Global Halogenated Solvent Cleaners Market to Showcase Vigorous Demand during the Period until 2027

From: Fact.MR
Published: Mon Nov 05 2018

FactMR has published a new research report titled "Halogenated Solvent Cleaners Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2027" to its online database that tries to unveil the various scenarios prevailing in the Halogenated Solvent Cleaners Market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the Halogenated Solvent Cleaners Market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during the stated forecast period. 

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Amidst stringent regulatory network, the global market for halogenated solvent cleaners is estimated to grow persistently owing to their irreplaceability in industry, affordability, and development of safer halogenated solvents. With the steady growth of electronics, chemicals, textile, and automotive industries, demand for cost-effective and efficient solvent cleaners is set to rise in parallel. However, development of alternative solvent cleaners that are non-halogenated and environmentally safer and increasing adoption of greener and sustainable solutions will significantly influence production as well as adoption of halogenated solvent cleaners during the forecast period of 2018 – 2027.

Halogenated solvent cleaners are a group of versatile chemicals that includes chlorinated, fluorinated, brominated and iodinated solvents. Halogenated solvents are extensively used in dry cleaning, metal cleaning, paint removal, automotive aerosols, degreasing, printing, paper and textile industries, furniture industry and in thermoplastic production.

The halogenated solvent industry alliance, Inc. (HSAI) is the regulatory body involved in assessing the potential health and environment effects of halogenated solvents, especially chlorinated solvents such as methylene chloride, tetrachloroethylene, and trichloroethylene, by promoting R&D activities and participating in risk assessment activities.

HSAI in collaboration with the National Cleaners Association in the New York State has adopted a new dry cleaning rule that approves tetrachloroethylene as an approved solvent in mixed use commercial and standalone buildings.

Consumer Product Safety Commission (CPSC) has enacted a policy that strictly restricts the use of methylene chloride as paint stripper in the bathtub refinishing. Further, owing to untoward incidences of methylene chloride usage, several NGOs in the United States have asked leading US manufacturers and retailers to stop selling existing paint stripper containing methylene chloride.

The Environment Protection Agency (EPA) has recently delivered a memo that reverses the older ‘Once In, Always In’ policy regarding hazardous air pollutants. The purport of the memo accommodates the maximum achievable control technology (MACT) standards for major sources of hazardous air pollutants which includes halogenated solvents among other chemicals.

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The growth of the global halogenated solvent cleaners market will remain under the influence of such dynamic and stringent regulatory frameworks.

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.

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.

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.

The chemical industry is driven by accelerated globalization, digitization and IoT integration. To win over competitive landscape, global manufacturers in the halogenated solvent cleaners market are adopting new ways such as production of less toxic, non-chlorinated, or greener solvents to maintain global position.

Key manufacturers in the global halogenated solvent cleaners market include Royal Dutch Shell Plc, Ashland Inc., BASF SE, Celanese Corporation, Huntsman, LyondellBasell Industries Holdings B.V., ExxonMobil Corporation, Honeywell International Inc., Eastman Chemical Co., and INEOS AG.

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