Industrial Cleaning Solvents Market

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Industrial Cleaning Solvents Market by Application (General & Medical Device Cleaning, Metal Cleaners, Disinfectants, Food Cleaners), End-use Industry (Manufacturing and Commercial Offices, Healthcare,), & Region - Global Forecast to 2028

FREE BROCHURE FREE SAMPLE REPORT
Report Code: CH 8740 Jul, 2023, by marketsandmarkets.com

In terms of value, the industrial cleaning solvents market size is projected to  increase from USD USD 1.1 billion in 2022 to USD 1.4 billion by 2028, at a CAGR of 4.3%.  One of the major reasons making an positive outlook for the industrial cleaning solvents market is the fast industrial development, mounting demand from end-use industries for cleaning applications, and hygiene initiatives at place of work. Also, the mounting demand of bio-derived and green industrial cleaning solvents is pushing the market. Due to these reasons, the consumption of industrial cleaning solvents is grown significantly.

Industrial Cleaning Solvents Market

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Industrial Cleaning Solvents Market

Market Dynamics

Driver: mounting demand from end-use industries for cleaning applications

Industries such as heathcare, retail businesses, hospitality, and various institutions, there is a direct client interaction; thus, these industries and institutions are focuses on cleanliness. Additionally, industrial cleaning solvents plays important role in cleaning products as it is widely used in various products and forumulations to  improves efficacy of cleaning solutions. Therefore, the demand for industrial cleaning solvents in rising form end-use industries.

Restraints: strict government and ecological regulations

The regulations from environmental and government authorities from regions such as North America and Europe are imposed due to the VOC contents of various industrial cleaning solvents. These industrial cleaning solvent products made from mineral spirits, which contains volatile organic compounds. Because of  these VOC contents in products, products are becoming more difficult to control their exposure of workers. Therefore, regions such as North America, Europe and Asia Pacific implements regulations. Thus, they create a challenge for the industrial cleaning solvents.

Opportunities: Growing need for bio-derived cleaning solvents

Bio-derived cleaning solvents are contemplated more natural friendly as compared to traditional industrial cleaning solvents. Also, the mounting necessity for bio-derived cleaning solvents grants a substantial chance for manufacturers working in the industrial cleaning solvents market. Moreover, many countries have authorized regulations directing the use of bio-derived cleaning solvents due to their low toxicity and eco friendliness. This has led to an growth in demand for industrial cleaning solvents, which creates an opportunity for producers to tap into this growing market.

Challenges : Harmfulness of some solvents

Industrial cleaning solvents such as acetone, toluene, methyl ethyl ketone, trichloroethylene, tetrachloroethylene, and among others are toxic in nature and a cause of concern. Gernerally, they damage liver, kidneys and central nervous system, shows skin cancer in mice, and respiratory distress. Thus, the harmfulness of these industrial cleaning solvents is a major challenge for manufacturers.

Industrial Cleaning Solvents Market Ecosystem

Prominent companies in this market include well-established, financially stable industrial cleaning solvents business. These businesses have been in business for a while and have a extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include Exxon Mobil Corporation (US), Shell plc (UK), BASF SE (Germany), Dow Inc. (US), and Lyondellbasell Industries N.V. (US).

Industrial Cleaning Solvents Market Ecosystem

Based on application, general & medical device cleaning is projected to be the largest market for industrial cleaning solvents, in terms of value, during the forecast period.

The industrial cleaning solvents market segmented in metal cleaners, food cleaners, general & medical device cleaning, commercial laundry and others on the basis of application.  General & medical device cleaning segment is projected to be the largest application of industrial cleaning solvents. This is due to the cleaning solvents used in this applications is for various kinds such as cleaning of hard surfaces, desks, walls, and many others. Moreovers, they shows antimicrobial properties which helps to prevent from diseases thus they are more used to clean medical devices.

Based on end-use industry, manufacturing and commercial offices is projected to be the largest market for industrial cleaning solvents, in terms of value, during the forecast period.

The industrial cleaning solvents are used in wide range of application and the market segmented into food processing, healthcare, hospitality, automotive & aerospace, manufacturing & commerical offices, retail & food service and others. The manufacturing and commercial offices end-use industry needs more cleaning solvents products for machinery cleaning, hard surface cleaning, and disinfection. Also, the solvents are suitable for cleaning products in industries as they does not leave any residue and evaporates fastly which allows it to use them to clean dirt from complicated parts. Hence, the manufacturing and commercial offices segment is the largest application for the industrial cleaning solvents market.

