CHLOROFORM MARKET ANALYSIS

Chloroform MarketSize and Trends

Chloroform Market Outlook – Increasing Demand in Chemicals and allied Industries to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for chloroform manufacturers. According to IBEF, India was the seventh largest producer of chemicals in the world worldwide and third largest producer in Asia. The estimated size of the chemicals sector in India, accounts for around US$ 139 billion. During 2015-2016, around 23.9 million tons of major chemicals such as petrochemicals were produced.  The Indian chemicals industry has attracted various foreign investors such as Akzo Nobel, BASF, ADEKA, Mitsubishi Chemicals Corporation, Syngenta, DuPont, Henkel, Croda, Wacker Metroark, DyStar, and Rhodla. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India, with the purpose to promote and create international awareness of goods manufactured in India, in turn expecting to boost investments in the country, by major international players