Global Trichloroethylene And Perchloroethylene Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Perchloroethylene (PCE) and Trichloroethylene (TCE).

By Application;

Degreaser, Hydrofluorocarbon Refrigerant, Spot-removal Solvent, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn101155233 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Trichloroethylene And Perchloroethylene Market (USD Million), 2021 - 2031

In the year 2024, the Global Trichloroethylene And Perchloroethylene Market was valued at USD 546.68 million. The size of this market is expected to increase to USD 586.12 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.0%.

The global trichloroethylene (TCE) and perchloroethylene (PCE) market encompasses the production, distribution, and application of two significant industrial solvents. Trichloroethylene, a volatile organic compound, has been traditionally utilized in degreasing and cleaning applications, while perchloroethylene, also known as tetrachloroethylene, is commonly used in dry cleaning and as a solvent in various industrial processes.

Both TCE and PCE are recognized for their effectiveness in dissolving oils, greases, and other contaminants, making them valuable in numerous industrial sectors, including automotive, aerospace, and textiles. Despite their utility, concerns have arisen regarding their environmental and health impacts. Both chemicals are classified as hazardous air pollutants, with potential links to respiratory issues and other health problems. Their persistence in the environment and potential for groundwater contamination have prompted regulatory scrutiny and shifts towards safer alternatives.

As a result, the market for TCE and PCE is experiencing transformation driven by stricter environmental regulations and increasing awareness of health risks. This shift is influencing the demand for more sustainable and eco-friendly solvents. Companies in the sector are investing in research and development to innovate safer chemical solutions and comply with evolving regulatory standards, shaping the future trajectory of the TCE and PCE market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Trichloroethylene And Perchloroethylene Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Degreasing Agent

        2. Solvent Demand

        3. Chemical Manufacturing

        4. Automotive Sector

      2. Restraints
        1. Environmental Impact

        2. Regulatory Restrictions

        3. Substitution with Alternatives

        4. Waste Management Costs

      3. Opportunities
        1. Sustainable Solutions

        2. Emerging Markets

        3. Regulatory Compliance

        4. Recycling Initiatives

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Trichloroethylene And Perchloroethylene Market, By Grade, 2021 - 2031 (USD Million)
      1. Perchloroethylene (PCE)
      2. Trichloroethylene (TCE)
    2. Global Trichloroethylene And Perchloroethylene Market, By Application, 2021 - 2031 (USD Million)
      1. Degreaser
      2. Hydrofluorocarbon Refrigerant
      3. Spot-removal Solvent
      4. Others
    3. Global Trichloroethylene And Perchloroethylene Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Westlake Chemical Corporation
      2. The Olin Corporation
      3. Dow (SAFECHEM Europe GmbH)
      4. AGC Chemicals
      5. Occidental Petroleum Corporation
      6. TOAGOSEI CO., LTD.
      7. SPOLCHEMIE
      8. ACURO ORGANICS LIMITED
      9. Befar Group Co., Ltd.
      10. Shandong Xinlong Group
      11. Kanto Denka Kogyo Co.
  7. Analyst Views
  8. Future Outlook of the Market