Perchloroethylene Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Perchloroethylene (PCE), synonymous with tetrachloroethylene, is a volatile chlorinated solvent widely used in dry cleaning, metal degreasing, and as a chemical intermediate. The industry is characterized by its critical role in industrial cleaning and specialty chemical applications, with a focus on high-purity grades and compliance with environmental regulations. Key trends include the development of solvent recycling systems, exploration of eco-friendly alternatives, and adaptation to regulatory restrictions. The market is driven by demand for metal cleaning in manufacturing and dry cleaning in textiles, though growth is tempered by bans in developed markets.
Market Size and Growth Forecast
The global Perchloroethylene market was valued at USD 340–550 million in 2024, with an estimated CAGR of 2.5%–4.5% from 2025 to 2030, driven by industrial cleaning but limited by regulatory constraints.
Regional Analysis
North America is projected to grow at a CAGR of 2.0%–4.0%, with the U.S. facing declining demand due to regulatory bans, though niche industrial applications persist.
Europe is expected to achieve a CAGR of 1.8%–3.8%, with Germany maintaining demand for metal cleaning, focusing on sustainable solvent practices.
Asia Pacific is anticipated to record the highest growth at a CAGR of 3.0%–5.0%, driven by China and India, where manufacturing and textile sectors fuel demand.
Rest of the World, including Brazil and South Africa, is expected to grow at a CAGR of 2.2%–4.2%, with trends toward oil and gas applications.
Application Analysis
Metal cleaning applications are estimated to grow at a CAGR of 2.8%–4.8%, driven by PCE’s use in degreasing industrial components, with trends toward safer handling practices.
Dry cleaning applications are projected to expand at a CAGR of 1.5%–3.5%, constrained by regulatory bans, with innovations in alternative solvents.
Oil and gas applications are anticipated to grow at a CAGR of 2.5%–4.5%, focusing on chemical intermediates for extraction, with trends toward niche uses.
Other applications, including chemical synthesis, are expected to grow at a CAGR of 2.0%–4.0%, focusing on specialty chemicals.
Key Market Players
Westlake Corporation, based in Houston, Texas, USA, is a leading producer of perchloroethylene, offering high-purity solutions for industrial cleaning, known for its advanced chemical processes.
Olin Corporation, headquartered in Clayton, Missouri, USA, specializes in PCE for metal degreasing, emphasizing regulatory compliance.
Occidental Chemical Corporation, based in Dallas, Texas, USA, provides PCE for dry cleaning, focusing on large-scale production.
AGC, headquartered in Tokyo, Japan, produces PCE for chemical intermediates, known for its high-quality manufacturing.
TOAGOSEI, based in Tokyo, Japan, offers PCE for industrial applications, emphasizing sustainable solutions.
Befar, headquartered in Binzhou, Shandong, China, supplies PCE for metal cleaning, focusing on cost-competitive production.
Juhua, based in Quzhou, Zhejiang, China, produces PCE for industrial uses, with advanced production capabilities.
Kanto Denka Kogyo, headquartered in Tokyo, Japan, provides PCE for specialty applications, specializing in high-purity products.
Sinochem Holdings, based in Beijing, China, offers PCE for oil and gas applications, known for integrated chemical solutions.
Porter’s Five Forces Analysis
● The threat of new entrants is low; regulatory barriers and high capital costs for PCE production limit new entrants.
● The threat of substitutes is high; eco-friendly solvents like hydrocarbons compete strongly, driven by environmental regulations.
● Buyer power is moderate; large industrial and textile firms negotiate pricing, but PCE’s specialized role limits buyer leverage.
● Supplier power is low; raw materials like ethylene are widely available, reducing supplier influence.
● Competitive rivalry is moderate; key players focus on regulatory compliance, recycling, and alternative solvent development.
Market Opportunities and Challenges
Opportunities
● Growing demand for metal cleaning in Asia-Pacific drives PCE adoption.
● Advancements in PCE recycling technologies enhance market sustainability.
● Niche applications in oil and gas offer growth opportunities.
