Electronics Cleaning Solvents Market

Electronics Cleaning Solvents Market Analysis and Forecast by Product, Cleaning Process, Region, and Country, 2023–2033

Environmental Concerns Boost the Adoption of Green Electronic Cleaning Solvents

Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01118 Format: PDF Pages: 300

Electronics Cleaning Solvents Industry Outlook

As per rigorous research by ChemView Consulting, our analysts forecast that the global electronics cleaning solvents market is expected to reach a valuation of USD 2688.6 million and will grow at a 5.4% CAGR during 2023 to 2033.

Key Findings on the Electronics Cleaning Solvents Market

  1. Which is the largest market for the electronics cleaning solvents?

The biggest market for electronics cleaning solvents is North America. As per our analysis, North America holds nearly 28.3% of the industry share.

  1. What is the largest product segment within the market?

As per ChemView Consulting, the largest segment by product is fluorinated solvents. As per our analysis, this segment accounts for nearly 64.8% of total revenues.

  1. At what rate is the industry size expected to grow?

The electronics cleaning solvents market is expected to grow at a CAGR of 5.4% during the period 2023–2033.

  1. What are the major trends influencing the industry growth?
  • Lead-Free Soldering: The shift to lead-free soldering in electronics manufacturing requires the use of specialized cleaning solvents to assure reliability and conformity with industry standards.
  • R&D and Innovation: Research and development efforts are ongoing to provide more efficient and effective cleaning solvents, with an emphasis on sustainability and performance.
  1. Who are the leading players in the electronics cleaning solvents market?

The key companies in the market scenario are Entegris, Inc., MicroCare, Merck, Miller-Stephenson, Inc., Honeywell International Inc., A.W. Chesterton Company, Albemarle Corporation, LyondellBasell Industries Holdings B.V., Electrolube, 3M Company, Fujifilm NDT Systems, Dow Chemical, LPS Laboratories, CRC Industries, BASF, Permatex, Aervoe Industries, Inc., Eastman Chemical Company, Solvay SA, Invista, The Chemours Company, A.W. Chesterton Company, Arkema SA, Corbion N.V., Oxea GmbH, LCY Chemicals Corp., and HK Wentworth Ltd.

Key Drivers for Electronics Cleaning Solvents Market Demand

  • The increasing use of electronic devices such as smartphones, tablets, laptops, and IoT devices drives the demand for effective electronics cleaning solvents to maintain and extend the lifespan of these gadgets.
  • In addition, electronics consumers and manufacturers are becoming more aware of the necessity of cleanliness in electronics for increased performance and lifetime, which increases demand for effective cleaning solutions.
  • Moreover, the trend towards smaller and more advanced electronic components raises the need for precision cleaning, boosting demand for specialized cleaning solvents.
  • Furthermore, as electronics manufacturing technology advances, there is an increasing demand for more efficient and ecologically friendly cleaning solvents to achieve the demanding cleanliness standards necessary in modern electronics production.

Key Challenges Inhibiting Demand for Electronics Cleaning Solvents

  • Electronics cleaning solvents are frequently made up of expensive and specialized chemicals. Competitive pricing pressure in the market can have an impact on profit margins and lead to lower profitability, particularly if cheaper alternatives or substitutes become available.
  • Moreover, alternative cleaning methods and products, such as dry-cleaning technology and non-chemical solutions, could pose a threat to the traditional cleaning solvent business.

Key Challenges & Opportunities for Electronics Cleaning Solvents Manufacturers

  • Balancing the need for effective cleaning with safety concerns can be difficult. Some strong solvents may provide improved cleaning performance but may potentially threaten workers’ health and safety.
  • However, customized cleaning solutions that cater to the special needs of diverse industries, such as automotive, medical, or aerospace, can be a lucrative market niche.

Country/Region-wise Insights

US Electronics Cleaning Solvents Market Forecast 

  • The growing use of modern electronic technologies in the US market is projected to observe significant growth in the estimated period. The US market is likely to account for a leading share of the global industry.
  • Additionally, the growing consumer base, along with a thriving e-commerce industry, is increasing demand for electronic devices. As a result, the demand for reliable and high-quality electronics cleaning solutions is increasing to ensure that these devices satisfy the required performance criteria.

Europe Electronics Cleaning Solvents Business Outlook 

  • Strict environmental rules and the demand for eco-friendly cleaning solutions in the Europe market are anticipated to drive sales in the market over the assessment period.
  • In addition, the expanding use of electronics in a variety of industries, including automotive, healthcare, and consumer electronics, is increasing the demand for cutting-edge cleaning solvents.

Japan Electronics Cleaning Solvents Market Analysis

  • An increase in the demand for high-performance electronic components that require meticulous cleaning to maintain their functionality and longevity in the Japanese market is anticipated to drive the market over the forecasted period.
  • Additionally, environmental concerns and laws are driving the use of eco-friendly cleaning solutions, providing opportunities for innovative and sustainable products to enter the market.

China & India Electronics Cleaning Solvents Industry Forecast

  • Strict environmental rules and an increasing awareness of the need for environmentally friendly cleaning solutions in China & India are anticipated to fuel the market over the forecast period.
  • In addition, the burgeoning middle class and their rising disposable incomes lead to increased consumption of electronic products, driving demand for high-quality cleaning solvents even higher.

Electronics Cleaning Solvents Market Outlook & Forecast by Segmentation

By Product 

Based on the product, the fluorinated solvents segment is set to account for 64.8% of the industry share over the assessment period. The growth is because fluorinated solvents have excellent cleaning properties and can effectively remove various types of contaminants, such as flux residues, oils, greases, and other contaminants, from electronic components and assemblies. This efficiency is critical in the electronics business, where cleanliness and dependability are critical.

Furthermore, fluorinated solvents have low surface tension, allowing them to easily penetrate and clean tight spaces such as delicate electronic components. This feature is especially significant in the electronics industry, where miniaturization and the need for precision cleaning are common.

By Cleaning Process

Based on the cleaning process, the vapor phase degreasers segment is expected to remain at the forefront of electronics cleaning solvents market share over the assessment period. The growth is mainly because vapor phase degreasers are extremely effective at removing impurities from electronic components. They use a vaporized solvent that condenses on the components, dissolving and eliminating impurities effectively. This meticulous cleaning procedure is essential for delicate electronic equipment.

In addition, electronic components are becoming more miniaturized and advanced. Vapor phase degreasers may clean complex parts with precision and remove even the smallest pollutants. This is critical for the functionality and durability of electronic equipment.

Which Company Owns the Largest Share in the Electronics Cleaning Solvents Market?

The key companies in the business landscape are Entegris, Inc., MicroCare, Merck, Miller-Stephenson, Inc., Honeywell International Inc., A.W. Chesterton Company, Albemarle Corporation, LyondellBasell Industries Holdings B.V., Electrolube, 3M Company, Fujifilm NDT Systems, Dow Chemical, LPS Laboratories, CRC Industries, BASF, Permatex, Aervoe Industries, Inc., Eastman Chemical Company, Solvay SA, Invista, The Chemours Company, A.W. Chesterton Company, Arkema SA, Corbion N.V., Oxea GmbH, LCY Chemicals Corp., and HK Wentworth Ltd.

Recent Developments:

  • In January 2023, Entegris, Inc., a prominent provider of sophisticated materials and process solutions to the semiconductor and other high-tech sectors, announced plans to expand production and cleaning capacity at its Pueblo, Colorado, and Hollister, California, plants to handle the projected rise in demand for its electronic chemicals business.
  • In July 2021, Merck, a multinational pharmaceutical corporation based in the United States, announced the official launch of a new line of complimentary green solvents for use in photolithographic processes in semiconductor production.
  • In August 2020, MicroCare, the world’s largest manufacturer of high-performance fluids and products, announced its Stereze line of alcohol-based cleaning solutions, maintaining that they may be used safely on electronics, plastic, and metal.

As per our analysis, the companies that hold the largest share of the electronics cleaning solvents market

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The Dow Chemical Company

Founded in 1897 and with headquarters in Midland, Michigan, United States, the firm is one of the world’s top chemical makers.


Founded in 1865 and with headquarters in Ludwigshafen, Germany, it is a multinational corporation and the world’s largest chemical producer.

Honeywell International, Inc.

Established in 1906 with headquarters in Charlotte, North Carolina, United States, it is a publicly traded international conglomerate corporation.

Solvay SA

Founded in 1863 and located in Brussels, Belgium, it is a worldwide chemical corporation.

CRC Industries

Founded in 1958 and with headquarters in Horsham Township, it is a producer and distributor of industrial chemicals.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

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The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, and every insight is designed to catalyze growth. Partner with us, and let’s co-create the future of your business.


The electronics cleaning solvents market is projected to reach a significant value of USD 2688.6 million by 2033, driven by a robust 5.4% CAGR during the period 2023–2033. Key industry players actively contributing to its growth are Entegris, Inc., MicroCare, Merck, Miller-Stephenson, Inc., Honeywell International Inc., A.W. Chesterton Company, Albemarle Corporation, LyondellBasell Industries Holdings B.V., Electrolube, 3M Company, Fujifilm NDT Systems, Dow Chemical, LPS Laboratories, CRC Industries, BASF, Permatex, Aervoe Industries, Inc, Eastman Chemical Company, Solvay SA, Invista, The Chemours Company, A.W. Chesterton Company, Arkema SA, Corbion N.V., Oxea GmbH, LCY Chemicals Corp., and HK Wentworth Ltd. The largest market segment by product is fluorinated solvents, while North America emerges as the dominant region in this market.

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1.1. Global Market Outlook

1.2. Technology Roadmap

1.3. Supply and Demand Side Trends

1.4. Strategic Success Factors

1.5. Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

2.3. Inclusions & Limitations

3.1. Supply Side Overview

3.2. Demand Side Overview

4.1. Macroeconomic Factors

4.2. Forecast Factors

4.3. PEST Analysis

4.4. Porter’s Five Forces

4.5. Value Chain Analysis

4.6. Market Dynamics

4.6.1. Drivers

4.6.2. Restraints

4.6.3. Opportunities

4.7. Patent Analysis

4.8. Trade Analysis

4.9. Investment Feasibility Matrix

4.10. Challenges for New Entrants

4.11. Regulations Overview

4.12. Covid-19 Impact Assessment

4.12.1. Economy/Cluster Projections

4.12.2. Covid-19 Economic Assessment

4.12.3. Potential Impact on Target Market

4.12.4. Recovery Scenario

5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis

5.2. Demand Y-o-Y Growth Rate Analysis

5.3. Total $ Opportunity Analysis

5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis

6.1. Regional Pricing Analysis By Source

6.2. Regional Price Forecast

6.3. Profit Margin Analysis

6.4. Future Price Impact Factors

7.1. Introduction

7.2. Market Trends

7.3. Historical Market Analysis and Market Forecast Analysis

7.3.1. Formulated Hydrocarbon Solvents

7.3.2. Glycols & Glycol Ethers

7.3.3. Fluorinated Solvents

7.3.4. Brominated Solvents

7.3.5. Light Petroleum Distillates

7.4. Market Attractiveness Analysis

8.1. Introduction

8.2. Market Trends

8.3. Historical Market Analysis and Market Forecast Analysis

8.3.1. Vapor Phase Degreasers

8.3.2. Vacuum Cleaning

8.3.3. Mixed Co-solvents

8.3.4. Separated Co-solvents

8.3.5. Semi-aqueous

8.4. Market Attractiveness Analysis

9.1. Introduction

9.2. Market Trends

9.3. Historical Market Analysis and Market Forecast Analysis

9.3.1. North America

9.3.2. Latin America

9.3.3. Western Europe

9.3.4. Eastern Europe

9.3.5. East Asia

9.3.6. South Asia Pacific

9.3.7. Middle East & Africa

9.4. Market Attractiveness Analysis by Region

10.1. Introduction

10.2. Key Market Trends

10.3. Pricing Analysis

10.4. Historical Market Analysis and Market Forecast Analysis

10.4.1. By Country The U.S. Canada

10.4.2. By Product

10.4.3. By Cleaning Process

10.5. Market Attractiveness Analysis

10.5.1. By Country

10.5.2. By Product

10.5.3. By Cleaning Process

10.6. Market Participants Presence Mapping

11.1. Introduction

11.2. Key Market Trends

11.3. Pricing Analysis

11.4. Historical Market Analysis and Market Forecast Analysis

11.4.1. By Country Brazil Mexico Rest of L.A.

11.4.2. By Product

11.4.3. By Cleaning Process

11.5. Market Attractiveness Analysis

11.5.1. By Country

11.5.2. By Product

11.5.3. By Cleaning Process

11.6. Market Participants Presence Mapping

12.1. Introduction

12.2. Key Market Trends

12.3. Pricing Analysis

12.4. Historical Market Analysis and Market Forecast Analysis

12.4.1. By Country Germany Italy France U.K. Spain BENELUX Nordics Rest of Western Europe

12.4.2. By Product

12.4.3. By Cleaning Process

12.5. Market Attractiveness Analysis

12.5.1. By Country

12.5.2. By Product

12.5.3. By Cleaning Process

12.6. Market Participants Presence Mapping

13.1. Introduction

13.2. Key Market Trends

13.3. Pricing Analysis

13.4. Historical Market Analysis and Market Forecast Analysis

13.4.1. By Country Poland Russia Baltics Balkans Rest of Eastern Europe

13.4.2. By Product

13.4.3. By Cleaning Process

13.5. Market Attractiveness Analysis

13.5.1. By Country

13.5.2. By Product

13.5.3. By Cleaning Process

13.6. Market Participants Presence Mapping

14.1. Introduction

14.2. Key Market Trends

14.3. Pricing Analysis

14.4. Historical Market Analysis and Market Forecast Analysis

14.4.1. By Country China Japan South Korea

14.4.2. By Product

14.4.3. By Cleaning Process

14.5. Market Attractiveness Analysis

14.5.1. By Country

14.5.2. By Product

14.5.3. By Cleaning Process

14.6. Market Participants Presence Mapping

15.1. Introduction

15.2. Key Market Trends

15.3. Pricing Analysis

15.4. Historical Market Analysis and Market Forecast Analysis

15.4.1. By Country India ASEAN ANZ Rest of SAP

15.4.2. By Product

15.4.3. By Cleaning Process

15.5. Market Attractiveness Analysis

15.5.1. By Country

15.5.2. By Product

15.5.3. By Cleaning Process

15.6. Market Participants Presence Mapping

16.1. Introduction

16.2. Key Market Trends

16.3. Pricing Analysis

16.4. Historical Market Analysis and Market Forecast Analysis

16.4.1. By Country GCC Countries Turkey South Africa Rest of MEA

16.4.2. By Product

16.4.3. By Cleaning Process

16.5. Market Attractiveness Analysis

16.5.1. By Country

16.5.2. By Product

16.5.3. By Cleaning Process

16.6. Market Participants Presence Mapping

17.1. Market Concentration Analysis

17.2. Tier Structure Breakdown

17.3. Market Share Analysis

17.4. Production Capacity Analysis

17.5. Key Strategies Adopted by Top Players

17.6. Start-up Ecosystem

17.6.1. New Player Entry

17.6.2. Strategies Adopted by New Players

17.7. Company Footprint Analysis

17.7.1. Vehicle Type Footprint

17.7.2. Regional Footprint

17.8. Competitive Dashboard

18.1. Entegris, Inc.

18.1.1. Company Overview

18.1.2. Product Portfolio

18.1.3. Locations

18.1.4. Financial Analysis

18.1.5. Recent Developments

18.1.6. SWOT Analysis

18.1.7. Strategy Overview

18.2. MicroCare

18.3. Merck

18.4. Miller-Stephenson, Inc.

18.5. Honeywell International Inc.

18.6. A.W. Chesterton Company

18.7. CRC Industries

18.8. Albemarle Corporation

18.9. LyondellBasell Industries Holdings B.V.

18.10. Electrolube

18.11. 3M Company

18.12. Fujifilm NDT Systems

18.13. Dow Chemical

18.14. LPS Laboratories

18.15. BASF

18.16. Permatex

18.17. Aervoe Industries, Inc

18.18. Eastman Chemical Company

18.19. Solvay SA

18.20. Invista

18.21. The Chemours Company

18.22. A.W. Chesterton Company

18.23. Arkema SA

18.24. Corbion N.V.

18.25. Oxea GmbH

18.26. LCY Chemicals Corp.

18.27. HK Wentworth Ltd.