Trichloroethylene Perchloroethylene Market is booming worldwide.
The global Trichloroethylene and Perchloroethylene market is a pivotal segment of the chemical industry, showing promising growth prospects over the coming years. With a market size estimated at $4.95 billion in 2022, the industry is forecast to expand to approximately $6.8 billion by 2032 , registering a steady compound annual growth rate (CAGR) of 3.23% from 2024 to 2032. This growth trajectory underscores the rising demand for these solvents across diverse industrial applications. Key Market Drivers Expanding Industrial Applications : Trichloroethylene (TCE) and Perchloroethylene (PCE) are widely employed in industrial cleaning, degreasing operations, and as intermediates in chemical synthesis. The surge in manufacturing activities globally is a significant driver for the demand for these chemicals. Growing Demand in Dry Cleaning Industry : Perchloroethylene is a key solvent used in the dry-cleaning industry. Despite environmenta...