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

Published on : Sep-2020 | List of Tables : 70 | List of Figures : 114 | No. of Pages : 170 | Report Code : FACT5102MR |

Global Perchloroethylene Market Analysis

The global perchloroethylene market is poised to embark on a positive growth trajectory over the forecast period (2020-2030). Growth is attributed to its increased demand in dry cleaning applications. Attributed to its efficient solvency, ease of recycling, and safe handling, perchloroethylene has emerged as an ideal solvent cleaning chemical for dry cleaning applications.

Virgin perchloroethylene offers high cleaning quality, and rapidly dissolves multiple stains and soiling from a range of fabrics, making it a great choice of dry cleaning chemical. Increasing consumer spending on dry cleaning & laundry services and busy lifestyles are projected to fuel the global dry cleaning & laundry services market at a CAGR 4% over the forecast period. This will lead to the expansion of the global perchloroethylene market size through 2030.

Perchloroethylene Market Application Insights

Efficacy to act as an intermediate, perchloroethylene has emerged as an ideal feedstock in fluorocarbon production. As an intermediate, perchloroethylene is widely used to produce refrigerants, refrigerant blends, and other fluorinated compounds. As a result, hydrofluorocarbon application has identified as the largest consumer of perchloroethylene, accounting for nearly three-fourth of global consumption in 2019.

Apart from hydrofluorocarbon, perchloroethylene is largely utilized as a solvent in dry cleaning, metal cleaning, and vapor degreasing applications. As perchloroethylene is more stable than any other chlorinated solvent, it has become the most used dry cleaning chemical.  Further, owing to its high boiling point, it is highly preferred for heavy-duty applications that require high temperature to remove contaminants.

Regional Outlook of Perchloroethylene Market

China is one of the leading refrigerant manufacturers, due to which, it has created significant demand for perchloroethylene during the historical period, accounting for nearly half of global demand. East Asia has driven consumption and holds a noteworthy perchloroethylene market share on the back of China, and the scenario is projected to continue during the forecast period too.

Growth is attributed to increasing demand for chlorinated solvents in the region, for applications such as hydrofluorocarbon refrigerant production, metal cleaning, and vapor degreasing applications. Due to lack of regularity policies in East Asia, demand for perchloroethylene is poised to expand at a CAGR of 3.6% during the forecast period. After China, the United States is the second-largest refrigerant manufacturer, accounting for over one-fourth of global production. The country generated huge demand for perchloroethylene in 2019. However, after identification of perchloroethylene’s hazardous effects on humans and the environment, its demand in the United States declined by 0.5% during the historical period.

perchloroethylene market market value share by region

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Perchloroethylene Market: Manufacturers

The global perchloroethylene market is highly consolidated in nature where the top players currently account for over half of the sales. Currently, Occidental Chemical, Olin Corporation, and Westlake Chemical Corporation are the key stakeholders in perchloroethylene market. Due to declined demand and increased legalizations, market players have remained conservative during the historical period.

In order to leverage huge demand from developing countries such as China and India, prominent players are offering application-specific products. For instance, Westlake Chemical Corporation offers azeotrope of perchloroethylene that assists vapor degreasers to function as a drying device for metal parts without degradation of the solvent. Similarly, Occidental Chemical Corporation offers technical grade that is used as a cleaner in applications such as fabric finishes, adhesives, paint removers, etc. Adopting this strategy, prominent companies are trying to create a monopoly in their targeted areas.

perchloroethylene market strategy benchmark by tier

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COVID-19 Impact on Perchloroethylene Market

The coronavirus outbreak has affected the whole world resulting in lockdowns, which has affected demand across the globe. The outbreak has forced countries to stop any kind of import export across borders. As per the World Bank, the global economy is poised to contract by 5% in 2020, leaving a permanent scar on the global economy. Analyzing the current scenario, the global economy may take years to recover from the current recession.

The economies of developed countries such as Germany, France, the United Kingdom, and the United States are poised to contract by 8 to 10% in 2020. These countries are the key consumers of perchloroethylene, and are poised to show a decline in growth till the midterm forecast. East Asia is the least affected region and the largest the consumer, a fact that will assist global market growth during the midterm forecast period.

The Analyst’s Viewpoint

“In the midst of the COVID-19 pandemic, the global perchloroethylene market is poised to suffer a likely loss of US$ 20 Mn by the end of 2020”.

