Trichloroethylene and perchloroethylene market to reach a value of ~us$ 550 mn


Posted July 12, 2021 by yogeshstmr

In terms of value, the global trichloroethylene and perchloroethylene market is anticipated to expand at a CAGR of ~1% from 2019 to 2027, and reach ~US$ 550 Mn by the end of the forecast period.

 
Global Trichloroethylene and Perchloroethylene Market: Key Highlights

In terms of value, the global trichloroethylene and perchloroethylene market is anticipated to expand at a CAGR of ~1% from 2019 to 2027, and reach ~US$ 550 Mn by the end of the forecast period.
C2-chlorinated solvents such as trichloroethylene and perchloroethylene have major commercial significance. However, the consumption of these solvents has been negatively impacted by a decline in emissive applications as a result of regulations related to the 1987 Montreal Protocol on ozone-depleting chemicals, and the 1997 Kyoto Protocol on global warming and climate change.
The regulatory framework in China and India to restrict the usage or phase-down of trichloroethylene and perchloroethylene, due to their high toxic profile and environmental hazards, is not stringent, unlike that in Europe and North America. Domestic consumption of trichloroethylene and perchloroethylene in China and India is projected to mark a positive growth trend, while most of the geographies in the global trichloroethylene and perchloroethylene market are anticipated to mark a declining trend in the next decade.
The consumption of trichloroethylene and perchloroethylene decreased in North America in the last decade. The region has been a net exporter of these chlorinated solvents since the last few years.
According to the European Chlorinated Solvents Association (ECSA), the production and use of trichloroethylene and perchloroethylene in Europe has been declining since the last few decades. The usage of trichloroethylene has declined by more than 50% since the mid-1970s, due to improvement in operating conditions, leading to better solvent recovery, and growing use of other solvents for metal cleaning.
Request a Sample –

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=74015

Regulatory Framework for Trichloroethylene and Perchloroethylene to Hamper Demand

Human health and environmental concerns due to the strong toxic profile and carcinogenicity associated with trichloroethylene and perchloroethylene have resulted in a notable decline in the consumption of these chemicals over the last few decades.
In July 2014, the U.S. EPA proposed a rule under the Significant New Alternatives Policy (SNAP) to limit the use of several hydrofluorocarbons.
Europe has enacted stringent regulations on the usage of trichloroethylene and perchloroethylene. For instance, in March 2013, France passed a specific national regulation (i.e. arrêté 2345) regarding the use of solvents for the dry cleaning and treatment of textiles or clothing. The country intends to progressively phase out machines by using chlorinated solvents in residential areas. In Germany, where a stringent emission control law (2.BimSchV) was implemented a few years ago, the domestic consumption of trichloroethylene and perchloroethylene has reduced significantly.
Trichloroethylene and perchloroethylene are regulated by the Air Pollution Control Law, Water Pollution Control Law, and Soil Contamination Countermeasures Act in Japan, in terms of their use and emissions in natural resources. The consumption of trichloroethylene and perchloroethylene is projected to decline significantly in the country during the forecast period.
Request for covid19 impact analysis –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=74015

Fluorocarbon to be Leading Grade in Trichloroethylene and Perchloroethylene Market

Amid the decline in the demand for a majority of grades of trichloroethylene and perchloroethylene, the fluorocarbon grade segment of the market is expected to witness moderate growth during the forecast period.
The fluorocarbon segment of trichloroethylene and perchloroethylene is anticipated to expand at a CAGR higher than that of the market CAGR, from 2019 to 2027. Trichloroethylene and perchloroethylene have largely been used as basic raw materials in the synthesis of hydrofluorocarbon HFC 134a, a popular alternative for chlorofluorocarbon (CFC) refrigerants, and hydrochlorofluorocarbons such as HCFC 123, HCFC 124, and HFC 125.
The market share of the dry cleaning segment is estimated to decline during the forecast period, as the market is shifting toward the usage of more efficient equipment to limit emissions. This is in compliance with the implementation of stringent government rules regarding workplace exposure levels.
Hydrofluorocarbon Refrigerant to be Leading Application

Based on application, the global trichloroethylene and perchloroethylene market has been segregated into degreasers, hydrofluorocarbon refrigerants, spot-removal solvents, and others.
The hydrofluorocarbon refrigerant segment accounted for a large share of ~ 30% of the global trichloroethylene and perchloroethylene market in 2018. Perchloroethylene is primarily employed as the basic raw material in the manufacture of hydrofluorocarbon (HFC) 134a, which was introduced as an alternative to chlorofluorocarbon (CFC) refrigerants. Perchloroethylene is also employed in the synthesis of hydrochlorofluorocarbons (HCFCs) 123 and 124, and HFC 125. Trichloroethylene is used as an intermediate in the production of refrigerants such as HFCs and HCFCs. It is also used as an ingredient in solvents in metal degreaser applications.
Various environment-related regulations imposed in developed geographies such as the U.S. and the European Union favor the phase-out of HFCs, HCFCs, and other hazardous materials. This is anticipated to hamper the demand for trichloroethylene and perchloroethylene during the forecast period.
Buy now-

https://www.transparencymarketresearch.com/checkout.php?rep_id=74015
-- END ---
Contact Email [email protected]
Issued By Yogesh
Business Address Office No. 501-A, 5th Floor, VANTAGE 9 S.No. 36/1/1, Baner, Pune, Maharashtra 411045
Country India
Categories Business , Consumer , Health
Tags Trichloroethylene and Perchloroethylene Market , Trichloroethylene and perchloroethylene market size , Trichloroethylene and perchloroethylene market share , Trichloroethylene and perchloroethylene market growth
Last Updated July 12, 2021