Trichloroethylene Market 2023: Growth Expansion by Comprehensive Research Report Analysis till 2029
The Trichloroethylene Market Report provides a comprehensive analysis of the industry by evaluating the key market segments and identifying the volume, trends, growth, opportunities, value, market share, competitiveness, and recent developments. This report analyzes the market landscape and its evolution, providing a thorough understanding of the factors driving the growth of the Trichloroethylene market. This report understanding into the industry and its economic potential. With this report, the client will have a thorough understanding of the market, both from a historical and a future-oriented perspective.
Trichloroethylene Market Overview:
Trichloroethylene is a colorless, and non-flammable liquid at room temperature with chloroform like sweet odor. The IUPAC name of Trichloroethylene is Trichloroethene and its chemical formula is CICH=CCI2. It is commonly used as an extraction solvent and is worthwhile for variety of organic metals to remove grease from metal objects. Several industries such as aerospace, automotive, household, construction and Chemical industries use trichloroethylene vapour degreasing to remove soil and metal chips in fabrication process. It is also used in textile industry to scour cotton, wool and other fabrics. Rise in global demand for fluorocarbon, standard degreasers and general solvent has led to significant growth in the usage of trichloroethylene.
The Trichloroethylene Market is projected to succeed at a CAGR of 3.2% during 2022 – 2028.
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Key Players:
Solvchem, Westlake Chemical, 2M Holdings, Olin, Befar Group, Dongxing, Dakang, Shinlon, Solvay, AGC
Trichloroethylene Market Segmentation by Type:
General Solvent Grade
Dual Purpose Grade
High-Purity Grade
Trichloroethylene Market Segmentation by Application:
Degreasing of Metal Parts and Electronic Parts
Extraction Solvent
Chemical Raw Materials
Fabric Dry Cleaning
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Trichloroethylene Market Regional Insights:
Asia Pacific region is the largest trichloroethylene consumer in the world, and has accounted more than half of the global consumption and trichloroethylene market share, which is around 151 kilo tons. China is largest producer of hydro fluorocarbon refrigerant and automotive producer, which make dominant player in Asia Pacific region. This market region expected to grow a CAGR of XX% from 2020 to 2027 owing to increase in demand for trichloroethylene in various applications such as hydro fluorocarbon refrigerant, degreaser, and spot-removal solvent is driving the trichloroethylene market in Asia Pacific.
North America and Europe has reduced the consumption of trichloroethylene, owing to regulations passed by the European Union and EPA. The U.S. led the trichloroethylene market in North America in 2020 by producing Trichloroethylene about 130 000 metric tons per year. About 80% of the trichloroethylene produced in the USA was used in metal cleaning and the remaining 20% was equally divided between exports and other applications.
For instance, in Europe, trichloroethylene is classified as a category 2 carcinogen and has been banned in 2016, due to which, the European market will experience a declining growth rate. The Middle East and African market is expected to be driven by Gulf countries such as Saudi Arabia and the United Arab Emirates. Due to poor economic and political situation, African area is predicted to grow at a slow pace.
The research objectives of this report are as follows:
- To analyze the global Trichloroethylene market based on forecast, current conditions, key markets, expandability and key players.
- To show the growth of Trichloroethylene in key markets such as Europe, US and China.
- Tactically profile key players and analyze development strategies.
- Define, describe and forecast key geographies, product categories and markets. The study also discusses future factors likely to impact the market.
Why should you buy this report
- Trichloroethylene forecast between 2023 and 2029 in terms of market value and annual growth rates are presented in the report.
- Strategies combined by companies to address the crisis and seek new opportunities in the context of COVID-19 are presented here.
- Strategies for players to prepare for the new normal are outlined in the report
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Some Point of Table of Content:
Chapter 1: Report Overview
Chapter 2: Global Market Growth Trends
Chapter 3: Value Chain of Trichloroethylene Market
Chapter 4: Players Profiles
Chapter 5: Global Market Analysis by Regions
Chapter 6: North America Market Analysis by Countries
Chapter 7: Europe Market Analysis by Countries
Chapter 8: Asia-Pacific Market Analysis by Countries
Chapter 9: Middle East and Africa Market Analysis by Countries
Chapter 10: South America Market Analysis by Countries
Chapter 11: Global Market Segment by Types
Chapter 12: Global Market Segment by Applications
“Russia-Ukraine War Impact 2022: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the market
The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and Ros cosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the market during the war.”
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- Excel data pack included with all report purchases
- Robust and transparent research methodology
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