Electronic Cleaning Solvents Market: Introduction
Electronic cleaning solvents are used to remove small and micro-contaminants. Electronic cleaning solvents are manufactured from the 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. The easy cleaning applications of electronic cleaning solvents provide excellent advantages to the water-based cleaners due to the easy soluble properties. Water-based electronic cleaning solvents possess nonflammable properties, very low toxicity, and no VOC content. The technological development in the solvent industries offering advance and excellent surfactant free systems based on glycols. These glycol-based cleaners are very effective in cleaning oil, dirt, and strains require minimal cleansing. Most of the cleaning solvents contain concentrated forms of inbuilt corrosion inhibitors. Aqueous cleaners utilize surfactant technology to remove contaminants from the printed circuit board (PCB). Electronic cleaning solvents are used for cleaning devices such as alarms, switches, and terminal pugs.
Increase in consumer demand for electronic devices, equipment, and gadgets across the globe is projected to propel the electronic cleaning solvents market in the next few years. Growth of the electronic industry in the last few years has fuelled the demand for effective cleaning solvents in the electronics industry. Increase in adoption of substitutes of solvent cleaners and the presence of chlorofluorocarbons (CFC) and hydro-fluoro ether (HFE) in a few solvents are likely to hamper the market.
Electronic Cleaning Solvents Market: Segmentation
Based on product type, the global electronic cleaning solvents market can be segmented into glycol & glycol ethers, brominated solvents, fluorinated solvents, formulated hydrocarbon solvents, and others. The fluorinated solvents segment is projected to hold a dominant share of the market during the forecast period. Electronic cleaning solvents are majorly used in electronic industry due to effective fast drying properties. Electronic cleaning solvents are precisely formulated for quick and efficient cleaning purposes. This, in turn, is projected to fuel the product demand for electronic cleaning solvents in the next few years. In terms of application, the market can be divided into equipment manufacturing, servicing, and repair. The equipment manufacturing segment is expected to hold a major share of the electronic cleaning solvents market during the forecast period.
Electronic Cleaning Solvents Market: Regional Outlook
Based on region, the global electronic cleaning solvents market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is projected to hold a major share of the market during the forecast period. Asia Pacific has a prominent electronic industry, especially in countries such as China, South Korea, and Taiwan. This, in turn, is anticipated to fuel the market in the region during the forecast period. China has become a hub global hub for the electronic industry in the past few years. This is projected to propel in the market at a significant pace in the next few years. The market in North America and Europe are expected to expand at a moderate pace in the market during the forecast period. The U.S. is a technologically advanced country owing to the presence of electronic companies that offer modern devices and equipment across the globe. The electronic cleaning solvents market in Latin America and Middle East & Africa is also likely to expand at sluggish pace owing to the limited presence of infrastructure, technology, and companies in the region.
Electronic Cleaning Solvents Market: Key Players
A large number of companies operate in the global electronic cleaning solvents market. Some of the prominent manufacturers operating in the market include Honeywell International Inc., LyondellBasell Industries Holdings B.V., Albemarle Corporation, Miller-Stephenson, Inc., A.W. Chesterton Company, and CRC Industries.
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The following regional segments are covered comprehensively:
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1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
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