Trichloroethylene and Perchloroethylene Market is a colorless, nonflammable liquid with a slightly sweet burning taste and a sweet odor. Perchloroethylene is also nonflammable, colorless liquid solvent with a sweet, ether-like odor. They are widely used as a solvent to remove grease from metal parts, but it is also an ingredient in paint removers, adhesives, spot removers, and typewriter correction fluids.
Market Dynamic - Trichloroethylene and Perchloroethylene Market
The global trichloroethylene and perchloroethylene market has been seeing ample growth from the past few decades. The growth of the market is primarily attributed to the large scale adoption of these chemicals in various industrial applications such as in automotive, textile, oil and gas, paint and coating and many others. Likewise, factors such as growing market for metal manufacturing industry across the globe, rapid economic growth of the developing countries, and increasing industrialization are expected to improve market growth.
Nevertheless, stringent government rules and regulations, rising concerns regarding harmful effects of the trichloroethylene and perchloroethylene on human health and development of other alternatives are some of the major restraining factors that could hamper the market growth.
Trichloroethylene and Perchloroethylene Market Segmental Overview
The study analyses global trichloroethylene and perchloroethylene market based on grade, application and geography.
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Trichloroethylene and Perchloroethylene Market by Grade
Based on grade, the market is segmented into two major segments trichloroethylene (TCE) and perchloroethylene (PCE). The trichloroethylene (TCE) segment is further bifurcated into degreasing general purpose grade, fluorocarbon grade, high-purity grade and others. And perchloroethylene (PCE) is sub-segmented into degreasing general purpose grade, dry cleaning grade, fluorocarbon grade and others. Trichloroethylene (TCE) segment dominated the market in 2020 and is projected to maintain its dominance during the forecast period. In which, degreasing general purpose grade segment likely to dominate the market. An increasing use of trichloroethylene (TCE) as a degreasing agent in various industries as it is highly effective agent is accredited to the segment growth.
Trichloroethylene and Perchloroethylene Market by Application
Based on application, degreasers segment is expected to witness high growth during the forecast period. A degreaser is a cleaning agent which is widely used to dissolve oil and grease from hard surfaces. Many degreasers comprise solvents or chemicals. Likewise, it can be used to remove finger prints, corrosion inhibitors, cutting fluids, handling soils, and other contamination common in refineries, metal fabrication, motor repair, and many other applications.
Trichloroethylene and Perchloroethylene Market Key Players
The major key players of market includes Westlake Chemical Corporation, The Olin Corporation, Dow (SAFECHEM Europe GmbH), AGC Chemicals, Occidental Petroleum Corporation, Toagosei Co., Ltd, Spolchemie, Acuro Organics Limited, Befar Group Co., Ltd, Shandong Xinlong Group and Kanto Denka Kogyo Co among others.
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