PUBLISHER: Polaris Market Research | PRODUCT CODE: 1786808
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1786808
The trichloroethylene and perchloroethylene market size is expected to reach USD 5.01 Billion by 2034, according to a new study by Polaris Market Research. The report "Trichloroethylene and Perchloroethylene Market Share, Size, Trends, Industry Analysis Report: By Type (Trichloroethylene, Perchloroethylene), By Application, By End User, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Trichloroethylene and perchloroethylene are high-performance chlorinated solvents extensively utilized in metal degreasing, chemical synthesis, and precision cleaning tasks, where strong solvency power and compatibility with a wide range of materials are crucial to ensure effective and residue-free results. The shift toward more sustainable operations is driving the adoption of environmentally optimized solvent formulations that meet evolving regulatory and safety standards. The market continues to expand as industries focus on precision cleaning and operational productivity across automotive, aerospace, and electronics sectors.
The market growth is driven by the global expansion of the automotive industry and rising semiconductor sales, which rely on high-performance solvents for cleaning and manufacturing processes. Increased investment in the defense sector is further supporting demand for precision-grade chemicals used in equipment maintenance and aerospace component fabrication.
Based on type, the trichloroethylene captured 55% share in 2024, due to its strong degreasing capabilities and widespread use in metal cleaning, adhesives, and refrigerant feedstock applications.
Based on application, the degreasers segment is expected to witness the fastest growth, driven by increasing demand in automotive, machinery maintenance, and industrial parts cleaning processes where precision and residue-free performance are crucial.
Based on end user, the chemical manufacturing segment held the dominant market share in 2024, driven by the need for high-purity solvents in intermediate synthesis, in the production of fluorinated compounds and resins.
Asia Pacific accounted for 35% of the global trichloroethylene and perchloroethylene market in 2024, fueled by rapid industrialization and expanding chemical production.
North America held 25% market share, due to strong presence of aerospace and automotive industries.
A few global key market players include AGC Chemicals, Befar Group, DCW Ltd., Kanto Denka Kogyo Co., Ltd., Olin Corporation, Otto Chemie Pvt. Ltd., Richard Geiss GmbH, Shandong Qibo New Energy Co., Ltd., Shiv Shakti Group, SPOLCHEMIE, Toagosei Co., Ltd., and Westlake Corporation.
Polaris Market Research has segmented the market report on the basis of type, application, end user, and region:
By Type Outlook (Revenue, USD Billion, 2020-2034)
Trichloroethylene
Perchloroethylene
By Application Outlook (Revenue, USD Billion, 2020-2034)
Hydro-fluorocarbon Refrigerants
Spot-removal Solvents
Degreasers
Other Applications
By End User (Revenue, USD Billion, 2020-2034)
Chemical Manufacturing
Automotive Industry
Aerospace & Defense
Electronics
Other End User
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America