Challenges
● Stringent environmental regulations restrict PCE use in developed markets.
● Health concerns over PCE toxicity increase compliance costs.
● Competition from alternative solvents hinders market growth.
Growth Trend Analysis
The Perchloroethylene market is experiencing limited growth due to regulatory pressures but retains demand in industrial applications. In 2024, Juhua operated a PCE capacity of 110,000 tons, supporting metal cleaning and chemical intermediates. Befar maintained an 80,000-ton capacity, while Sinochem Holdings operated a 50,000-ton capacity, focusing on industrial and oil sectors. On July 23, 2023, the U.S. EPA proposed banning PCE for consumer and most industrial uses, with strict workplace protections, significantly impacting North American demand. These developments align with a projected CAGR of 2.5%–4.5% through 2030, reflecting PCE’s constrained role in industrial cleaning.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Perchloroethylene Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Perchloroethylene by Region
8.2 Import of Perchloroethylene by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Perchloroethylene Market in North America (2020-2030)
9.1 Perchloroethylene Market Size
9.2 Perchloroethylene Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Perchloroethylene Market in South America (2020-2030)
10.1 Perchloroethylene Market Size
10.2 Perchloroethylene Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Perchloroethylene Market in Asia & Pacific (2020-2030)
11.1 Perchloroethylene Market Size
11.2 Perchloroethylene Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Perchloroethylene Market in Europe (2020-2030)
12.1 Perchloroethylene Market Size
12.2 Perchloroethylene Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Perchloroethylene Market in MEA (2020-2030)
13.1 Perchloroethylene Market Size
13.2 Perchloroethylene Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Perchloroethylene Market (2020-2030)
14.1 Perchloroethylene Market Size
14.2 Perchloroethylene Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Perchloroethylene Market Forecast (2021-2026)
15.1 Perchloroethylene Market Size Forecast
15.2 Perchloroethylene Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Westlake Corporation
15.1.1 Company Profile
15.1.2 Main Business and Perchloroethylene Information
15.1.3 SWOT Analysis of Westlake Corporation
15.1.4 Westlake Corporation Perchloroethylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Olin Corporation
15.2.1 Company Profile
15.2.2 Main Business and Perchloroethylene Information
15.2.3 SWOT Analysis of Olin Corporation
15.2.4 Olin Corporation Perchloroethylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Occidental Chemical Corporation
15.3.1 Company Profile
15.3.2 Main Business and Perchloroethylene Information
15.3.3 SWOT Analysis of Occidental Chemical Corporation
15.3.4 Occidental Chemical Corporation Perchloroethylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 AGC
15.4.1 Company Profile
15.4.2 Main Business and Perchloroethylene Information
15.4.3 SWOT Analysis of AGC
15.4.4 AGC Perchloroethylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 TOAGOSEI
15.5.1 Company Profile
15.5.2 Main Business and Perchloroethylene Information
15.5.3 SWOT Analysis of TOAGOSEI
15.5.4 TOAGOSEI Perchloroethylene Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Befar
15.6.1 Company Profile
15.6.2 Main Business and Perchloroethylene Information
15.6.3 SWOT Analysis of Befar
15.6.4 Befar Perchloroethylene Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Perchloroethylene Report
Table Data Sources Of Perchloroethylene Report
Table Major Assumptions Of Perchloroethylene Report
Table Perchloroethylene Classification
Table Perchloroethylene Applications List
Table Drivers Of Perchloroethylene Market
Table Restraints Of Perchloroethylene Market
Table Opportunities Of Perchloroethylene Market
Table Threats Of Perchloroethylene Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Perchloroethylene
Table Cost Structure Analysis Of Perchloroethylene
Table Key End Users List
Table Latest News Of Perchloroethylene Market
Table Merger And Acquisition List
Table Planned/Future Project Of Perchloroethylene Market
Table Policy Of Perchloroethylene Market
Table 2020-2030 Regional Export Of Perchloroethylene
Table 2020-2030 Regional Import Of Perchloroethylene
