| Product Code: ETC338004 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India perchloroethylene market import shipment displayed a notable CAGR from 2020 to 2024. However, growth slowed between 2023 and 2024. Despite the slight decline in the growth rate, the market maintained an overall expanding trend with a strong momentum during the period.
The perchloroethylene market in India holds potential due to its use as a solvent in various industries, including dry cleaning and metal degreasing. Challenges include addressing environmental concerns related to its use and regulatory requirements. Manufacturers must focus on promoting sustainable alternatives and adhering to safety and environmental standards while catering to the needs of sectors that rely on perchloroethylene.
The India perchloroethylene market`s growth is influenced by several drivers. The chemical and textile industries are key contributors, using perchloroethylene as a solvent in dry cleaning and textile processing. The expansion of these sectors, along with changing consumer lifestyles, drives demand for perchloroethylene-based services. Additionally, advancements in cleaning technologies and equipment contribute to market growth. As industries seek efficient and cost-effective cleaning solutions, the demand for perchloroethylene is anticipated to persist.
The India perchloroethylene market outlook, used primarily as a solvent in various industries, faces challenges. Environmental concerns due to its potential impact on groundwater and air quality pose regulatory challenges. Moreover, the availability of safer alternative solvents can affect the demand for perchloroethylene. Manufacturers need to focus on sustainable production practices, exploring less harmful alternatives, and complying with stringent environmental regulations to ensure a sustainable future for this market.
The India perchloroethylene market has expanded with applications in the dry cleaning and textile industries. The market outlook is positive due to the growth of relevant sectors. The COVID-19 pandemic led to reduced consumer spending and disruptions in textile manufacturing, affecting the market. As economic conditions improve and consumer spending rebounds, demand for perchloroethylene is likely to recover, driven by textile and dry cleaning needs.
The perchloroethylene market in India is projected to grow due to its applications in dry cleaning and degreasing. Key players like Gujarat Alkalies and Chemicals Ltd, Naveen Enterprises, and Standard Reagents Pvt. Ltd are expected to influence market dynamics by producing high-quality perchloroethylene to meet the needs of various industrial sectors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Perchloroethylene Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Perchloroethylene Market Revenues & Volume, 2021 & 2031F |
3.3 India Perchloroethylene Market - Industry Life Cycle |
3.4 India Perchloroethylene Market - Porter's Five Forces |
3.5 India Perchloroethylene Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Perchloroethylene Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 India Perchloroethylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the textile and dry cleaning industries |
4.2.2 Growth in the chemical manufacturing sector |
4.2.3 Government initiatives promoting the use of perchloroethylene in industrial applications |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations regarding the use of perchloroethylene |
4.3.2 Volatility in raw material prices |
4.3.3 Shift towards eco-friendly and sustainable alternatives |
5 India Perchloroethylene Market Trends |
6 India Perchloroethylene Market, By Types |
6.1 India Perchloroethylene Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Perchloroethylene Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Perchloroethylene Market Revenues & Volume, By Ethylene Oxychlorination, 2021-2031F |
6.1.4 India Perchloroethylene Market Revenues & Volume, By Acetylene Method, 2021-2031F |
6.1.5 India Perchloroethylene Market Revenues & Volume, By Ethylene Direct Chlorination, 2021-2031F |
6.2 India Perchloroethylene Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 India Perchloroethylene Market Revenues & Volume, By Dry Cleaning Agent, 2021-2031F |
6.2.3 India Perchloroethylene Market Revenues & Volume, By Solvent, 2021-2031F |
6.2.4 India Perchloroethylene Market Revenues & Volume, By Others, 2021-2031F |
7 India Perchloroethylene Market Import-Export Trade Statistics |
7.1 India Perchloroethylene Market Export to Major Countries |
7.2 India Perchloroethylene Market Imports from Major Countries |
8 India Perchloroethylene Market Key Performance Indicators |
8.1 Adoption rate of perchloroethylene in new industrial applications |
8.2 Investment in RD for improving the efficiency and safety of perchloroethylene |
8.3 Compliance with environmental regulations and sustainability standards |
9 India Perchloroethylene Market - Opportunity Assessment |
9.1 India Perchloroethylene Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Perchloroethylene Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 India Perchloroethylene Market - Competitive Landscape |
10.1 India Perchloroethylene Market Revenue Share, By Companies, 2024 |
10.2 India Perchloroethylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |