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Electronic Cleaning Solvents Market Trends

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

Electronic Cleaning Solvents Market Trends

The electronic cleaning solvents industry is currently experiencing a shift towards more environmentally friendly and sustainable products. As regulatory pressure increases to reduce the use of hazardous chemicals, there is a growing demand for solvents with lower toxicity and fewer volatile organic compounds (VOCs). Fluorinated and aqueous-based solvents are gaining popularity due to their high efficiency and reduced environmental impact. Additionally, the market is seeing a rise in advanced cleaning technologies, such as vapor phase degreasing and semi-aqueous processes, which provide superior cleaning performance while minimizing solvent usage. The growing miniaturization of electronic components, especially in consumer electronics, telecommunications, and medical devices, is driving the need for precision cleaning solutions. This trend is expected to continue as industries prioritize cleaner, more sustainable manufacturing processes.
 

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.

Electronic Cleaning Solvents Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 11
  • Tables & Figures: 165
  • Countries covered: 18
  • Pages: 235
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