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Electronic Cleaning Solvents Market Share

Report ID: GMI1313
Published Date: Dec 2024
Report Format: PDF

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Electronic Cleaning Solvents Market Share

Electronic Cleaning Solvents Market Company Share, (2024)

In the electronic cleaning solvents industry, 3M stands out for its extensive product portfolio, including advanced cleaning solutions and strong global distribution channels, making it a leader in precision cleaning. Aervoe Industries offers a range of cleaning products targeting electronics maintenance, leveraging strong market penetration with aerosol solutions. Arkema SA specializes in high-performance solvents, particularly fluorinated alternatives, providing eco-friendly options that cater to stringent environmental regulations. BASF SE offers a broad spectrum of solvents, focusing on sustainable and high-efficiency solutions, with a strong emphasis on R&D and innovation.

CRC Industries excels in providing cleaning products for industrial and electronic sectors, with a focus on precision and performance. Eastman Chemical is known for its specialty solvents, catering to diverse electronics cleaning needs while emphasizing sustainability and minimal environmental impact. HK Wentworth delivers a range of solvent-based cleaning products, focusing on the performance and reliability required in electronics manufacturing and maintenance. These companies remain competitive by focusing on innovation, sustainability, and diverse product offerings.

Electronic Cleaning Solvents Market Companies

Major players operating in the electronic cleaning solvents industry are:

3M
Aervoe Industries
Arkema SA
BASF SE
CRC Industries
Eastman Chemical
HK Wentworth
Honeywell International
Solvay SA
The Chemours
The Dow Chemical

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for electronic cleaning solvents was valued at USD 1.3 billion in 2024 and is projected to reach USD 2.2 billion by 2034, driven by a CAGR of 5.7% during the forecast period.

Fluorinated solvents accounted for over USD 392.2 million in 2024 and are expected to grow at a CAGR of 6% from 2025 to 2034, driven by their superior cleaning performance and compliance with environmental regulations.

China's market was valued at over USD 229.9 million in 2024 and is expected to grow at a CAGR of 4.5% during the forecast period, driven by its position as a global electronics manufacturing hub and advancements in high-tech industries.

Major players in the market include 3M, Aervoe Industries, Arkema SA, BASF SE, CRC Industries, Eastman Chemical, HK Wentworth, Honeywell International, Solvay SA, The Chemours, and The Dow Chemical.