Global Carbon Tetrachloride Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Pharmaceutical Grade, Analytical Grade, and Industrial Grade.

By Application;

Solvents, Agrochemicals, Blowing Agents, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn111925874 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Carbon Tetrachloride Market (USD Million), 2021 - 2031

In the year 2024, the Global Carbon Tetrachloride Market was valued at USD 353.62 million. The size of this market is expected to increase to USD 498.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global carbon tetrachloride market plays a significant role in various industries due to its diverse range of applications. Carbon tetrachloride, a colorless liquid with a sweet odor, is primarily used as a solvent in the manufacturing of refrigerants, propellants, and cleaning agents. Its chemical properties also make it valuable in the production of chlorofluorocarbons (CFCs) and as a precursor in chemical synthesis.

Environmental regulations and the phase-out of ozone-depleting substances have significantly impacted the global carbon tetrachloride market. While its historical use was prevalent in industries like refrigeration and cleaning, stringent regulations under the Montreal Protocol and other environmental agreements have led to a decline in its production and consumption in recent years. The market dynamics now focus on the limited permissible applications where carbon tetrachloride is still considered essential, alongside efforts to find safer alternatives.

Geographically, North America and Europe have witnessed substantial reductions in carbon tetrachloride usage due to stringent environmental regulations and the adoption of greener technologies. Conversely, regions like Asia Pacific and Latin America still see some applications in niche industries, though these markets are also gradually shifting towards sustainable alternatives. As the global push towards environmental sustainability intensifies, the future of the carbon tetrachloride market hinges on innovation in alternative chemicals and continued regulatory compliance.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type

    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Carbon Tetrachloride Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Solvent Demand
        2. Industrial Applications
        3. Historical Usage
        4. Chemical Synthesis
      2. Restraints
        1. Environmental Regulations
        2. Ozone Depletion Concerns
        3. Health Risks
        4. Alternative Chemicals
      3. Opportunities
        1. Sustainable Alternatives
        2. Research & Development
        3. Emerging Markets
        4. Green Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Carbon Tetrachloride Market, By Type, 2021 - 2031 (USD Million)
      1. Pharmaceutical Grade
      2. Analytical Grade
      3. Industrial Grade
    2. Global Carbon Tetrachloride Market, By Application, 2021 - 2031 (USD Million)
      1. Solvents
      2. Agrochemicals
      3. Blowing Agents
      4. Others
    3. Global Carbon Tetrachloride Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AkzoNobel
      2. Gujarat Alkalies and Chemicals
      3. KEM ONE
      4. Occidental Petroleum
      5. Sigma-Aldrich
  7. Analyst Views
  8. Future Outlook of the Market