C2 Chlorinated Solvents Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025
C2 Chlorinated Solvents Market size is forecast to reach $XX million by 2025, after growing at a CAGR of 3.4% during 2020-2025. C2 chlorinated solvents are used for the formulation of fluorinated hydrocarbons and fluorinated polymers which are extensively used in various applications including refrigerants, blowing agents and others. C2 chlorinated solvents are also applied as degreasers, paint thinners, pesticides, as intermediates for production of chemicals and others. Exposure of chlorinated solvents can have health effects on human, as well as chlorinated solvent have ozone depletion potential, because of which various governments are planning or have already banned some chlorinated solvents, such as Trichloroethane (TCA) which has been phased out since 1 January 1996 in most countries. Implementation of Montreal protocol and Kyoto protocol, and stringent government regulations concerning C2 chlorinated solvents use is expected to hinder the market.
Key Takeaways
Growing usage of trichloroethylene (TCE) as a solvent in various industries including medical, electronics, aerospace, and automotive is driving global C2 Chlorinated Solvents market towards significant growth during the forecast period.
The growing usage of perchloroethylene (PCE) for dry cleaning in textile industry will drive the demand growth for C2 chlorinated solvents market.
Predominantly, concern over health related adverse effects due to high exposure to the chlorinated solvents may hinder the market growth for the C2 chlorinated solvents market.
However, the increasing usage of chlorinated solvents in fats, waxes, greases, rubbers will create opportunities for the C2 chlorinated solvents market.
Type - Segment Analysis
Perchloroethylene held the largest share in the C2 Chlorinated Solvents Market in 2019, owing to properties such as low toxicity and non-flammability. It is used as a chemical intermediate in the production of several fluorinated compounds. Its vapors are heavier than air and can collect in low lying or poorly ventilated areas. Perchloroethylene is used in various applications, such as degreaser and solvent cleaner, carpet and spot cleaning, sealants and adhesives, paints, inks, ink removal products, feedstock for manufacturing chlorinated chemicals, dry cleaning and textile processing, industrial catalyst regeneration, metal and stone polishes and coatings, among others. Perchloroethylene is also used as a thinning agent, which allows adhesives to be applied easily and dry quickly. In addition, Trichloroethylene (TCE) is also growing at a faster rate during the forecast period, owning to increasing demand for 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. Such properties make it ideal for vapor degreasing. They are used in applications where an assured level of degreasing is required, such as aerospace, medical, electronics, and automotive sectors.
Application - Segment Analysis
Refrigerant and air conditioning sector held the largest share in the C2 chlorinated solvents market in 2019 and is growing at a CAGR of 3.8%, owning to wide usage of fluorocarbons in air conditioning applications. Rising importance of clean air systems in the manufacturing industry, along with increasing installation of HVAC systems in automobiles, is expected to augment industry growth. However, the demand is negatively impacted by the Montreal Protocol and Kyoto Protocol amendments and legislations. In addition, there are current and proposed regulations limiting the future production, consumption, and trade of chlorofluorocarbons, hydrochlorofluorocarbons, and HFCs, which will impact C2 chlorinated solvents market growth.
Geography - Segment Analysis
North America held the largest share in the C2 chlorinated solvents market in 2019 up to 50%, owning growth in automotive production in the region. According to OICA, in 2018, the production of automotive in U.S and Mexico increased up to 11314705 and 4100525 i.e., 1.1% and 0.1% higher than the previous year. In the United States both PCE and TCE are used to make hydrofluorocarbon-134a (HFC-134a), which is the most popular alternative to CFC-12 refrigerant in car air-conditioning systems. In addition, the United States is the fourth-largest exporter of textile-related products in the world. In the textile industry, trichloroethylene is used as a carrier solvent for spotting fluids, and as a solvent in dyeing and finishing. Hence, the aforementioned trends in the textile industry and growth in automotive industry is driving the market for C2 chlorinated solvents in the region, during the forecast period.
Drivers – C2 Chlorinated Solvents Market
Growing demand for various applications
The major factor driving the global C2 Chlorinated Solvents market is the rapidly increasing demand for 1,1,1-trichloroethane for the use in metal degreasing and vinylidene chloride manufacturing across the globe. In addition, the demand for perchloroethylene is also increasing due to its non-flammability and low toxicity nature. It is preferably used in dry cleaning in both commercial and industrial purposes which is influencing market growth. In addition, rapidly increasing demand for perchloroethylene as a solvent for rubbers, greases, waxes, gums ancylostoma, trematodes and nematodes anthelminthic against necator, and in veterinary drugs will stimulate the global C2 Chlorinated Solvents market growth during the forecast period.
Challenges – C2 Chlorinated Solvents Market
Stringent government regulations
The C2 chlorinated solvents consumption has been adversely impacted by decline in emissive applications because of regulation and compliance related to the Kyoto Protocol on climate change, global warming and Montreal Protocol on ozone-depleting chemicals. The application of methyl chloroform has been phased out in few countries due to its ozone depletion potential. In June 2014, the US EPA concluded in an assessment that TCE poses health risks to workers and consumers. Workers in small commercial shops that use TCE as a degreaser, those that use TCE as a stain remover in dry cleaners, and consumers who use spray aerosol degreasers and protective coating sprays for arts and crafts, are especially at risk. In July 2014, the US EPA proposed a rule under SNAP (Significant New Alternatives Policy) to ban the use of several HFCs including HFC-134a, HFC-125, and HFC-containing blends that were previously listed as acceptable alternatives to ozone-depleting substances. Therefore, these regulations are hampering C2 chlorinated solvents market growth.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the C2 Chlorinated Solvents Market. In 2019, the market of C2 Chlorinated Solvents Market has been consolidated by the top five players accounting for xx% of the share. Major players in the C2 Chlorinated Solvents market are BASF SE, Solvay S.A., Occidental Chemical Corporation, Shin-Etsu Chemical, DowDuPont, Kem One, Solventis, AkzoNobel N.V., Oxy Chemical, among others.
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