
Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Asia
The Asian market for Carbon Tetrachloride displayed mixed price dynamics throughout the year, influenced by feedstock chloromethane availability and downstream demand patterns. The opening period witnessed fluctuating conditions as upstream operations maintained high utilization rates, ensuring consistent raw material supply. However, soft demand from key consuming sectors, particularly polyvinyl chloride production and industrial applications, weighed on market sentiment. Limited industrial recovery kept consumption subdued, while buyers adopted need-based purchasing strategies. Mid-year brought slight improvement as temporary supply constraints emerged from planned maintenance activities, coinciding with modest increases in downstream applications including disinfection and chemical synthesis. The latter portion introduced renewed weakness as supply-demand imbalances intensified. Brief supply tightness from equipment-related disruptions provided temporary support, though this reversed as facilities resumed operations and inventory levels accumulated. Demand from refrigerants, coatings, and adhesives remained soft due to seasonal factors and environmental compliance measures, with continued price pressure persisting through year-end.
Europe
European Carbon Tetrachloride markets witnessed limited volatility during the initial months, maintaining relative stability despite underlying challenges. Consistent production levels and steady input costs supported regular supply, though demand from construction and chemical synthesis remained underwhelming. Weak macroeconomic conditions, particularly across major economies, constrained industrial output and kept consumption moderate. The latter portion of the year brought renewed downward pressure as demand from chemical processing and refrigeration applications weakened further amid sluggish industrial activity. High energy costs undermined producer competitiveness against imports, with production curtailments emerging as margins deteriorated under declining consumption and elevated operating expenses.
North America
North American markets trended downward during the first half as high Gulf Coast utilization ensured steady supply, though downstream demand from water treatment, pulp and paper, and construction applications remained suppressed. Minimal export activity and rising inventories prompted conservative pricing strategies. The latter months witnessed initial stability before softening as demand from construction, pharmaceuticals, and refrigeration sectors decelerated. Adequate supply met with limited buying interest, while producers maintained moderate operating rates for inventory management amid weak export volumes and muted domestic consumption.
Analyst Insight
According to Procurement Resource, Carbon Tetrachloride prices are expected to remain under pressure in the near term as oversupply conditions persist and downstream demand faces headwinds from weak industrial activity.
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Asia
During the first half of 2024, the price trend of carbon tetrachloride in Asia largely mirrored the fluctuations in feedstock prices. The stable pricing of major feedstock components, despite lower production rates and demand from downstream producers, played a key role in keeping carbon tetrachloride prices steady.
Supply chain disruptions, particularly from shipping issues and unplanned maintenance events in Saudi Arabia, also had an indirect impact on the market, but the return to normal production stabilized the demand and pricing dynamics. Therefore, as raw material prices experienced a moderate rise due to upstream adjustments, this, in turn, contributed to a slight upward trend for carbon tetrachloride, particularly in regions like China where downstream demand from the chemical and manufacturing industries improved gradually.
Europe
In Europe, the price of carbon tetrachloride followed the relatively stable trend observed in major raw material segments throughout the first half of 2024. The limited demand for feedstock commodities from construction sectors, particularly in Germany, reflected a stagnant market environment. Geopolitical tensions and a slowdown in residential and manufacturing activities further dampened demand for derivatives, including carbon tetrachloride. Although feedstock prices in the latter half remained steady, production cutbacks and reduced imports kept the carbon tetrachloride market balanced, maintaining price stability despite external pressures such as inflation and high-interest rates.
North America
In North America, the price trend of carbon tetrachloride was influenced by the steady growth in demand from downstream industries like automotive during the first half of 2024. While production rates remained stable, logistical challenges such as shipping disruptions and port closures, including Baltimore, affected the availability of raw materials, which, in turn, led to fluctuations in carbon tetrachloride prices.
The supply chain uncertainties and shifts in global trade patterns also contributed to variations in price momentum. However, despite these disruptions, the gradual recovery in manufacturing activities and expansions in polymer capacities helped to maintain support for carbon tetrachloride prices throughout the first half of the year.
Carbon tetrachloride is a nonflammable liquid with a sweet odor and high versatility. It is used in the production of a number of chemicals and pharmaceuticals. It also possesses high heat absorption ability, which is used extensively as a refrigerant and fire extinguisher fluid. In recent years, its usability has been diminished due to its potential carcinogenic abilities and environmental and health concerns.
CCl4
Solvent, Refrigerant, Fire Extinguisher Fluid, Dry Cleaning Fluid, Foam Rubber, Extinguishing Electrical Fires
AkzoNobel N.V., Ineos, Solvay S.A., Shin-Etsu, Gujarat Alkalies & Chemicals Ltd, Tokuyama Corporation, DowDu Pont, The Dow Chemical Company, Gujarat Alkalies and Chemicals
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the thermal chlorination process, methyl chloride is subjected to extremely high temperatures, which results in the production of chloride radicals that, in turn, produce carbon tetrachloride.

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