Market Size of C2 Chlorinated Solvents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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C2 Chlorinated Solvents Market Analysis
The market for C2 chlorinated solvents is expected to register a CAGR of more than 5% during the forecast period.
Chlorinated solvents, also known as chlorinated volatile organic compounds (CVOCs), are chlorine-containing chemical compounds that have been widely employed in a variety of industries. Refrigeration and air conditioning, dry cleaning, automotive aerosols, and other similar applications are among the most common uses. With the increase in demand for automotive and air conditioners across the world, the demand for chlorinated solvents is expected to rise in the coming years.
- The major factors driving the market studied are the increasing demand for trichloroethylene for degreasing applications.
- Implementation of the Montreal Protocol and Kyoto Protocol and stringent government regulations concerning perchloroethylene use are expected to hinder the market.
- Asia-Pacific dominated the market globally, with the largest consumption in countries such as China and India.
