C2 Chlorinated Solvents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Perchloroethylene, Trichloroethylene, 1,1,1-Trichloroethane), Application (Aerospace, Refrigeration and Air Conditioning, Dry Cleaning, Metal Degreasing, Textile Treatment, Automotive Aerosols, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

C2 Chlorinated Solvents Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The market for C2 chlorinated solvents is expected to grow at a CAGR of more than 5% during the forecast period. Major factors driving the market studied are the increasing demand for trichloroethylene for degreasing applications.

  • Implementation of Montreal protocol and Kyoto protocol, and stringent government regulations concerning perchloroethylene use is expected to hinder the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in country such as China, India, etc.

Scope of the report

The C2 chlorinated solvents market report includes:

Type
Perchloroethylene (PCE)
Trichloroethylene (TCE)
1,1,1-Trichloroethane (TCA)
Application
Refrigeration & Air Conditioning
Dry Cleaning
Metal Degreasing
Textile Treatment
Automotive Aerosols
Others (Surface Cleaning , Electroplating, de-inking paper)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Perchloroethylene to Dominate the Market

  • Perchloroethylene is a chlorinated 2-carbon nonpolar solvent. It is a suitable solvent for organic compounds that do not dissolve well in hydrocarbons, polar solvents, and many organic materials.
  • It is produced mainly by reacting hydrocarbons, such as propane or propylene, or chlorinated hydrocarbons, such as ethylene dichloride (EDC) with chlorine.
  • Perchloroethylene is used primarily as a chemical intermediate in the production of several fluorinated compounds. Its vapors are heavier than air and can collect in low lying or poorly ventilated areas.
  • Perchloroethylene is used as or in various applications, such as feedstock for manufacturing chlorinated chemicals, degreaser and solvent cleaner, dry cleaning and textile processing, carpet and spot cleaning, industrial catalyst regeneration, sealants and adhesives, metal and stone polishes and coatings, paints, inks, and ink removal products, among others.
  • Perchloroethylene is used as a thinning agent, which allows adhesives to be applied easily and dry quickly. The perchloroethylene evaporates soon after application.
  • However, as a volatile organic solvent, PCE may pose serious health hazards if exposure is not properly controlled. During dry cleaning, PCE primarily enters the body from inhalation of the vapors, potentially resulting in the health hazards such as dizziness, drowsiness, and loss of coordination, redness and blistering of the skin after prolonged dermal contact, among others
C2 Chlorinated Solvents Market Segmentation Trends

United States to Dominate North America Region

  • The United States is the second-largest producer of automotive in the world. For the last few years, the automotive industry in the country is witnessing a decline in production, due to excess inventory and low demand for passenger cars.
  • However, the automotive industry is expected to grow in the forecast period. This may have affected the demand for C2 chlorinated solvents from the automotive sector in the short-term.
  • The United States industry is the fourth-largest exporter of textile-related products in the world. In the textile industry, trichloroethylene has been used as a carrier solvent for spotting fluids, and as a solvent in dyeing and finishing.
  • Mexico and Canada are the largest markets for US textiles, accounting for 55% of the total trade.
  • Hence, the aforementioned trends in the textile industry are expected to drive the market for C2 chlorinated solvents in the country, during the forecast period.
C2 Chlorinated Solvents Market Regional Trends

Competitive Landscape

The C2 chlorinated solvents market is fragmented in nature. Some of the prominent players in the market include 3M, Solvay, Dow, INEOS, Westlake Chemical Corporation, and among others

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing demand of Trichloroethylene (TCE) for degreasing applications

      2. 4.1.2 Other Driver

    2. 4.2 Restraints

      1. 4.2.1 Implementation of Montreal Protocol and Kyoto Protocol

      2. 4.2.2 Stringent Government Regulations Concerning Perchloroethylene Use

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Perchloroethylene (PCE)

      2. 5.1.2 Trichloroethylene (TCE)

      3. 5.1.3 1,1,1-Trichloroethane (TCA)

    2. 5.2 Application

      1. 5.2.1 Refrigeration & Air Conditioning

      2. 5.2.2 Dry Cleaning

      3. 5.2.3 Metal Degreasing

      4. 5.2.4 Textile Treatment

      5. 5.2.5 Automotive Aerosols

      6. 5.2.6 Others (Surface Cleaning , Electroplating, de-inking paper)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Solvay

      3. 6.4.3 Dow

      4. 6.4.4 Occidental Petroleum Corporation

      5. 6.4.5 INEOS

      6. 6.4.6 Westlake Chemical Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The C2 Chlorinated Solvents Market market is studied from 2016 - 2026.

The C2 Chlorinated Solvents Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

3M, Solvay, Dow, INEOS, Westlake Chemical Corporation are the major companies operating in C2 Chlorinated Solvents Market.

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