Industrial Cleaning Solvent Market Size - By Type (Hydrocarbon Solvents, Oxygenated Solvents, Bio-Based Solvents, Chlorinated Solvents), By Application, By End-Use Industry & Forecast, 2024 – 2032

Industrial Cleaning Solvent Market Size

Industrial Cleaning Solvent Market size was valued at USD 1.35 billion in 2023 and is anticipated to register a CAGR of over 4.7% between 2024 and 2032. The market encompasses the segment of hydrocarbon solvents witnessing a surge in demand across various industries owing to its versatile applications. Hydrocarbon solvents are widely utilized in the market due to their excellent cleaning capabilities, compatibility with a wide range of surfaces and materials, and relatively low cost compared to alternative solvents.
 

These solvents, derived from petroleum or natural gas, offer efficient removal of oils, greases, dirt, and other contaminants from industrial equipment, machinery, and surfaces. They are commonly used in applications such as degreasing, parts cleaning, metalworking, and electronic cleaning, where thorough and effective cleaning is essential for maintaining equipment performance and ensuring product quality. Additionally, hydrocarbon solvents often exhibit favorable safety profiles, with low volatility and reduced flammability compared to some other solvent types, making them suitable for use in various industrial environments.
 

In recent years, there has been a growing emphasis on sustainability and environmental stewardship across industries, leading to increased scrutiny of solvent usage and its potential environmental impact. This trend has influenced the industrial cleaning solvent market, prompting a shift towards more environmentally friendly alternatives such as bio-based solvents, water-based cleaners, and solvent blends with lower volatile organic compound (VOC) emissions. Regulatory initiatives aimed at reducing solvent emissions and promoting safer, eco-friendly cleaning practices have further accelerated this transition.
 

As a result, manufacturers in the industrial cleaning solvent market are increasingly focusing on developing and offering sustainable solutions to meet evolving customer demands and regulatory requirements, thereby shaping the future trajectory of the market towards greater sustainability and environmental responsibility.
 

Volatility in raw material prices poses a significant restraint on the industrial cleaning solvent market. Fluctuations in the prices of key raw materials such as petroleum-derived solvents, plant-based oils, and specialty chemicals can disrupt supply chains and affect production costs for solvent manufacturers. This volatility makes it challenging for companies to maintain stable pricing structures and margins, leading to uncertainty for both producers and consumers.
 

Additionally, sudden spikes in raw material prices can erode profitability and competitiveness, especially for smaller manufacturers with limited resources to absorb cost increases. Moreover, the uncertainty surrounding raw material prices hampers long-term planning and investment in research and development for innovative solvent formulations. Overall, the instability in raw material prices adds complexity to the market and requires proactive risk management strategies from industry stakeholders.
 

Industrial Cleaning Solvent Market Trends

In recent years the escalating pace of industrialization and burgeoning manufacturing activities globally is propelling the demand for industrial cleaning solvents to unprecedented levels. As industries expand their operations to meet growing consumer needs, the imperative for stringent cleanliness standards becomes increasingly paramount. Industrial cleaning solvents play a pivotal role in ensuring the maintenance of immaculate production environments, safeguarding against contaminants that could compromise product quality or worker safety.
 

Moreover, the rise of sophisticated manufacturing processes necessitates the utilization of specialized solvents tailored to address intricate cleaning requirements, further fueling market growth. This surge in demand is not only attributed to existing industrial sectors but also to emerging industries harnessing advanced technologies, such as semiconductor manufacturing and renewable energy production. Consequently, industrial cleaning solvent manufacturers are poised to capitalize on these evolving dynamics, driving innovation and product development to meet the escalating needs of a rapidly industrializing world.
 

Furthermore, the increasing demand for precision cleaning solutions in industrial cleaning solvents is emerging as a key driver in today's market landscape. Industries ranging from electronics manufacturing to aerospace engineering require meticulous cleaning processes to ensure the integrity and functionality of sensitive components. This demand is fueled by the growing complexity and miniaturization of industrial equipment, where even minute contaminants can compromise performance.
 

Precision cleaning solutions offer tailored formulations designed to remove specific types of residues, oils, and contaminants without causing damage or leaving behind residues. As industries continue to push the boundaries of precision and reliability, the need for advanced cleaning technologies will only intensify, making precision cleaning solutions a vital component in ensuring product quality, reliability, and compliance with stringent regulatory standards. This trend underscores the pivotal role that precision cleaning solutions play in driving efficiency, productivity, and innovation across diverse industrial sectors, thereby shaping the trajectory of the market.
 

Industrial Cleaning Solvent Market Analysis

Based on type, the market is divided into hydrocarbon solvents, oxygenated solvents, bio-based solvents, chlorinated solvents and others. Hydrocarbon solvents held the dominant market share of USD 580 million in 2023. Hydrocarbon solvents dominate the industrial cleaning solvent market due to their versatility, effectiveness, and wide range of applications across various industries. These solvents are adept at dissolving oils, greases, and other organic contaminants, making them indispensable in cleaning processes for machinery, equipment, and surfaces in manufacturing plants, automotive workshops, and aerospace facilities.
 

Additionally, hydrocarbon solvents find extensive use in degreasing, parts cleaning, and solvent-based extraction processes, catering to the diverse needs of industries such as automotive, metalworking, electronics, and printing. Their ability to deliver superior cleaning performance while adhering to stringent regulatory standards further solidifies their position as the preferred choice for industrial cleaning applications worldwide.
 

