Trichloroethylene Market size was valued at US$ 452.01 Mn in 2023 and the total revenue is expected to grow at CAGR 3.2% through 2024 to 2030, reaching nearly US$ 563.52 Mn.Trichloroethylene Market Overview:
The Trichloroethylene is a colourless, 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.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
Trichloroethylene has higher boiling point enables to condense maximum amount of vapour on metal body which remove soil, oil, lubricants and metal chips in automotive industry. Increase in the production and demand for spot-removal solvents is expected to be the primary driver of the global trichloroethylene market. It is also used in household products such as cleaning wipes, aerosol cleaning products, tool cleaners, paint removers, spray adhesives, carpet cleaners and spot removers. Trichloroethylene has been used for removing residual water in the production of 100% ethanol. It is use for automatic movie film cleaning machines, and for manual cleaning with lint-free wipes. It is also used in extraction processes, such as removal of caffeine from coffee or of fats and waxes from cotton and wool. Large number of its application fuels the growth of Trichloroethylene market. Furthermore trichloroethylene market is showing a northward direction growth thanks to the vast investment in the automotive industry, increased product sales, rising positive demand have a significant impact on the Trichloroethylene Market. Trichloroethylene industries discharge and wastages are one of major concern due to it has wide adverse effects on the environment as well as on the human being such as carcinogenic hazards, respiratory tract diseases. Thus federal agencies and organizations started restricting the use of such solvent The global trichloroethylene competition is highly fragmented, and leading companies have employed a variety of strategies to expand their footprints in this market, including expansions, agreements, joint ventures, partnerships, acquisitions, and others. According to the World Health Organization (WHO), a global public health emergency was declared in January 2020 owing to the spread of the coronavirus. The strict government’s regulations imposed by the many developed & developing economies has made supply chain disruptions. Nonetheless, technological developments, government funding for R&D and untapped potential in emerging countries all present promising future growth.Trichloroethylene Market Segment Analysis:
Based on the Grade Type the market is segmented into Flurocarbon, Degreasing and General Purpose and Industrial. Trichloroethylene is used in the manufacture of a range of fluorocarbon refrigerants, such as 1,1,1,2-tetrafluoroethane known as HFC 134a.The properties like high heat transfer capabilities and low temperature specification leads to Fluorocarbon segment dominate the market by more than 54% market share in terms of revenue. This grade is used as the raw material for the manufacture of mobile refrigerant, medicinal inhalants, foam blowing agents, and other fluorinated chemical compounds. Degreasing and General Purpose grade is stabilized for general, heavy-duty vapour degreasing and cold cleaning applications. Industrial grade is applied as a spot-removal solvent in the commercial & industrial dry cleaning industry. The product is extremely effective in removing fat, oil, and grease. Based on Application, the market is segmented into Hydro fluorocarbon, Metal Cleaning and Degreasing, Chemical Processing and Coating and Adhesive. The Hydro fluorocarbon refrigerant segment is expected to expand considerably during the forecast period due to its widespread usage in cooling systems, like refrigerators and freezers and automotive industry. As growing demand for Trichloroethylene, manufacturers are focusing on the introduction of the advanced technology for the product which fuel high growth rate for this segment.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 2024 to 2030 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 2023 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 objective of the report is to present a comprehensive analysis of the Trichloroethylene Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Trichloroethylene Market dynamic, structure by analyzing the market segments and project the Trichloroethylene Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Trichloroethylene Market make the report investor’s guide.Trichloroethylene Market Scope: Inquire before buying
Trichloroethylene Market Base Year 2023 Forecast Period 2024-2030 Historical Data CAGR Market Size in 2023 Market Size in 2030 2018 to 2023 3.2% US$ 452.01 Mn US$ 563.52 Mn Segments Covered by Grade Type Fluorocarbon Degreasing and General Purpose Industrial. by Application Hydroflorocarbon Metal Cleaning and Degreasing Chemical Processing Coating and Adhesive Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Trichloroethylene Market Key Players
1. Westlake Chemical Corporation 2. Acuro Organics Limited 3. Agc inc. 4. Banner Chemicals Limited 5. Befar Group Co.,Ltd 6. Kanto Denka Kogyo Co., Ltd. 7. Merck KGaA 8. Olin Corporation 9. Solventis 10. Srf Ltd 11. Khimprom 12. Asahi Trichlor 13. Lords Chloro Alkali Limited. 14. ChemiRu 15. Sinopec 16. Ecolink Frequently Asked Questions: 1. Which region has the largest share in Global Trichloroethylene Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Trichloroethylene Market? Ans: The Global Trichloroethylene Market is growing at a CAGR of 3.2% during forecasting period 2024-2030 3. What is scope of the Global Trichloroethylene Market report? Ans: Global Trichloroethylene Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Trichloroethylene Market? Ans: The important key players in the Global Trichloroethylene Market are – Westlake Chemical Corporation, Acuro Organics Limited, Agc inc., Banner Chemicals Limited, Befar Group Co.,Ltd, Kanto Denka Kogyo Co., Ltd., Merck KGaA, Olin Corporation, Solventis, Srf Ltd, Khimprom, Asahi Trichlor, Lords Chloro Alkali Limited., ChemiRu, Sinopec, and Ecolink 5. What is the study period of this Market? Ans: The Global Trichloroethylene Market is studied from 2023 to 2030
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Trichloroethylene Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Trichloroethylene Market 3.4. Geographical Snapshot of the Trichloroethylene Market, By Manufacturer share 4. Trichloroethylene Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Trichloroethylene Market 5. Supply Side and Demand Side Indicators 6. Trichloroethylene Market Analysis and Forecast, 2023-2030 6.1. Trichloroethylene Market Size & Y-o-Y Growth Analysis. 7. Trichloroethylene Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 7.1.1. Fluorocarbon 7.1.2. Degreasing and General Purpose 7.1.3. Industrial. 7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.2.1. Hydroflorocarbon 7.2.2. Metal Cleaning and Degreasing 7.2.3. Chemical Processing 7.2.4. Coating and Adhesive 7.3. Market Size (Value) Estimates & Forecast By Region, 2023-2030 7.3.1. North America 7.3.2. Europe 7.3.3. Asia-Pacific 7.3.4. Middle East & Africa 7.3.5. South America 8. Trichloroethylene Market analysis and Forecasts, by Region 8.1. Market Size (Value) Estimates & Forecast by Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia Pacific 8.1.4. Middle East and Africa 8.1.5. South America 9. North America Trichloroethylene Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Grade, 2023-2030 9.1.1. Fluorocarbon 9.1.2. Degreasing and General Purpose 9.1.3. Industrial 9.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.2.1. Hydroflorocarbon 9.2.2. Metal Cleaning and Degreasing 9.2.3. Chemical Processing 9.2.4. Coating and Adhesive 10. North America Trichloroethylene Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Trichloroethylene Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Trichloroethylene Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Trichloroethylene Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Trichloroethylene Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Trichloroethylene Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Trichloroethylene Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Trichloroethylene Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Trichloroethylene Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Trichloroethylene Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Trichloroethylene Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Trichloroethylene Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Trichloroethylene Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Trichloroethylene Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Trichloroethylene Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Trichloroethylene Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Trichloroethylene Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Trichloroethylene Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Trichloroethylene Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Trichloroethylene Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Trichloroethylene Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Trichloroethylene Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Trichloroethylene Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Trichloroethylene Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Trichloroethylene Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Trichloroethylene Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Trichloroethylene Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Trichloroethylene Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Trichloroethylene Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Trichloroethylene Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Trichloroethylene Market Analysis and Forecast, by country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Trichloroethylene Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Trichloroethylene Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Trichloroethylene Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Grade type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Trichloroethylene Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Westlake Chemical Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Procter & Gamble Company 45.3.3. Johnson & Johnson Services, Inc. Acuro Organics Limited 45.3.4. Agc inc. 45.3.5. Banner Chemicals Limited 45.3.6. Befar Group Co.,Ltd 45.3.7. Kanto Denka Kogyo Co., Ltd. 45.3.8. Merck KGaA 45.3.9. Olin Corporation 45.3.10. Solventis 45.3.11. Srf Ltd 45.3.12. Khimprom 45.3.13. Asahi Trichlor 45.3.14. Lords Chloro Alkali Limited. 45.3.15. ChemiRu 45.3.16. SinopecEcolink 46. Primary Key Insights