Market Overview:
The global perchloroethylene market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for perchloroethylene in various applications such as degreasers, dry cleaning agent, spot removal solvent, and others. Additionally, the growing demand for perchloroethylene from emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing perchloroethylene may restrain the growth of this market during the forecast period.
Product Definition:
Perchloroethylene is an organic compound with the formula Cl2C=CH2. It is a colorless liquid that is widely used as a solvent.
Reagent Grade:
Reagent grade perchloroethylene is a colorless, flammable liquid. It has an odor similar to gasoline. Reagent grade perchloroethylene is used in the production of polyvinyl chloride resins and for laboratory experiments involving perchloroethylene as a solvent.
Industrial Grade:
Industrial grade is a type of perchloroethylene that has passed through several quality control tests and is suitable for use in the production of vinyl chloride, which is further used to manufacture polyvinyl chloride. Industrial grade perchloroethylene has a purity level greater than 99%.
The global perchloroethylene market size was valued at USD 1.91 billion in 2016.
Application Insights:
Degreasers were the major application segment and accounted for over 60% of global perchloroethylene market in 2017. The product is widely used as a degreaser in industrial applications including automotive, food processing, metal working and chemical industries. It is also used as an agent for cleaning greasy stains from clothes which are known to be caused by oil & grease. The rising demand for degreasers due to their ability to clean even heavily soiled clothing will drive the product demand in this segment over the forecast period.
The dry cleaning agent segment was valued over USD 200 million in 2017 on account of high usage rates across all industry sectors globally coupled with increasing awareness regarding superior quality Dry Cleaning Agents (CCA). Perchloroethylene acts as a solvent that enables better performance of drycleaning solvents such as perchlorethylene and tetrachloroethane which are key ingredients required for effective drycleaning processes worldwide.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region owing to the presence of emerging economies such as China, India, and Japan. The increasing industrial output in these countries coupled with growing demand for PECE products is expected to drive regional market growth over the forecast period.
The Asia Pacific was followed by Europe which accounted for a revenue share of 22.2% in 2017 on account of stringent regulations regarding VOC emissions from solvent manufacturing companies that have compelled manufacturers across Europe to find alternatives for Perchloroethylene (PCE). In addition, rising environmental concerns are likely to play a key role in restraining market growth over the next eight years.
North America emerged as one of the largest consumers due to high demand from end-use industries such as automotive and electronics cleaning along with other applications including floor care & maintenance products and medical devices cleaning solutions among others.
Growth Factors:
- Increasing demand from the automotive and aerospace industries as a result of the growing popularity of fuel-efficient and lightweight vehicles.
- Rising demand for perchloroethylene in the textile industry due to its ability to remove dirt, oil, and other stains from fabrics.
- Growing use of perchloroethylene in metalworking operations as a degreasing agent and cleaner.
- Increasing demand for perchloroethylene in water treatment applications due to its ability to remove pollutants from wastewater streams.
Scope Of The Report
Report Attributes
Report Details
Report Title
Perchloroethylene Market Research Report
By Type
Reagent Grade, Industrial Grade
By Application
Degreasers, Dry Cleaning Agent, Spot Removal Solvent, Other
By Companies
BASF, AkzoNobel N.V (The Netherlands), Solvay S. A. (Belgium), Tokuyama Corporation (Japan), Occidental Chemical Corporation (U.S.), Gujarat Alkalies & Chemicals Ltd. (India), Kem One (France), Shin-Etsu (Japan), Ineos (Switzerland), BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Perchloroethylene Market Report Segments:
The global Perchloroethylene market is segmented on the basis of:
Types
Reagent Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Degreasers, Dry Cleaning Agent, Spot Removal Solvent, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- AkzoNobel N.V (The Netherlands)
- Solvay S. A. (Belgium)
- Tokuyama Corporation (Japan)
- Occidental Chemical Corporation (U.S.)
- Gujarat Alkalies & Chemicals Ltd. (India)
- Kem One (France)
- Shin-Etsu (Japan)
- Ineos (Switzerland)
- BASF
Highlights of The Perchloroethylene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reagent Grade
- Industrial Grade
- By Application:
- Degreasers
- Dry Cleaning Agent
- Spot Removal Solvent
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Perchloroethylene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Perchloroethylene is a chemical compound with the formula C2H5Cl. It is a colorless, flammable liquid that has been used in industrial and domestic applications for more than 50 years. Perchloroethylene can be harmful if inhaled or ingested, and it can cause cancer in humans.
Some of the key players operating in the perchloroethylene market are BASF, AkzoNobel N.V (The Netherlands), Solvay S. A. (Belgium), Tokuyama Corporation (Japan), Occidental Chemical Corporation (U.S.), Gujarat Alkalies & Chemicals Ltd. (India), Kem One (France), Shin-Etsu (Japan), Ineos (Switzerland), BASF.
The perchloroethylene market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Perchloroethylene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Perchloroethylene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Perchloroethylene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Perchloroethylene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Perchloroethylene Market Size & Forecast, 2020-2028
4.5.1 Perchloroethylene Market Size and Y-o-Y Growth
4.5.2 Perchloroethylene Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Reagent Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Degreasers
6.2.2 Dry Cleaning Agent
6.2.3 Spot Removal Solvent
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Perchloroethylene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Perchloroethylene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Reagent Grade
9.6.2 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Degreasers
9.10.2 Dry Cleaning Agent
9.10.3 Spot Removal Solvent
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Reagent Grade
10.6.2 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Degreasers
10.10.2 Dry Cleaning Agent
10.10.3 Spot Removal Solvent
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Reagent Grade
11.6.2 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Degreasers
11.10.2 Dry Cleaning Agent
11.10.3 Spot Removal Solvent
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Reagent Grade
12.6.2 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Degreasers
12.10.2 Dry Cleaning Agent
12.10.3 Spot Removal Solvent
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Reagent Grade
13.6.2 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Degreasers
13.10.2 Dry Cleaning Agent
13.10.3 Spot Removal Solvent
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Perchloroethylene Market: Competitive Dashboard
14.2 Global Perchloroethylene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 AkzoNobel N.V (The Netherlands)
14.3.3 Solvay S. A. (Belgium)
14.3.4 Tokuyama Corporation (Japan)
14.3.5 Occidental Chemical Corporation (U.S.)
14.3.6 Gujarat Alkalies & Chemicals Ltd. (India)
14.3.7 Kem One (France)
14.3.8 Shin-Etsu (Japan)
14.3.9 Ineos (Switzerland)
14.3.10 BASF
