Electronics Cleaning Solvent Market Size, Trends & Analysis - Forecasts to 2026 By Product Type (Formulated Hydrocarbon Solvents, Glycols & Glycol Ethers, Fluorinated Solvents, Brominated Solvents, and Light Petroleum Distillates), By Cleaning Process Type (Vapor Phase Degreaser, Vacuum Cleaning, Mixed Co-solvent, Separated Co-solvent, Semi-aqueous, and Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis and Competitor Analysis
Electronics Cleaning Solvents Market Insights
The electronics cleaning market will register a tremendous growth rate due to the growing usage of electronic products. Cleaning has become an essential part of electronics manufacturing, followed at every step. The growth of the electronics cleaning solvents industry is associated with the increased demand for essential cleaning and maintenance in electronics manufacturing. Cleaning solvents are used before stenciling and soldering for cleaning excess soldering. The cleaning solvents come as fast drying solvents used for efficient and quick cleaning of electronic components. These cleaning solvents are residue-free, eliminating all forms of dirt and grease, and able to evaporate faster. The expansion of the electronics sector has considerably provided a push to the cleaning solvents industry, with realizing the boosted importance of chemical cleaning in the procedure of reworking, repairing, and assembling printed circuit boards, etc. This makes to enhance product reliability and adding value to the product for further assembly steps. The cleaning solvents play a crucial role in cleaning residues as these eliminate the further problems of corrosion and short circuit.
In order of achieving good insulation resistance and enhancing the life span of circuits, cleaning chemicals must be utilized. These are fast drying solvents when utilized effectively helps in the quick cleaning of electronic components. The cleaning solvents are highly flammable not to be used for live equipment, completely residue-free, eliminated all types of dust, greases, and fluxes. However, the widespread use of chlorofluorocarbons and hydro-fluoro ether as a substitute to the electronic solvents has led to a downfall in the growth of electronic cleaning solvents as these require effective storage techniques that add to the cost of using electronic solvents. Yet the growth of the electronics industry has increased the use of electronic cleaning solvents at any stage of electronic devices manufacturing to repair and service has boosted the demand for cleaning solvents. With the digital revolution across the globe, we have witnessed development and advancement in technology and the widespread adoption of electronic gadgets in daily life has boosted the applicability of the electronic cleaning solutions market.
Electronics Cleaning Solvents Market: By Product Type
Based on the product type analysis, the market is segregated into formulated hydrocarbon solvents, light petroleum distillates solvents, glycols & glycol ethers, brominated solvents, and fluorinated solvents among others. The fluorinated solvents are used widely holding the largest share of the market by product type followed by light petroleum distillates. These solvents are used widely for cleaning electronics due to their fast-drying properties making the cleaning process very effective widely used for electronic manufacturing used for efficient and quick learning purposes.
Electronics Cleaning Solvents Market: By Cleaning Process Type
Based on the cleaning process type, the market is segmented into vapor phase degreaser, vacuum cleaning, mixed co-solvent, separated co-solvent, semi-aqueous, and Others. The vapor phase degreaser process is used widely for electronics cleaning followed by vacuum cleaning, the application of electronic cleaning solvents is extensively utilized owing to its wide-ranging features and effective results of cleaning used by various end-users, at the different process of manufacturing and repair units.
Electronics Cleaning Solvents Market: By Region
The Asia Pacific region held the dominating position for the cleaning solvent market worldwide, as the region has a well-known electronic industry, hence fuelling the demand for the cleaning solvent market complementary to the technological advancement and growth of the electronic manufacturing industry accompanied with the expansion of the automotive and electronics industry at a steady rate. The region also records a high level of sales for the market and emerging as a prominent consumer of the related goods The growing usage of electronic products in developing economies such as India, and China is supporting the market growth. The presence of leading electronic manufacturers such as LG, Samsung, Lenovo, and Panasonic among others.
The North American region and Europe are also expected to expand for the coming forecasted period owing to the presence of large-scale electronic companies and the high rate of production of modern electronic devices supplied to the rest of the world. With the presence of go with technology and infrastructure. The U.S. is a technologically developed country offering modern equipment and devices to the world.
Electronics Cleaning Solvents Market Share and Competitor Analysis
Solvay SA, Albemarle Corporation, CRC Industries, LyondellBasell Industries Holdings B.V., Permatex, The Dow Chemical Company, Vantage Specialty Chemicals Inc., Eastman Chemical Company, Aervoe Industries Inc., HK Wentworth Ltd, A.W. Chesterton Company, Arkema SA, Invista, Asahi Glass Co. Ltd., Chevron Philips Chemical Company, The Chemours Company, Godavari Biorefineries Ltd., Honeywell International Inc., Corbion N.V., and BASF SE, are the major vendors involved in developing and manufacturing electronics cleaning solvents.
Please note: This is not an exhaustive list of companies profiled in the report.
In 2019, The Dow Chemical Company, the company promised sustainable innovations for the wellbeing of society and humanity.
In 2020, The Eastman Chemical Company has announced a new start-up unit in China.
In 2020, The Eastman Chemical Company launched world-scale plastic-to-plastic molecular recycling technology.
In February 2020, Honeywell International Inc. and Idemia announced building solutions and strategic alliances to develop intelligent building offering.
In 2020, CRC Industries launched a new technology for developing cleaner and degreaser for multi-use automotive parts.
The manufacturers globally are also focusing on producing better quality products, and also while adhering to the environmental regulations established by the government. Achieving the product goal with a minimum contribution to global warming by producing desirable featured products of minimal ozone depletion.
Check the Press Release on Electronics Cleaning Solvent Market Report
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The Global Electronics Cleaning Solvent Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Electronics Cleaning Solvent Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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