PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518469
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518469
Industrial Cleaning Solvent Market Size - By Type (Hydrocarbon Solvents, Oxygenated Solvents, Bio-Based Solvents, Chlorinated Solvents), By Application, By End-Use Industry & Forecast, 2024 - 2032
Global Industrial Cleaning Solvent Market size will expand at over 4.7% CAGR from 2024 to 2032, due to the rising partnerships for fostering innovation and expanding capabilities in cleaning technologies.
Companies are integrating their expertise to develop more effective and environmentally sustainable solvents for meeting the stringent regulatory standards and customer demands. These collaborations are also driving advancements in solvent formulations for enhancing cleaning efficiency and reducing environmental impacts. Surging efforts for ensuring cleaner and safer operational environments across various sectors will also favor the product demand. For instance, in June 2023, CleanPilot partnered with Disruptive Technologies to expand its capabilities in facility management and cleaning services.
The industrial cleaning solvent market is segregated into type, application, end-use industry, and region.
By type, the oxygenated solvents segment is estimated to rise at a significant rate from 2024 to 2032, owing to their ability for offering superior cleaning power while minimizing environmental impacts. These solvents are increasingly replacing traditional options due to their effectiveness in removing contaminants given their biodegradable properties. Additionally, the ongoing advancements and increasing regulatory focus on sustainability will drive the segment growth.
Industrial cleaning solvent industry from the metal cleaners application segment is expected to expand from 2024 to 2032 driven by their surging usage for effectively removing contaminants from metal surfaces while maintaining material integrity. These cleaners are becoming more sophisticated by incorporating advanced formulations to ensure thorough cleaning without compromising the structural integrity of the metal. The ongoing R&D efforts are also improving their performance and sustainability in industrial cleaning practices.
Regionally, the Europe industrial cleaning solvent industry size is projected to depict robust growth between 2024 and 2032, propelled by the integration of automation and robotics in manufacturing processes. Advancements in technology across the region are enhancing efficiency and precision in solvent application and cleaning tasks. This integration is also streamlining operations and reducing labor-intensive processes for improving productivity and cost-effectiveness. Growing innovations in industrial cleaning solvents for enhancing competitiveness and sustainability in manufacturing environments across Europe will further boost the product demand.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
- 3.3.4.1 U.S.
- 3.3.4.2 European Union
- 3.3.4.3 UK
- 3.3.4.4 China
- 3.3.4.5 Southeast Asia
- 3.3.4.6 GCC
- 3.4 Regulations & market impact
- 3.5 Trade statistics
- 3.6 Unmet needs
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Billion, Kilo Tons)
- 5.1 Key trends
- 5.2 Hydrocarbon solvents
- 5.3 Oxygenated solvents
- 5.4 Bio-Based solvents
- 5.5 Chlorinated solvents
- 5.6 Others
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Billion, Kilo Tons)
- 6.1 Key trends
- 6.2 Commercial laundry
- 6.3 General & medical device cleaning
- 6.4 Food cleaners
- 6.5 Metal cleaners
- 6.6 Others
Chapter 7 Market Size and Forecast, By End-Use Industry, 2021-2032 (USD Billion, Kilo Tons)
- 7.1 Key trends
- 7.2 Healthcare
- 7.3 Manufacturing and commercial offices
- 7.4 Automotive
- 7.5 Retail & food services
- 7.6 Aerospace
- 7.7 Others
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Billion, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Arkema
- 9.2 Ashland
- 9.3 Dow
- 9.4 Eastman Chemical Company
- 9.5 Enviro Tech International, Inc
- 9.6 Exxon Mobil Corporation
- 9.7 LyondellBasell Industries Holdings B.V.
- 9.8 Shell Plc
- 9.9 Solvay
