According to the research report titled ‘Global C2 Chlorinated Solvents Market Size study, by Type (Perchloroethylene, Trichloroethylene, 1,1,1-Trichloroethane), by Application (Aerospace, Refrigeration, and Air Conditioning, Dry Cleaning, Metal Degreasing, Textile Treatment, Automotive Aerosols, and Other Applications), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global C2 chlorinated solvents market is anticipated to progress with 5% CAGR over the analysis timeframe.

Report findings suggest that global C2 chlorinated solvents market growth is attributed to product usage in a wide range of applications including refrigerants, blowing agents, insecticides, degreasers, chemical intermediaries, and paint thinners, in consort with rising demand for perchloroethylene.

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Furthermore, R&D initiatives, acquisitions, and new product launches are expected to augment industry outlook in the coming years.

However, strict government regulations regarding the use of perchloroethylene, and the implementation of the Kyoto and Montreal Protocols may stifle market expansion during the stipulated timeframe.

Based on type terrain, worldwide C2 chlorinated solvents industry is divided into 1,1,1-trichloroethane, trichloroethylene, and perchloroethylene. Herein, the latter most segment is witnessing considerable demand at present.

in terms of application ambit, the market is divided into automotive aerosols, textile treatment, metal degreasing, dry cleaning, refrigeration & air conditioning, aerospace, and others. As per report, textile treatment and automotive aerosols applications are poised to generate modest revenues for the market over the analysis period.

Regionally, the latest industry trends are studied across North America (U.S., Canada), Europe (U.K, France, Germany, Spain, Italy), Asia Pacific (China, South Korea, India, Australia, Japan), and Latin America (Brazil, Mexico).

The report cites that North America industry holds a major revenue share at present and is slated to grow considerably in the coming years, owing to rising vehicle manufacturing as well as booming textile export sector in the United States. Notably, HFC-134a is the preferred substitute for CFC-12 refrigerant used in automobile air-conditioning system, and it is produced from trichloroethylene and perchloroethylene.

Competitively speaking, the leading players in global C2 chlorinated solvents marketplace are Dow Chemical Company, KEM ONE, Ineos Group Ltd., Solvay S.A., Shin-Etsu Chemical Co. Ltd., Westlake Chemical Corp., 3M Company, and Occidental Petroleum Corporation.