An exclusive market study published by Fact.MR on the Halogenated Solvent Cleaners Market offers insights related to how the market is projected to grow over the forecast period 2018 to 2027. The objective of the report is to enable our readers to understand the various aspects of the Halogenated Solvent Cleaners Market and assist them to formulate impactful business strategies. Furthermore, the different factors that are expected to influence the current and future dynamics of the Halogenated Solvent Cleaners Market are discussed in the presented study.
According to the report, the Halogenated Solvent Cleaners market is set to reach a market value of ~US$ XX by the end and register a CAGR growth of ~XX% during the assessment period. The report offers an in-depth understanding of the Halogenated Solvent Cleaners supply chain, value, and volume chain across the various regional markets.
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Important Insights Enclosed in the Report:
- Technological developments within the Halogenated Solvent Cleaners Market sphere
- Growth prospects for new market players across different regions
- Company profiles of leading players in the Halogenated Solvent Cleaners Market
- Up-to-date insights related to the key success factors impacting the growth of the Halogenated Solvent Cleaners Market
- Recent mergers, acquisitions, partnerships, and strategic alliances
The latest business intelligence report on the Halogenated Solvent Cleaners Market published by Fact.MR introspects the various parameters that are likely to influence the growth trajectory of the Halogenated Solvent Cleaners Market during the forecast period 2018 to 2027. The report includes a detailed qualitative and quantitative assessment of the Halogenated Solvent Cleaners Market and touches upon the business strategies of the prominent players operating in the Halogenated Solvent Cleaners Market.
The published report provides a deep understanding of the Halogenated Solvent Cleaners Market by segregating the market into different segments such as region, application, and end-use industry.
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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
Important queries addressed in the Halogenated Solvent Cleaners Market report:
- How will the evolving trends impact the growth of the Halogenated Solvent Cleaners Market over the forecast period?
- Which companies are currently dominating the Halogenated Solvent Cleaners Market in terms of market share?
- How can market players capitalize on the lucrative opportunities in Region 1?
- What is the projected growth rate of the Halogenated Solvent Cleaners Market in various regions during the forecast period?
- Is the current market scenario favorable for the growth of new market players?
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This post was originally published on Trading Herald