Perchloroethylene (PERC), also known as tetrachloroethylene, is a volatile, colorless liquid widely used as a solvent in dry cleaning, metal degreasing, and chemical manufacturing. Given its extensive applications, understanding the Perchloroethylene price trends, market dynamics, and regional variations of PERC is crucial for stakeholders across various industries.
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Perchloroethylene Market Forecast (2025–2030)
The global PERC market is projected to grow steadily, with an estimated Compound Annual Growth Rate (CAGR) of 3.5% from 2025 to 2030. By 2030, the market is expected to surpass USD 2.2 billion, driven by increasing demand in dry cleaning, metal degreasing, and chemical manufacturing sectors.
Perchloroethylene Price Trend Analysis (Q1 2024 – Q1 2025)
Q1 2024
- India: USD 1,200–1,300 per metric ton
- Global Average: USD 1,500–1,600 per metric ton
- Market Dynamics: Prices remained stable as industries resumed operations post-holidays. Demand was steady across dry cleaning and metal degreasing sectors.
Q2 2024
- India: USD 1,250–1,350 per metric ton
- Global Average: USD 1,550–1,650 per metric ton
- Market Dynamics: A slight increase in prices due to seasonal demand in dry cleaning and textile industries.
Q3 2024
- India: USD 1,300–1,400 per metric ton
- Global Average: USD 1,600–1,700 per metric ton
- Market Dynamics: Prices continued to rise with increased industrial activities and higher demand from metal degreasing applications.
Q4 2024
- India: USD 1,350–1,450 per metric ton
- Global Average: USD 1,650–1,750 per metric ton
- Market Dynamics: End-of-year demand in dry cleaning and textile sectors led to price hikes.
Q1 2025
- India: USD 1,400–1,500 per metric ton
- Global Average: USD 1,700–1,800 per metric ton
- Market Dynamics: Prices remained high due to sustained demand and limited supply.
Perchloroethylene Demand and Supply Dynamics
Perchloroethylene Demand Drivers
- Dry Cleaning Industry: Continued urbanization and rising disposable incomes have led to increased demand for professional dry cleaning services.
- Metal Degreasing: PERC’s effectiveness in removing oils and greases makes it essential in automotive and aerospace manufacturing.
- Chemical Manufacturing: As a solvent and intermediate, PERC is crucial in producing various chemicals and refrigerants.
Perchloroethylene Supply Constraints
- Environmental Regulations: Stricter regulations in regions like North America and Europe are limiting PERC production and usage, affecting supply.
- Production Challenges: Operational issues and maintenance shutdowns in key production facilities have occasionally disrupted supply chains.
Perchloroethylene Regional Market Insights
Asia-Pacific
- China and India: These countries are significant consumers of PERC, driven by their large textile and automotive industries.
- Growth Outlook: The region is expected to witness a CAGR of 3.6%, with China leading the demand due to its extensive manufacturing base.
North America
- United States: Regulatory pressures are reducing PERC usage in dry cleaning.
- Canada: Stable demand in industrial applications, particularly in metal degreasing.
Europe
- Market Size: Valued at USD 0.49 billion in 2023, with a projected CAGR of 2.8% from 2023 to 2030.
- Regulatory Impact: Stricter environmental regulations are influencing PERC demand, especially in the dry cleaning sector.
Latin America and Middle East & Africa
- Emerging Markets: Increasing industrial activities are driving PERC demand, particularly in the automotive and textile sectors.
Top Perchloroethylene Suppliers by Region
Global Leaders
- BASF: A major producer with a global presence.
- Solvay: Offers a range of PERC products for various applications.
- Occidental Chemical Corporation: Supplies PERC primarily to North American markets.
Regional Suppliers
- Asia-Pacific: Gujarat Alkalies & Chemicals Ltd. (India), Tokuyama Corporation (Japan).
- Europe: Kem One (France), Shin-Etsu Chemical Co. Ltd. (Japan).
- North America: Occidental Chemical Corporation (USA), Ineos (USA).
The Perchloroethylene market is experiencing steady growth, driven by demand in dry cleaning, metal degreasing, and chemical manufacturing. However, environmental regulations and supply constraints are influencing market dynamics. Regional variations in demand and supply further impact pricing and availability. Stakeholders must stay informed about these factors to navigate the evolving market landscape effectively.