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Perchloroethylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23543
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Perchloroethylene Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Perchloroethylene | Chemical | China | 1353 USD/MT (Dec 23) |
| Perchloroethylene | Chemical | Germany | 1851 USD/MT (Dec, 23) |
The price of perchloroethylene in China for Q4 2023 reached 1353 USD/MT in December. Whereas, the price for perchloroethylene in Germany reached 1851 USD/MT in December 2023.
Perchloroethylene Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Perchloroethylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of perchloroethylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of perchloroethylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of perchloroethylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing perchloroethylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Perchloroethylene Market Analysis
The global perchloroethylene market size reached 520.2 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 684.7 Thousand Tons, at a projected CAGR of 3.10% during 2023-2032.
- The perchloroethylene (PCE) market is experiencing a notable shift toward sustainable alternatives due to the growing environmental and health concerns. As a widely used solvent in dry cleaning and industrial applications, PCE has faced scrutiny for its potential health risks, including its classification as a likely human carcinogen. This has spurred increased regulatory pressure globally, with many countries imposing stricter limits on PCE emissions and usage. Consequently, industries are actively seeking greener and safer substitutes, such as hydrocarbon-based solvents and professional wet cleaning methods. The development and adoption of these eco-friendly alternatives are driven by advancements in green chemistry and increased consumer demand for environmentally responsible products. This trend aligns with global sustainability goals and presents opportunities for innovation and market growth in the development of new solvent technologies. As businesses adapt to these changes, the market for sustainable alternatives to PCE is expected to expand, fostering a more environmentally friendly and health-conscious industry landscape. In Europe, regulations are also stringent, with many countries prohibiting the use of dry-cleaning machines older than 15 years, ensuring the adoption of newer, less polluting technologies. These regulatory changes are fostering the development and adoption of greener solvents, contributing to a significant shift in the market.
- Moreover, technological advancements in emission control are significantly impacting the perchloroethylene (PCE) market. Given the environmental and health risks associated with PCE, industries are investing heavily in advanced technologies to minimize emissions and ensure compliance with stringent regulations. Innovations in solvent recovery systems, air purification technologies, and closed-loop dry cleaning systems are at the forefront of this trend. These technologies reduce PCE emissions and enhance operational efficiency and cost-effectiveness. For instance, advanced carbon adsorption systems and catalytic oxidation technologies are being integrated into industrial processes to capture and neutralize PCE vapors effectively. Additionally, developing high-efficiency filtration systems for dry cleaning machines reduces solvent loss and improves overall sustainability. These technological advancements are crucial for businesses aiming to maintain their market position while adhering to regulatory standards. As the industry continues to prioritize emission control, the adoption of these cutting-edge technologies is expected to grow, driving innovation and sustainability within the PCE market. For instance, as per the National Institute of Health (NIH), in the EU, only 5th-generation machines are typically allowed, while in the US, regulations require the upgrade of older machines to at least 4th-generation standards.
- Furthermore, regional market dynamics and regulatory impacts are playing a crucial role in shaping the perchloroethylene (PCE) market. Different regions exhibit varying levels of PCE usage, driven by local regulations, industrial demand, and environmental policies. In North America and Europe, stringent environmental regulations and growing public awareness of PCE's health risks are leading to a gradual decline in its use, especially in the dry-cleaning sector. Conversely, in emerging economies in Asia and Latin America, the market for PCE remains relatively robust due to less stringent regulatory frameworks and continued industrial growth. According to the NIH in the US, about 60-65% of dry cleaners still use PCE, but regulatory efforts are pushing for safer alternatives. However, this landscape is changing as global regulatory bodies and local governments in these regions begin to adopt stricter environmental standards. The implementation of these regulations is expected to drive a shift toward safer and more sustainable alternatives. Additionally, international trade policies and the global push for environmental sustainability are influencing regional markets, encouraging the adoption of best practices and cleaner technologies. Understanding these regional dynamics is essential for stakeholders to navigate the evolving PCE market landscape effectively.
Perchloroethylene News
The report covers the latest developments, updates, and trends impacting the global perchloroethylene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in perchloroethylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the perchloroethylene price trend.
Latest developments in the perchloroethylene industry:
- In 2024, OxyChem invested in modernizing their manufacturing facilities to improve efficiency and reduce environmental impact. They have also been active in the development of alternative solvents that offer similar performance to PCE; however, with reduced health and environmental risks.
Product Description
Perchloroethylene, also known as tetrachloroethylene or PCE, is a colorless, non-flammable liquid primarily used as a solvent in dry cleaning and degreasing metals. Its chemical formula is C2Cl4, and it is known for its excellent ability to dissolve organic materials without being highly reactive or flammable. Perchloroethylene has a characteristic ether-like odor and a high boiling point of around 121°C, making it suitable for high-temperature applications. Additionally, it is used in the production of fluorocarbons and in textile processing.
Due to its stability and non-flammability, Perchloroethylene has been a preferred solvent in the dry-cleaning industry for decades. However, it is also classified as a potential human carcinogen, leading to strict regulatory controls and efforts to find safer alternatives. The use and disposal of Perchloroethylene are regulated to prevent environmental contamination and reduce health risks. PCE is also used in the manufacturing of certain chemicals and as an insulating fluid in some electrical transformers.
Regional Coverage
The report provides a detailed analysis of the perchloroethylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the perchloroethylene price trend.
Global Perchloroethylene Price
The report offers a holistic view of the global perchloroethylene pricing trends in the form of perchloroethylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of perchloroethylene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed perchloroethylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Perchloroethylene Price
European perchloroethylene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed perchloroethylene price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Perchloroethylene Price
The analysis of perchloroethylene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific perchloroethylene historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Perchloroethylene Price
The report explores the perchloroethylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on perchloroethylene prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Perchloroethylene Price
The perchloroethylene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This perchloroethylene price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Perchloroethylene Price
The analysis of perchloroethylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Perchloroethylene |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of perchloroethylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting perchloroethylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The perchloroethylene price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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