Market Overview:
The global electronic cleaning chemicals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductors, solar energy, optoelectronics, MEMS and other electronics devices across the globe. In addition, the growing awareness about cleanliness and hygiene among consumers is also propelling the growth of this market. The global electronic cleaning chemicals market can be segmented on the basis of type into solvents, wipes and safewash range. The solvents segment is expected to hold a major share of this market during the forecast period owing to its ability to cleanse all types of contaminants from electronic devices. The wipes segment is projected to grow at a higher CAGR than other segments during the forecast period as it offers ease-of-use and convenience while cleaning electronics devices. On the basis of application,the global electronic cleaning chemicalsmarket can be divided into semiconductor, solar energy, optoelectronics MEMS and others segments.
Product Definition:
Electronic Cleaning Chemicals are used to clean electronics. They are important because they remove dirt, dust, and other contaminants that can cause malfunctions.
Solvent:
Solvent is a liquid used to dissolve another substance so that it can be applied to a surface. It's an important part of the manufacturing process in electronics and other industries. The electronic cleaning chemicals market is expected to grow at a significant rate over the forecast period owing to increasing demand for high-performance, cost-effective products with superior properties such as corrosion resistance, lubricity, adhesion prevention and others.
Wipes:
Wipes are cloths or non-woven fabric, which is used for the removal of dirt and dust from various electronic components. Wipes are available in different forms such as pre-moistened, wet & dry and microfiber. The wipes form an important part of the cleaning chemicals industry as they help to save time during cleaning by making it easy to clean a particular area with fewer tools and less effort.
Application Insights:
The market is segmented by application into semiconductor, optoelectronics, solar energy, MEMS and others. The semiconductor application segment dominated the global electronic cleaning chemicals market in 2017 owing to the rising demand for advanced technology products from various end-use industries such as telecommunication & IT. Furthermore, stringent government regulations regarding e-waste disposal are expected to drive growth over the forecast period.
The optoelectronics application segment is anticipated to witness significant growth over the forecast period due to increasing investments in optical technologies across several end-use industries such as healthcare and defense. In addition, growing concerns regarding product contamination during production of advanced optics are expected to drive demand globally over the next eight years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing government initiatives and regulations in countries such as China, India, Japan, South Korea and Taiwan pertaining to electronic waste management. These countries are generating a large amount of e-waste on a daily basis which needs proper disposal methods. This has led to an increase in demand for electronic cleaning chemicals across this region during the forecast period.
Europe is also estimated to witness significant growth over the next eight years owing to stringent government regulations regarding e-waste generation and disposal coupled with rising awareness about environmental protectionism among manufacturers operating within this region.
Growth Factors:
- Increasing demand from the electronics industry for cleaning chemicals to clean and protect electronic equipment and components.
- Growing awareness of the importance of using cleaning chemicals to protect electronic equipment from damage and extend their life span.
- The increasing use of electronics in automotive applications, which is driving the demand for cleaning chemicals in this sector as well.
- Rapid growth in the number of data centers across the world, which is leading to an increase in demand for data center cleaning chemicals products that can cleanse these facilities effectively and safely without leaving any residue behind that could damage sensitive electronic equipment or components housed within them . 5) The increasing popularity of portable devices such as smartphones and tablets is also fueling growth in the market for portable electronics cleaners, as these products need to be regularly cleaned to maintain their performance levels and aesthetic appeal
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Cleaning Chemicals Market Research Report
By Type
Solvent, Wipes, Safewash Range, Others
By Application
Semiconductor, Solar Energy, Optoelectronics, MEMS, Others
By Companies
ITW(US), Electrolube(UK), ZESTRON(US), 3M(US), Cox Industries(US), Walter Surface Technologies(US), Chemtools(AU), Kyzen(US), Sealed Air(US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Cleaning Chemicals Market Report Segments:
The global Electronic Cleaning Chemicals market is segmented on the basis of:
Types
Solvent, Wipes, Safewash Range, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, Solar Energy, Optoelectronics, MEMS, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ITW(US)
- Electrolube(UK)
- ZESTRON(US)
- 3M(US)
- Cox Industries(US)
- Walter Surface Technologies(US)
- Chemtools(AU)
- Kyzen(US)
- Sealed Air(US)
Highlights of The Electronic Cleaning Chemicals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent
- Wipes
- Safewash Range
- Others
- By Application:
- Semiconductor
- Solar Energy
- Optoelectronics
- MEMS
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Cleaning Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the key players operating in the electronic cleaning chemicals market are ITW(US), Electrolube(UK), ZESTRON(US), 3M(US), Cox Industries(US), Walter Surface Technologies(US), Chemtools(AU), Kyzen(US), Sealed Air(US).
The electronic cleaning chemicals market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Cleaning Chemicals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Cleaning Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Cleaning Chemicals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Cleaning Chemicals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Cleaning Chemicals Market Size & Forecast, 2018-2028
4.5.1 Electronic Cleaning Chemicals Market Size and Y-o-Y Growth
4.5.2 Electronic Cleaning Chemicals Market Absolute $ Opportunity
Chapter 5 Global Electronic Cleaning Chemicals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electronic Cleaning Chemicals Market Size Forecast by Type
5.2.1 Solvent
5.2.2 Wipes
5.2.3 Safewash Range
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronic Cleaning Chemicals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electronic Cleaning Chemicals Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 Solar Energy
6.2.3 Optoelectronics
6.2.4 MEMS
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Cleaning Chemicals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Cleaning Chemicals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electronic Cleaning Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Cleaning Chemicals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electronic Cleaning Chemicals Market Size Forecast by Type
9.6.1 Solvent
9.6.2 Wipes
9.6.3 Safewash Range
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electronic Cleaning Chemicals Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 Solar Energy
9.10.3 Optoelectronics
9.10.4 MEMS
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electronic Cleaning Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Cleaning Chemicals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electronic Cleaning Chemicals Market Size Forecast by Type
10.6.1 Solvent
10.6.2 Wipes
10.6.3 Safewash Range
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electronic Cleaning Chemicals Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 Solar Energy
10.10.3 Optoelectronics
10.10.4 MEMS
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electronic Cleaning Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Cleaning Chemicals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electronic Cleaning Chemicals Market Size Forecast by Type
11.6.1 Solvent
11.6.2 Wipes
11.6.3 Safewash Range
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electronic Cleaning Chemicals Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 Solar Energy
11.10.3 Optoelectronics
11.10.4 MEMS
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electronic Cleaning Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Cleaning Chemicals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electronic Cleaning Chemicals Market Size Forecast by Type
12.6.1 Solvent
12.6.2 Wipes
12.6.3 Safewash Range
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electronic Cleaning Chemicals Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 Solar Energy
12.10.3 Optoelectronics
12.10.4 MEMS
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electronic Cleaning Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Cleaning Chemicals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electronic Cleaning Chemicals Market Size Forecast by Type
13.6.1 Solvent
13.6.2 Wipes
13.6.3 Safewash Range
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electronic Cleaning Chemicals Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 Solar Energy
13.10.3 Optoelectronics
13.10.4 MEMS
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Cleaning Chemicals Market: Competitive Dashboard
14.2 Global Electronic Cleaning Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ITW(US)
14.3.2 Electrolube(UK)
14.3.3 ZESTRON(US)
14.3.4 3M(US)
14.3.5 Cox Industries(US)
14.3.6 Walter Surface Technologies(US)
14.3.7 Chemtools(AU)
14.3.8 Kyzen(US)
14.3.9 Sealed Air(US)
