Analysis of the Global Halogenated Solvent Cleaners Market
A recent market research report on the Halogenated Solvent Cleaners market published by Fact.MR is an in-depth assessment of the current landscape of the market. Further, the report sheds light on the different segments of the Halogenated Solvent Cleaners market and provides a thorough understanding of the growth potential of each market segment over the forecast period (20XX-20XX).
According to the analysts at Fact.MR, the Halogenated Solvent Cleaners market is evenly poised to register a CAGR growth of ~XX% during the assessment and surpass a value of ~US$ XX by the end of 2029. The report analyzes the micro and macro-economic factors that are likely to impact the growth of the Halogenated Solvent Cleaners market in the upcoming years.
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Key Insights Enclosed in the Report
- Key technological advancement related to the Halogenated Solvent Cleaners
- Assessment of the product pricing strategies of prominent market players
- Country-wise analysis of the Halogenated Solvent Cleaners market and the impact of COVID-19 in different regions
- Analysis of the supply-demand ratio, value chain, consumption and more
- Adoption of the Halogenated Solvent Cleaners in various end-use industries
Segmentation of the Halogenated Solvent Cleaners Market
The presented report dissects the Halogenated Solvent Cleaners market into different segments and ponders over the current and future prospects of each segment. The report depicts the year-on-year growth of each segment and touches upon the different factors that are likely to influence the growth of each market segment.
competition landscape by developing new production methodologies that provides less toxic, non-chlorinated, or greener solvents.
- Recently, Ashland Global Holdings Inc. entered into an agreement with Cruiser Capital Master Fund LP to achieve its financial and operational objectives.
- BASF SE established a new facility at Innovation Campus in Shanghai to strengthen its association with the automotive industry and offer novel process catalysts to the chemical industry.
- In March 2019, INEOS AG acquired North American business of National Titanium Dioxide Company from Tronox Limited to foray into the pigments market and acquire the second position for the production of titanium dioxide in the core market of North America.
- In June 2018, LyondellBasell Industries Holdings B.V. announced an agreement with Karlsruhe Institute of Technology to expand the chemical recycling of plastic materials. The collaborated efforts will focus on developing a new catalyst and process technology with a competency of decomposing plastic waste.
Halogenated Solvent Cleaners Market – Dynamics
Inferior Competency of Halogenated Solvent Cleaners’ Substitutes to Retain their Popularity
With the recognized toxicity of solvents, manufacturers operating in the halogenated solvent cleaners market have been developing alternatives of non-aerosol solvents for the cleaning of electronics, metal, and precision cleaning. However, lower cleaning competency of these solvents as compared to that of the efficiency of halogenated solvent cleaners is expected to retain the sales prospects of the latter.
Environment-friendly Production Method to Uphold the Growth of the Halogenated Solvent Cleaners Market
Rising emphasis on using environmental-friendly chemicals to prevent the harmful effects of chemicals on human health is drawing the attention of numerous industries. In addition to this, growing trends of substituting solvent with water are expected to limit the growth of the halogenated solvent cleaners market in the upcoming years. However, the demand for sustainable production methodologies in parallel to the increasing concerns pertaining to the industrial hazards prevention is projected to cancel out the limitations posed to the halogenated solvent cleaners market.
Shift towards Green Products to Impede the Growth of the Halogenated Solvent Cleaners Market
Concerns associated with the health threats posed by the halogenated solvent cleaners that emit toxic gases will influence the customers’ preferences for green products extracted from alcohol, terpenes, and soy methyl ester. In addition, reduced drilling rates and popularity of oil as a solvent could impact the rising demand for halogenated solvent cleaners.
Will New Alternatives Outnumber Halogenated Solvent Cleaners?
Despite the availability of alternatives in the market, their lower cleaning efficiency as compared to existing halogenated cleaners have retained the popularity of these cleaners globally.
- Industrial Alternatives
The Significant New Alternative Policy (SNAP) Program, an initiative by EPA has introduced a list of non-aerosol solvents for metal, electronics and precision cleaning. However, new alternatives suggested by SNAP leave behind dry cleaning and other manual cleaning application. Similarly, the alternative solvents introduced by chemical manufacturers are industry specific and like halogenated solvents are regulated under stringent regulations from various federal organizations such as NESHAP, OSHA, EPA, and other nation-specific frameworks.
- Bio-Based and Greener Alternatives
Increased emphasis on green chemical manufacturing that delivers plant based products and exempt toxic effects on human health as well as environment integrity is drawing traction of multiple end user industries. Another important influencer of the market is growing adoption of “no solvent” approach that substitutes all solvents with water.
Increased importance of sustainable production methods, as well as rising awareness of occupational and environment hazard prevention are estimated to prominently influence the growth of global halogenated solvent cleaners market.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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The report encompasses the major developments within the global Halogenated Solvent Cleaners market amidst the novel COVID-19 pandemic. The report offers a thorough understanding of the different aspects of the market that are likely to be feel the impact of the pandemic.
Important doubts related to the Halogenated Solvent Cleaners market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials impacted the growth of the Halogenated Solvent Cleaners market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
- What are the key strategies market players should focus on to improve their market position post the COVID-19 pandemic?
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