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Trichloroethylene and perchloroethylene are high–production volume chemicals with several industrial applications. The major uses of both the chemicals are in metal degreasing, dry cleaning, vapor-degreasing, and isomerization process and as a feed stock in the production of chlorinated chemicals. However, these chemicals can cause harmful effects on the human health. For instance, exposure to trichloroethylene and perchloroethylene may cause irritation skin, throat, eyes, nose, and respiratory system.
The market for trichloroethylene and perchloroethylene in Asia Pacific is projected to witness fast growth during the forecast period. Major growth factors such as massive presence of several domestic and international trichloroethylene and perchloroethylene chemicals manufacturing companies across the countries such as China, Japan and India and presence of well-established chemical industry across the region are accredited to the market growth in the APAC region. Likewise, growing industrialization, rising adoption of trichloroethylene for degreasing application and rapid growth in the dry cleaning industry are likely to improve growth of the market during the forecast period.
The study analyses Asia Pacific trichloroethylene and perchloroethylene market based on grade, application and country.
On the basis of grade, the market is segmented into trichloroethylene and perchloroethylene. An increasing significance of these chemicals in several industrial applications such as in metal grease cleaning, vapor-degreasing, and other technical and industrial applications and surge in the adoption of perchloroethylene in textile industry are some of the major driving factors behind the segment growth.
Based on application, hydrofluorocarbon refrigerants segment dominated the market in 2020 and is expected to maintain its dominance at a considerable CAGR during the projection period. Hydrofluorocarbons are produced from perchloroethylene or trichloroethylene through hydrofluorination and halogen exchange, in which chlorine is substituted by fluorine and hydrogen. A growing consumption of trichloroethylene or perchloroethylene as an intermediate in the hydrofluorocarbon refrigerant industry is projected to improve market growth during the projection period.
Country wise, the study is comprised of the key countries such as the China, India and Japan. China is likely to hold major market share in the coming years. The key factors attributed to the growth of the market across the these countries are well-established metal manufacturing and automotive part manufacturing industry and rising adoption of perchloroethylene to degrease metal parts in the automotive and other metalwork applications such as for cleaning brakes, tires, engines, wire and carburetors.
The major key players of market includes Westlake Chemical Corporation, The Olin Corporation, Dow (SAFECHEM Europe GmbH), AGC Chemicals, Occidental Petroleum Corporation, Toagosei Co., Ltd, Spolchemie, Acuro Organics Limited, Shandong Xinlong Group, Kanto Denka Kogyo Co, Yibin Tianyuan Group, Unistar Chemical Inc, Mitani Sangyo Co Ltd, Inovyn and Fine Chemicals & Scientific Co among others.
The study analyses Asia Pacific trichloroethylene and perchloroethylene market based on grade, application, and country. Trichloroethylene and perchloroethylene market by grade is segmented into trichloroethylene (TCE) and perchloroethylene (PCE). The trichloroethylene segment is likely to dominate the market over the forecast period. The market finds application in degreasers, hydrofluorocarbon refrigerants, spot-removal solvents, and others. The degreasers segment is likely to register fastest growth in years to come owing to the growing adoption of TCE as a degreasers by industries across the globe. Country wise, the study is comprised of China, India and Japan.
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