Global C2 Chlorinated Solvents Market 2018-2023 : Top Key Companies (BASF SE, AkzoNobel N.V, Solvay S.A., Shin-Etsu Chemical, and DowDuPont, among others)

Global C2 Chlorinated Solvents Market : Demand, Trend, Latest Innovations & Technology, Applications Analysis and 2018-2023 Global Industry Growth Forecast Research Report - Orbis Research.

The global C2 Chlorinated Solvents market is expected to register a slow CAGR during the forecast period. These solvents are used in metal cleaning, dry cleaning, degreasing, printing, automotive aerosols, paper, textile, and furniture industries, as well as paint removal applications and in the production of thermoplastics.

Increasing Demand of TCE for Degreasing Applications

Trichloroethylene (TCE) is a type of C2 chlorinated solvent, which has been traditionally used for degreasing in a wide range of applications because of its characteristic to quickly dissolve organic soils, such as grease, oil, buffing compounds and tars from metal, plastic and glass surfaces. The residual solvents of TCE evaporates rapidly from the components, leaving them clean, dry and ready to be finished.

TCE has been particularly favored in hot vapor degreasing applications because of its non-flammability, strong solvent action, high vapor density (4.5 relative to air) and medium boiling point of 87°C. These properties make it ideal for vapor degreasing. They are used in applications where an assured level of degreasing is required, namely in the aerospace, medical, electronics, and automotive sectors.

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Usage of Perchloroethylene (PCE) is expected to Increase

PCE is a colorless, clear and dense liquid with a distinctive, somewhat ether-like odor. PCE does not occur naturally and is manufactured chemically by oxy-hydro-chlorination, and de-hydro-chlorination of hydrocarbons or chlorinated hydrocarbons. Owing to its low toxicity and non-flammability, it is majorly used as a solvent in dry cleaning in both industrial and commercial markets. It is also used as a solvent for fats, waxes, greases, rubbers, gums and caffeine from coffee. It is also used as an anthelminthic against necator, ancylostoma, trematodes and nematodes, and in veterinary medicines.

China to Dominate the Market

In 2017, China was the largest consumer of C2 chlorinated solvents, accounting for 58% of total world demand for TCE and 40% of total world demand for PCE. Chinese PCE consumption is projected to experience the highest average annual growth rate among major consumers, at about 3.4%, during 2017–2022.

In fact, other countries across the globe is expected to experience a decline in C2 chlorinated solvents production during the forecast period. This is because the implementation of Montreal Protocol and Kyoto Protocol are limiting the production of such compounds in Western countries.

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The major players include – BASF SE, AkzoNobel N.V, Solvay S.A., Shin-Etsu Chemical, and DowDuPont, among others.

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Table of Content

Introduction
1.1 Scope of the Report

1.2 Market Definition

1.3 Study Assumptions

1.4 Study Deliverables

1.5 Research Phases

Executive Summary
Market Insights
3.1 Industry Value-Chain Analysis

3.2 Industry Attractiveness – Porter’s Five Forces Analysis

3.2.1 Bargaining Power of Suppliers

3.2.2 Bargaining Power of Consumers

3.2.3 Threat of New Entrants

3.2.4 Threat of Substitute Products and Services

3.2.5 Intensity of Competitive Rivalry

Market Dynamics
4.1 Drivers

4.1.1 Increasing demand of Trichloroethylene (TCE) for degreasing applications

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Implementation of Montreal Protocol and Kyoto Protocol

4.2.2 Other Restraints

4.3 Opportunity

4.3.1 Industrial Growth In Middle East & Africa

4.3.2 Other Opportunities

Market Segmentation and Analysis (Market Size, Share and Forecast)
Regional Market Analysis (Market Size, Share and Forecast)
Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

7.2 Market Share Analysis**

7.3 Strategies Adopted by Leading Players

Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 BASF SE

8.2 AkzoNobel N.V

8.3 Solvay S.A.

8.4 Shin-Etsu Chemical

8.5 DowDuPont

8.6 Occidental Chemical Corporation

8.7 Kem One

*List not exhaustive

Disclaimer
**Subject to availability on public domain

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