Carbon Tetrachloride Market Size

Carbon Tetrachloride Market size was valued at USD 328.64 million in 2024 and is expected to reach USD 612.07 million by 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of carbon tetrachloride is assessed at USD 341.52 million. The demand for carbon tetrachloride in the cleaning industry to be used as a drying agent, reducing agent, spot removal agent, and so on is enormous. Several growth factors, e.g., increasing awareness of hygiene and cleanliness, strong demand for cleaning products, and rising revenue levels, have contributed to the growing prosperity of the cleaning sector. For instance, in the UK, the production of soap and detergent, cleaning and polishing perfumes, and toilet preparation increased by 1.2% in 2021 compared to 2020, as reported by the British Cleaning Council.

The main driver of carbon tetrachloride market growth is the growing uptake of eco-friendly refrigerants. In various cooling equipment and systems, refrigeration agents have been used for a long time. New eco-friendly refrigerants are being developed to combat the rising temperatures around the world. These eco-friendly refrigerants not only reduce the impact of climate change but also provide alternatives to current air conditioning technologies that have improved their characteristics and functioning.