Carbon Tetrachloride Market - Forecast(2021 - 2026)

 Carbon Tetrachloride Market growing at a CAGR of 4.9% during 2020-2025. With rise in consumption of cleaning fluid (in industry and dry-cleaning establishments as a degreasing agent, and in households as a spot remover for clothing, furniture, and carpeting). Growing public health hazards problems will further degrade the overall market demand for Carbon Tetrachloride during the forecast period. 

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Report Coverage

The report: “Carbon Tetrachloride Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Tetrachloride Market. 

By Application – Cleaning Fluid, Degreasing agent, Pharmaceuticals, Agrochemicals, Solvents, Blowing Agents, Spot Remover (in cloths, furniture, and carpeting), and Others.

By Geography – North America, South America, Europe, APAC, RoW. 

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Key Takeaways

• Asia-Pacific dominates the Carbon Tetrachloride market owing to increasing demand from applications for cleaning fluids. 
• Carbon tetrachloride was also used in fire extinguishers and as a fumigant to kill insects in grain, which is likely to aid in the market growth of Carbon Tetrachloride.
• Growing health hazards problems will decrease the market demand for Carbon Tetrachloride in the near future.
• COVID 19 pandemic will create hurdles for the Carbon Tetrachloride market. 
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Carbon Tetrachloride Market Segment Analysis - By Application

Agrochemicals sector has been the primary market for Carbon Tetrachloride for many years. Carbon tetrachloride (CTC) has been used widely as a grain fumigant in postharvest storage either alone or mixed with other fumigants which are generally more toxic to insects.  In mixtures, in addition to its moderately insecticidal properties, carbon tetrachloride in useful as an aid to distribution and fire suppressant for other fumigants. Compounds with which it has been used include 1,2-dichloroethane (EDC), 1,2-dibromoethane (EDB), trichloroethylene, acrylonitrile and carbon disulphide. The liquid fumigant in generally sprayed on to the surface of the grain and the vapor is distributed by gravity.  As well as its use in bulk grain fumigation in silo and floor storage, carbon tetrachloride has been used on a small scale in developing countries for disinfestation of single bags of grain by application of a small quantity, typically 20 ml, from a gelatin capsule.  There is also a continuing use in small-scale farm bin storage practice where the handling of more acutely toxic compounds is undesirable.

Carbon Tetrachloride Market Segment Analysis - Geography

APAC dominated the Carbon Tetrachloride market with a share of more than xx%, followed by North America and Europe. China and India are the major markets in this region owing to the larger area for agriculture. The trend of migration away from rural areas, particularly with respect to younger people, has led to a "greying" and in some cases feminization of the agricultural sectors. But due to the pandemic and lockdown situation all the migrants worker from rural areas have returned backed to their homelands and showing interest to work more towards agricultural sector. This will increase the demand for carbon tetrachloride in the agricultural sector and hence the carbon tetrachloride market will grow.

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