Dry Cleaning Solvents Market: Overview
A wide variety of non-water liquid based solvents are used in the dry cleaning industry for the cleaning of textiles and fabrics. Growing volumes of garments that are dry-cleaned each year are key to expanding demand in the dry cleaning solvents market. Over the years, solvents used for dry cleaning have become more eco-friendly, of better performance, and inexpensive to use. Some of the key product types in the dry cleaning solvents market are liquid carbon dioxide, silicone, dibutoxymethane, brominated solvents, tricholoroethane, hydrocarbons, and perchloroethylene.
Of the various types, perhaps the most intensively researched is silicone-based dry cleaning solvents. Particularly, decamethylcyclopentasiloxane (D5), has garnered special attention due to the fact that it is largely odorless, clear, and nontoxic. The growing demand for close-loop cleaning is also a key trend boosting the expansion of the demand for silicone solvents compared to other costlier alternatives.
Dry Cleaning Solvents Market: Key Trends
Regulatory norms play a key role in shaping the demand and uptake of various products in the dry cleaning solvents market. The study offers a scrutiny of new avenues in key product segments, major trends and industry preferences, and research and development activities. Some of the key developments made in the chemical industry have also being discussed in the study.
There is extensive urge for chemical companies to formulate solvents that can penetrate deeper into fabrics and avoid discoloration. Further, recent research and development directions are aimed toward developing cleaning solvents that have low toxicity, since oftentimes fabric comes into contact with body parts. Occupational Safety & Health Administration (OSHA) have thus put strong focus on the adoption of eco-friendly formulations and those that do not pose heath complications, at least by current standards.
Dry Cleaning Solvents Market: Competitive Development Analysis and Key Developments
Some of the usual health effect can be blistering of the skin, loss of vision, and loss of memory. Notably in recent years, a growing body of research has pointed toward the potential carcinogenic effect of dry cleaning solvents when exposed to the body of wearer for long time.
Nevertheless, the strides made in laundry industry are boosting the prospects of range of common formulations among end users in the dry cleaning industry. Spurt in demand for dry cleaning services in urban areas across numerous developing countries has also bolstered the prospects in the dry cleaning solvents market. Further, there is a perceptible demand for dry cleaning services for uniforms from institutional end users. Non-stain fabric materials are another addition to new developments in the dry cleaning solvents market.
Of the various products, perchloroethylene (perc) has garnered high sales. However, there is a glaring concern of inflammability and stability of the newly developed formulations. The most prominent case in point is perhaps perc since numerous regulatory bodies have showed their intention to phase out perc in the next 2 – 3 years. One such instance was effort taken by California Air Resources Board.
However, there is still sheen left in the growth of the perc segment. Several brands have retailers are promoting the use of perc for their garment consumers. Non-stain fabric materials are another addition to new developments in the dry cleaning solvents market.
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Dry Cleaning Solvents Market: Regional Assessment
The dry cleaning solvents market is witnessing substantially lucrative demand in North America and Europe. Strides made in research and developments of better-performing chemicals for the dry cleaning industry account for high value-grab opportunities of these regions in the global dry cleaning solvents market. Asia Pacific is also a promising regional market.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.