The global trichlorethylene market is expected to grow at a CAGR of about 2% over the next decade and will be worth US$293 million by the end of 2030.In order to phase out the consumption of CFCs (chlorofluorocarbons) and HCFCs (chlorofluorocarbons), HFC (chlorofluorocarbons) has established itself as the third-generation refrigerant. Trichlorethylene, a key ingredient in the manufacture of HFC refrigerants, will expand in line with the growth of the HFC market. Increasing consumption of trichlorethylene as an intermediate in the fluorocarbon refrigerant industry is expected to fuel the market growth over the forecast period. Additionally, due to trichlorethylene’s exceptional cleaning efficiency, trichlorethylene continues to be in demand for metal cleaning and vapor degreasing applications.
For more insight into the market, request a sample of this report – https://www.factmr.com/connectus/sample?flag=S&rep_id=3701
By grade, degreasing and general purpose grades accounted for over 15% of global consumption in 2019.
Production of fluorocarbon refrigerants remained the main use of trichlorethylene in 2019 and is expected to account for more than three quarters of global consumption by 2030.
East Asia, the largest producer of fluorocarbons, is the leader in trichlorethylene consumption and currently accounts for over half of global sales.
Strict European Union and EPA regulations to reduce trichlorethylene consumption will hamper the growth of the trichlorethylene market.
The COVID-19 outbreak has led to lockdowns and cross-border trade restrictions which have slowed down the growth rate of the global trichlorethylene market.
Share your requirements and get customized reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=3701
Trichlorethylene Market: Segmentation
Function
- Intermediate
- Solvent
- Others
Grade
- Fluorocarbon Grade
- Degreasing & General Purpose
- Industrial Grade
- Others
Application
- Hydrofluorocarbon
- Metal Cleaning & Degreasing
- Chemical Processing
- Coatings and Adhesives
- Others
Region
- North America
- Europe
- East Asia
- South Asia & Oceania
- Rest of the World
Get Full Access of This Premium Report :- https://www.factmr.com/checkout/3701
Key insights into the Trichlorethylene research:
• Underlying macro and microeconomic factors affecting Trichlorethylene growth Basic overview of the Trichlorethylene including market definition, classification and applications.
• Scrutiny of each Trichlorethylene player on the basis of mergers and acquisitions, R&D projects, and new product launches.
• Trichlorethylene acceptance trend in various industries.
• Major regions and countries offering lucrative opportunities to the Trichlorethylene players.
For more insights- https://www.prnewswire.com/news-releases/automotive-headliners-demand-in-premium-cars-set-to-rise-at-above-5-cagr-through-2031-factmrs- new-study-301211717.html
About us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1000 companies trust us with their most important decisions. While our experienced consultants use the latest technologies to uncover hard-to-find insights, we believe our USP is clients’ trust in our expertise. We cover a wide spectrum – from automotive & industry 4.0 to healthcare & retail. Our sales offices in the USA and Dublin, Ireland. Headquarters in Dubai, United Arab Emirates. Contact us with your goals and we are a competent research partner.
Contact:
US Sales Office:
11140 Rockville Hecht
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