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Perchloroethylene Market Size And Market Volume List
Table 2020-2030 North America Perchloroethylene Demand List By Application
Table 2020-2025 North America Perchloroethylene Key Players Sales List
Table 2020-2025 North America Perchloroethylene Key Players Market Share List
Table 2020-2030 North America Perchloroethylene Demand List By Type
Table 2020-2025 North America Perchloroethylene Price List By Type
Table 2020-2030 United States Perchloroethylene Market Size And Market Volume List
Table 2020-2030 United States Perchloroethylene Import & Export List
Table 2020-2030 Canada Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Canada Perchloroethylene Import & Export List
Table 2020-2030 Mexico Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Mexico Perchloroethylene Import & Export List
Table 2020-2030 South America Perchloroethylene Market Size And Market Volume List
Table 2020-2030 South America Perchloroethylene Demand List By Application
Table 2020-2025 South America Perchloroethylene Key Players Sales List
Table 2020-2025 South America Perchloroethylene Key Players Market Share List
Table 2020-2030 South America Perchloroethylene Demand List By Type
Table 2020-2025 South America Perchloroethylene Price List By Type
Table 2020-2030 Brazil Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Brazil Perchloroethylene Import & Export List
Table 2020-2030 Argentina Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Argentina Perchloroethylene Import & Export List
Table 2020-2030 Chile Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Chile Perchloroethylene Import & Export List
Table 2020-2030 Peru Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Peru Perchloroethylene Import & Export List
Table 2020-2030 Asia & Pacific Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Perchloroethylene Demand List By Application
Table 2020-2025 Asia & Pacific Perchloroethylene Key Players Sales List
Table 2020-2025 Asia & Pacific Perchloroethylene Key Players Market Share List
Table 2020-2030 Asia & Pacific Perchloroethylene Demand List By Type
Table 2020-2025 Asia & Pacific Perchloroethylene Price List By Type
Table 2020-2030 China Perchloroethylene Market Size And Market Volume List
Table 2020-2030 China Perchloroethylene Import & Export List
Table 2020-2030 India Perchloroethylene Market Size And Market Volume List
Table 2020-2030 India Perchloroethylene Import & Export List
Table 2020-2030 Japan Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Japan Perchloroethylene Import & Export List
Table 2020-2030 South Korea Perchloroethylene Market Size And Market Volume List
Table 2020-2030 South Korea Perchloroethylene Import & Export List
Table 2020-2030 Southeast Asia Perchloroethylene Market Size List
Table 2020-2030 Southeast Asia Perchloroethylene Market Volume List
Table 2020-2030 Southeast Asia Perchloroethylene Import List
Table 2020-2030 Southeast Asia Perchloroethylene Export List
Table 2020-2030 Australia Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Australia Perchloroethylene Import & Export List
Table 2020-2030 Europe Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Europe Perchloroethylene Demand List By Application
Table 2020-2025 Europe Perchloroethylene Key Players Sales List
Table 2020-2025 Europe Perchloroethylene Key Players Market Share List
Table 2020-2030 Europe Perchloroethylene Demand List By Type
Table 2020-2025 Europe Perchloroethylene Price List By Type
Table 2020-2030 Germany Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Germany Perchloroethylene Import & Export List
Table 2020-2030 France Perchloroethylene Market Size And Market Volume List
Table 2020-2030 France Perchloroethylene Import & Export List
Table 2020-2030 United Kingdom Perchloroethylene Market Size And Market Volume List
Table 2020-2030 United Kingdom Perchloroethylene Import & Export List
Table 2020-2030 Italy Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Italy Perchloroethylene Import & Export List
Table 2020-2030 Spain Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Spain Perchloroethylene Import & Export List
Table 2020-2030 Belgium Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Belgium Perchloroethylene Import & Export List
Table 2020-2030 Netherlands Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Netherlands Perchloroethylene Import & Export List
Table 2020-2030 Austria Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Austria Perchloroethylene Import & Export List