“Asia Pacific accounted for the largest market share for industrial cleaning solvents market, in terms of value, in 2022”

In terms of value, Asia Pacific was the largest market for industrial cleaning solvents, in terms of value, in 2022, followed by the North America. This is due to the heavy industrial development, rise in population, low labour cost, improved living standards and accessibility of raw materials in this region. Also, the regulations in this region is not much strict as compared to other regions. Thus, due to these reasons the Asia Pacific holds the largest market share for industrial cleaning solvents.

Industrial Cleaning Solvents Market by Region

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Key Market Players

The key players profiled in the report include Exxon Mobil Corporation (US), Shell plc (UK), BASF SE (Germany), Dow Inc. (US), and Lyondellbasell Industries N.V. (US), Solvay S.A., Eastman Chemical Company (US), Celanese Corporation (US), Ashland Inc. (US), Clariant AG (Switzerland),and others are the key manufacturers that holds major market share in the last few years. Major focus was given to the collaborations, partnerships and new product development due to the changing requirements of users across the world.

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Scope of the Report

Report Metric

Details

Years considered for the study

2017–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Volume (Kiloton) and Value (USD Million)

Segments covered

Application, End-use Industry and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

Exxon Mobil Corporation (US), Shell plc (UK), BASF SE (Germany), Dow Inc. (US), and Lyondellbasell Industries N.V. (US), and among others.

This report categorizes the global industrial cleaning solvents market based on application, end-use industry and region.

On the basis of application, the industrial cleaning solvents market has been segmented as follows:
  • General & Medical Device Cleaning
  • Metal Cleaners
  • Disinfectants
  • Commercial Laundry
  • Food Cleaners
  • Others
On the basis of end-use industry, the industrial cleaning solvents market has been segmented as follows:
  • Manufacturing and Commercial Offices
  • Healthcare
  • Retail & Food Service
  • Hospitality
  • Automotive and Aerospace
  • Food Processing
  • Others
On the basis of region, the industrial cleaning solvents market has been segmented as follows:
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In May 2022, BASF has started a new production site for methan sulfonic acid at its Ludwigshafen Verbund site.
  • In February 2022, Eastman Chemical Company completed the expansion of its tertiary amine capacity. From this expansion its Ghent manufacturing site became a largest tertiary amine facility in entire globe.
  • In March 2021, Celanese Corporation planned to expand its acetyl chain capacities to support the demand of customers.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
           1.2.3 MARKET DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 STUDY SCOPE 
           1.3.1 INDUSTRIAL CLEANING SOLVENTS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA 
          FIGURE 1 INDUSTRIAL CLEANING SOLVENTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF TOP PLAYERS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND SIDE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 – TOP-DOWN
    2.3 DATA TRIANGULATION 
          FIGURE 6 INDUSTRIAL CLEANING SOLVENTS MARKET: DATA TRIANGULATION
    2.4 GROWTH FORECAST 
           2.4.1 SUPPLY SIDE
                    FIGURE 7 SUPPLY-SIDE MARKET CAGR PROJECTIONS
           2.4.2 DEMAND SIDE
                    FIGURE 8 DEMAND-SIDE MARKET GROWTH PROJECTIONS: DRIVERS AND OPPORTUNITIES
           2.4.3 ASSUMPTIONS
    2.5 RECESSION IMPACT ANALYSIS 
    2.6 LIMITATIONS 
    2.7 RISKS 
          TABLE 1 INDUSTRIAL CLEANING SOLVENTS MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 54)
    FIGURE 9 GENERAL & MEDICAL DEVICE CLEANING TO BE LARGEST APPLICATION DURING FORECAST PERIOD
    FIGURE 10 MANUFACTURING AND COMMERCIAL OFFICES TO BE LARGEST END-USE INDUSTRY DURING FORECAST PERIOD
    FIGURE 11 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL CLEANING SOLVENTS MARKET 
          FIGURE 12 ASIA PACIFIC TO LEAD INDUSTRIAL CLEANING SOLVENTS MARKET DURING FORECAST PERIOD
    4.2 INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION 
          FIGURE 13 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD
    4.3 INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION AND COUNTRY 
          FIGURE 14 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.4 INDUSTRIAL CLEANING SOLVENTS MARKET, APPLICATION VS REGION 
          FIGURE 15 GENERAL & MEDICAL DEVICE CLEANING DOMINATES INDUSTRIAL CLEANING SOLVENTS MARKET ACROSS REGIONS
    4.5 INDUSTRIAL CLEANING SOLVENTS MARKET, BY KEY COUNTRY 
          FIGURE 16 INDIA TO BE FASTEST-GROWING MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rapid industrial growth
                    5.2.1.2 Increasing demand from end-use industries
                                TABLE 2 KEY APPLICATIONS OF CLEANING SOLVENTS
                    5.2.1.3 Workplace hygiene initiatives
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent government and environmental regulations
                                TABLE 3 REGULATIONS FOR INDUSTRIAL CLEANING CHEMICALS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for green & bio-based industrial cleaning solvents
                    5.2.3.2 Advanced cleaning technologies
           5.2.4 CHALLENGES
                    5.2.4.1 Toxicity of solvents
                    5.2.4.2 Reduced production capacity and lack of workforce for industrial cleaning
                    5.2.4.3 Volatility in raw material prices
                                TABLE 4 NATURAL GAS AND OIL PRICE (USD PER BARREL)
    5.3 PORTER'S FIVE FORCES ANALYSIS 
          FIGURE 18 INDUSTRIAL CLEANING SOLVENTS MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 5 PORTER'S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 GDP TRENDS AND FORECAST
                    TABLE 6 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2020 – 2028 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 70)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 19 INDUSTRIAL CLEANING SOLVENTS MARKET: SUPPLY CHAIN
           6.1.1 RAW MATERIAL SUPPLIERS
           6.1.2 MANUFACTURERS
           6.1.3 DISTRIBUTION NETWORKS
           6.1.4 END USER INDUSTRIES
    6.2 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           6.2.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR INDUSTRIAL CLEANING SOLVENTS MARKET
                    FIGURE 20 INDUSTRIAL CLEANING SOLVENTS MARKET: FUTURE REVENUE MIX
    6.3 ECOSYSTEM MAPPING 
          FIGURE 21 INDUSTRIAL CLEANING SOLVENTS MARKET: ECOSYSTEM MAPPING
          TABLE 7 INDUSTRIAL CLEANING SOLVENTS MARKET: ECOSYSTEM
    6.4 TECHNOLOGY ANALYSIS 
           6.4.1 SOLVENT RECYCLING AND REUSE TECHNOLOGY
           6.4.2 SUPERCRITICAL CARBON DIOXIDE CLEANING TECHNOLOGY
    6.5 CASE STUDY ANALYSIS 
           6.5.1 DOW’S UCARKLEAN SOLVENT HELPED IN AMINE CONVERSION
           6.5.2 DOW’S SPECIALTY DEHYDRATION FLUID IMPROVED PERFORMANCE OF GAS DEHYDRATION SYSTEM
    6.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           6.6.2 BUYING CRITERIA
                    FIGURE 23 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    6.7 PRICING ANALYSIS 
           6.7.1 AVERAGE SELLING PRICE, BY APPLICATION
                    FIGURE 24 AVERAGE SELLING PRICE FOR TOP THREE APPLICATIONS
                    TABLE 10 AVERAGE SELLING PRICE FOR TOP THREE APPLICATIONS (USD/KG)
           6.7.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 25 AVERAGE SELLING PRICE OF INDUSTRIAL CLEANING SOLVENTS, BY REGION, 2021-2028
                    TABLE 11 AVERAGE SELLING PRICE OF INDUSTRIAL CLEANING SOLVENTS, BY REGION, 2021-2028 (USD/KG)
    6.8 TRADE ANALYSIS 
           6.8.1 IMPORT SCENARIO OF INDUSTRIAL CLEANING SOLVENTS
                     FIGURE 26 INDUSTRIAL CLEANING SOLVENTS IMPORT, BY KEY COUNTRY (2017-2022)
                     TABLE 12 IMPORTS OF INDUSTRIAL CLEANING SOLVENTS, BY REGION, 2017-2022 (USD MILLION)
           6.8.2 EXPORT SCENARIO OF INDUSTRIAL CLEANING SOLVENTS
                     FIGURE 27 INDUSTRIAL CLEANING SOLVENTS EXPORT, BY KEY COUNTRY (2017-2022)
                     TABLE 13 EXPORTS OF INDUSTRIAL CLEANING SOLVENTS, BY REGION, 2017-2022 (USD MILLION)
    6.9 TARIFF AND REGULATORY LANDSCAPE 
           6.9.1 REGULATIONS FOR INDUSTRIAL CLEANING CHEMICALS, BY COUNTRY/REGION
           6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.10 KEY CONFERENCES AND EVENTS IN 2023–2024 
           TABLE 14 KEY CONFERENCES AND EVENTS, 2023-2024
    6.11 PATENT ANALYSIS 
           6.11.1 APPROACH
           6.11.2 DOCUMENT TYPES
                     TABLE 15 PATENT APPLICATIONS ARE 54% OF THE TOTAL COUNT
                     FIGURE 28 PATENTS REGISTERED IN INDUSTRIAL CLEANING SOLVENTS MARKET, 2012–2022
                     FIGURE 29 PATENT PUBLICATION TRENDS, 2012–2022
                     FIGURE 30 LEGAL STATUS OF PATENTS FILED IN INDUSTRIAL CLEANING SOLVENTS MARKET
           6.11.3 JURISDICTION ANALYSIS
                     FIGURE 31 MAXIMUM PATENTS FILED IN JURISDICTION OF US
           6.11.4 TOP APPLICANTS
                     FIGURE 32 PIONEER HI-BRED INTERNATIONAL, INC. REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2012 AND 2022
                     TABLE 16 PATENTS BY PROCTOR & GAMBLE COMPANY
                     TABLE 17 PATENTS BY BASF SE COMPANY
                     TABLE 18 TOP 10 PATENT OWNERS IN THE US, 2012-2022
 
