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

MARKET INTRODUCTION

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 market in the coming years.

MARKET DYNAMICS

Trichloroethylene is a major ingredient in hydrofluorocarbon refrigerant production, and therefore it is considered to expand in line with HFC market growth. Rising trichloroethylene consumption as an intermediate in the hydrofluorocarbon refrigerant industry is set to augment the market growth in the coming years. Moreover, due to trichloroethylene's remarkable cleaning efficiency, it is intended to remain in demand for vapor degreasing and metal cleaning applications.

MARKET SCOPE

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

MARKET SEGMENTATION

The global trichloroethylene market is segmented on the basis of function, grade, and application. On the basis of function, trichloroethylene market is classified into intermediate, solvent, and others. On the basis of grade, market is segmented into fluorocarbon grade, degreasing and general purpose, industrial grade, and others. On the basis of application, market is segmented into hydrofluorocarbon, metal cleaning and degreasing, chemical processing, coatings and adhesives, 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 trichloroethylene market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The trichloroethylene 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 trichloroethylene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 trichloroethylene market in these regions.

Trichloroethylene Market Report Analysis

Trichloroethylene Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ACURO ORGANICS LIMITED
• AGC Inc.
• Banner Chemicals Limited
• Befar Group Co.,Ltd
• Kanto Denka Kogyo Co., Ltd.
• Merck KGaA
• Olin Corporation
• Solventis
• SRF Ltd

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Function

• Intermediate
• Solvent

By Grade

• Fluorocarbon Grade
• Degreasing and General Purpose
• Industrial Grade

By Application

• Hydrofluorocarbon
• Metal Cleaning and Degreasing
• Chemical Processing
• Coatings and Adhesives

MARKET PLAYERS

The reports cover key developments in the trichloroethylene 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from trichloroethylene market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the trichloroethylene market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the trichloroethylene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ACURO ORGANICS LIMITED
  
•   AGC Inc.
  
•   Banner Chemicals Limited
  
•   Befar Group Co.,Ltd
  
•   Kanto Denka Kogyo Co., Ltd.
  
•   Merck KGaA
  
•   Olin Corporation
  
•   Solventis
  
•   SRF Ltd
  
•   Westlake Chemical Corporation
  

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

Trichloroethylene Market Report Scope