Market Overview:
The global electronics cleaning solvents 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 electronic devices and the growing awareness about the importance of cleanliness in electronics manufacturing and repair. The global electronics cleaning solvents market can be segmented on the basis of type into fluorinated solvents, brominated solvents, petroleum distillates, formulated hydrocarbon solvents, and others. The fluorinatedsolvent segment is expected to account for the largest share ofthe globalmarket in 2018 owingto its superior properties such as low flammability and volatility, good dielectric strength, non-toxicityand environmental friendliness. Onthe basis of application, themarket can be divided intoelectronics devices manufacturing,electronics devicesrepairand others.
Product Definition:
Electronics Cleaning Solvents are used to clean electronic equipment and components. The solvents help remove dirt, dust, and other debris that can cause malfunctions or damage the equipment.
Fluorinated Solvents:
Fluorinated solvents are a group of compounds, which contain at least one fluorine atom. Fluorinated solvents can be either inorganic or organic. Inorganic fluorides have key applications as cleaning agents in electronics and electroplating industries whereas organic ones find their application as stain removers in textiles and wood furniture among others.
Brominated Solvents:
Brominated Solvents are used in electronics cleaning solvents market on account of their excellent wetting and dissolving properties. Brominated solvent is a type of chemical that is used as an effective cleaning agent for various electronic components such as integrated circuits, capacitors, resistors, etc. It has the ability to dissolve most organic compounds and can easily be removed from the surface by water or another suitable solvent.
Application Insights:
The electronics devices manufacturing application segment led the global market in 2017. This is attributed to the rising production of electronic devices, such as smartphones and laptops, across the globe. Furthermore, stringent environmental regulations regarding waste disposal from manufacturing operations are expected to drive demand for electronics cleaning solvents over the forecast period.
Electronics device repair accounted for a significant share of revenue on account of increasing consumer disposable income levels coupled with high product usage rates globally. Electronics manufacturers are focusing on providing premium service centers that offer advanced repair services for products including phones and tablets at affordable prices along with easy payment options through online or mobile wallet transactions supported by banks and financial institutions worldwide.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to rapid industrialization and increasing foreign investments in China, India, South Korea, Taiwan, and Japan. In addition, rising disposable income levels coupled with growing consumer awareness regarding electronic devices maintenance will drive the demand further.
The electronics sector in Asia Pacific is expected to witness significant growth on account of rising production capacities by various players including Samsung Electronics Co., Ltd.; Foxconn Technology Group; Wistron Corporation; Micromax Informatics Ltd.; LG Electronics Inc.; Sony Corporation; Fujifilm Holdings Corporation; Panasonic Corporation; Hewlett Packard Enterprise Development LP (HPE); and Dell EMC LLC among others for manufacturing computer hardware & laptops as well as mobile phones & tablets under brands such as Apple Inc., HP Inc., Dell Computer Corp., Microsoft Corp., Google LLC among others.
Growth Factors:
- Increasing demand from the electronics and semiconductor industry for cleaning solvents owing to the miniaturization of electronic devices and an increase in their functionalities.
- Rising awareness about the benefits of using electronics cleaning solvents, which include improved device performance, longer life, and reduced maintenance costs.
- Growing demand for environmentally friendly and non-toxic electronics cleaning solvents that do not damage electronic components or leave any residue behind after use.
- Proliferation of nanotechnology-based products that require specialized cleaning solutions to remove contaminants without causing any damage to delicate surfaces or structures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronics Cleaning Solvents Market Research Report
By Type
Fluorinated Solvents, Brominated Solvents, Petroleum Distillates, Formulated Hydrocarbon Solvents, Others
By Application
Electronics Devices Manufacturing, Electronics Devices Repair, Others
By Companies
Honeywell International, LyondellBasell, Albemarle Corporation, Miller-Stephenson, CRC Industries, Permatex, 3M Company, LPS Laboratories, Fujifilm NDT Systems, Electrolube, Aervoe, AW Chesterton Company
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Electronics Cleaning Solvents Market Report Segments:
The global Electronics Cleaning Solvents market is segmented on the basis of:
Types
Fluorinated Solvents, Brominated Solvents, Petroleum Distillates, Formulated Hydrocarbon Solvents, 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
Electronics Devices Manufacturing, Electronics Devices Repair, 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:
- Honeywell International
- LyondellBasell
- Albemarle Corporation
- Miller-Stephenson
- CRC Industries
- Permatex
- 3M Company
- LPS Laboratories
- Fujifilm NDT Systems
- Electrolube
- Aervoe
- AW Chesterton Company
Highlights of The Electronics 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:
- Fluorinated Solvents
- Brominated Solvents
- Petroleum Distillates
- Formulated Hydrocarbon Solvents
- Others
- By Application:
- Electronics Devices Manufacturing
- Electronics Devices Repair
- 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 Electronics 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.
