Press release
Trichloroethylene Market Likely to Experience a Tremendous Growth in Near Future
Transparency Market Research delivers key insights on the global trichloroethylene market. In terms of revenue, the global trichloroethylene market is estimated to expand at a CAGR of 0.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global trichloroethylene market.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/trichloroethylene-market.html
The global trichloroethylene market is broadly affected by several factors, including increase in usage of trichloroethylene in various applications such as hydrofluorocarbon refrigerants, degreasers, and spot-removal solvents. Rise in global demand for fluorocarbon, standard degreasers, and general solvents has led to significant growth in the usage of trichloroethylene. Increase in the production and demand for spot-removal solvents is expected to be the primary driver of the global trichloroethylene market. The rise in the demand for hydrofluorocarbon refrigerants and degreaser applications is propelling the trichloroethylene market.
๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Trichloroethylene is a volatile, colorless liquid organic chemical. It does not occur naturally and created by chemical synthesis. It is used primarily to make refrigerants and other hydrofluorocarbons, and as a degreasing solvent for metal equipment. It is also used in some household products such as cleaning wipes, aerosol cleaning products, tool cleaners, paint removers, spray adhesives, and carpet cleaners and spot removers. Commercial dry cleaners also use trichloroethylene as a spot remover. Trichloroethylene is used as chemical intermediate in the production of hydrofluorocarbons (e.g., HFC134a and HFC125), monochloroacetic acid, blowing agents, flame retardants, and some agricultural chemicals.
๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ | ๐๐๐ฏ๐ ๐ฎ๐ฉ ๐ญ๐จ ๐๐% ๐๐ฒ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ -https://www.transparencymarketresearch.com/checkout.php?rep_id=83201<ype=S
Several industries, including aerospace, automotive, and household appliance production, use trichloroethylene in vapor degreasing of metal parts to remove soil and metal chips during fabrication and prior to galvanization.
The global hydrofluorocarbon refrigerant sector is expected to expand considerably during the forecast period due to its widespread usage in cooling systems, ranging from refrigerators and freezers to automotive air conditioning units. Thus, rise in production of hydrofluorocarbon refrigerants, degreasers, and spot-removal solvents is projected to boost the demand for trichloroethylene during the forecast period.
Manufacturers are focusing on the hydrofluorocarbon refrigerant, as the share held by this segment in the trichloroethylene market is likely to increase during the forecast period.
๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Asia Pacific holds the major share of the global trichloroethylene market. The market in the region is anticipated to expand at a CAGR of more than 1.5% during the forecast period. Increase in demand for trichloroethylene in various applications such as hydrofluorocarbon refrigerant, degreaser, and spot-removal solvent is driving the trichloroethylene market in Asia Pacific. China is a key country of the trichloroethylene market in Asia Pacific. It held significant share of the trichloroethylene market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83201
North America is also a prominent region of the global trichloroethylene market. The U.S. led the trichloroethylene market in North America in 2020. Increase in demand for trichloroethylene in the hydrofluorocarbon refrigerant, degreaser, and spot-removal solvent applications is driving the market in the U.S.
๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The global trichloroethylene market is consolidated with the presence of key players. Prominent players operating in the global trichloroethylene market include Westlake Chemical Corporation, Olin Corporation, The Dow Chemical Company, AGC Chemicals, Toagosei Co. Ltd., DCW Ltd., Acuro Organics Limited, Befar Group Co. Ltd., Shandong Xinlong Group, Kanto Denka Kogyo Co. Ltd., Mitani Sangyo Co. Ltd., and Sankyo Chemical Co. Ltd.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Trichloroethylene Market, by Grade
Standard Degreasing and General Solvent
Dual-purpose
High Purity
Fluorocarbon
Others (including Reagents and Electronics)
Trichloroethylene Market, by Manufacturing Process
Oxychlorination
Chlorination
Trichloroethylene Market, by Application
Degreaser
Hydrofluorocarbon Refrigerant
Spot-removal Solvent
Adhesive
Paint Remover
Others (including Metal Cleaning and Polymers)
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=83201
Trichloroethylene Market, by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
๐๐๐ญ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
๐๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐๐๐ซ๐จ๐ฑ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2022/12/12/2571890/0/en/Hydrogen-Peroxide-Market-to-Reach-US-4-9-Bn-by-2031-TMR-Study.html
๐๐ข๐ญ๐ฎ๐ฆ๐๐ง ๐๐๐ซ๐ค๐๐ญ - https://www.accesswire.com/716840/Bitumen-Market-to-Reach-US-1453-Bn-by-2031-TMR-Study
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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Email: sales@transparencymarketresearch.com
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More Releases for Trichloroethylene
Trichloroethylene Market Poised for 3.2% CAGR Through 2030
๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐๐ฌ ๐๐ญ๐๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
The global trichloroethylene market, valued at USD 452.01 million in 2023, is projected to reach approximately USD 563.52 million by 2030, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecast period.
