Industry Background:
Electronic cleaning solvents are used to remove small and micro-contaminants. Electronic cleaning solvents are manufactured from key solvents such as fluorinated solvents, brominated solvents, formulated hydrocarbon, and glycol & glycol ethers. Electronics cleaning solvents offer key properties include rapid evaporations rates and effectively removes grease, oil, dirt, residue, and, moist fluxes. Electronic cleaning solvents are used to remove inks, solder particles, and organic & inorganic particles.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | CRC Industries (United States), PERMATEX (United States), Miller-Stephenson Chemical (United States), 3M Company (United States), Honeywell International Inc. (United States), LyondellBasell Industries Holdings B.V. (Netherlands), Albemarle Corporation (United States), LPS Laboratories (United States) and ELECTROLUBE (United Kingdom) |
This growth is primarily driven by Increase in Consumer Demand for Electronic Devices, Equipment, and Gadgets across the Globe and Growth of the Electronic Industry in the Last Few Years.
Globally, a noticeable market trend is evident Rising Demand of the Consumer Electronic Products Major Vendors, such as CRC Industries (United States), PERMATEX (United States), Miller-Stephenson Chemical (United States), 3M Company (United States), Honeywell International Inc. (United States), LyondellBasell Industries Holdings B.V. (Netherlands), Albemarle Corporation (United States), LPS Laboratories (United States) and ELECTROLUBE (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In Dec. , 2023 Honeywell announced plans to enhance and strengthen its building automation capabilities with the acquisition of Carrier Global Corporation’s Global Access Solutions business.in an all-cash transaction. This acquisition will enable Honeywell to become a leading provider of security solutions for the digital age.
In Dec. , 2023 – DuPont announced that Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan have introduced a series of new offerings including printed Tedlar® PVF solutions and PVF coating in Taipei Building Show, the largest building materials exhibition in Taiwan.
Influencing Trend:
Rising Demand of the Consumer Electronic Products
Market Growth Drivers:
Increase in Consumer Demand for Electronic Devices, Equipment, and Gadgets across the Globe and Growth of the Electronic Industry in the Last Few Years
Challenges:
Presence of Chlorofluorocarbons (CFC) and Hydro-fluoro Ether (HFE)
Restraints:
Increase in Adoption of Substitutes of Solvent Cleaners
Opportunities:
Technological Development in the Solvent Industries Offering Advance and Excellent Surfactant free Systems Based on Glycol
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electronic Cleaning Solvents Market
- Analysis about New Entrants in Electronic Cleaning Solvents Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electronic Cleaning Solvents Study Sheds Light on
The Electronic Cleaning Solvents Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electronic Cleaning Solvents industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electronic Cleaning Solvents industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.