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?
Electronics cleaning solvents are a type of solvent used to clean electronic equipment. They are typically made from chemicals and water, and they are used to remove dirt, dust, oil, and other contaminants from electronic components.
Some of the key players operating in the electronics cleaning solvents market are Honeywell International, LyondellBasell, Albemarle Corporation, Miller-Stephenson, CRC Industries, Permatex, 3M Company, LPS Laboratories, Fujifilm NDT Systems, Electrolube, Aervoe, AW Chesterton Company.
The electronics cleaning solvents market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronics 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 Electronics Cleaning Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronics 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 Electronics 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 Electronics Cleaning Solvents Market Size & Forecast, 2018-2028
4.5.1 Electronics Cleaning Solvents Market Size and Y-o-Y Growth
4.5.2 Electronics Cleaning Solvents Market Absolute $ Opportunity
Chapter 5 Global Electronics Cleaning Solvents 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 Electronics Cleaning Solvents Market Size Forecast by Type
5.2.1 Fluorinated Solvents
5.2.2 Brominated Solvents
5.2.3 Petroleum Distillates
5.2.4 Formulated Hydrocarbon Solvents
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronics Cleaning Solvents 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 Electronics Cleaning Solvents Market Size Forecast by Applications
6.2.1 Electronics Devices Manufacturing
6.2.2 Electronics Devices Repair
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronics 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 Electronics 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 Electronics Cleaning Solvents Analysis and Forecast
9.1 Introduction
9.2 North America Electronics Cleaning Solvents 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 Electronics Cleaning Solvents Market Size Forecast by Type
9.6.1 Fluorinated Solvents
9.6.2 Brominated Solvents
9.6.3 Petroleum Distillates
9.6.4 Formulated Hydrocarbon Solvents
9.6.5 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 Electronics Cleaning Solvents Market Size Forecast by Applications
9.10.1 Electronics Devices Manufacturing
9.10.2 Electronics Devices Repair
9.10.3 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 Electronics Cleaning Solvents Analysis and Forecast
10.1 Introduction
10.2 Europe Electronics Cleaning Solvents 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 Electronics Cleaning Solvents Market Size Forecast by Type
10.6.1 Fluorinated Solvents
10.6.2 Brominated Solvents
10.6.3 Petroleum Distillates
10.6.4 Formulated Hydrocarbon Solvents
10.6.5 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 Electronics Cleaning Solvents Market Size Forecast by Applications
10.10.1 Electronics Devices Manufacturing
10.10.2 Electronics Devices Repair
10.10.3 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 Electronics Cleaning Solvents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronics Cleaning Solvents 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 Electronics Cleaning Solvents Market Size Forecast by Type
11.6.1 Fluorinated Solvents
11.6.2 Brominated Solvents
11.6.3 Petroleum Distillates
11.6.4 Formulated Hydrocarbon Solvents
11.6.5 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 Electronics Cleaning Solvents Market Size Forecast by Applications
11.10.1 Electronics Devices Manufacturing
11.10.2 Electronics Devices Repair
11.10.3 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 Electronics Cleaning Solvents Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronics Cleaning Solvents 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 Electronics Cleaning Solvents Market Size Forecast by Type
12.6.1 Fluorinated Solvents
12.6.2 Brominated Solvents
12.6.3 Petroleum Distillates
12.6.4 Formulated Hydrocarbon Solvents
12.6.5 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 Electronics Cleaning Solvents Market Size Forecast by Applications
12.10.1 Electronics Devices Manufacturing
12.10.2 Electronics Devices Repair
12.10.3 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) Electronics Cleaning Solvents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronics Cleaning Solvents 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) Electronics Cleaning Solvents Market Size Forecast by Type
13.6.1 Fluorinated Solvents
13.6.2 Brominated Solvents
13.6.3 Petroleum Distillates
13.6.4 Formulated Hydrocarbon Solvents
13.6.5 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) Electronics Cleaning Solvents Market Size Forecast by Applications
13.10.1 Electronics Devices Manufacturing
13.10.2 Electronics Devices Repair
13.10.3 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 Electronics Cleaning Solvents Market: Competitive Dashboard
14.2 Global Electronics Cleaning Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell International
14.3.2 LyondellBasell
14.3.3 Albemarle Corporation
14.3.4 Miller-Stephenson
14.3.5 CRC Industries
14.3.6 Permatex
14.3.7 3M Company
14.3.8 LPS Laboratories
14.3.9 Fujifilm NDT Systems
14.3.10 Electrolube
14.3.11 Aervoe
14.3.12 AW Chesterton Company