Table 2020-2030 Poland Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Poland Perchloroethylene Import & Export List
Table 2020-2030 Russia Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Russia Perchloroethylene Import & Export List
Table 2020-2030 Mea Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Mea Perchloroethylene Demand List By Application
Table 2020-2025 Mea Perchloroethylene Key Players Sales List
Table 2020-2025 Mea Perchloroethylene Key Players Market Share List
Table 2020-2030 Mea Perchloroethylene Demand List By Type
Table 2020-2025 Mea Perchloroethylene Price List By Type
Table 2020-2030 Egypt Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Egypt Perchloroethylene Import & Export List
Table 2020-2030 Israel Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Israel Perchloroethylene Import & Export List
Table 2020-2030 South Africa Perchloroethylene Market Size And Market Volume List
Table 2020-2030 South Africa Perchloroethylene Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Perchloroethylene Import & Export List
Table 2020-2030 Turkey Perchloroethylene Market Size And Market Volume List
Table 2020-2030 Turkey Perchloroethylene Import & Export List
Table 2020-2025 Global Perchloroethylene Market Size List By Region
Table 2020-2025 Global Perchloroethylene Market Size Share List By Region
Table 2020-2025 Global Perchloroethylene Market Volume List By Region
Table 2020-2025 Global Perchloroethylene Market Volume Share List By Region
Table 2020-2025 Global Perchloroethylene Demand List By Application
Table 2020-2025 Global Perchloroethylene Demand Market Share List By Application
Table 2020-2025 Global Perchloroethylene Capacity List
Table 2020-2025 Global Perchloroethylene Key Vendors Capacity Share List
Table 2020-2025 Global Perchloroethylene Key Vendors Production List
Table 2020-2025 Global Perchloroethylene Key Vendors Production Share List
Table 2020-2025 Global Perchloroethylene Key Vendors Production Value List
Table 2020-2025 Global Perchloroethylene Key Vendors Production Value Share List
Table 2020-2025 Global Perchloroethylene Demand List By Type
Table 2020-2025 Global Perchloroethylene Demand Market Share List By Type
Table 2020-2025 Regional Perchloroethylene Price List
Table 2025-2030 Global Perchloroethylene Market Size List By Region
Table 2025-2030 Global Perchloroethylene Market Size Share List By Region
Table 2025-2030 Global Perchloroethylene Market Volume List By Region
Table 2025-2030 Global Perchloroethylene Market Volume Share List By Region
Table 2025-2030 Global Perchloroethylene Demand List By Application
Table 2025-2030 Global Perchloroethylene Demand Market Share List By Application
Table 2025-2030 Global Perchloroethylene Capacity List
Table 2025-2030 Global Perchloroethylene Key Vendors Capacity Share List
Table 2025-2030 Global Perchloroethylene Key Vendors Production List
Table 2025-2030 Global Perchloroethylene Key Vendors Production Share List
Table 2025-2030 Global Perchloroethylene Key Vendors Production Value List
Table 2025-2030 Global Perchloroethylene Key Vendors Production Value Share List
Table 2025-2030 Global Perchloroethylene Demand List By Type
Table 2025-2030 Global Perchloroethylene Demand Market Share List By Type
Table 2025-2030 Perchloroethylene Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Perchloroethylene Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Perchloroethylene Market Size And Cagr
Figure 2020-2030 North America Perchloroethylene Market Volume And Cagr
Figure 2020-2030 South America Perchloroethylene Market Size And Cagr
Figure 2020-2030 South America Perchloroethylene Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Perchloroethylene Market Size And Cagr
Figure 2020-2030 Asia & Pacific Perchloroethylene Market Volume And Cagr
Figure 2020-2030 Europe Perchloroethylene Market Size And Cagr
Figure 2020-2030 Europe Perchloroethylene Market Volume And Cagr
Figure 2020-2030 Mea Perchloroethylene Market Size And Cagr
Figure 2020-2030 Mea Perchloroethylene Market Volume And Cagr
Figure 2020-2025 Global Perchloroethylene Capacity Production And Growth Rate
Figure 2020-2025 Global Perchloroethylene Production Value And Growth Rate
Figure 2025-2030 Global Perchloroethylene Capacity Production And Growth Rate
Figure 2025-2030 Global Perchloroethylene Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |