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Industrial Cleaning Solvent Market Analysis

  • Report ID: GMI9153
  • Published Date: Apr 2024
  • Report Format: PDF

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.
 

Industrial Cleaning Solvent Market Revenue Share, By Application,  (2023)

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 Size, 2021- 2032 (USD Million)

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.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of industrial cleaning solvent reached USD 1.35 billion in 2023 and will grow at 4.7% CAGR between 2024 and 2032, led by growing emphasis on sustainability and environmental stewardship across industries.

The hydrocarbon solvents type segment recorded USD 580 million in 2023, due to their versatility and effectiveness.

North America industrial cleaning solvent industry generated a revenue of USD 480 million in 2023, owing to its robust industrial base, and stringent regulatory environment.

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

Industrial Cleaning Solvent Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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