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Trichloroethylene Market to Expand Due to Rise in Demand for Spot Removal Solvents and Hydrofluorocarbon Refrigerants, TMR Insights

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Transparency Market Research: The rise in the use of trichloroethylene (TCE) in a wide variety of applications such as spot-removal solvents, degreasers, and hydrofluorocarbon refrigerants is likely to impact the global trichloroethylene market positively. Government stimulus packages and initiatives designed to assure business continuity in the BFSI sector are benefitting stakeholders in the trichloroethylene market. They are stepping up their attempts to commercialize market volatility by implementing the plug-and-play approach in manufacturing.

The use of trichloroethylene has increased moderately, as the global demand for general solvents, conventional degreasers, and fluorocarbons has increased. The growth of the global trichloroethylene market is likely to be influenced by a considerable increase in demand and production for spot-removal solvents. The demand for trichloroethylene is also being propelled by the rising demand for degreaser applications and hydrofluorocarbon refrigerants.

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The global trichloroethylene market is expected to expand at a CAGR of 0.9 % during the forecast period, from 2021 to 2031. By 2031, the market is estimated to value US$ 641.52 Mn. Manufacturers are developing consistent income streams in the adhesion business.

Key Findings of Market Report

  • Cold Cleaning Applications and Heavy Duty Vapour Degreasing to Boost Demand for TCE

Cold cleaning and degreasing applications provide a constant stream of revenue for trichloroethylene market participants. Westlake, a plastic and chemical producer, is expanding its TCE range, which is utilized for vapour degreasing and liquid oxygen flushing. Cold cleaning applications and heavy duty vapour degreasing are fuelling the need for general solvent grade trichloroethylene.

Trichloroethylene manufacturers are expanding the supply of high purity grade TCE so as to produce minimal residue solvents for liquid oxygen flushing, chemical synthesis, and cleaning electronic components. Trichloroethylene of fluorocarbon grade is being promoted as a feedstock. As a result, for TCE supply, safe production as well as years of handling expertise is required. Thus, manufacturers are taking public safety and environmental concerns into account.

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  • Trichloroethylene of Superior Quality Assists Manufacturers in Attracting More Customers

Businesses in the global trichloroethylene market are expanding their liquid TCE production capacity for commercial applications such as the development of industrial solvents. As trichloroethylene is related to possible hazards to the environment and human health, trichloroethylene manufacturers are implementing industry-wide best practises for trading and supplying high-quality chemicals.

Manufacturers of trichloroethylene, on the other hand, are increasing manufacturing of pure TCE. Companies are delivering top grade TCE at affordable rates in order to obtain competitive advantage over other producers.Quicker turnaround times are being sought by manufacturers in order to guarantee long-term supply networks with customers, clients, and partners. Such strategies assist manufacturers in gaining a large customer base, which can lead to market domination. Trichloroethylene is in high demand due to the rising need for heat exchange liquids.

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Trichloroethylene Market: Growth Drivers

  • Trichloroethylene (TCE) is a chemical that is usually employed in commercial and industrial operations. It is used to degrease metal components while manufacturing of a range of items. Stain removers, paint removers, adhesives, and certain wood finishes are all examples of consumer items that contain TCE. It is also useful in the production of a variety of compounds.
  • In corrosion prevention, trichloroethylene is utilised as a paint removal fluid. Paints used to shield a substrate metal against infiltration frequently hit the end of its useful lifespan or start to degrade. In the forthcoming years, the paint remover sector is expected to increase at a stable rate, which is likely to drive the demand for TCE.


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Trichloroethylene Market: Key Competitors

Some of the key market players are

  • The Dow Chemical Company
  • Kanto Denka Kogyo Co. Ltd.
  • Westlake Chemical Corporation
  • Acuro Organics Limited
  • Befar Group Co. Ltd.
  • Sankyo Chemical Co. Ltd.
  • Toagosei Co. Ltd.

Trichloroethylene Market: Segmentation

Grade

  • Standard Degreasing and General Solvent
  • Dual-purpose
  • High Purity
  • Fluorocarbon

Manufacturing Process

  • Oxychlorination
  • Chlorination

Application

  • Degreaser
  • Hydrofluorocarbon Refrigerant
  • Spot-removal Solvent
  • Adhesive
  • Paint Remover

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Artificial Intelligence

Computime announces the launch of one of the first true Matter thermostats

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HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions. 

Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices. 
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]

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GVG featured on the 2024 Africa RegTech Horizon-100 list

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MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025. 

This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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