Electronic Cleaning Solvents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

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Report Code: ZMR-3447 | Report Format : | Status : Upcoming |

Abstract

Global Electronic Cleaning Solvents Market: Overview

The consumers’ preference for using high-tech electronic devices has seen an exponential growth in recent times. This, in turn, has created several opportunities for the manufacturers of the related markets. The electronic cleaning solvents market is one such market. These solvents ensure efficient and effective cleaning of the various electronic parts. In addition, electronic device manufacturers increasingly prefer the electronic cleaning solvents, as they can be used at various stages of electronic devices production.

Global Electronic Cleaning Solvents Market: Growth Factors

The major growth driver in the global electronic cleaning solvents market is the rapid expansion of the electronics industry, both for consumer and industrial electronic devices. This rapid development of the electronics industry fuels the need to manufacture and maintain various electronic parts, thereby propelling the expansion of the global electronic cleaning solvents market. The increasing rate of digitization and automation has boosted the growth of the electronics industry, which, in turn, has contributed to the expansion of the global market for electronic cleaning solvents.

Water-based cleaning solvents, a substitute of the electronic cleaning solvents, is being used extensively due to its various benefits, such as low toxic content, low volatility, etc. The growth of this substitute market might hinder the expansion of the electronic cleaning solvents market.

Global Electronic Cleaning Solvents Market: Segmentation

The global electronic cleaning solvents market can be divided based on product type and cleaning process. On the basis of 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, vacuum cleaning process, and vapor phase degreaser process.

Global Electronic Cleaning Solvents Market: Regional Analysis

Based on regions, the global market for electronic cleaning solvents can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America boasts of high automation levels, especially countries like the U.S., and has well-established electronics manufacturers. Both these factors are expected to make this region a prominent contributor in the global electronic cleaning solvents market in the upcoming years. The Asia Pacific region is anticipated to hold a substantial share in the market for electronic cleaning solvents. This is due to the growing population and increase in the disposable income of the young population, which has augmented the market for electronic devices in the region. Thus, this, in turn, will propel the expansion of the electronic cleaning solvents market. In the European region, there is an increase in the use of electronic devices in trucks and cars, among other commercial automobiles, which are paving the way for the use of electronic cleaning solvents. Hence, this region is projected to show a steady growth rate in this market.

Global Electronic Cleaning Solvents Market: Competitive Players

The key market players of the global market for electronic cleaning solvents include 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 several others.

Global Electronic Cleaning Solvents Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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