Global Perchloroethylene Market: Insights & Trends 2025 to 2035
Perchloroethylene 2025 to 2035
The perchloroethylene market is expected to achieve a valuation of US$ 1,673 million by the end of 2025 and continue its steady growth at a CAGR of 4% during the forecast period, reaching approximately US$ 2,348 million by 2035. This growth is propelled by its increased use as a solvent in dry-cleaning, degreasing, and as a key feedstock for fluorocarbon production.
Key Market Insights of Perchloroethylene
| Attributes | Details |
|---|---|
| Market Size (2025E) | US$ 1,673 million |
| Projected Market Value (2035F) | US$ 2,348 million |
| Value CAGR (2025 to 2035) | 4% |
| Top 3 Countries (2025E Share) | 55-60% |
Market Trends and Growth Drivers for Perchloroethylene
- Increasing Dry-Cleaning Demand:
- The rise in demand for professional dry-cleaning services, particularly in developed nations, is a significant driver. PERC remains the preferred solvent due to its superior cleaning abilities and ease of recycling.
- Industrial Applications:
- Perchloroethylene is a key feedstock for producing refrigerants and fluoropolymers, boosting its demand in manufacturing and industrial settings.
- Growth in Textile Sector:
- The global textile industry, which accounted for over 32% of the market share in 2023, continues to rely on PERC for effective cleaning of fabrics and leather.
- Technological Innovations:
- Advancements in solvent recycling technologies are helping reduce the environmental impact of PERC use, addressing growing concerns around sustainability.
Segment Analysis of Perchloroethylene
| Segment | Market Share (2025) | Key Drivers |
|---|---|---|
| Dry Cleaning | 40% | Rising consumer spending on laundry services |
| Refrigerants | 20% | Increased demand for cooling agents |
| Cleaning & Degreasing | 15% | Growth in automotive and aerospace sectors |
Regional Insights of Perchloroethylene
- North America: Dominates due to high dry-cleaning consumption and robust industrial infrastructure.
- Asia-Pacific: Expected to lead growth, driven by increased demand in China and India for refrigerants and textiles.
- Europe: Faces moderate growth due to strict environmental regulations on PERC use.
Challenges and Restraining Factors for Perchloroethylene
- Health and Environmental Concerns:
- PERC’s high boiling point and flammability pose risks. Prolonged exposure has been linked to health issues, including respiratory problems and cancer.
- Regulatory Restrictions:
- Strict solvent emission directives in Europe and North America could limit market expansion.
Competitive Landscape for Perchloroethylene
Key players such as Occidental Chemical, Olin Corporation, and The Dow Chemical Company are expanding their global footprint through mergers, acquisitions, and innovations. Notable developments include:
- Westlake Chemical Corporation unveiled advanced solvent recovery systems in 2023 to reduce PERC wastage.
- Banner Chemicals Group introduced eco-friendly PERC substitutes tailored for industrial cleaning.
Scope of Competitive Analysis for Perchloroethylene
- Revenue and Market Share Analysis
- Company Evaluation Matrix
- Startup/SME Growth Potential
Contact our advisory team for detailed insights into emerging and established players.
FAQs for Perchloroethylene
- What is the market’s projected size by 2035?
- The market is anticipated to reach US$ 2,348 million.
- Which segment holds the largest share?
- Dry cleaning dominates with a 40% market share.
- Which regions are driving growth?
- Asia-Pacific and North America are key contributors.
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