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Global Perchloroethylene Market is Expected to Grow at a CAGR of 2% by 2030

10-25-2023 04:22 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Perchloroethylene Market

Perchloroethylene Market

The global perchloroethylene market is anticipated to witness a steady 2% compound annual growth rate (CAGR) over the entire forecast period. Notably, in the field of dry cleaning, the global perchloroethylene market is on a promising growth trajectory from 2020 to 2030. This upswing is chiefly attributed to the surging need for perchloroethylene in dry cleaning applications. Perchloroethylene's effectiveness as a solvent, its recyclable nature, and its safe handling characteristics collectively establish it as the preferred solvent for dry cleaning purposes.

In a world increasingly attuned to environmental issues, industries are perpetually in pursuit of cleaner and more eco-friendly alternatives. The dry cleaning sector is a prime example of a significant transformation, where the global perchloroethylene market is ascending in response to the mounting demand for environmentally-conscious dry cleaning solutions.

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Riding the Green Wave: The Surge of Environmentally Friendly Dry Cleaning Solutions

The surge in demand for eco-friendly dry cleaning solutions is being driven by growing consumer awareness regarding the potential hazards associated with traditional dry cleaning methods reliant on perchloroethylene. This heightened awareness is causing a fundamental shift in consumer behavior, as individuals increasingly seek environmentally friendly options that not only protect their clothing but also contribute to a healthier planet.

In response to tightening regulations imposed by governments and environmental organizations concerning the use of perchloroethylene, dry cleaners have little choice but to embrace more sustainable alternatives. This transition has ignited a flurry of research and development activities within the dry cleaning industry, leading to the emergence of various eco-conscious cleaning solutions.

Exploring Perchloroethylene Alternatives

Several alternatives to perchloroethylene have gained prominence in recent years. Among the noteworthy options are:

1. Hydrocarbon Solvents: Hydrocarbon-based solvents like DF-2000 and EcoSolv, derived from petroleum, offer a less harmful impact on both the environment and human health. Dry cleaners are increasingly favoring these options when transitioning to environmentally responsible practices.
2. Silicone-Based Solvents: Silicone-based solvents, exemplified by GreenEarth and Siloxane D5, are non-toxic and produce no hazardous waste. They provide effective cleaning results while minimizing their environmental footprint.
3. Wet Cleaning: Wet cleaning techniques leverage water and biodegradable detergents to cleanse garments. This method is celebrated for its eco-friendliness and safety, making it a compelling choice for environmentally conscious dry cleaners.
4. Carbon Dioxide Cleaning: The use of supercritical carbon dioxide (CO2) as a cleaning medium represents another innovative and sustainable dry cleaning approach. CO2 is non-toxic, non-flammable, and readily available, rendering it an appealing option for those in search of eco-friendly alternatives.

Market Growth and Future Outlook

The global perchloroethylene market is undergoing a profound transformation in response to the surging demand for eco-friendly dry cleaning solutions. While traditional perchloroethylene usage remains prevalent, it is gradually ceding ground to safer, more environmentally conscious alternatives. This paradigm shift is creating new opportunities for manufacturers and entrepreneurs interested in joining the eco-friendly dry cleaning industry, reflecting a promising future for cleaner and greener practices in the world of dry cleaning.

Perchloroethylene Market: Segmentation

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

By Function
• Intermediate
• Solvent
• Isomerization & Reforming
• Others

By Grade
• Fluorocarbon Grade
• Degreasing & General Purpose
• Industrial Grade
• Others

By Application
• Hydrofluorocarbon
• Dry Cleaning
• Metal Cleaning & Degreasing
• Isomerization & Reforming
• Others

By Region
• North America
• Europe
• East Asia
• South Asia & Oceania
• Rest of the World

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The global perchloroethylene market is witnessing a remarkable transformation driven by the increasing demand for eco-friendly dry cleaning solutions. As consumers and regulators alike prioritize sustainability and safety, the dry cleaning industry is evolving to meet these expectations. The emergence of alternative solvents and techniques signals a promising future where cleaner and greener practices will define the industry, benefiting both the environment and the health of workers and customers.

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