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Chloroform prices lower in Mumbai market | |
In a significant development within the chemical industry, the domestic market has witnessed a shift in Chloroform pricing, The chemical, widely used in pharmaceuticals, refrigerant production, and as a solvent in chemical synthesis, has seen its price reduced to Rs. 18/kg, low by Re.1/kg from the previous rate of Rs.19/kg. In India, major producers such as Gujarat Alkalies and Chemicals Limited (GACL), SRF Limited, and TGV SRAAC Limited play a pivotal role in supplying Chloroform to domestic and international markets. Globally, major producers such as Occidental Chemical Corporation (OxyChem), Gujarat Alkalies and Chemicals Limited (GACL), and INEOS Group Holdings S.A., have been responding to evolving market demands, influenced by advancements in substitutes and regulatory changes limiting Chloroform's use in certain applications. The global Chloroform market is projected to grow at a compound annual growth rate (CAGR) of approximately 3.2% over the forecast period 2024–2030, driven by its continued application in emerging economies and advancements in manufacturing techniques. However, stringent environmental regulations and the adoption of alternative chemicals in developed regions are likely to moderate growth. This price reduction offers a competitive advantage for local industries reliant on Chloroform, including pharmaceuticals and agrochemicals, potentially reducing operational costs, Chloroform Prices in India, Indian Chloroform Prices, Indian Prices Chloroform, IndianPetrochem. | |
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| Target State: All States Target City : Delhi Last Update : Jul 14, 2025 12:11 PM Number of Views: 14 | Item Owner : Indianpetrochem Contact Email: Contact Phone: (None) |
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2025-07-14 (0.652 sec)