Electronic Cleaning Agents Market, By Type (Formulated Hydrocarbon Solvents, Glycols & Glycol Ethers, Fluorinated Solvents, Brominated Solvents, Light Petroleum Distillates), By Application (Consumer Electronics, Instrument and Apparatus, Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

The Global Electronic Cleaning Agents Market was valued at USD XX billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The global electronic cleaning agent market size is anticipated to witness high growth in terms of revenue during the forecast period. Electronic cleaning agents are used to eradicating small and micro-contaminants. Electronic cleaning agents include solvents used to get rid of contaminants like oil, flux, grease, dust, during the manufacturing and maintenance of electronic devices.

Electronic cleaning agents are majorly used in the electronics and electrical industry. The electronic cleaning agent is made up of fluorinated solvents, formulated hydrocarbon, and glycol ethers. It has properties such as rapid evaporation rates and effectively removes moist fluxes.  Thus, such advantages providing more demand for the electronic cleaning agent market.

Market Dynamics

Electronic cleaning agents are used to removing solder particles and organic & inorganic particles. It has easy water-soluble property offers an advantage in cleaning applications of electronic cleaning agents. The technological development in the cleaning agent industries offers excellent surfactant-free systems based on glycols. These glycol-based cleaners are effective in cleaning strains. Most of the cleaning agent contains concentrated forms of corrosion inhibitors. It is also used for cleaning alarms and, switches. These all stages in electronics manufacturing will push the demand for electronic cleaning agents.

Moreover, removal of grassing from the inner parts of the electronic devices and equipment of electronic devices are also necessary. Further, there has been a significant development in electronic cleaning agents in the last few years. It has developed a higher demand in emerging countries like China, India, and other Southeast Asian countries. It is used at any stage of electronics device manufacturing like repair, servicing, and production.

Electronic gadgets are an essential part of daily life and this sector is growing at a rapid rate and the market is projected to portray a similar growth over the upcoming years. Growing automation and digitalization has propelled the electronic industry hence it will increase the global electronic cleaning agent market during the forecast period. Increasing population, growing middle-class incomes are some of the factors expected to drive the global electronic cleaning agent in emerging regions.

Raise in demand for electronic devices, gadgets equipment across the globe is anticipated to drive the electronic cleaning agents market during the forecast period. Raise in approval of substitutes of solvent cleaners and the presence of chlorofluorocarbons (CFC) and hydro-fluoro ether (HFE) in a few cleaning agents are expected to restrain the growth of the market

Market segmentation

The global electronic cleaning solvents market is segmented based on the type of electronic cleaning agents, Applications of electronic cleaning agents, and based Region. The segmentation based on the type of cleaning agents includes glycols & glycol ethers, formulated hydrocarbon solvents, fluorinated solvents, light petroleum distillates, and brominated solvents. Further, based on the application comprising consumer electronics, instrument, and apparatus, others. Based on the region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Based on the type of electronic cleaning agents

The types of electronic cleaning agents comprise formulated hydrocarbon solvents, glycols & glycol ethers, fluorinated solvents, brominated solvents, and light petroleum distillates. Among all, the fluorinated solvents segment is projected to hold a dominant position in the market during the forecast period followed by glycol ethers.

Glycol-based cleaners are effective in cleaning strains. Most of the cleaning agent contains concentrated forms of corrosion inhibitors. It is also used for cleaning alarms and, switches. Electronic cleaning agents are majorly used in the electronic industry due to their effective fast-drying properties and water-soluble properties. Thus, this segment is expected to drive the market.

Based on the Application of electronic cleaning agents

In terms of application, the market has been segmented into equipment comprising consumer electronics, instruments, and apparatus, among others. The instrument and apparatus segment is anticipated to hold a major share of the electronic cleaning agent market during the forecast period.

The automotive industry is a key industrial and economic force worldwide. It makes 60 million cars and trucks a year. Thus, cleaning agents at different manufacturing, repairing, and servicing are used. Thus, increased automation, rising demand for gadgets providing an upper command to the cleaning agents.

Regional Analysis

Based on region, the global electronic cleaning agents market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.  In terms of consumption, Asia Pacific is anticipated to hold a dominant position in the market during the forecast period. The Asia Pacific has an important electronic industry, especially in countries such as China, South Korea, and India. This, in turn, is expected to drive 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. For instance, India became the world’s 7th largest manufacturer of commercial vehicles in 2018. This is expected to drive in the market at a significant rate in the upcoming years. The increasing population and rise in disposable income of youth have provided more demand to the electronics equipment and devices market in this region.

The Asia Pacific is anticipated to contribute significantly in terms of revenue till 2024 for electronic cleaning solvents. The market in North America and Europe is anticipated to develop at a moderate rate in the market during the forecast period. The U.S. is a technologically advanced country due to the occurrence of electronic companies that provides modern devices and equipment across the globe. The electronic cleaning solvents market in South America and Middle East & Africa is also likely to expand at a slow rate due to the limited presence of technology, and companies in the region.

Competitive Analysis

A large number of companies operate in the global electronic cleaning agents market. Some of the prominent manufacturers operating in the market include Honeywell International Inc., Albemarle Corporation, LyondellBasell Industries Holdings B.V., 3M Company, Fujifilm NDT Systems, and CRC Industries.

Market Segmentation: Global Electronic Cleaning Agents market

By Type of Electronic Cleaning Agents market

  • Formulated Hydrocarbon Solvents
  • Glycols & Glycol Ethers
  • Fluorinated Solvents
  • Brominated Solvents
  • Light Petroleum Distillates

By Applications of Electronic Cleaning Agents market

  • Consumer Electronics
  • Instrument and Apparatus
  • Others

By Region:  Electronic Cleaning Agents market

North America Electronic Cleaning Agents Market

  • By Country (US, Canada, Mexico)
  • By Types of Electronic cleaning agents
  • By Application of Electronic cleaning agents

Europe Electronic Cleaning Agents Market

  • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
  • By Types of Electronic cleaning agents
  • By Application of Electronic cleaning agents

Asia Pacific Electronic Cleaning Agents Market

  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Types of Electronic cleaning agents
  • By Application of Electronic cleaning agents

Middle East& Africa Electronic Cleaning Agents Market

  • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East& Africa)
  • By Types of Electronic cleaning agents
  • By Application of Electronic cleaning agents

South America Electronic Cleaning Agents Market

  • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East& Africa)
  • By Types of Electronic cleaning agents
  • By Application of Electronic cleaning agents

Reasons to Buy This Report:

  • Market size estimation of the global Electronic cleaning agents market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: sales@quincemarketinsights.com