7 INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION (Page No. - 92)
    7.1 INTRODUCTION 
          FIGURE 33 GENERAL & MEDICAL DEVICE CLEANING TO BE LARGEST SEGMENT DURING FORECAST PERIOD
          TABLE 19 INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
          TABLE 20 INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
          TABLE 21 INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (KILOTON)
          TABLE 22 INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    7.2 GENERAL & MEDICAL DEVICE CLEANING 
           7.2.1 GROWING DEMAND FOR CLEAN AND SANITIZED SURFACES TO DRIVE MARKET
                    TABLE 23 GENERAL & MEDICAL DEVICE CLEANING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 24 GENERAL & MEDICAL DEVICE CLEANING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 25 GENERAL & MEDICAL DEVICE CLEANING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 26 GENERAL & MEDICAL DEVICE CLEANING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.3 METAL CLEANERS 
           7.3.1 GROWTH OF MANUFACTURING AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET
                    TABLE 27 METAL CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 28 METAL CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 29 METAL CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 30 METAL CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.4 DISINFECTANTS 
           7.4.1 DEMAND FROM HEALTHCARE APPLICATIONS TO DRIVE MARKET
                    TABLE 31 DISINFECTANTS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 32 DISINFECTANTS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 33 DISINFECTANTS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 34 DISINFECTANTS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.5 COMMERCIAL LAUNDRY 
           7.5.1 INCREASING DEMAND FROM HOSPITALITY INDUSTRY TO DRIVE MARKET
                    TABLE 35 COMMERCIAL LAUNDRY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 36 COMMERCIAL LAUNDRY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 37 COMMERCIAL LAUNDRY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 38 COMMERCIAL LAUNDRY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.6 FOOD CLEANERS 
           7.6.1 USE OF SURFACTANTS IN FOOD INGREDIENTS TO DRIVE MARKET
                    TABLE 39 FOOD CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 40 FOOD CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 41 FOOD CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 42 FOOD CLEANERS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    7.7 OTHER APPLICATIONS 
          TABLE 43 OTHER APPLICATIONS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
          TABLE 44 OTHER APPLICATIONS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
          TABLE 45 OTHER APPLICATIONS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
          TABLE 46 OTHER APPLICATIONS: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
 
