Market Overview:
The global electronic cleaning solvents market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electronic devices and the growing awareness about the benefits of using electronic cleaning solvents. Based on type, the global market is segmented into formulated hydrocarbon solvents, glycols & glycol ethers, fluorinated solvents, brominated solvents, and light petroleum distillates. The formulated hydrocarbon solvent segment accounted for the largest share of the global market in 2017 and is projected to grow at a CAGR of 5.8% from 2018 to 2030. This growth can be attributed to its low toxicity and environmental friendliness as compared with other types of electronic cleaning solvents. Based on application, the global market is divided into vapor phase degreaser process, vacuum cleaning process, mixed co-solvent process, separated co-solvent process,, semi-aqueous process,. The vapor phase degreaser process segment accounted for majority share in 2017 and it projected grow at a CAGR 6 % during forecast period .
Product Definition:
An electronic cleaning solvent is a specialized type of solvent that is used to clean electronic equipment. Electronic cleaning solvents are important because they can remove dirt, dust, and other debris from the surfaces of electronic components. This can help to improve the performance and reliability of the equipment.
Formulated Hydrocarbon Solvents:
Formulated hydrocarbon solvents are a group of volatile organic compounds (VOC) used as cleaning agents in electronics. They are also known as electronic cleaning solvents or dielectric solvent. The global market for formulated hydrocarbon solvents is expected to grow at a CAGR of XX% from 2015 to 2022, owing to the increasing demand for electronic products such as mobile phones, cameras and laptops among others globally.
Glycols & Glycol Ethers:
Glycols & glycol ethers are solvents that are manufactured from ethylene and propylene. They have a high boiling point and low volatility, which makes them suitable for industrial applications. The product is used in electronic cleaning solvents as it has excellent solvent properties, including resistance to water damage due to corrosion in electrical circuits.
Application Insights:
Vapor phase degreaser process was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. This is attributed to rising demand for VPD based electronics cleaning products from various end-use industries including semiconductor, telecommunication, IT/ITeS and medical among others. Vapor-phase cleaners are used as a surface de-greasing agent in production lines of electronic components manufacturing facilities.
The vacuum cleaning process segment is also expected to grow at a considerable rate owing to increasing awareness about cleanroom practices across various industries such as pharmaceuticals and food processing among others which require highly sterile environments for production purposes. Electronic parts get contaminated with dust particles during different stages of product life cycle which leads to short circuiting or Malfunctioning of Product Components due to lack of proper cleanliness around these parts resulting into reduced yield value thus affecting overall industry growth negatively over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 6.8% over the forecast period, owing to increasing demand for electronics and rapid technological advancements in end-use industries such as healthcare, automotive, and others.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to rising disposable income levels coupled with expanding middle-class population groups in countries like China and India. These factors are projected to drive product demand across various applications such as vapor phase degrader process, vacuum cleaning process, mixed co-solvent process & separated co-solvent processes over the next eight years from 2018 through 2030 at a significant CAGR exceeding 7%.
The Latin American regional market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand from the electronics and semiconductor industries for cleaning solvents that do not damage or corrode the delicate circuitry and components.
- The increasing popularity of miniaturized and portable electronic devices, which are more susceptible to damage if not cleaned properly.
- Growing awareness among consumers about the importance of using electronic cleaning solvents to maintain device performance and extend product life cycles.
- Rising demand for environmentally friendly electronic cleaning solvents that do not contain harmful chemicals or pollutants.
- Technological advancements that lead to the development of new and more effective electronic cleaning solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Cleaning Solvents Market Research Report
By Type
Formulated Hydrocarbon Solvents, Glycols & Glycol Ethers, Fluorinated Solvents, Brominated Solvents, Light Petroleum Distillates
By Application
Vapor Phase Degreaser Process, Vacuum Cleaning Process, Mixed Co-solvent Process, Separated Co-solvent Process, Semi-Aqueous Process
By Companies
M, Albemarle, LyondellBasell, Honeywell, BASF, Dow, Eastman, Arkema, Asahi Glass, Chemours, M, Corbion
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Cleaning Solvents Market Report Segments:
The global Electronic Cleaning Solvents market is segmented on the basis of:
Types
Formulated Hydrocarbon Solvents, Glycols & Glycol Ethers, Fluorinated Solvents, Brominated Solvents, Light Petroleum Distillates
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
Vapor Phase Degreaser Process, Vacuum Cleaning Process, Mixed Co-solvent Process, Separated Co-solvent Process, Semi-Aqueous Process
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:
- M
- Albemarle
- LyondellBasell
- Honeywell
- BASF
- Dow
- Eastman
- Arkema
- Asahi Glass
- Chemours
- M
- Corbion
Highlights of The Electronic Cleaning Solvents 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:
- Formulated Hydrocarbon Solvents
- Glycols & Glycol Ethers
- Fluorinated Solvents
- Brominated Solvents
- Light Petroleum Distillates
- By Application:
- Vapor Phase Degreaser Process
- Vacuum Cleaning Process
- Mixed Co-solvent Process
- Separated Co-solvent Process
- Semi-Aqueous Process
- 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 Solvents 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.
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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?
Electronic cleaning solvents are a type of solvent used to clean electronic equipment. They are typically composed of a mixture of hydrocarbons and oxygen, and they are used in an effort to prevent the buildup of dirt, dust, and other contaminants on electronic components.
Some of the major companies in the electronic cleaning solvents market are M, Albemarle, LyondellBasell, Honeywell, BASF, Dow, Eastman, Arkema, Asahi Glass, Chemours, M, Corbion.
The electronic cleaning solvents 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 Solvents 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 Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Cleaning Solvents 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 Solvents 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 Solvents Market Size & Forecast, 2020-2028
4.5.1 Electronic Cleaning Solvents Market Size and Y-o-Y Growth
4.5.2 Electronic Cleaning Solvents Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Formulated Hydrocarbon Solvents
5.2.2 Glycols & Glycol Ethers
5.2.3 Fluorinated Solvents
5.2.4 Brominated Solvents
5.2.5 Light Petroleum Distillates
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Vapor Phase Degreaser Process
6.2.2 Vacuum Cleaning Process
6.2.3 Mixed Co-solvent Process
6.2.4 Separated Co-solvent Process
6.2.5 Semi-Aqueous Process
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Cleaning Solvents 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 Solvents 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Formulated Hydrocarbon Solvents
9.6.2 Glycols & Glycol Ethers
9.6.3 Fluorinated Solvents
9.6.4 Brominated Solvents
9.6.5 Light Petroleum Distillates
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 Market Size Forecast by Applications
9.10.1 Vapor Phase Degreaser Process
9.10.2 Vacuum Cleaning Process
9.10.3 Mixed Co-solvent Process
9.10.4 Separated Co-solvent Process
9.10.5 Semi-Aqueous Process
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Formulated Hydrocarbon Solvents
10.6.2 Glycols & Glycol Ethers
10.6.3 Fluorinated Solvents
10.6.4 Brominated Solvents
10.6.5 Light Petroleum Distillates
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 Market Size Forecast by Applications
10.10.1 Vapor Phase Degreaser Process
10.10.2 Vacuum Cleaning Process
10.10.3 Mixed Co-solvent Process
10.10.4 Separated Co-solvent Process
10.10.5 Semi-Aqueous Process
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Formulated Hydrocarbon Solvents
11.6.2 Glycols & Glycol Ethers
11.6.3 Fluorinated Solvents
11.6.4 Brominated Solvents
11.6.5 Light Petroleum Distillates
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 Market Size Forecast by Applications
11.10.1 Vapor Phase Degreaser Process
11.10.2 Vacuum Cleaning Process
11.10.3 Mixed Co-solvent Process
11.10.4 Separated Co-solvent Process
11.10.5 Semi-Aqueous Process
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Formulated Hydrocarbon Solvents
12.6.2 Glycols & Glycol Ethers
12.6.3 Fluorinated Solvents
12.6.4 Brominated Solvents
12.6.5 Light Petroleum Distillates
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 Market Size Forecast by Applications
12.10.1 Vapor Phase Degreaser Process
12.10.2 Vacuum Cleaning Process
12.10.3 Mixed Co-solvent Process
12.10.4 Separated Co-solvent Process
12.10.5 Semi-Aqueous Process
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Formulated Hydrocarbon Solvents
13.6.2 Glycols & Glycol Ethers
13.6.3 Fluorinated Solvents
13.6.4 Brominated Solvents
13.6.5 Light Petroleum Distillates
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) Market Size Forecast by Applications
13.10.1 Vapor Phase Degreaser Process
13.10.2 Vacuum Cleaning Process
13.10.3 Mixed Co-solvent Process
13.10.4 Separated Co-solvent Process
13.10.5 Semi-Aqueous Process
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 Solvents Market: Competitive Dashboard
14.2 Global Electronic Cleaning Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Albemarle
14.3.3 LyondellBasell
14.3.4 Honeywell
14.3.5 BASF
14.3.6 Dow
14.3.7 Eastman
14.3.8 Arkema
14.3.9 Asahi Glass
14.3.10 Chemours
14.3.11 M
14.3.12 Corbion
