Trichloroethylene Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Status : Ongoing | Report Code : FACT3701MR

Trichloroethylene Market: Introduction

The chemical compound trichloroethylene is a colorless clear inflammable liquid chemical with sweet odor and sweet burning taste. It is a type of halocarbon, which is widely used as industrial solvent. Trichloroethylene evaporates easily, and it can be miscible with many non-polar organic solvents. Trichloroethylene is denser than water, and it is slightly soluble in water. Trichloroethylene is commonly used as solvent for cleaning and degreasing of metal parts. Metal degreasing operation using trichloroethylene are categorized in following two categories such as cold degreasing and vapor degreasing. In cold degreasing trichloroethylene is applied on the metal parts at room temperature, while in vapor degreasing solvent vapor condensed on the metal parts to be cleaned. Trichloroethylene is also used as refrigerant and dry cleaning fluid. Moreover, it has numerous other uses such as, an intermediate in the production of chlorofluorocarbons and other chemicals as molecular weight control agent, an extraction agent for oils and fats, an anaesthetic for dental and surgical procedures and in veterinary medicine, and as a heat transfer medium. Furthermore, some of the consumer products that have contained trichloroethylene are cleaners and polishes, wood finishes, automotive products, typewriter correction fluids including for leather and fabric treatment, electronic equipment, paint-related products, adhesives, and lubricants.

Trichloroethylene is also called ethylene trichloride, and trichloroethene. Some of the Industrial abbreviations names includes are TCE, trichlor, Trike, Tricky and tri. In the global market trichloroethylene has been sold through various trade names. Under the trade names Trilene, and Trimar trichloroethylene was used as inhaled obstetrical analgesic and as a volatile anesthetic.

Trichloroethylene Market: Dynamics

Globally, the chemical compound trichloroethylene is primarily driven by the growing demand for across various end-use industry such as automotive, textile, paints and coating industry across the globe. Trichloroethylene is widely used as solvent for degreasing or grease removal from the metal parts in industrial machinery and automotive parts. Moreover, due to numerous application of the trichloroethylene in various end-use industries are also expected to driving the market during the forecast period. Additionally, the significant use of trichloroethylene as a feedstock in the production of hydro-fluorocarbon (HFC) which is used as refrigerant application are also projected to drive the market growth in the upcoming years.

However, stringent state and local government regulation to manufacturing trichloroethylene including emissions of chlorinated solvents, and environmental related regulations. And, need of government approved license for trichloroethylene production are anticipated to act as a restraint for the growth of the market during the forecast period

Trichloroethylene Market: Segmentation

The global Trichloroethylene market can be segmented on the basis of Application, End-Use, and region.

On the basis of Application, the Trichloroethylene market has been segmented as:

  • Industrial Degreaser
  • Anaesthetic
  • Extraction Agent
  • Heat Transfer Medium
  • Chemical Intermediate
  • Additive

On the basis of End-Use Industry, the Trichloroethylene market has been segmented as:

  • Healthcare Industry
  • Paints and Coating industry
  • General Industry
  • Food industry
  • Automotive Industry
  • Textile Industry
  • Dry-Cleaning Industry

Trichloroethylene Market: Regional Outlook

Globally, Asia Pacific is estimated to account for dominant market share in the global trichloroethylene market owing to growing demand of industrial solvent across various application. In China and India, the automotive industry, textile industry, among all other industry are grow significantly and that fueled the demand of trichloroethylene market during the forecast period. In emerging countries, the demand of degreasing application of trichloroethylene for metalworking and maintenance operations to remove greases, oils, waxes, tars and moisture before final surface treatments are also projected to drive the market throughout the forecast period. Europe and North America is projected to witness of the substantial growth of the trichloroethylene market over the forecast period owing to rising demand of paints and coatings to provide better solution for corrosion control. Additionally, the demand of trichloroethylene as an extraction agent in the food and beverages industry are also expected to propel the market growth during the forecast period. Middle East & Africa and Latin America region are expected to witness of considerable growth of trichloroethylene market during the forecast period.

Trichloroethylene Market: Market participants

Some of the market participants identified across the value chain of the Trichloroethylene market are:

  • The Dow Chemical Company
  • PPG Industries Inc.
  • Imperial Chemical Industries
  • Arkema Inc.
  • EniChem
  • Sierra Chemical Company
  • Fine Chem
  • AGC Chemicals
  • Fluorochem Ltd.
  • Kanto Denka Kogyo Co., Ltd.
  • Solvay S.A.
  • Toagosei Co., Ltd.
  • Wuhu Ronghui Chemical Co., Ltd.
  • Tanyuan Group
  • Haike group

The research report presents a comprehensive assessment of the Trichloroethylene market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Trichloroethylene market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Trichloroethylene market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Market Supply/Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Trichloroethylene market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected Trichloroethylene market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Trichloroethylene market performance
  • Must-have information for Trichloroethylene market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Company

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Trichloroethylene Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029