8 INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY (Page No. - 108)
    8.1 INTRODUCTION 
          FIGURE 34 MANUFACTURING AND COMMERCIAL OFFICES TO BE LARGEST SEGMENT DURING FORECAST PERIOD
          TABLE 47 INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
          TABLE 48 INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
          TABLE 49 INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
          TABLE 50 INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
    8.2 MANUFACTURING AND COMMERCIAL OFFICES 
           8.2.1 RISING INDUSTRIALIZATION IN EMERGING ECONOMIES TO DRIVE MARKET
                    TABLE 51 MANUFACTURING AND COMMERCIAL OFFICES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 52 MANUFACTURING AND COMMERCIAL OFFICES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 53 MANUFACTURING AND COMMERCIAL OFFICES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 54 MANUFACTURING AND COMMERCIAL OFFICES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.3 HEALTHCARE 
           8.3.1 INCREASED HEALTHCARE EXPENDITURE TO DRIVE MARKET
                    TABLE 55 HEALTHCARE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 56 HEALTHCARE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 57 HEALTHCARE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 58 HEALTHCARE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.4 RETAIL & FOOD SERVICE 
           8.4.1 GROWING NEED FOR CONSUMER PRODUCTS TO DRIVE MARKET
                    TABLE 59 RETAIL & FOOD SERVICE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 60 RETAIL & FOOD SERVICE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 61 RETAIL & FOOD SERVICE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 62 RETAIL & FOOD SERVICE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.5 HOSPITALITY 
           8.5.1 ANTICIPATED GROWTH IN TOURISM SECTOR TO DRIVE MARKET
                    TABLE 63 HOSPITALITY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 64 HOSPITALITY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 65 HOSPITALITY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 66 HOSPITALITY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.6 FOOD PROCESSING 
           8.6.1 NEED FOR HYGIENIC PRODUCTS TO DRIVE MARKET
                    TABLE 67 FOOD PROCESSING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 68 FOOD PROCESSING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 69 FOOD PROCESSING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 70 FOOD PROCESSING: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.7 AUTOMOTIVE & AEROSPACE 
           8.7.1 GROWING DEMAND FROM AEROSPACE SECTOR TO DRIVE MARKET
                    TABLE 71 AUTOMOTIVE & AEROSPACE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 72 AUTOMOTIVE & AEROSPACE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 73 AUTOMOTIVE & AEROSPACE INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 74 AUTOMOTIVE & AEROSPACE INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    8.8 OTHERS 
           8.8.1 HIGH DEMAND FOR SOLVENTS IN ELECTRONIC EQUIPMENT TO DRIVE MARKET
                    TABLE 75 OTHER END-USE INDUSTRIES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 76 OTHER END-USE INDUSTRIES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 77 OTHER END-USE INDUSTRIES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
                    TABLE 78 OTHER END-USE INDUSTRIES: INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
 
