Chlorinated Solvents Market

Global Chlorinated Solvents Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Chlorinated Solvents Market grew at a CAGR of 4.4% between 2017-2021 and is estimated to be US$ 874.0 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.1% and is expected to reach a valuation of US$ 1,437.3 Mn by 2032 end.

Chlorine-containing substances like perchloroethylene (PCE), trichloroethylene (TCE), etc., are known as chlorinated solvents. Fluorinated hydrocarbons and fluorinated polymers are created using these chlorinated solvents. Perchloroethylene (PCE), a chlorinated solvent, is utilized in applications like dry cleaning of textiles, cleaning the surface of metals, and as a reactant for catalyst regeneration.

Other uses for chlorinated solvents include degreasers, paint thinners, insecticides, and chemical manufacturing intermediates. Chlorinated solvent exposure can have negative consequences on a person’s health.

Market Dynamic

EXPANDING INTEREST IN NUMEROUS APPLICATIONS DRIVES MARKET GROWTH

The major factor driving the global Chlorinated Solvents market is the rapidly increasing demand for 1,1,1-trichloroethane for use in metal degreasing and vinylidene chloride manufacturing across the globe. In addition, the need for perchloroethylene is also growing due to its non-flammability and low toxicity nature. It is preferably used in dry cleaning for commercial and industrial purposes, influencing the market growth.

In addition, rapidly increasing demand for perchloroethylene as a solvent for rubbers, greases, waxes, gums ancylostoma, trematodes, and nematodes anthelminthic against necator and veterinary drugs will stimulate the global Chlorinated Solvents market growth during the forecast period.

STRICT GOVERNMENT GUIDELINES HAMPER THE MARKET GROWTH

Due to legislation and compliance with the Kyoto Protocol on climate change, global warming, and Montreal Protocol on ozone-depleting chemicals, the use of chlorinated solvents has been negatively impacted. Due to its potential to deplete the ozone layer, the use of methyl chloroform has gradually been phased out in some nations.

Workers in small commercial businesses that use TCE as a degreaser, people working in dry cleaners that use TCE to remove stains, and customers using spray-on degreasers and protective coating sprays for arts and crafts are particularly in danger.

Market Segments Covered in Report

By Type:

• Perchloroethylene (PCE)
• Trichloroethylene (TCE)
• 1,1,1-Trichloroethane (TCA)

By Application:

• Refrigeration & Air Conditioning
• Dry Cleaning
• Metal Degreasing
• Textile Treatment
• Automotive Aerosols
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which type segment holds the largest share in the Global Chlorinated Solvents Market?

Due to its low toxicity and non-flammability, perchloroethylene held the highest share in the  Chlorinated Solvents Market. It serves as a chemical building block in synthesizing several fluorinated chemicals. Its vapors can gather in low-lying or poorly ventilated spaces because they are heavier than air.

Perchloroethylene is used in various processes, including dry cleaning and textile processing, industrial catalyst regeneration, metal and stone polishing, coatings, degreasers, solvent cleaners, carpet and spot cleaners, sealants and adhesives, paints, inks, and ink removal products. Additionally, perchloroethylene is employed as a thinning agent to facilitate the simple application and quick drying of adhesives.

Why is it expected that refrigerant and air conditioning applications will dominate the market?

Due to the widespread use of fluorocarbons in air conditioning applications, the refrigerant and air conditioning sector held the greatest share of the chlorinated solvents market and is expanding at a CAGR of 3.9%. Increased installation of HVAC systems in autos and the growing importance of clean air systems in the manufacturing sector are projected to boost industry growth.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• North America owned up to 6.0% of the chlorinated solvents market in 2021 because of the region’s expanding automotive industry.
• The US industry is one of the world’s major exporters of textile-related items. Trichloroethylene has been utilized in the textile industry as a dyeing and finishing solvent and a carrier solvent for spotting fluids. Thus, over the projection period, the increase in the automotive sector and the trends above in the textile industry are driving the market for chlorinated solvents in the area.

Competition Analysis

Many businesses emphasize organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions, partnerships & collaborations were examples of inorganic growth tactics observed in the market.

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for chlorinated solvents in the worldwide industry, market players in the chlorinated solvents market can anticipate attractive growth prospects in the future.

A list of some of the key suppliers present in the market are:

• Acuro Organics Limited
• Banner Chemicals Limited (2M Group)
• Befar Group CO., LTD.
• Dongying City Longxing Chemical Co., Ltd.
• Hwatsi Chemical Private Limited
• Innova Corporate
• Merck KGaA
• Richard Geiss GmbH
• Solvents
• SPEX CertiPrep

Global Chlorinated Solvents Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies