Perchloroethylene Market - Forecast (2022 - 2027)
Perchloroethylene Market is expected to register a significant market growth of CAGR 2.5% during 2021-2026. Perchloroethylene is a colorless liquid and has a sweet-smelling fragrance and known as PERC. It is chemically stable and non-flammable. Increasing demand for dry-cleaning fluid is the primary reason for the growth. Perchloroethylene has gained popularity due to its excellent solvent cleaning properties, easy recycling, and safe handling. Due to its effectiveness as an intermediary, perchloroethylene has become an ideal feedstock in fluorocarbon production. The fluorinated compound perchloroethylene is widely used as an intermediate in the manufacture of dry-cleaning industry. In 2019, approximately three-quarters of global perchloroethylene consumption was attributed to hydrochlorofluorocarbons applications. The product is also widely used as an intermediate to develop refrigerants, refrigerant blends, and fluorinated compound among others. Hydrochlorofluorocarbons (HCFCs) are a...