9 INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION (Page No. - 123)
    9.1 INTRODUCTION 
          FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING INDUSTRIAL CLEANING SOLVENTS MARKET BETWEEN 2023 TO 2028
          TABLE 79 INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (USD MILLION)
          TABLE 80 INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (USD MILLION)
          TABLE 81 INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2017–2022 (KILOTON)
          TABLE 82 INDUSTRIAL CLEANING SOLVENTS MARKET, BY REGION, 2023–2028 (KILOTON)
    9.2 ASIA PACIFIC 
          FIGURE 36 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET SNAPSHOT
           9.2.1 IMPACT OF RECESSION
           9.2.2 ASIA PACIFIC INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION
                    TABLE 83 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
                    TABLE 84 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 85 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (KILOTON)
                    TABLE 86 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.2.3 ASIA PACIFIC INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY
                    TABLE 87 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                    TABLE 88 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 89 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                    TABLE 90 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
           9.2.4 ASIA PACIFIC INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY
                    TABLE 91 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                    TABLE 92 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 93 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                    TABLE 94 ASIA PACIFIC: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.2.4.1 China
                               9.2.4.1.1 High economic growth and heavy production & consumption of chemicals to drive market
                                               TABLE 95 CHINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 96 CHINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 97 CHINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 98 CHINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.2.4.2 India
                               9.2.4.2.1 Increased domestic demand from manufacturing industry to drive market
                                               TABLE 99 INDIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 100 INDIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 101 INDIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 102 INDIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.2.4.3 Japan
                               9.2.4.3.1 Strong presence of automobile producers in country to drive market
                                               TABLE 103 JAPAN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 104 JAPAN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 105 JAPAN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 106 JAPAN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.2.4.4 South Korea
                               9.2.4.4.1 Government initiatives in industrial sector to drive market
                                               TABLE 107 SOUTH KOREA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 108 SOUTH KOREA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 109 SOUTH KOREA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 110 SOUTH KOREA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
    9.3 NORTH AMERICA 
          FIGURE 37 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET SNAPSHOT
           9.3.1 IMPACT OF RECESSION
           9.3.2 NORTH AMERICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION
                    TABLE 111 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
                    TABLE 112 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 113 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (KILOTON)
                    TABLE 114 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.3.3 NORTH AMERICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY
                    TABLE 115 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                    TABLE 116 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 117 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                    TABLE 118 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
           9.3.4 NORTH AMERICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY
                    TABLE 119 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                    TABLE 120 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 121 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                    TABLE 122 NORTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.3.4.1 US
                               9.3.4.1.1 Heavy capital investments and presence of key market players to drive market
                                               TABLE 123 US: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 124 US: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 125 US: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 126 US: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.3.4.2 Canada
                               9.3.4.2.1 Rise in disposable income and advanced manufacturing industry to drive market
                                               TABLE 127 CANADA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 128 CANADA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 129 CANADA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 130 CANADA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.3.4.3 Mexico
                               9.3.4.3.1 Growth of manufacturing industry to drive market
                                               TABLE 131 MEXICO: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 132 MEXICO: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 133 MEXICO: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 134 MEXICO: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
    9.4 EUROPE 
          FIGURE 38 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET SNAPSHOT
           9.4.1 IMPACT OF RECESSION
           9.4.2 EUROPE INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION
                    TABLE 135 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
                    TABLE 136 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 137 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (KILOTON)
                    TABLE 138 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.4.3 EUROPE INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY
                    TABLE 139 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                    TABLE 140 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 141 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                    TABLE 142 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
           9.4.4 EUROPE INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY
                    TABLE 143 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                    TABLE 144 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 145 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                    TABLE 146 EUROPE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.4.4.1 Germany
                               9.4.4.1.1 Expansion of manufacturing industry and highly developed automotive industry to drive market
                                               TABLE 147 GERMANY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 148 GERMANY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 149 GERMANY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 150 GERMANY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.4.4.2 Italy
                               9.4.4.2.1 Growing investments in transportation industry governing to drive market
                                               TABLE 151 ITALY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 152 ITALY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 153 ITALY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 154 ITALY: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.4.4.3 UK
                               9.4.4.3.1 Rise in healthcare spending and growth in chemical industries to drive market
                                               TABLE 155 UK: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 156 UK: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 157 UK: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 158 UK: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.4.4.4 France
                               9.4.4.4.1 Increased demand from manufacturing industry to drive market
                                               TABLE 159 FRANCE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 160 FRANCE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 161 FRANCE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 162 FRANCE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.4.4.5 Spain
                               9.4.4.5.1 Strong focus on revival of the economy to drive market
                                               TABLE 163 SPAIN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 164 SPAIN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 165 SPAIN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 166 SPAIN: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
    9.5 SOUTH AMERICA 
           9.5.1 IMPACT OF RECESSION
           9.5.2 SOUTH AMERICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION
                    TABLE 167 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
                    TABLE 168 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 169 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (KILOTON)
                    TABLE 170 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.5.3 SOUTH AMERICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY
                    TABLE 171 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                    TABLE 172 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 173 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                    TABLE 174 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
           9.5.4 SOUTH AMERICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY
                    TABLE 175 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                    TABLE 176 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 177 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                    TABLE 178 SOUTH AMERICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.5.4.1 Brazil
                               9.5.4.1.1 Rising demand from oil & gas and transport industries to drive market
                                               TABLE 179 BRAZIL: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 180 BRAZIL: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 181 BRAZIL: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 182 BRAZIL: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.5.4.2 Argentina
                               9.5.4.2.1 Growing healthcare & tourism sector to drive market
                                               TABLE 183 ARGENTINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 184 ARGENTINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 185 ARGENTINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 186 ARGENTINA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 IMPACT OF RECESSION
           9.6.2 MIDDLE EAST & AFRICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION
                    TABLE 187 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (USD MILLION)
                    TABLE 188 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 189 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2017–2022 (KILOTON)
                    TABLE 190 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.6.3 MIDDLE EAST & AFRICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY
                    TABLE 191 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                    TABLE 192 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                    TABLE 193 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                    TABLE 194 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
           9.6.4 MIDDLE EAST & AFRICA INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY
                    TABLE 195 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                    TABLE 196 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 197 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                    TABLE 198 MIDDLE EAST & AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.6.4.1 UAE
                               9.6.4.1.1 Foreign investments and rapid urbanization to drive market
                                               TABLE 199 UAE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 200 UAE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 201 UAE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 202 UAE: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.6.4.2 Saudi Arabia
                               9.6.4.2.1 Demand from automotive and consumer goods industries to drive market
                                               TABLE 203 SAUDI ARABIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 204 SAUDI ARABIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 205 SAUDI ARABIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 206 SAUDI ARABIA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                    9.6.4.3 South Africa
                               9.6.4.3.1 Cheap labor and raw material cost to drive market
                                               TABLE 207 SOUTH AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                                               TABLE 208 SOUTH AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                                               TABLE 209 SOUTH AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                                               TABLE 210 SOUTH AFRICA: INDUSTRIAL CLEANING SOLVENTS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
 