Perchloroethylene Market: About the Report

Fact.MR published an exclusive forecast report on the perchloroethylene market for 2020 and 2030. The foremost objective of this report on the perchloroethylene market is to pitch spearhead insights on the market scenario, demand generators and technological advancements in the perchloroethylene market. Also, the study on the perchloroethylene market addresses key dynamics that are expected to diversify the sales and future prominence of the perchloroethylene market.                 

The report on the perchloroethylene market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the perchloroethylene market, elaborating on key segments.

The report also outlines visionary insights on the dynamics of the perchloroethylene market, including the drivers, restraints, opportunities, trends and pricing analysis, along with the key buying factors for perchloroethylene. Supply chain analysis and pricing analysis of the perchloroethylene market along with the difference between perchloroethylene used as per application has also been included in the report to help readers clearly understand the product framework map in the perchloroethylene market space.

Perchloroethylene Market - Scope of the Report

The perchloroethylene market study done by Fact.MR 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 perchloroethylene 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 perchloroethylene. The report primarily conveys a summary of the market, considering the present and upcoming global hydrofluorocarbon, dry cleaning, and metal cleaning chemical industry developments, to reveal striking sides relating to the adoption of perchloroethylene 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 perchloroethylene market enhances the reliability of this comprehensive research study.

Perchloroethylene Market: Report Summary

The study offers an inclusive analysis on diverse features, including demand, revenue generation, and sales by key players in the perchloroethylene 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.

Perchloroethylene Market: Segmentation

Fact.MR has segmented the perchloroethylene market on the basis of function, grade, application, and region.

Function

Grade

Application

Region

Intermediate

Fluorocarbon Grade

Hydrofluorocarbon

North America

Solvent

Degreasing & General Purpose

Dry Cleaning

Europe

Isomerization & Reforming 

Industrial Grade

Metal Cleaning & Degreasing

East Asia

Others

Others

Isomerization & Reforming 

South Asia & Oceania

 

 

Others

Rest of the World

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Perchloroethylene Market: Analysis on Market Size Evaluation

Existing predictions of the perchloroethylene 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 perchloroethylene is available in terms of value (US$ Mn) and in terms volume (Tons). A Y-o-Y growth contrast of prominent perchloroethylene market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on perchloroethylene types, where perchloroethylene witnesses steady demand.

Perchloroethylene Market: Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report of the perchloroethylene 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 perchloroethylene market during the forecast period.

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

Perchloroethylene Market: In-depth Analysis on Competitive Landscape

The report offers a competitive scenario of the perfchloroethylene 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 perchloroethylene have 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 portfolios, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players functioning in the perchloroethylene market. It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting the competition level in the perchloroethylene market. Prominent companies operating in the global perchloroethylene market include Occidental Chemical Corporation, Olin Corporation, Spolchemie, SRF Limited, and Westlake Chemical Corporation.

