Trichloroethylene Market

Trichloroethylene Market

Trichloroethylene Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

  • XPLREP5791

  • September, 2020

  • 170 Pages

  • Chemicals

Trichloroethylene Market to stay Concentrated in North America and East Asia

As per a report available on XploreMR, the global trichloroethylene market is expected to go greater guns in select economies between 2020 and 2030.

The global trichloroethylene market is driven by rising demand for trichloroethylene with regards to vapour degreasing and metal cleaning. High stability and solvency have actually rendered trichloroethylene an ideal choice herein. The other advantages include non-flammability. At the same time, the usage is restricted to certain extent as it is found to be carcinogenic.

How to get benefited on higher fronts from trichloroethylene market?

The current trend is that of replacing the systems with hydrochlorofluorocarbon-based refrigerants. This scenario is expected to continue going forward as well, thereby driving the trichloroethylene market in the forecast period. The niche applications are inclusive of coatings, chemical processing, and adhesives.

Humans could get exposed to trichloroethylene (TCE) through contaminated drinking water. As its specific gravity is greater than “1”, it could be found in the form of a DNAPL (dense non-aqueous phase liquid) if spilled in sufficient quantity in environment. It also needs to be noted that TCE does volatilize from hot water into air. Hot, long showers could volatilize more quantity of TCE into air. For instance – in home that are closed tightly for curbing on costs of cooling and heating, the vapors could re-circulate then. So, one needs to be utterly careful while handling TCE.

Region-wise Analysis

The global trichloroethylene market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).

The Asia-Pacific (East Asia, in particular), does hold more than 50% of the market share. It is expected to continue with its winning streak owing to China, which comes across as the biggest producer of hydrofluorocarbon refrigerant. However, it needs to be noted that Europe will show no signs of growth herein as it has been recognized as “category 2 carcinogen”, and banned in the year 2016. North America is more into consumption of trichloroethylene (and hardly into production).

Competitive Analysis

The key players in the trichloroethylene market include Befar Group, Westlake Chemical Corporation, Olin Corporation, and AGC Inc. As legalizations are turning out to be sterner than before, the key participants have preferred staying reserved. Though countries like China, India, and the US do prefer trichloroethylene due to low cost and good solvency, the overall market scope isn’t that expansive. As of now, Westlake Chemical Corporation and Olin Corporation are offering trichloroethylene to these economies at large. 

Trichloroethylene Market - Scope of the Report

The trichloroethylene market study done by XploreMR gives exclusive information about how the market will grow during the forecast period of 2020–2030. The study identifies crucial trends that are determining the growth of the trichloroethylene market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of trichloroethylene.

The report primarily conveys a summary of the market, considering the present and upcoming hydrofluorocarbon and metal cleaning chemical industry developments to reveal striking sides relating to the adoption of trichloroethylene across prominent regional markets.

A detailed assessment of market supply chain analysis, business execution, and value chain analysis across regional markets has been provided in the report. A list of prominent companies operating in the trichloroethylene market enhances the reliability of this comprehensive research study.

Trichloroethylene Market: Report Summary

The study offers an inclusive analysis on diverse features, including demand, revenue generation, and sales by key players in the trichloroethylene market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.

Trichloroethylene Market: Segmentation

XploreMR has segmented the trichloroethylene market on the basis of function, grade, application, and region.

Function

Grade

Application

Region

Intermediate

Fluorocarbon Grade

 Hydrofluorocarbon

North America

Solvent

Degreasing & General Purpose

Metal Cleaning &  Degreasing

Europe

Others

Industrial Grade

Chemical Processing

East Asia

 

Others

Coatings and Adhesives

South Asia & Oceania

 

 

Others

Rest of the World

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Trichloroethylene Market: Analysis on Market Size Evaluation

Existing predictions of the trichloroethylene market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.

Market estimation at regional and global scales of trichloroethylene is available in terms of value (US$ Mn) and in terms volume (Tons). A Y-o-Y growth contrast of prominent trichloroethylene market segments, along with market attractiveness valuation, has been incorporated in the report. Metrics mentioned above are also based on trichloroethylene types, where trichloroethylene witnesses steady demand.

Trichloroethylene Market: Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report on the trichloroethylene market, which deliver projections on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the trichloroethylene market during the forecast period.

Country-specific valuation on the demand for trichloroethylene has been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Trichloroethylene Market: In-depth Analysis on Competitive Landscape

The report offers a competitive scenario of the trichloroethylene market, along with the profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers who are principally engaged in the production and supply of trichloroethylene has been presented with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. Company presence has been mapped and presented through a matrix for all prominent players functioning in the trichloroethylene market. It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting the competition levels in the trichloroethylene market. Prominent companies operating in the global trichloroethylene market include AGC Inc., Befar Group, Olin Corporation, and Westlake Chemical Corporation.

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Trichloroethylene Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
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