10 COMPETITIVE LANDSCAPE (Page No. - 198)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             10.2.1 STRATEGIES ADOPTED BY KEY INDUSTRIAL CLEANING SOLVENTS MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS 
             TABLE 211 INDUSTRIAL CLEANING SOLVENTS MARKET: DEGREE OF COMPETITION
             FIGURE 39 EXXON MOBIL CORPORATION ACCOUNTED FOR LARGEST SHARE IN 2022
     10.4 RANKING OF KEY MARKET PLAYERS, 2022 
             FIGURE 40 RANKING OF TOP FIVE PLAYERS IN INDUSTRIAL CLEANING SOLVENTS MARKET, 2022
     10.5 REVENUE ANALYSIS OF KEY COMPANIES 
             FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES DURING LAST FIVE YEARS
     10.6 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             FIGURE 42 INDUSTRIAL CLEANING SOLVENTS MARKET: COMPANY FOOTPRINT
             TABLE 212 INDUSTRIAL CLEANING SOLVENTS MARKET: APPLICATION FOOTPRINT
             TABLE 213 INDUSTRIAL CLEANING SOLVENTS MARKET: END-USE INDUSTRY FOOTPRINT
             TABLE 214 INDUSTRIAL CLEANING SOLVENTS MARKET: REGION FOOTPRINT
     10.7 COMPANY EVALUATION MATRIX 
             10.7.1 STARS
             10.7.2 EMERGING LEADERS
             10.7.3 PERVASIVE PLAYERS
             10.7.4 PARTICIPANTS
                        FIGURE 43 COMPANY EVALUATION MATRIX FOR INDUSTRIAL CLEANING SOLVENTS MARKET
     10.8 COMPETITIVE BENCHMARKING 
             TABLE 215 INDUSTRIAL CLEANING SOLVENTS MARKET: KEY START-UPS/SMES
             TABLE 216 INDUSTRIAL CLEANING SOLVENTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.9 START-UP/SME EVALUATION MATRIX 
             10.9.1 PROGRESSIVE COMPANIES
             10.9.2 RESPONSIVE COMPANIES
             10.9.3 DYNAMIC COMPANIES
             10.9.4 STARTING BLOCKS
                        FIGURE 44 START-UP/SME EVALUATION MATRIX FOR INDUSTRIAL CLEANING SOLVENTS MARKET
     10.1 COMPETITIVE SCENARIO 
             10.10.1 PRODUCT LAUNCHES
                        TABLE 217 INDUSTRIAL CLEANING SOLVENTS MARKET: PRODUCT LAUNCHES (2020–2023)
             10.10.2 DEALS
                        TABLE 218 INDUSTRIAL CLEANING SOLVENTS MARKET: DEALS (2020–2023)
             10.10.3 OTHER DEVELOPMENTS
                        TABLE 219 INDUSTRIAL CLEANING SOLVENTS MARKET: OTHER DEVELOPMENTS (2020–2023)
 