Based on application, the industrial cleaning solvent market is categorized into commercial laundry, general & medical device cleaning, food cleaners, metal cleaners and others. Commercial laundry accounted for 37% market share in 2023 and is projected to grow through 2032. Commercial laundry dominates the industrial cleaning solvent sector due to the vast volume of textiles and linens processed daily by hotels, hospitals, restaurants, and other establishments. Solvents play a crucial role in effectively removing stains, odors, and contaminants from fabrics, ensuring hygiene and prolonging the lifespan of textiles.
 

Additionally, the commercial laundry sector benefits from advancements in solvent technology, offering environmentally friendly alternatives that meet stringent regulatory requirements while maintaining high cleaning efficacy. The scalability and efficiency of solvent-based cleaning processes make them indispensable for managing the large-scale demands of commercial laundry operations.
 

Based on end-use industry, in the industrial cleaning solvent market, the segmentation based on end-use includes healthcare, manufacturing and commercial offices, automotive, retail & food services, aerospace and others. Healthcare dominates the market due to stringent cleanliness and infection control standards in medical facilities. The demanding requirements for sterilization and disinfection necessitate the use of specialized solvents capable of effectively removing pathogens and contaminants from medical equipment, surfaces, and environments.
 

These solvents play a critical role in maintaining hygienic conditions in hospitals, clinics, laboratories, and pharmaceutical manufacturing facilities, safeguarding patient health and reducing the risk of healthcare-associated infections. Additionally, the increasing emphasis on healthcare quality and safety further drives the demand for advanced cleaning solvents tailored to meet the unique needs of the healthcare industry.
 

North America industrial cleaning solvent market generated a revenue of USD 480 million in 2023, due to its robust industrial base, stringent regulatory environment, and high demand across various sectors. The region boasts significant manufacturing, automotive, aerospace, and healthcare industries, all of which require extensive cleaning processes and products.
 

Additionally, North America's emphasis on workplace safety, environmental protection, and product quality drives the adoption of advanced cleaning solvents. The presence of leading manufacturers and suppliers, coupled with investments in research and development, further strengthens the region's position in the market. Moreover, North America's mature economy and technological advancements contribute to its dominance in offering innovative solutions tailored to evolving industrial cleaning needs.
 

Industrial Cleaning Solvent Market Share

Arkema, Ashland, Dow, Eastman Chemical Company and Enviro Tech International, Inc collectively dominate the industrial cleaning solvent industry with their extensive industry experience, innovative product offerings, and widespread global presence. Arkema is a global leader in providing innovative solutions for industrial cleaning solvents. With a focus on sustainability and performance, Arkema offers a range of solvent-based products tailored to meet the diverse needs of industries such as manufacturing, automotive, healthcare, and aerospace. Their commitment to research and development ensures the delivery of high-quality solvents that adhere to stringent regulatory standards while effectively addressing cleaning challenges.
 

Ashland is a leading global supplier of specialty chemicals and solutions, including industrial cleaning solvents. Leveraging its expertise in chemistry and innovation, Ashland offers a range of high-performance solvents tailored to meet the diverse needs of industrial cleaning applications. With a commitment to sustainability and customer satisfaction, Ashland continues to drive advancements in solvent technology to enhance cleaning efficiency and environmental responsibility.
 

Dow Chemical Company is a prominent player in the market, offering a diverse portfolio of solvent solutions tailored to various industries. Leveraging its expertise in chemical manufacturing and innovation, Dow provides high-performance solvents that meet stringent regulatory requirements while delivering superior cleaning efficacy. With a commitment to sustainability and customer-centric solutions, Dow continues to be a trusted partner for industrial cleaning needs worldwide. Eastman Chemical is a prominent player in the industrial cleaning solvent market, offering a range of high-quality solvents tailored to meet diverse industrial needs.
 

Leveraging their expertise in chemical engineering and innovation, Eastman Chemical provides effective solutions for degreasing, parts cleaning, and surface preparation applications. Their commitment to sustainability and product safety ensures that customers receive reliable and environmentally responsible cleaning solutions. Enviro Tech International, Inc. specializes in providing cutting-edge industrial cleaning solvents that are environmentally friendly and highly effective. Their innovative formulations address the stringent cleaning requirements of various industries while prioritizing sustainability and regulatory compliance.
 

Enviro Tech's commitment to research and development ensures the continual advancement of their product offerings to meet the evolving needs of the industrial cleaning market. With a commitment to innovation and sustainability, the company plays a pivotal role in driving the growth and advancements in the market, further solidifying its position as a key player in the market.
 

These market leaders collectively shape the competitive landscape of the industrial cleaning solvent market, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of industrial cleaning solvent, contributing significantly to the growth and development of the global construction industry.
 

Industrial Cleaning Solvent Market Companies

Major companies operating in the industrial cleaning solvent industry include:

• Arkema
• Ashland
• Dow
• Eastman Chemical Company
• Enviro Tech International, Inc
• Exxon Mobil Corporation
• LyondellBasell Industries Holdings B.V.
• Shell Plc
• Solvay
   

Industrial Cleaning Solvent Industry News

• In May 2023, BASF has started new production site for methan sulfonic acid at its Ludwigshafen Verbund site.
   
• In February 2023, Eastman Chemical Company completed the expansion of its amine capacity, from this expansion its Ghent manufacturing site became a largest tertiary amine facility in entire globe.
   

The industrial cleaning solvent market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Type

• Hydrocarbon Solvents
• Oxygenated Solvents
• Bio-Based Solvents
• Chlorinated Solvents
• Others

Market, By Application

• Commercial Laundry
• General & Medical Device Cleaning
• Food Cleaners
• Metal Cleaners
• Others

Market, By End-Use Industry

• Healthcare
• Manufacturing and Commercial Offices
• Automotive
• Retail & Food Services
• Aerospace
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA