Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Product (Methylene Chloride, Perchloroethylene, Trichloroethylene), By End-use (Paint & Coatings, Printing Inks, Cosmetics & Toiletries, Other) And Competitive Landscape
Product Code: ETC435635 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Asia Pacific Halogenated Solvents Market is one of the most crucial markets in the region and is projected to attain more growth during the forecast period on the back of the rising demand for halogenated solvents in the continent’s essential sectors like electronics, pharmaceuticals, and automotive.
According to 6Wresearch, the Asia Pacific Halogenated Solvents Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector is one of the essential sectors in the continent and it is the growing sector in the chemical industry. Halogenated solvent is a chemical which contain halogens like fluorine, chlorine, bromine, and iodine, that make them useful in many applications like degreasers, solvents, and leaning agents. The sector in the country is driven by the rising demand for halogenated solvents in the continent’s essential sectors like electronics, pharmaceuticals, and automotive and this factor is stimulating the Asia Pacific Halogenated Solvents Market Growth.
The rising adoption of halogenated solvents in manufacturing of printed circuit boards, semiconductors, and other electronic parts is also contributing to the market growth in the continent. China is the largest sector for halogenated solvents in the region owing to its high demand for clearing agents and industrial solvents. Along with China, India South Korea, and Japan are also some significant contributors to the sector growth owing to their rising pharmaceutical as well as automotive industries.
However, the sector is impeded by the rising environmental concerns linked with the halogenated solvents’ use. These solvents are discovered to be hazardous to environment and human health, which lead to regulatory restrictions on their usage in some applications. Overall, the sector has the potential to overcome anything hindering its growth as the Asia Pacific Halogenated Solvents Market Share is continuously growing.
The sector has been rising effectively in the country and there are many factors supporting the growth of the market and making it one of the crucial markets in the region.
The coronavirus pandemic had a major impact on the sector growth and as the pandemic led to economic slowdown worldwide and disrupted supply chains across the world, which affected the demand as well as supply of halogenated solvents.
The shutdown of many manufacturing plants in the continent led to a disruption in demand for halogenated solvents. The electronic and automotive industries are the major end-users of halogenated solvents in the region and these industries significantly affected by the pandemic, which reduced the demand for halogenated solvents from these industries, and affected the market growth negatively.
Moreover, the lockdown measures imposed by some nations in the region also disrupted the supply chains of halogenated solvents, led to lack of raw materials as well as finished products.
Based on countries, the Asia Pacific Halogenated Solvents Industry is divided into China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, and Rest Of Asia. China is the largest sector for halogenated solvents in the region owing to its high demand for clearing agents and industrial solvents. Along with China, India South Korea, and Japan are also some significant contributors to the sector growth owing to their rising pharmaceutical as well as automotive industries.
Based on product, the Halogenated Solvents Market in Asia Pacific is divided into Methylene Chloride, Perchloroethylene, and Trichloroethylene. The demand for both these product segments in the sector is growing.
Based on end-use, the sector is divided into Paint & Coatings, Printing Inks, Cosmetics & Toiletries, and Other. All these segments are projected to grow in the sector.
The report offers a comprehensive study of the subsequent market segments:
1. What is the future of the Asia Pacific Halogenated Solvents Market?
The Asia Pacific Halogenated Solvents Market is one of the most crucial markets in the region and is projected to attain more growth during the forecast period on the back of the rising demand for halogenated solvents in the continent’s essential sectors like electronics, pharmaceuticals, and automotive.
2. What exactly is a halogenated solvent
Halogenated solvent is a chemical that contains halogens like fluorine, chlorine, bromine, and iodine, which make them useful in many applications like degreasers, solvents, and leaning agents.
3. Which sectors are major end-users of halogenated solvents in the region?
Electronics, pharmaceuticals, and automotive are some of the major end-users of halogenated solvents in the continent.
4. Which country in the region is the largest sector for halogenated solvents?
China is the largest sector for halogenated solvents in the region owing to its high demand for clearing agents and industrial solvents. Along with China, India South Korea, and Japan are also some significant contributors to the sector growth owing to their rising pharmaceutical as well as automotive industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Halogenated Solvents Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Halogenated Solvents Market Revenues & Volume, 2022 & 2029F |
3.3 Asia Pacific Halogenated Solvents Market - Industry Life Cycle |
3.4 Asia Pacific Halogenated Solvents Market - Porter's Five Forces |
3.5 Asia Pacific Halogenated Solvents Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Asia Pacific Halogenated Solvents Market Revenues & Volume Share, By Product, 2022 & 2029F |
3.7 Asia Pacific Halogenated Solvents Market Revenues & Volume Share, By End-use, 2022 & 2029F |
4 Asia Pacific Halogenated Solvents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Halogenated Solvents Market Trends |
6 Asia Pacific Halogenated Solvents Market, 2019 - 2029 |
6.1 Asia Pacific Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
6.2 Asia Pacific Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
7 China Halogenated Solvents Market, 2019 - 2029 |
7.1 China Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
7.2 China Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
8 India Halogenated Solvents Market, 2019 - 2029 |
8.1 India Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
8.2 India Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
9 Japan Halogenated Solvents Market, 2019 - 2029 |
9.1 Japan Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
9.2 Japan Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
10 Australia Halogenated Solvents Market, 2019 - 2029 |
10.1 Australia Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
10.2 Australia Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
11 Indonesia Halogenated Solvents Market, 2019 - 2029 |
11.1 Indonesia Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
11.2 Indonesia Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
12 Philippines Halogenated Solvents Market, 2019 - 2029 |
12.1 Philippines Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
12.2 Philippines Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
13 Malaysia Halogenated Solvents Market, 2019 - 2029 |
13.1 Malaysia Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
13.2 Malaysia Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
14 Rest of Asia Halogenated Solvents Market, 2019 - 2029 |
14.1 Rest of Asia Halogenated Solvents Market, Revenues & Volume, By Product, 2019 - 2029 |
14.2 Rest of Asia Halogenated Solvents Market, Revenues & Volume, By End-use, 2019 - 2029 |
15 Asia Pacific Halogenated Solvents Market Key Performance Indicators |
16 Asia Pacific Halogenated Solvents Market - Opportunity Assessment |
16.1 Asia Pacific Halogenated Solvents Market Opportunity Assessment, By Countries, 2022 & 2029F |
16.2 Asia Pacific Halogenated Solvents Market Opportunity Assessment, By Product, 2022 & 2029F |
16.3 Asia Pacific Halogenated Solvents Market Opportunity Assessment, By End-use, 2022 & 2029F |
17 Asia Pacific Halogenated Solvents Market - Competitive Landscape |
17.1 Asia Pacific Halogenated Solvents Market Revenue Share, By Companies, 2022 |
17.2 Asia Pacific Halogenated Solvents Market Competitive Benchmarking, By Operating and Technical Parameters |
18 Company Profiles |
19 Recommendations |
20 Disclaimer |