DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “Global C2 Chlorinated Solvents Market - Segmented by Type, Application, and Geography - Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global C2 Chlorinated Solvents market is expected to register a slow CAGR during the forecast period.
Increasing Demand of TCE for Degreasing Applications
TCE has been particularly favored in hot vapor degreasing applications because of its non-flammability, strong solvent action, high vapor density (4.5 relative to air) and medium boiling point of 87C. These properties make it ideal for vapor degreasing. They are used in applications where an assured level of degreasing is required, namely in the aerospace, medical, electronics, and automotive sectors.
Usage of Perchloroethylene (PCE) is Expected to Increase
Owing to its low toxicity and non-flammability, it is majorly used as a solvent in dry cleaning in both industrial and commercial markets. It is also used as a solvent for fats, waxes, greases, rubbers, gums and caffeine from coffee. It is also used as an anthelminthic against necator, ancylostoma, trematodes and nematodes, and in veterinary medicines.
China to Dominate the Market
In 2017, China was the largest consumer of C2 chlorinated solvents, accounting for 58% of total world demand for TCE and 40% of total world demand for PCE. Chinese PCE consumption is projected to experience the highest average annual growth rate among major consumers, at about 3.4%, during 2017-2022.
In fact, other countries across the globe is expected to experience a decline in C2 chlorinated solvents production during the forecast period. This is because the implementation of Montreal Protocol and Kyoto Protocol are limiting the production of such compounds in Western countries.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company ProfilesBASF SE AkzoNobel N.V. Solvay S.A. Shin-Etsu Chemical DowDuPont Occidental Chemical Corporation Kem One
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SOURCE: Research and Markets
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PUB: 09/07/2018 06:31 AM/DISC: 09/07/2018 06:31 AM