Electronics cleaning solvents are specialized chemicals used to remove dirt, dust, and contaminants from electronic components. These solvents ensure efficient and safe cleaning without damaging sensitive circuits and parts. By eliminating debris and residues, electronic cleaning solvents contribute to improved performance, reliability, and longevity of electronic devices, making them a crucial asset in the electronics industry.
The electronics cleaning solvents market size is constantly advancing, and superior methods and products are being developed to concur with advancements in the electronics field. Electronics cleaning solvents add to the functional quality and longevity of electronic components and products; this has elevated their significance within the electronics industry, while specific solvents also enhance components and devices with increased insulation resistance, further boosting demand for electronics cleaning.
Affordable hydrofluoroethers (HFEs), adept at removing solder flux from circuit boards, are set to boost electronics cleaning solvent demand. Their environmental benefits over chlorinated solvents and HCFCs are driving the market. The global electronics cleaning solvent market is forecasted to grow at a CAGR of 5.8% from 2022 to 2029.
“Stringent regulatory environmental norms have compelled manufacturers to focus on products that result in minimal ozone depletion and contribution to global warming. One such product type, fluorinated solvents, is witnessing significant demand, and is expected to establish higher prominence in the electronics cleaning solvents industry until a better alternative surfaces.”
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Key Takeaways of Electronic Cleaning Solvents Study
- Fluorinated solvents product type is anticipated to grow at a healthier rate. Its market share is projected to increase due to its zero ozone depletion potential, low global warming potential, and high solvency.
- The separated co-solvent process uses formulated hydrocarbon solvents as cleaning solvents, and is extensively used in the PCB industry, owing to the extraordinary cleaning results it provides.
- Formulated hydrocarbon solvents have developed new opportunities in the electronics cleaning solvents market over the years, and the segment is projected to witness strong market growth, supported by rising preference for this type in PCB and electronic industries.
- APEJ and Japan, together, have established a lion’s share in the electronics cleaning solvents market, owing to the expanding electronics and electrical industry in the region. Together, the region holds over 70% of the electronics cleaning solvents market share. Moreover, the electronics industry in the region is still at a growing stage, and is anticipated to flourish over the coming years.
- The electronics industry is focusing on electronics miniaturization; hence, nanotechnology and micro electromechanical systems (MEMS) are growing in functionality as well as acceptance in a majority of applications among various industries such as consumer electronics, automotive, aerospace, medical devices, and others.
Market Landscape Moving Towards Fragmentation
The electronics cleaning solvents market, initially concentrated, is now becoming more fragmented due to the competitive and evolving electronics industry landscape. As the number of tier II and III players in the end-use sectors increases, the market is bound to witness an increase in tier II & III manufacturers to cope up with the increase in demand at variable prices.
Key Companies Profiled
- 3M
- Albemarle Corporation
- LyondellBasell Industries Holdings B.V.
- Honeywell International, Inc.
- BASF SE
- The Dow Chemical Company
- Eastman Chemical Company
- Arkema SA
- Asahi Glass Co., Ltd.
- The Chemours Company
- Solvay SA
- Corbion N.V.
- Godavari Biorefineries Ltd.
- Chevron Phillips Chemical Company
- Invista
- A. W. Chesterton Company
- Aervoe Industries, Inc.
- HK Wentworth Ltd
- Vantage Specialty Chemicals, Inc.
- Permatex
- CRC Industries
- Oxea GmbH
- ISU Chemical Co Ltd.
- LCY Chemical Corp.
- Deepak Fertilizers and Petroleum Corporation Limited
- CNPC Northeast Refining & Chemical Engineering Company Limited (PetroChina Co. Ltd.)
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Electronic Cleaning Solvents Market Taxonomy
Product Type
- Formulated Hydrocarbon Solvents
- Glycols & Glycol Ethers
- Fluorinated Solvents
- Brominated Solvents
- Light Petroleum Distillates
Cleaning Process
- Vapor Phase Degreasers
- Vacuum Cleaning
- Mixed Co-solvents
- Separated Co-solvents
- Semi-aqueous
Region
- North America
- LAMEA
- Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
Want to Know More?
Future Market Insights has published a market research report on the electronics cleaning solvents market that contains global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report provides insightful analysis of the electronics cleaning solvents market through three different segments – product type, cleaning process, and region. The electronics cleaning solvents market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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