Growth Prospects: Perchloroethylene Market Targeting US$ 2,247 Million by 2032

The global perchloroethylene market experienced a market valuation of US$ 1,672 Million in 2022 and is poised for steady expansion with a projected Compound Annual Growth Rate (CAGR) of 3% throughout the 2022–2032 period. Forecasts suggest that the market is expected to reach a peak valuation of US$ 2,247 Million by the conclusion of the forecast period, indicating sustained growth and promising opportunities within the industry.
Perchloroethylene, commonly known as PCE or PERC, is a colorless, volatile organic compound primarily used as a solvent in various industrial applications. Its versatility makes it a vital component in dry cleaning, metal degreasing, and chemical synthesis processes. With its widespread usage across diverse sectors, the perchloroethylene market is a significant segment of the global chemical industry.
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