Electronic Cleaning Solvents Market by Product Type (Glycols and Glycol Ethers, Brominated Solvents, Fluorinated Solvents, Light Petroleum Distillate, and Formulated Hydrocarbon Solvents) and by Cleaning Process (Semi-Aqueous Process, Separated Co-Solvent Process, Mixed Co-Solvent Process, Vacuum Cleaning Process, and Vapor Phase Degreaser Process): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025

Global electronic cleaning solvents market expected to generate around USD 2,589 million by 2025, at a CAGR of around 6.6% between 2019 and 2025. Electronic cleaning solvent is a fast-drying solvent specially formulated for quick and efficient cleaning of electrical equipment.

29-Jan-2019 | Number of pages: 110 | Report Code: ZMR-3447 | Report Format : | Status : Published

Analysis

Electronic cleaning solvent is a fast-drying solvent specially formulated for quick and efficient cleaning of electrical equipment. It is a substitute for CFC solvents that were used earlier in electro lube products. These solvents are 100% ozone-friendly and residue free.

The major factor that is likely to support the growth of the electronic cleaning solvents market globally in the future is the rapid expansion of the electronics industry. The rapidly developing electronic industry globally is fueling the manufacturers’ need to develop various products that can address the various requirements of the end-users. Additionally, the manufacturers are also trying to develop a drying solvent to be proficiently used for quick and effective cleansing of different electronic parts. Electronic cleaning solvents are used for cleaning connectors, switches, alarms, relays, terminal plugs, etc. Electronic cleaning solvents are used at several phases of electronics equipment manufacturing, such as servicing, repair, production, etc. The growing automation and digitalization will steer the growth of the electronics industry, which, in turn, is expected to fuel the growth of the global electronic cleaning solvents market over the estimated timeline. Increasing population and rising incomes of the middle-class groups are other major factors predicted to drive the electronic cleaning solvents market globally in the future. However, the growth of the substitute market might restrain the global electronic cleaning solvents market in the years ahead. Nonetheless, the rapid expansion of the electronics industry including consumer and industrial electronics is among the major driving factors of the electronic cleaning solvents market.

Global Electronic Cleaning Solvents Market

By product type, the market for electronic cleaning solvents can be segmented into glycols and glycol ethers, brominated solvents, fluorinated solvents, light petroleum distillates, and formulated hydrocarbon solvents. Based on the cleaning process, the electronic cleaning solvents market can be classified into the semi-aqueous process, separated co-solvent process, mixed co-solvent process, a vacuum cleaning process, and vapor phase degreaser process.

The regional segmentation of the global electronic cleaning solvents market includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America was the largest market for electronic cleaning solvents in 2018 and held the largest market share in terms of both revenue and volume. 

Some key players of the global electronic cleaning solvents market are Honeywell International, LyondellBasell Industries, Albemarle Corporation, Miller-Stephenson Chemical Co., A. W. Chesterton Company, Aervoe, Electrolube, Fujifilm NDT Systems, LPS Laboratories, 3M Company, CRC Industries, BASF, Dow Chemical, and Permatex, among others.


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