perfect cleaning of metals before they are adopted for serving the purpose. In addition, the products manufactured from these metals, including machine and automobile components, necessitate periodic degreasing for smooth operation. Thus, the growing production of metals to strengthen other products’ development activities would likely increase the demand for CH2Cl2, thereby resulting in the methylene chloride market growth. Furthermore, this compound is used as a prime solvent in adhesives and paints due to its strong dissolving strength, and quick drying and low flammability properties. 

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The automotive and construction domains are the prominent end users of paints and adhesives. Owing to the large-scale construction projects, such as buildings, bridges, and industrial facilities, going on around the globe, the consumption of paints and adhesives is significantly surging. In addition, the growing sales of automobiles in developing economies have escalate the demand for these materials. The growth in the production of paints and adhesives is, in turn, anticipated to the boost the methylene chloride market growth. 

Hence, the increasing demand for the compound for cleaning applications in various end-use industries is predicted to accelerate the growth of the market during the forecast period.

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