The global Trichloroethylene And Perchloroethylene Market reached a valuation of USD 2.06 Billion in 2022, and it is projected to attain a value of USD 3.14 Billion by 2032, with a steady revenue compound annual growth rate (CAGR) of 4.8% during the forecast period. One of the primary drivers behind this growth in market revenue is the increasing demand for these chemicals across various industries, including automotive, aerospace, electronics, and others. Trichloroethylene and perchloroethylene find extensive use as solvents and degreasers in the production and maintenance of metal parts and components. Furthermore, the anticipated surge in demand for trichloroethylene and perchloroethylene in the years to come is expected to be fueled by the expansion of the industrial sector, especially in emerging economies.
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Top Leading Players:
- The Dow Chemical Company
- Solvay SA
- AkzoNobel N.V.
- Eastman Chemical Company
- BASF SE
- PPG Industries, Inc.
- Nouryon
- Tokuyama Corporation
- Shin-Etsu Chemical Co., Ltd.
Some Key Highlights from the Report
The trichloroethylene segment is expected to account for a sizable share of market revenue. Trichloroethylene is a typical solvent for cleaning and dry-cleaning fabrics, as well as a degreaser for metal parts. It is a colorless, clear liquid. The use of trichloroethylene as a degreaser in the automotive sector is expected to drive market growth throughout the forecast period. Trichloroethylene is also used in the pharmaceutical industry as a solvent for chemical reactions as well as the extraction of vitamins and medicines. Growing pharmaceutical product demand is expected to increase trichloroethylene demand, resulting in increased income.
Metal degreasing is expected to be the market's largest application category in 2021, accounting for a sizable share of total revenue. The metal degreasing market is developing due to increased demand in the metalworking sector for trichloroethylene and perchloroethylene. Because they are used as solvents to remove oil and grease from metal surfaces, these chemicals are an important part of metal cleaning and surface preparation procedures. The expansion of the automotive and aerospace sectors is expected to enhance demand for trichloroethylene and perchloroethylene in the metal degreasing application category.
Key questions covered in the global Trichloroethylene and Perchloroethylene Market report:
- What is the expected market size of the global Trichloroethylene and Perchloroethylene Market during the forecast period?
- What factors are expected to hamper global Trichloroethylene and Perchloroethylene Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
By Type Outlook:
- Trichloroethylene
- Perchloroethylene
By Application Outlook:
- Metal Degreasing
- Dry Cleaning
- Chemical Manufacturing
- Others
By End-Use Industry Outlook:
- Manufacturing
- Healthcare
- Automotive
- Aerospace
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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