The global demand for Perchloroethylene Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Perchloroethylene is also known as PERC. It is a non-flammable, colourless liquid solvent with a sweet, ether-like odour. They are commonly used as solvents for removing grease from metal parts and as carriers for silicones, fabrics, rubbers, and adhesives. It is also an important ingredient in paint removers, adhesives, stain removers, and typewriter repair fluids. PERC is also used as a solvent for various chemicals found in hydrofluorocarbon, like dry cleaning, metal cleaning & degreasing, isomerization & reforming, and others.
Market Dynamics
The growing demand for PERC from the refrigerant and solvent markets are two major factors that may contribute to the growth of this market. Further, due to its high boiling point, it is highly preferred for heavy-duty applications requiring high temperatures to remove contaminants. Besides, surging consumer expenditure on dry cleaning, laundry services, and busier lifestyles prompts perchloroethylene market growth. Moreover, the large-scale application of these chemicals in various end-user industries such as automotive, textiles, oil and gas, paints and coatings may contribute to the growth of this market. Likewise, factors such as the growing market for the metal manufacturing industry, economic growth rate and increasing industrialization are expected to drive the market's growth. However, stringent government rules and regulations and rising concerns regarding the PERC's harmful effects on human health may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of perchloroethylene. The growth and trends of perchloroethylene industry provide a holistic approach to this study.
Market Segmentation
This section of the perchloroethylene market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Ethylene Oxychlorination
- Acetylene Method
- Ethylene Direct Chlorination
By End-Use
- Dry Cleaning Agent
- Solvent
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Perchloroethylene market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Perchloroethylene Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the perchloroethylene market include Occidental Chemical, Olin Corporation, Westlake Chemical Corporation, The DOW Chemical Company, Banner Chemicals Group, ACE Geosynthetics Enterprise Co Ltd, Aicello Chemical Co Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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