Bangladesh Halogenated Solvents Market (2022-2028) | Industry, Revenue, Forecast, Size, Share, Outlook, Growth, Analysis, Trends, Value & COVID-19 IMPACT

Bangladesh Halogenated Solvents Market Synopsis

Bangladesh is the world's second-largest producer of halogenated solvents, with a production capacity of over 2 million metric tons. The country's halogenated solvent industry is expected to grow, driven by the growing demand for these products in the paints & coatings, printing inks, and adhesives & sealants industries.

According to 6Wresearch, Bangladesh Halogenated Solvents Market Size is expected to grow during 2022-2028. Halogenated solvents are used as cleaning agents and degreasers in a wide range of industries due to their superior cleaning power and ability to dissolve oils and grease. They are also used as drying agents and are widely used in the printing industry. The growing demand for these products in emerging economies such as Bangladesh is expected to drive the growth of the global halogenated solvents market during the forecast period.

The country also has a large working-age population and a relatively small dependency ratio, which is favourable for economic growth. The growth will be driven by continued industrialization and urbanization, as well as strong growth in the textile and garment sector.

Top Key Trends In The Bangladesh Halogenated Solvents Market

The Bangladesh halogenated solvents market is expected to grow during the forecast period. The major drivers for the market include the growing demand from end-use industries, such as paints & coatings and metal cleaning, and the favourable government regulations regarding the use of halogenated solvents.

However, the high cost of halogenated solvents and the availability of substitutes are expected to restraint the market growth during the forecast period.

Drivers and Challenges in the Bangladesh Halogenated Solvents Market

The Bangladesh halogenated solvents market is projected to witness a significant growth during the forecast period on account of the growing demand from various industries, such as paints & coatings, adhesives, inks, and cleaners. However, the availability of substitutes is expected to be a major challenge for market growth.

This economic growth is expected to continue in the coming years, driven by government initiatives such as the 'Vision 2021' plan and continued investment in infrastructure development. This is likely to result in increased industrial activity in the country, which is expected to drive the demand for halogenated solvents over the forecast period.

The paints & coatings industry is one of the largest consumers of halogenated solvents in Bangladesh. The sector has been growing at a rapid pace in recent years on account of the increasing construction activities in the country. The rising disposable incomes of Bangladeshi consumers are also expected to boost demand for decorative paints, which will further drive market growth over the forecast period.

However, the Bangladesh halogenated solvents market is expected to face some challenges over the forecast period. The availability of substitutes such as alcohols and ketones is expected to restrain market growth to some extent. In addition, stringent environmental regulations regarding

Forecast of the Bangladesh Halogenated Solvents Market

The Bangladesh halogenated solvents market is forecast to grow during the upcoming years. The market is driven by the rising demand for halogenated solvents in various applications such as cleaning and degreasing, metal finishing, and printing.

Halogenated solvents are widely used in cleaning and degreasing due to their excellent ability to remove grease, oil, and other deposits from surfaces. They are also used in metal finishing to remove oxide layers from metals. Halogenated solvents are also used in printing for cleaning printheads and removing ink residues.

The rising demand for halogenated solvents in these applications is driving the growth of the Bangladesh halogenated solvents market.

COVID-19 Impact on Bangladesh Halogenated Solvents Market

The health emergency caused due to the global pandemic has disrupted the growth of almost every industry. The stringent regulations imposed by the government of the country led to disruption in production and supply chain of the product that further declined the Bangladesh Halogenated Solvents Market Growth. 

Market Analysis by Application

Among these applications, paints & coatings is expected to be the largest application segment during the forecast period due to growing construction activities in Bangladesh.

Key Players in Halogenated Solvents Market

Some of the key players in Global Halogenated Solvents Market

• LyondellBasell Industries Holdings B.V.
• Solvay
• Chalmette Refining
• Honeywell International Inc
• Huntsman International LLC.
• BASF SE
• Symrise  
• Others 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.

Key Highlights of the Report

• Bangladesh Halogenated Solvents Market Outlook
• Market Size of Bangladesh Halogenated Solvents Market, 2021
• Forecast of Bangladesh Halogenated Solvents Market, 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Revenues & Volume for the Period 2018 - 2028
• Bangladesh Halogenated Solvents Market Trend Evolution
• Bangladesh Halogenated Solvents Market Drivers and Challenges
• Bangladesh Halogenated Solvents Price Trends
• Bangladesh Halogenated Solvents Porter's Five Forces
• Bangladesh Halogenated Solvents Industry Life Cycle
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Product for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Methylene Chloride for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Perchloroethylene for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Trichloroethylene for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By End-use for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Paint & Coatings for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Printing Inks for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Cosmetics & Toiletries for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Halogenated Solvents Market Revenues & Volume By Other for the Period 2018 - 2028
• Bangladesh Halogenated Solvents Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By End-use
• Bangladesh Halogenated Solvents Top Companies Market Share
• Bangladesh Halogenated Solvents Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Halogenated Solvents Company Profiles
• Bangladesh Halogenated Solvents Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Methylene Chloride
• Perchloroethylene
• Trichloroethylene

By End-Use

• Paint & Coatings
• Printing Inks
• Cosmetics & Toiletries
• Other

Bangladesh Halogenated Solvents Market: FAQs