Tetrachloroethene Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Tetrachloroethene (also known as perchloroethylene) is a chlorocarbon with the molecular formula of C2Cl4. Tetrachloroethene is a colourless liquid with a sweet odour that is most commonly used as a dry cleaning product of fabrics. Tetrachloroethene is used in the dry cleaning industry because it is non-flammable, stable but highly volatile. It is safe to use on most textiles, fibres and dyes without causing damage to the garment. Tetrachloroethene is also be used in extracting fats, dissolving rubber, paint removal, water repellent, brake cleaning and a carrier solvent.

MARKET DYNAMICS

An increasing use of tetrachloroethene in the dry cleaning industry because of its various properties is mainly driving the market growth. In addition, increasing use tetrachloroethene in metal working, paint strippers, and various other applications will offer more growth opportunities for market. However, various health and environmental impacts of tetrachloroethylene may restrain the market growth during the forecast period.

MARKET SCOPE

The "Global Tetrachloroethene Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the tetrachloroethene market with detailed market segmentation by application. The global tetrachloroethene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tetrachloroethene market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global tetrachloroethene market is segmented by application into dry cleaning, metal working, paint strippers, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global tetrachloroethene market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The tetrachloroethene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the tetrachloroethene market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the tetrachloroethene market in these regions.

MARKET PLAYERS

The report covers vital developments in the tetrachloroethene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the tetrachloroethene market are anticipated to witness lucrative growth opportunities in the future with the rising demand for tetrachloroethene in the global market. Below mentioned is the list of few companies engaged in the tetrachloroethene market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tetrachloroethene market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

1. Alfa Aesar
2. Ennore India
3. Solventis
4. Merck KGaA
5. Marine Chemicals
6. Henan Haofei Chemical Co.,Ltd.
7. Hutong Global Co. Ltd.
8. Hefei TNJ Chemical Industry Co.,Ltd.
9. KH Chemicals
10. GJ Chemical

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Tetrachloroethene Report Scope