๐๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/121693/
๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's burgeoning industrial sector, particularly in manufacturing and textiles, is fostering increased demandโฆ
Understanding Trichloroethylene Prices: A Comparative Analysis of Recent Trends
๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ ๐ง๐ฟ๐ถ๐ฐ๐ต๐น๐ผ๐ฟ๐ผ๐ฒ๐๐ต๐๐น๐ฒ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฎ๐๐ ๐ค๐๐ฎ๐ฟ๐๐ฒ๐ฟ:
๐ง๐ฟ๐ถ๐ฐ๐ต๐น๐ผ๐ฟ๐ผ๐ฒ๐๐ต๐๐น๐ฒ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ถ๐ป ๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐:
In the United States, the price of trichloroethylene experienced a notable increase in last quarter, reaching 1950 USD/MT by December. This rise was primarily driven by a combination of strong demand in industries such as automotive, electronics, and chemicals, which utilize trichloroethylene for cleaning and degreasing purposes. Additionally, supply constraints due to logistical issues and higher production costs contributed toโฆ
Trichloroethylene Market: Fueling Industrial Efficiency and Environmental Challe โฆ
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The "global ๐๐ซ๐ข๐๐ก๐ฅ๐จ๐ซ๐จ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ is poised for steady growth, with its size valued at USD 452.01 million in 2023 and projected to reach USD 563.52 million by 2030, growing at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2030" Trichloroethylene, a colorless, non-flammable liquid with a chloroform-like odor, plays a crucial role in various industrial applications, including degreasing, solvent extraction, and chemical processing.
๐๐๐ช๐ฎ๐๐ฌ๐ญโฆ
Trichloroethylene Industry Manufacturers Booming Strategies by 2028
Trichloroethylene is a colorless, non-flammable liquid with a slightly sweet odor and a burning taste. It is used primarily as a solvent to remove grease from metal parts. It is also an ingredient in paint removers, adhesives, typewriter correction fluids, and spot removers. Advantages of trichloroethylene such as the ability to incorporate effective stabilizing systems during vapor degreasing operations and non-flammability are anticipated to aid the expansion of the marketโฆ
Trichloroethylene market anticipated to grow and hydrochlorofluorocarbon-based r โฆ
In order to phase out the consumption of CFC (chlorofluorocarbon) and HCFC (hydrochlorofluorocarbon), HFC (hydrofluorocarbon) has emerged as a third generation refrigerant.
Trichloroethylene, being a key ingredient in HFC refrigerant production, is poised to expand in line with HFC market growth.
Increasing consumption of trichloroethylene as an intermediate in the hydrofluorocarbon refrigerant industry is set to amplify market growth during the forecast period.
To get in-depth information view the report
https://www.factmr.com/report/3701/trichloroethylene-market
Further,โฆ
Trichloroethylene Market to Reach US$ 293 Mn by 2030-end
In order to phase out the consumption of CFC (chlorofluorocarbon) and HCFC (hydrochlorofluorocarbon), HFC (hydrofluorocarbon) has emerged as a third generation refrigerant. Trichloroethylene, being a key ingredient in HFC refrigerant production, is poised to expand in line with HFC market growth.
Increasing consumption of trichloroethylene as an intermediate in the hydrofluorocarbon refrigerant industry is set to amplify market growth during the forecast period. Further, owing to trichloroethyleneโs exceptional cleaning efficiency,โฆ
