The industrial cleaning solvent market size is projected to thrive at a 4.8% CAGR from USD 1.3 billion in 2024 to USD 2 billion by 2034. The demand for industrial cleaning solvents is expanding due to several factors, including rising product consumption from the healthcare sector, stringent environmental and safety regulations, and growing public awareness of cleanliness in emerging nations.
Due to emerging economies' rising industrialization and urbanization, Asia Pacific is expected to lead the industrial cleaning solvent market expansion. Obstacles include fluctuating raw material pricing and concerns about sustainability in the environment.
Attributes | Details |
---|---|
Market Value for 2024 | USD 1.3 billion |
Market Value for 2034 | USD 2.0 billion |
Market CAGR from 2024 to 2034 | 4.8% |
Short-term Analysis (2019 to 2023):
Attributes | Details |
---|---|
Market Value for 2019 | USD 0.9 billion |
Market Value for 2023 | USD 1.2 billion |
Market CAGR from 2019 to 2023 | 6.3% |
Mid-term Analysis (2023 to 2029):
Long-term Analysis (2029 to 2034):
The segmented market analysis of industrial cleaning solvent is included in the following subsection. Based on comprehensive studies, the general and medical device cleaning sector is leading the application category, and the manufacturing and commercial offices segment is commanding the end-use industry category.
Attributes | Details |
---|---|
Top Application | General and Medical Device Cleaning |
CAGR % 2019 to 2023 | 6.1% |
CAGR % 2024 to End of Forecast (2034) | 4.6% |
Attributes | Details |
---|---|
Top End-use industry | Manufacturing and Commercial Offices |
CAGR % 2019 to 2023 | 5.8% |
CAGR % 2024 to End of Forecast (2034) | 4.4% |
The industrial cleaning solvent market can be observed in the subsequent tables, which focus on the leading economies in South Korea, Japan, the United Kingdom, China, and the United States. A comprehensive evaluation demonstrates that South Korea has enormous market opportunities for industrial cleaning solvents.
Country | South Korea |
---|---|
HCAGR (2019 to 2023) | 13.1% |
CAGR (2024 to 2034) | 6.5% |
Country | Japan |
---|---|
HCAGR (2019 to 2023) | 9.7% |
CAGR (2024 to 2034) | 6.3% |
Country | United Kingdom |
---|---|
HCAGR (2019 to 2023) | 9.4% |
CAGR (2024 to 2034) | 6.0% |
Country | China |
---|---|
HCAGR (2019 to 2023) | 8.2% |
CAGR (2024 to 2034) | 5.5% |
Country | United States |
---|---|
HCAGR (2019 to 2023) | 7.0% |
CAGR (2024 to 2034) | 5.1% |
Notable industrial cleaning solvent manufacturers in the competitive market environment that shape industry dynamics. Eastman Chemical Company prioritizes innovation in industrial cleaning solvent products. Royal Dutch Shell Plc places a premium on its broad experience and global reach. Ashland Global Holdings Inc. contributes unique competencies, while LyondellBasell Industries Holdings B.V. leverages its diversified portfolio.
The major industrial cleaning solvent vendors propel progress by tackling environmental issues and legal mandates. Their industrial cleaning solvent market positions are strengthened by their strategic initiatives and dedication to sustainability. Industrial cleaning solvent producers continue to play a key role in determining the market's direction as demand for efficient and eco-friendly cleaning solutions rises.
Notable Advancements
Company | Details |
---|---|
BASF | BASF opened a new methane sulfonic acid production facility at its Ludwigshafen Verbund plant in May 2022. |
Eastman Chemical Company | Eastman Chemical Company's tertiary amine capacity expansion was completed in February 2022. This development made its Ghent manufacturing site the world's largest tertiary amine facility. |
Celanese Corporation | Celanese Corporation plans to enhance its acetyl chain capacity in March 2021 to meet client demand. |
Laxness | In March 2021, Laxness completed the acquisition of INTACE SAS, a Paris-based biocide manufacturing company, which may add to the company's product line. |
Nouryon | To meet consumer demand for surfactants, Nouryon quadrupled the production capacity of its surfactant facilities in Stenungsund, Sweden, in August 2019. |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 22: Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 23: Europe Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 24: Europe Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 28: East Asia Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 29: East Asia Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 30: East Asia Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 34: South Asia Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 35: South Asia Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 36: South Asia Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: Oceania Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: Oceania Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 40: Oceania Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 41: Oceania Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 42: Oceania Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: MEA Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: MEA Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 46: MEA Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 47: MEA Market Value (US$ Million) Forecast by End-use industry, 2019 to 2034
Table 48: MEA Market Volume (Tons) Forecast by End-use industry, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 16: Global Market Attractiveness by Application, 2024 to 2034
Figure 17: Global Market Attractiveness by End-use industry, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 34: North America Market Attractiveness by Application, 2024 to 2034
Figure 35: North America Market Attractiveness by End-use industry, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End-use industry, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 56: Europe Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 57: Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 63: Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 64: Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 66: Europe Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 67: Europe Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 68: Europe Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 70: Europe Market Attractiveness by Application, 2024 to 2034
Figure 71: Europe Market Attractiveness by End-use industry, 2024 to 2034
Figure 72: Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 74: East Asia Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 75: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 81: East Asia Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 84: East Asia Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 85: East Asia Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 88: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 89: East Asia Market Attractiveness by End-use industry, 2024 to 2034
Figure 90: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 92: South Asia Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 93: South Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 99: South Asia Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 102: South Asia Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 103: South Asia Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 106: South Asia Market Attractiveness by Application, 2024 to 2034
Figure 107: South Asia Market Attractiveness by End-use industry, 2024 to 2034
Figure 108: South Asia Market Attractiveness by Country, 2024 to 2034
Figure 109: Oceania Market Value (US$ Million) by Application, 2024 to 2034
Figure 110: Oceania Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 111: Oceania Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: Oceania Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: Oceania Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 117: Oceania Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 120: Oceania Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 121: Oceania Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 124: Oceania Market Attractiveness by Application, 2024 to 2034
Figure 125: Oceania Market Attractiveness by End-use industry, 2024 to 2034
Figure 126: Oceania Market Attractiveness by Country, 2024 to 2034
Figure 127: MEA Market Value (US$ Million) by Application, 2024 to 2034
Figure 128: MEA Market Value (US$ Million) by End-use industry, 2024 to 2034
Figure 129: MEA Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: MEA Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: MEA Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 135: MEA Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 136: MEA Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 138: MEA Market Value (US$ Million) Analysis by End-use industry, 2019 to 2034
Figure 139: MEA Market Volume (Tons) Analysis by End-use industry, 2019 to 2034
Figure 140: MEA Market Value Share (%) and BPS Analysis by End-use industry, 2024 to 2034
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End-use industry, 2024 to 2034
Figure 142: MEA Market Attractiveness by Application, 2024 to 2034
Figure 143: MEA Market Attractiveness by End-use industry, 2024 to 2034
Figure 144: MEA Market Attractiveness by Country, 2024 to 2034
The demand for industrial cleaning solvent to secure a valuation of USD 1.3 billion in 2024.
The industrial cleaning solvent market revenue is estimated to attain USD 2.0 billion by 2034.
Through 2034, the industrial cleaning chemical market is anticipated to thrive at a 4.8% CAGR.
From 2019 to 2023, the sales of industrial cleaning solvents evolved at a 6.3% CAGR.
The general and medical device cleaning sector is set to develop at a CAGR of 4.6% through 2034.
The manufacturing and commercial offices sector is predicted to accelerate at a CAGR of 4.4% from 2024 to 2034.
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