1. Global Perchloroethylene Market - Executive Summary

    1.1. Summary of key Findings

    1.2. Summary of Statistics

    1.3. Megatrends

    1.4. Opportunity Assessment 

2. Market Overview

    2.1. Market Introduction

    2.2. Market Definition 

    2.3. Market Taxonomy

3. Market Risks & Trends Assessment

    3.1. Impact of COVID-19 Crisis on Perchloroethylene production and Demand

    3.2. COVID-19 Impact Benchmark with Previous Crisis  

        3.2.1. Change in Perchloroethylene Demand and Consumption Growth

        3.2.2. Before and After COVID-19 Crisis (Projected)

        3.2.3. Before and After Sub-prime Crisis – 2008 (Actual)

        3.2.4. Change in Demand post Recovery Period (After Each Crisis)

    3.3. Impact on Market Value (US$ Mn)

        3.3.1. Likely Loss of Value in 2020

        3.3.2. Mid-term and Long Term Forecast

        3.3.3. Quarter by Quarter Dip and Recovery Assessment

4. Market Background

    4.1. Global Chemical Market Outlook

        4.1.1. By Region

        4.1.2. Top Countries

    4.2. Timelines of EPA Phase-outs

    4.3. Product Life Cycle Assessment : Perchloroethylene Market

    4.4. Perchloroethylene: Production & Consumption Analysis

    4.5. Perchloroethylene: Apparent Trade Analysis

    4.6. Deep Dive Analysis: Global Perchloroethylene Market : Metal Cleaning & Vapor Degreasing Application

    4.7. Global & North America Metal Cleaning Chemicals Market

    4.8. Value Chain Analysis

        4.8.1. Raw Material Suppliers

        4.8.2. Key Manufacturers

        4.8.3. Key Distributor/Retailers

5. Alternate Product Analysis

        5.1.1. By Key Companies 

        5.1.2. Comparison Analysis Across Alternatives

6. Market Dynamics

        6.1.1. Forecast Factors and Relevance of Impact 

        6.1.2. Prominent Market Challenges and Impact Analysis

        6.1.3. Growth Drivers and Impact Analysis

        6.1.4. Industry Trends and Impact Analysis

        6.1.5. Opportunities in the Market & Impact Analysis

7. Global Perchloroethylene Market Demand Analysis 2015-2019 and Forecast, 2020-2030

    7.1. Historical Market Volume (Tons) Analysis, 2015-2019

    7.2. Current and Future Market Volume (Tons) Projections, 2020-2030

    7.3. Y-o-Y Growth Trend Analysis

8. Global Perchloroethylene Market - Pricing Analysis

    8.1. Regional Pricing Analysis 

    8.2. Pricing Break-up

    8.3. Global Average Pricing Analysis Benchmark

9. Global Perchloroethylene Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

    9.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    9.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030

        9.2.1. Y-o-Y Growth Trend Analysis

        9.2.2. Absolute $ Opportunity Analysis

10. Global Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030, By Function 

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Function, 2015 - 2019

    10.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Function, 2020 - 2030

        10.3.1. Intermediate 

        10.3.2. Solvent 

        10.3.3. Isomerization & Reforming  

        10.3.4. Others

    10.4. Market Attractiveness Analysis By Function

11. Global Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030, By Grade 

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Grade, 2015 - 2019

    11.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Grade, 2020 - 2030

        11.3.1. Fluorocarbon Grade 

        11.3.2. Degreasing & General Purpose 

        11.3.3. Industrial Grade 

        11.3.4. Others

    11.4. Market Attractiveness Analysis By Grade

12. Global Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030, By Application

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Application, 2015 - 2019

    12.3. Current and Future Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Application, 2020 - 2030

        12.3.1. Hydrofluorocarbon 

        12.3.2. Dry Cleaning 

        12.3.3. Metal Cleaning & Degreasing 

        12.3.4. Isomerization & Reforming  

        12.3.5. Others

    12.4. Market Attractiveness Analysis By Application

13. Global Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2015 - 2019

    13.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast By Region, 2020 - 2030

        13.3.1. North America

        13.3.2. Europe

        13.3.3. East Asia

        13.3.4. South Asia & Oceania 

        13.3.5. Rest of the World 

    13.4. Market Attractiveness Analysis By Region

14. North America Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    14.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        14.4.1.  By Country

            14.4.1.1. U.S.

            14.4.1.2. Canada

        14.4.2. By Function 

        14.4.3. By Grade 

        14.4.4. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Function

        14.5.3. By Grade

        14.5.4. By Application

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. Europe Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    15.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        15.4.1.  By Country

            15.4.1.1. Germany 

            15.4.1.2.  France 

            15.4.1.3.  Italy 

            15.4.1.4.  Netherlands 

            15.4.1.5.  Spain 

            15.4.1.6.  UK 

            15.4.1.7.  Rest of EU

        15.4.2. By Function 

        15.4.3. By Grade

        15.4.4. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Function

        15.5.3. By Grade

        15.5.4. By Application

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. East Asia Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    16.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        16.4.1. By Country

            16.4.1.1. China 

            16.4.1.2.  Japan 

            16.4.1.3.  South Korea

        16.4.2. By Function

        16.4.3. By Grade

        16.4.4. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Country 

        16.5.2. By Function

        16.5.3. By Grade

        16.5.4. By Application

    16.6. Market Trends

    16.7. Key Market Participants - Intensity Mapping

    16.8. Drivers and Restraints - Impact Analysis

17. South Asia & Oceania Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    17.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        17.4.1. By Country

            17.4.1.1. India 

            17.4.1.2.  Malaysia 

            17.4.1.3.  Vietnam 

            17.4.1.4.  Rest of the World

        17.4.2. By Function

        17.4.3. By Grade

        17.4.4. By Application

    17.5. Market Attractiveness Analysis

        17.5.1. By Country 

        17.5.2. By Function

        17.5.3. By Grade

        17.5.4. By Application

    17.6. Market Trends

    17.7. Key Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. Rest of the World Perchloroethylene Market Analysis 2015-2019 and Forecast 2020-2030

