Halogenated Solvent Cleaners Market

Halogenated Solvent Cleaners Market Outlook (2022-2032)

At present, the global halogenated solvent cleaners market stands at a valuation of US$ 909.5 million and is anticipated to reach US$ 1.26 billion by the end of 2032. Worldwide sales of halogenated solvent cleaners are predicted to increase at a CAGR of 3.3% from 2022 to 2032.

The top three countries manufacturing halogenated solvent cleaners cumulatively account for a market share of 36.9% in 2022.

Report Attributes	Details
Halogenated Solvent Cleaners Market Size (2022E)	US$ 909.5 Million
Forecasted Market Value (2032F)	US$ 1.26 Billion
Global Market Growth Rate (2022-2032)	3.3% CAGR
North America Market Share (2022)	23.3%
Europe Market Share (2022)	26.5%
Key Companies Profiled	Royal Dutch Shell Plc Eastman Chemical Co. ExxonMobil Corporation LyondellBasell Industries Holdings B.V. Ashland Inc. INEOS AG Huntsman Celanese Corporation BASF SE Honeywell International Inc.

Halogenated Solvent Cleaner Demand Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2032)

Halogenated solvent cleaners have been popular across several industries owing to their cost-efficient nature and excellent cleaning abilities. Increasing demand for infrastructure development has resulted in rising construction activity across the world and this is expected to subsequently drive halogenated solvent cleaners sales as they are used extensively in the construction industry.

Increasing focus on sustainability has led to the imposition of strict mandates by various governments across the world and this has led to a decline in sales of halogenated solvent cleaners.

The availability of alternatives is expected to impede halogenated solvent cleaner consumption to a certain extent but their lack of effectiveness is expected to be a major differentiating factor that will uplift halogenated solvent cleaner sales over the years to come.

Worldwide shipments of halogenated solvent cleaners are expected to increase at a CAGR of 3.3% through 2032.

What’s Shaping Halogenated Solvent Cleaners Market Growth Trajectory?

“Rapidly Increasing Use in Paint & Coatings Industry”

Halogenated solvent cleaners have proven their efficiency in cleaning across various industrial and non-industrial applications. Halogenated solvent cleaners are being increasingly used in the construction industry owing to the rising popularity of their application for depositing coatings and cleaning paints and other surfaces.

“Rising Government Concerns Associated with Environmental Impact of Halogenated Solvent Cleaners”

Halogenated solvents have been known to have toxic and harmful effects on humans and the environment as well. This has become a concerning factor for governments across the world and they have been implementing stringent norms to reduce the harmful impact of halogenated solvents amid growing concerns about environmental degradation.

Prolonged exposure to halogenated solvents may also result in the development of cancers among humans. The aforementioned factors are projected to hamper the overall halogenated solvent cleaners market potential across the forecast period.

How Can Market Entrants Penetrate the Halogenated Solvent Cleaners Space?

“New Market Players Can Focus on Sustainability to Create a Market Presence”

Halogenated solvent cleaners are toxic to both human health as well as the environment and this factor has been limiting the overall market growth for years now and is still prevalent in the marketplace. Halogenated solvent cleaner vendors have been trying to overcome this by increasing their investments in research and development of new products that are safer and cleaner.

Upcoming market players can focus on creating eco-friendly alternatives to halogenated solvent cleaners and can also come up with novel technologies that are compliant with the sustainability trend.

Fact.MR, a market research and competitive intelligence provider has profiled a detailed account of the start-up scene in this latest halogenated solvent cleaners market survey.

How Will Halogenated Solvent Cleaner Demand Rise on a Regional Level?

“North America Leads Global Halogenated Solvent Cleaner Consumption”

The market for halogenated solvent cleaners in North America currently accounts for a market share of 34.3% in the global industry landscape and stands at a valuation of US$ 312 million. Significant advancements in technology, adoption of these novel technologies in the chemical industry, and increasing industrialization in this region are expected to be major factors that influence the halogenated solvent cleaners market.

Asia Pacific halogenated solvent cleaners market is anticipated to emerge as a highly rewarding market for halogenated solvent cleaner suppliers owing to rapidly increasing industrial activity and supportive government initiatives to boost the same. India, China, Korea, Indonesia, and Thailand are expected to be the most prominent economies in this region throughout the forecast period.

The China halogenated solvent cleaners market accounts for a revenue total of US$ 47.3 million at present and holds a market share of 5.2%. Supportive government initiatives to promote the industrial sector and increasing construction activities in the country are expected to primarily drive halogenated solvent cleaners market potential through 2032.

The market for halogenated solvent cleaners in Europe accounts for a revenue of US$ 233.7 million and accounts for a notable market share of 25.7%. Increasing focus on sustainability and imposition of strict mandates to conserve the environment are expected to impede halogenated solvent cleaner shipments in this region over the forecast period.

Competitive Landscape :

Halogenated solvent cleaner manufacturers are expected to focus on the development of eco-friendly solvents and are also focusing on the adoption of cleaner manufacturing processes to create new halogenated solvent cleaners.

Key market players are Royal Dutch Shell Plc, Eastman Chemical Co., ExxonMobil Corporation, LyondellBasell Industries Holdings B.V., and Ashland Inc., among others.

Segments of Halogenated Solvent Cleaners Industry Research

• By Product :

  • Methylene Chloride
  • Perchloroethylene
  • Trichloroethylene

• By End-use Industry :

  • Paint & Coatings
  • Printing Inks
  • Cosmetics & Toiletries
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA