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
The biggest market for electronics cleaning solvents is North America. As per our analysis, North America holds nearly 28.3% of the industry share.
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.
The electronics cleaning solvents market is expected to grow at a CAGR of 5.4% during the period 2023–2033.
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
Key Challenges Inhibiting Demand for Electronics Cleaning Solvents
Key Challenges & Opportunities for Electronics Cleaning Solvents Manufacturers
US Electronics Cleaning Solvents Market Forecast
Europe Electronics Cleaning Solvents Business Outlook
Japan Electronics Cleaning Solvents Market Analysis
China & India Electronics Cleaning Solvents Industry Forecast
Electronics Cleaning Solvents Market Outlook & Forecast by Segmentation
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.
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.
Founded in 1863 and located in Brussels, Belgium, it is a worldwide chemical corporation.
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?
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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.
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
4.7. 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
7.2. 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
8.2. 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
8.4. Market Attractiveness Analysis
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
10.2. Key Market Trends
10.3. Pricing Analysis
10.4. Historical Market Analysis and Market Forecast Analysis
10.4.1. By Country
10.4.1.1. The U.S.
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
11.2. Key Market Trends
11.3. Pricing Analysis
11.4. Historical Market Analysis and Market Forecast Analysis
11.4.1. By Country
126.96.36.199. 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
12.2. Key Market Trends
12.3. Pricing Analysis
12.4. Historical Market Analysis and Market Forecast Analysis
12.4.1. By Country
188.8.131.52. 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
13.2. Key Market Trends
13.3. Pricing Analysis
13.4. Historical Market Analysis and Market Forecast Analysis
13.4.1. By Country
184.108.40.206. 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
14.2. Key Market Trends
14.3. Pricing Analysis
14.4. Historical Market Analysis and Market Forecast Analysis
14.4.1. By Country
220.127.116.11. 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
15.2. Key Market Trends
15.3. Pricing Analysis
15.4. Historical Market Analysis and Market Forecast Analysis
15.4.1. By Country
18.104.22.168. 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
16.2. Key Market Trends
16.3. Pricing Analysis
16.4. Historical Market Analysis and Market Forecast Analysis
16.4.1. By Country
22.214.171.124. GCC Countries
126.96.36.199. South Africa
188.8.131.52. 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
18.1.4. Financial Analysis
18.1.5. Recent Developments
18.1.6. SWOT Analysis
18.1.7. Strategy Overview
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.
18.11. 3M Company
18.12. Fujifilm NDT Systems
18.13. Dow Chemical
18.14. LPS Laboratories
18.17. Aervoe Industries, Inc
18.18. Eastman Chemical Company
18.19. Solvay SA
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.