C2 Chlorinated Solvents Market Size (2024 - 2029)

The C2 chlorinated solvents market is anticipated to experience growth, driven by rising demand in sectors such as refrigeration, air conditioning, and automotive applications. The increasing use of trichloroethylene for degreasing is a significant factor contributing to market expansion. However, the market faces challenges due to regulatory measures like the Montreal and Kyoto Protocols, which impose restrictions on certain chlorinated solvents. The Asia-Pacific region leads in market consumption, with substantial activity in countries like China and India.

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Market Size of C2 Chlorinated Solvents Industry

C2 Chlorinated Solvents Market Summary
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

C2 Chlorinated Solvents Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

C2 Chlorinated Solvents Industry Segmentation

Chlorinated solvents are an organic solvent family with chlorine atoms in their chemical structure. The C2 chlorinated solvents market is segmented by type (perchloroethylene, trichloroethylene, and 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). The report also covers the market size and forecasts in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).

Type
Perchloroethylene (PCE)
Trichloroethylene (TCE)
1,1,1-Trichloroethane (TCA)
Application
Refrigeration and Air Conditioning
Dry Cleaning
Metal Degreasing
Textile Treatment
Automotive Aerosols
Other Applications (Surface Cleaning, Electroplating, De-inking Paper, etc.)
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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C2 Chlorinated Solvents Market Size Summary

The C2 chlorinated solvents market is poised for significant growth, driven by increasing demand in industries such as refrigeration, air conditioning, and automotive aerosols. These solvents, known for their effectiveness in degreasing applications, are particularly sought after in the automotive sector, where the demand for trichloroethylene is on the rise. However, the market faces challenges due to regulatory constraints from international agreements like the Montreal and Kyoto Protocols, which impose restrictions on the use of certain chlorinated solvents, including perchloroethylene. Despite these challenges, the Asia-Pacific region, led by China and India, remains a dominant force in the market, reflecting the region's robust industrial activities and consumption patterns.

Perchloroethylene, a key player in the C2 chlorinated solvents market, is extensively used in dry cleaning and as a raw material for producing chlorofluorocarbons. Its production involves the direct chlorination of hydrocarbons, a process that is prevalent in the United States. The country's strong automotive and textile industries further bolster the demand for these solvents, with significant exports to markets like Mexico and Canada. The market is characterized by its fragmented nature, with major companies such as 3M, Solvay, Dow, INEOS, and Westlake Chemical Corporation playing pivotal roles. These companies are continuously evolving, adapting to market trends and regulatory landscapes to maintain their competitive edge.

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C2 Chlorinated Solvents Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Trichloroethylene (TCE) for Degreasing Applications

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Implementation of Montreal Protocol and Kyoto Protocol

      2. 1.2.2 Stringent Government Regulations Concerning Perchloroethylene Use

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Perchloroethylene (PCE)

      2. 2.1.2 Trichloroethylene (TCE)

      3. 2.1.3 1,1,1-Trichloroethane (TCA)

    2. 2.2 Application

      1. 2.2.1 Refrigeration and Air Conditioning

      2. 2.2.2 Dry Cleaning

      3. 2.2.3 Metal Degreasing

      4. 2.2.4 Textile Treatment

      5. 2.2.5 Automotive Aerosols

      6. 2.2.6 Other Applications (Surface Cleaning, Electroplating, De-inking Paper, etc.)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

C2 Chlorinated Solvents Market Size FAQs

The C2 Chlorinated Solvents Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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

C2 Solvent Market Report Snapshots

C2 Chlorinated Solvents Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)