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Taxonomy, 2015 - 2019

    18.4. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Taxonomy, 2020 - 2030

        18.4.1. By Function

        18.4.2. By Grade

        18.4.3. By Application

    18.5. Market Attractiveness Analysis

        18.5.1. By Function

        18.5.2. By Grade

        18.5.3. By Application

    18.6. Market Trends

    18.7. Key Market Participants - Intensity Mapping

    18.8. Drivers and Restraints - Impact Analysis

19. Perchloroethylene Market Analysis 2015-2019  and Forecast 2020-2030, Country Analysis

    19.1. US Perchloroethylene Market

        19.1.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.1.1.1. By Function

            19.1.1.2. By Grade

            19.1.1.3. By Application 

    19.2. Germany Perchloroethylene Market

        19.2.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.2.1.1. By Function

            19.2.1.2. By Grade

            19.2.1.3. By Application

    19.3. France Perchloroethylene Market

        19.3.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.3.1.1. By Function

            19.3.1.2. By Grade

            19.3.1.3. By Application

    19.4. Italy Perchloroethylene Market

        19.4.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.4.1.1. By Function

            19.4.1.2. By Grade

            19.4.1.3. By Application

    19.5. Netherlands Perchloroethylene Market

        19.5.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.5.1.1. By Function

            19.5.1.2. By Grade

            19.5.1.3. By Application

    19.6. UK Perchloroethylene Market

        19.6.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.6.1.1. By Function

            19.6.1.2. By Grade

            19.6.1.3. By Application

    19.7. China Perchloroethylene Market

        19.7.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.7.1.1. By Function

            19.7.1.2. By Grade

            19.7.1.3. By Application

    19.8. India Perchloroethylene Market

        19.8.1. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            19.8.1.1. By Function

            19.8.1.2. By Grade

            19.8.1.3. By Application

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies (Perchloroethylene)

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Market Presence Analysis

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Deep Dive 

        21.2.1. AGC Inc

            21.2.1.1. Product Portfolio

            21.2.1.2. Revenues by segments

            21.2.1.3. Sales Footprint

            21.2.1.4. Strategy Overview

            21.2.1.5. SWOT Analysis

        21.2.2. AGC Inc.

            21.2.2.1. Product Portfolio

            21.2.2.2. Revenues by segments

            21.2.2.3. Sales Footprint

            21.2.2.4. Strategy Overview

            21.2.2.5. SWOT Analysis

        21.2.3. Befar Group

            21.2.3.1. Product Portfolio

            21.2.3.2. Revenues by segments

            21.2.3.3. Sales Footprint

            21.2.3.4. Strategy Overview

            21.2.3.5. SWOT Analysis

        21.2.4. INOVYN ChlorVinyls Limited

            21.2.4.1. Product Portfolio

            21.2.4.2. Revenues by segments

            21.2.4.3. Sales Footprint

            21.2.4.4. Strategy Overview

            21.2.4.5. SWOT Analysis

        21.2.5. Kanto Denka Kogyo Co., Ltd.

            21.2.5.1. Product Portfolio

            21.2.5.2. Revenues by segments

            21.2.5.3. Sales Footprint

            21.2.5.4. Strategy Overview

            21.2.5.5. SWOT Analysis

        21.2.6. Occidental Chemical 

            21.2.6.1. Product Portfolio

            21.2.6.2. Revenues by segments

            21.2.6.3. Sales Footprint

            21.2.6.4. Strategy Overview

            21.2.6.5. SWOT Analysis

        21.2.7. Olin Corporation

            21.2.7.1. Product Portfolio

            21.2.7.2. Revenues by segments

            21.2.7.3. Sales Footprint

            21.2.7.4. Strategy Overview

            21.2.7.5. SWOT Analysis

        21.2.8. Spolchemie 

            21.2.8.1. Product Portfolio

            21.2.8.2. Revenues by segments

            21.2.8.3. Sales Footprint

            21.2.8.4. Strategy Overview

            21.2.8.5. SWOT Analysis

        21.2.9. SRF Limited

            21.2.9.1. Product Portfolio

            21.2.9.2. Revenues by segments

            21.2.9.3. Sales Footprint

            21.2.9.4. Strategy Overview

            21.2.9.5. SWOT Analysis

        21.2.10. Westlake Chemical Corporation 

            21.2.10.1. Product Portfolio

            21.2.10.2. Revenues by segments

            21.2.10.3. Sales Footprint

            21.2.10.4. Strategy Overview

            21.2.10.5. SWOT Analysis

22. Assumptions and Acronyms Used

23. Research Methodology

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