Trichloroethylene Price Trend

Trichloroethylene Prices December 2023

The price of trichloroethylene in the United States for Q4 2023 reached 1950 USD/MT in December. The price for trichloroethylene in Germany reached 1313 USD/MT in December 2023.

Trichloroethylene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Trichloroethylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of trichloroethylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of trichloroethylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of trichloroethylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing trichloroethylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Trichloroethylene Market Analysis

The global trichloroethylene market size reached 438.6 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 587.45 Thousand Tonnes, at a projected CAGR of 3.30% during 2023-2032.

• The common environmental solvent that requires cleanup includes trichloroethylene (TCE) widely used in degreasing industries. For instance, the U. S. Environmental Protection Agency (EPA) reports that around 85% of TCE usage in the United States is attributed to metal degreasing. Thus, the extensive industrial application of TCE highlights its vital importance in the manufacturing industry segments of aerospace, automotive, and electronics. Nevertheless, the application of TCE is very broad as it is toxic, and its manufacture, use, and disposal may cause vaporization and emission to water systems, air, and ground. Therefore, TCE intrudes into the environmental media and poses high risks for human beings, and this, in turn, calls for more stringent laws and measures controlling the harm to the environment and human beings.
• Trichloroethylene has become an asset to the economies of different nations due to its versatile use in industries. As per the U. S. Bureau of Labor Statistics, industries relying on TCE provide thousands of opportunities for employment besides generating massive revenues. So significant is its adaptability particularly in areas of strategic importance such as electronics manufacturing and pharmaceutical production that its economic importance cannot go unnoticed. Despite the strict measures on handling the chemical and regulatory control, trichloroethylene acts as a facilitator for employment generation and economic growth in various sectors. In this regard, its continued applicability as a system that enables and fosters efficiency and creativity is an indication of its longevity. Through the promotion of sound use and supervision of TCE, sustainable economic development and stability for the welfare of workers and the climate are maintained.
• Some government-funded research has focused on finding new uses and more sustainable substitute solvents for TCE, which will enhance innovation in industrial applications. According to reports from agencies like the National Science Foundation (NSF), ongoing research efforts aim to develop environmentally friendly substitutes and improve TCE remediation techniques. Current multi-sectorial activities by federal departments, academic institutions, and industrial partners aim at incorporating more eco-friendly alternatives in the replacement or reduction of TCE as a fluid medium without compromising the performance rates of industries. Through analyzing NSF data, one can identify the main thrust in research grants and technology development to diminish the usage of TCE or address the issues posed by TCE on the environment and human health. The insights resulting from such research help build a culture of innovations and identify safer and more sustainable approaches for industries.

Trichloroethylene News

The report covers the latest developments, updates, and trends impacting the global trichloroethylene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in trichloroethylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the trichloroethylene price trend.

Latest developments in the trichloroethylene industry:

• In August 2023, UAB awarded grant from U.S. Department of Defense to study TCE exposure’s link to cognitive dysfunction in Parkinson’s disease.

Product Description

Trichloroethylene (TCE) is a VOC solvent with global use in many industries including degreasing, dry cleaning, and metal degreasing. It is a liquid, which is transparent and has a sweet smell; well, it is flammable and is a highly volatile substance. The common application of TCE is in the metal surface preparation, it is commonly used to degrease metals and other substances in the metal processing industries. In the same manner, it is used in the formulation of adhesive extenders, coating systems, and other industrial uses. TCE was also employed as an anesthetic owing to its sedative effects but the application of TCE has been largely phased out due to its toxicity. Still, TCE is known to be hazardous to human health based on the regulatory agencies’ lists of hazardous materials because of its carcinogenic potential and effects on the human brain, liver, and kidneys. There are moves in the process to have the substance restricted and bring lower risks to people and the environment.

Regional Coverage

The report provides a detailed analysis of the trichloroethylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the trichloroethylene price trend. 

Global Trichloroethylene Price

The report offers a holistic view of the global trichloroethylene pricing trends in the form of trichloroethylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of trichloroethylene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed trichloroethylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Trichloroethylene Price

European trichloroethylene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed trichloroethylene price information for a comprehensive list of countries.

North America Trichloroethylene Price

The analysis of trichloroethylene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific trichloroethylene historical data within the United States and Canada can also be provided.

Middle East and Africa Trichloroethylene Price

The report explores the trichloroethylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on trichloroethylene prices for countries can also be provided.

Asia Pacific Trichloroethylene Price

The trichloroethylene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This trichloroethylene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Trichloroethylene Price

The analysis of trichloroethylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of trichloroethylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting trichloroethylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The trichloroethylene price charts ensure our clients remain at the forefront of the industry.