Cleaning is considered as an essential activity in electronics manufacturing so as to eliminate solder fluxes in electronic devices production and degreasing. Several stages in electronics manufacturing such as servicing, repair or production are expected to push the demand for electronic cleaning solvents. The new and an improved form of electronic cleaning solvents constitute a fast-drying technology which is used effectively and quickly clean the electronic components. Further, such solvents are also used in the cleaning of terminal plugs, switches, alarms, connectors, and other products.
MARKET DYNAMICS
The electronic cleaning solvents market has witnessed a significant growth owing to factors such as growth in the demand for electronic devices, equipment, and gadgets. Further, technological developments in the use of electronic cleaning solvents is significantly supplementing the growth of the market. However, rising use of substitutes of solvent cleaners and the presence of chlorofluorocarbons (CFC) and hydro-fluoro ether (HFE) in the solvents is projected to hamper the electronic cleaning solvents market growth over the projected period. Nevertheless, the growth of the electronic industry is further expected to fuel the growth of the market.
MARKET SCOPE
The "Global Electronic Cleaning Solvents Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electronic cleaning solvents market with detailed market segmentation by product type, application, and geography. The global electronic cleaning solvents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electronic cleaning solvents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electronic cleaning solvents market is segmented on the basis of product type and application. On the basis of product type, the electronic cleaning solvents market is segmented into glycol & glycol ethers, brominated solvents, fluorinated solvents, formulated hydrocarbon solvents and others. The electronic cleaning solvents market on the basis of the application is classified into equipment manufacturing, servicing and repair.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electronic cleaning solvents market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electronic cleaning solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the electronic cleaning solvents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electronic cleaning solvents market in these regions.
MARKET PLAYERS
The reports cover key developments in the electronic cleaning solvents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electronic cleaning solvents market are anticipated to lucrative growth opportunities in the future with the rising demand for electronic cleaning solvents in the global market. Below mentioned is the list of few companies engaged in the electronic cleaning solvents market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electronic cleaning solvents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- A.W. Chesterton Company
- Albemarle Corporation
- CRC Industries
- ELECTROLUBE
- Honeywell International Inc.
- LPS Laboratories
- LyondellBasell Industries Holdings B.V.,
- Miller-Stephenson, Inc.,
- PERMATEX