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Halogenated Solvent Cleaners Market Status Report 2018 to 2027

09-26-2018 12:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

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Halogenated Solvent Cleaners Market Status Report 2018 to 2027

Stringent Regulations and New Alternatives Continue to Influence Global Halogenated Solvent Cleaners Market

Amidst stringent regulatory network, the global market for halogenated solvent cleaners is estimated to grow persistently owing to their irreplaceability in industry, affordability, and development of safer halogenated solvents. With the steady growth of electronics, chemicals, textile, and automotive industries, demand for cost-effective and efficient solvent cleaners is set to rise in parallel. However, development of alternative solvent cleaners that are non-halogenated and environmentally safer and increasing adoption of greener and sustainable solutions will significantly influence production as well as adoption of halogenated solvent cleaners during the forecast period of 2018 – 2027.

Halogenated solvent cleaners are a group of versatile chemicals that includes chlorinated, fluorinated, brominated and iodinated solvents. Halogenated solvents are extensively used in dry cleaning, metal cleaning, paint removal, automotive aerosols, degreasing, printing, paper and textile industries, furniture industry and in thermoplastic production.

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Stringent Regulatory Frameworks and Market Outlook

The halogenated solvent industry alliance, Inc. (HSAI) is the regulatory body involved in assessing the potential health and environment effects of halogenated solvents, especially chlorinated solvents such as methylene chloride, tetrachloroethylene, and trichloroethylene, by promoting R&D activities and participating in risk assessment activities.

HSAI in collaboration with the National Cleaners Association in the New York State has adopted a new dry cleaning rule that approves tetrachloroethylene as an approved solvent in mixed use commercial and standalone buildings.

Consumer Product Safety Commission (CPSC) has enacted a policy that strictly restricts the use of methylene chloride as paint stripper in the bathtub refinishing. Further, owing to untoward incidences of methylene chloride usage, several NGOs in the United States have asked leading US manufacturers and retailers to stop selling existing paint stripper containing methylene chloride.

The Environment Protection Agency (EPA) has recently delivered a memo that reverses the older ‘Once In, Always In’ policy regarding hazardous air pollutants. The purport of the memo accommodates the maximum achievable control technology (MACT) standards for major sources of hazardous air pollutants which includes halogenated solvents among other chemicals.

The growth of the global halogenated solvent cleaners market will remain under the influence of such dynamic and stringent regulatory frameworks.

Will New Alternatives Outnumber Halogenated Solvent Cleaners?

Despite the availability of alternatives in the market, their lower cleaning efficiency as compared to existing halogenated cleaners have retained the popularity of these cleaners globally.

Industrial Alternatives
The Significant New Alternative Policy (SNAP) Program, an initiative by EPA has introduced a list of non-aerosol solvents for metal, electronics and precision cleaning. However, new alternatives suggested by SNAP leave behind dry cleaning and other manual cleaning application. Similarly, the alternative solvents introduced by chemical manufacturers are industry specific and like halogenated solvents are regulated under stringent regulations from various federal organizations such as NESHAP, OSHA, EPA, and other nation-specific frameworks.

Bio-Based and Greener Alternatives
Increased emphasis on green chemical manufacturing that delivers plant based products and exempt toxic effects on human health as well as environment integrity is drawing traction of multiple end user industries. Another important influencer of the market is growing adoption of “no solvent” approach that substitutes all solvents with water.

Increased importance of sustainable production methods, as well as rising awareness of occupational and environment hazard prevention are estimated to prominently influence the growth of global halogenated solvent cleaners market.

Key Companies in the Global Halogenated Solvent Cleaners Market

The chemical industry is driven by accelerated globalization, digitization and IoT integration. To win over competitive landscape, global manufacturers in the halogenated solvent cleaners market are adopting new ways such as production of less toxic, non-chlorinated, or greener solvents to maintain global position.

Key manufacturers in the global halogenated solvent cleaners market include Royal Dutch Shell Plc, Ashland Inc., BASF SE, Celanese Corporation, Huntsman, LyondellBasell Industries Holdings B.V., ExxonMobil Corporation, Honeywell International Inc., Eastman Chemical Co., and INEOS AG.

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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

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, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Report Analysis at https://www.factmr.com/report/724/halogenated-solvent-cleaners-market

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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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