ACCESS Newswire
15 Oct 2020, 18:55 GMT+10
Market participants are offering application-specific products to leverage high demand from developing nations such as India and China.
ROCKVILLE, MD / ACCESSWIRE / October 15, 2020 / The global perchloroethylene market is set to grow at a moderate CAGR of 2% throughout the projected period, 2020-2030. The growth can be primarily ascribed to growing demand in dry cleaning applications.
'Growing demand for perchloroethylene from Asian nations such as India and China are poised to encourage global demand over the conjecture period,' says the Fact.MR report.
Perchloroethylene Market - Key Takeaways
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Perchloroethylene Market - Driving Factors
Perchloroethylene Market - Constraints
Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 pandemic slowed down all kinds of import-export all over the world. The United Kingdom, France, Germany, and the US are extensive consumers of perchloroethylene and are slated to reflect a drop in growth till the midterm conjecture. On the other hand, East Asia is the least hit region and the biggest consumer, which will assist global market growth amid the midterm assessment period.
Explore the Perchloroethylene market comprising of 114 figures and 70 data tables, along with the table of contents. You can find a detailed market segmentation on https://www.factmr.com/report/5102/perchloroethylene-market
Competition Landscape
Major companies operating in the global perchloroethylene market are Olin Corporation, Occidental Chemical Corporation, Spolchemie, Westlake Chemical Corporation, and SRF Limited. These players hold more than half of the global sales and are offering application-specific products.
More on the Report
The FACT.MR's market research report provides in-depth insights into the Perchloroethylene Market. The market is scrutinized on the basis of function (intermediate, solvent, isomerization & reforming, and others), grade (hydrofluorocarbon grade, degreasing & general purpose, and industrial grade), and application (hydrofluorocarbon, dry cleaning, metal cleaning & degreasing, isomerization & reforming, and others), across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA).
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About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: Fact.MR
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