Global Trichloroethylene and Perchloroethylene Market Size By Type, By Applications, By Geographic Scope And Forecast

Report Highlights

Trichloroethylene and Perchloroethylene Market Size And Forecast

Trichloroethylene and Perchloroethylene Market is growing at a fast pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027

Global Trichloroethylene and Perchloroethylene Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Trichloroethylene (TCE) and Perchloroethylene (PERC) are widely used as solvent for cleansing and washing automotive parts as higher boiling point of Perchloroethylene enables to condense higher amount of vapor on metal body also employed to remove oil and lubricants. Thus, automotive industry is fueling the growth of Trichloroethylene and Perchloroethylene market. Additionally, degreasing industry is anticipated to propelling market growth. But on the other side Trichloroethylene and Perchloroethylene market has in decline position because of wide adverse effect on environment as well as on human body such as carcinogenic hazards, respiratory tract disorders hence federal agencies and organization started limiting use of such solvent. For an instance, the environmental Protection Agency has banned use of trichloroethylene after seeing liver and cancer problem and set a zero-contaminant limit standard for drinking water.