In a recently published report, Global Perchloroethylene (PCE) Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Perchloroethylene (PCE) Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Perchloroethylene (PCE) Market valued approximately USD XXX billion in 2018 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Perchloroethylene (PCE), also known as “tetrachloroethene” is a chlorocarbon and is colorless. PCE is an organic chemical which is formed in the environment by human activity. This solvent is used extensively, especially in dry cleaning activities. The market of Perchloroethylene (PCE) is developing and expanding at a significant pace. The Perchloroethylene (PCE) market is mainly driven owing to escalating utility in consumer products such as Typewriter, shoe polish and correction fluid considering the global scenario. Besides this, Perchloroethylene (PCE) is used to remove wax, oil and other related substances from the metals in automotive and aerospace industries. Therefore, the surge in automotive and aerospace industries is further propelling the growth of the market. However, long term exposure of Perchloroethylene may cause several health issues such as liver and kidney damage, which may pose significant challenge to the growth of the market.
The regional analysis of Perchloroethylene (PCE) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Perchloroethylene (PCE) Market over the forecasted period 2019-2026. Asia-Pacific is estimated to hold a prominent share of the Perchloroethylene (PCE) market. Developing countries, such as India and China, are significant players boosting the demand for the Perchloroethylene (PCE) Market. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Perchloroethylene (PCE) Market over the coming years. Asia Pacific region is contributing towards the growth of global Perchloroethylene (PCE) Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026.
The leading Market players mainly include-
The DOW Chemical Company
Banner Chemicals Group
Occidental Chemical Corporation
ACE Geosynthetics Enterprise Co, Ltd
Aicello Chemical Co, Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Ethylene Direct Chlorination
Dry Cleaning Agent
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Perchloroethylene (PCE) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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