11 COMPANY PROFILES (Page No. - 216)
     11.1 KEY PLAYERS 
(Business overview, Products offered, Recent Developments, MNM view)*
             11.1.1 BASF SE
                        TABLE 220 BASF SE: COMPANY OVERVIEW
                        FIGURE 45 BASF SE: COMPANY SNAPSHOT
                        TABLE 221 BASF SE: DEALS
                        TABLE 222 BASF SE: OTHER DEVELOPMENTS
             11.1.2 EXXON MOBIL CORPORATION
                        TABLE 223 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
             11.1.3 SOLVAY S.A.
                        TABLE 224 SOLVAY S.A.: COMPANY OVERVIEW
                        FIGURE 47 SOLVAY S.A.: COMPANY SNAPSHOT
                        TABLE 225 SOLVAY S.A.: OTHER DEVELOPMENTS
             11.1.4 DOW INC.
                        TABLE 226 DOW INC.: COMPANY OVERVIEW
                        FIGURE 48 DOW INC.: COMPANY SNAPSHOT
             11.1.5 EASTMAN CHEMICAL COMPANY
                        TABLE 227 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
                        FIGURE 49 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
                        TABLE 228 EASTMAN CHEMICAL COMPANY: OTHER DEVELOPMENTS
                        TABLE 229 CELANESE CORPORATION: COMPANY OVERVIEW
                        FIGURE 50 CELANESE CORPORATION: COMPANY SNAPSHOT
                        TABLE 230 CELANESE CORPORATION: OTHER DEVELOPMENTS
                        TABLE 231 ARKEMA S.A.: COMPANY OVERVIEW
                        FIGURE 51 ARKEMA S.A.: COMPANY SNAPSHOT
             11.1.8 ASHLAND INC.
                        TABLE 232 ASHLAND INC.: COMPANY OVERVIEW
                        FIGURE 52 ASHLAND INC.: COMPANY SNAPSHOT
                        TABLE 233 ASHLAND INC.: DEALS
             11.1.9 SHELL PLC
                        TABLE 234 SHELL PLC.: COMPANY OVERVIEW
                        FIGURE 53 SHELL PLC: COMPANY SNAPSHOT
             11.1.10 LYONDELLBASELL INDUSTRIES N.V.
                        TABLE 235 LYONDELLBASELL INDUSTRIES N.V.: COMPANY OVERVIEW
                        FIGURE 54 LYONDELLBASELL INDUSTRIES N.V.: COMPANY SNAPSHOT
             11.1.11 HONEYWELL INTERNATIONAL INC.
                        TABLE 236 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
             11.1.12 INEOS GROUP HOLDINGS S.A.
                        TABLE 237 INEOS GROUP HOLDINGS S.A.: COMPANY OVERVIEW
                        FIGURE 56 INEOS GROUP HOLDINGS S.A.: COMPANY SNAPSHOT
                        TABLE 238 INEOS GROUP HOLDINGS S.A.: PRODUCT LAUNCHES
                        TABLE 239 INEOS GROUP HOLDINGS S.A.: DEALS
             11.1.13 MONARCH CHEMICALS LTD.
                        TABLE 240 MONARCH CHEMICALS LTD: COMPANY OVERVIEW
                        TABLE 241 MONARCH CHEMICALS LTD: OTHER DEVELOPMENTS
             11.1.14 LG CHEM, LTD.
                        TABLE 242 LG CHEM, LTD.: COMPANY OVERVIEW
                        FIGURE 57 LG CHEM, LTD.: COMPANY SNAPSHOT
                        TABLE 243 LG CHEM, LTD.: OTHER DEVELOPMENTS
             11.1.15 HITACHI HIGH-TECH CORPORATION
                        TABLE 244 HITACHI HIGH-TECH CORPORATION: COMPANY OVERVIEW
                        FIGURE 58 HITACHI HIGH-TECH CORPORATION: COMPANY SNAPSHOT
             11.1.16 THE CHEMOURS COMPANY
                        TABLE 245 THE CHEMOURS COMPANY: COMPANY OVERVIEW
                        FIGURE 59 THE CHEMOURS COMPANY: COMPANY SNAPSHOT
                        TABLE 246 THE CHEMOURS COMPANY: PRODUCT LAUNCHES
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS 
             11.2.1 EVONIK INDUSTRIES AG
                        TABLE 247 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
             11.2.2 SASOL LIMITED
                        TABLE 248 SASOL LIMITED: COMPANY OVERVIEW
             11.2.3 INNOSPEC INC.
                        TABLE 249 INNOSPEC INC.: COMPANY OVERVIEW
             11.2.4 STEPAN COMPANY
                        TABLE 250 STEPAN COMPANY: COMPANY OVERVIEW
             11.2.5 AKZO NOBEL N.V.
                        TABLE 251 AKZO NOBEL N.V.: COMPANY OVERVIEW
             11.2.6 MERCK & CO., INC.
                        TABLE 252 MERCK & CO., INC.: COMPANY OVERVIEW
             11.2.7 BRASKEM S.A.
                        TABLE 253 BRASKEM S.A.: COMPANY OVERVIEW
             11.2.8 WESTLAKE CORPORATION
                        TABLE 254 WESTLAKE CORPORATION: COMPANY OVERVIEW
             11.2.9 PPG INDUSTRIES, INC.
                        TABLE 255 PPG INDUSTRIES, INC.: COMPANY OVERVIEW
             11.2.10 OLIN CORPORATION
                        TABLE 256 OLIN CORPORATION: COMPANY OVERVIEW
             11.2.11 CRC INDUSTRIES
                        TABLE 257 CRC INDUSTRIES: COMPANY OVERVIEW
             11.2.12 JOHNSON MATTHEY PLC
                        TABLE 258 JOHNSON MATTHEY PLC: COMPANY OVERVIEW
             11.2.13 AGC CHEMICALS
                        TABLE 259 AGC CHEMICALS: COMPANY OVERVIEW
             11.2.14 MITSUI CHEMICALS INC.
                        TABLE 260 MITSUI CHEMICALS, INC.: COMPANY OVERVIEW
             11.2.15 SHIN-ETSU CHEMICAL CO., LTD.
                        TABLE 261 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY OVERVIEW
 
12 ADJACENT & RELATED MARKETS (Page No. - 277)
     12.1 INTRODUCTION 
     12.2 LIMITATIONS 
     12.3 SOLVENTS MARKET 
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
     12.4 SOLVENTS MARKET, BY REGION 
             TABLE 262 SOLVENTS MARKET, BY REGION, 2018–2025 (KILOTON)
             TABLE 263 SOLVENTS MARKET, BY REGION, 2018–2025 (USD MILLION)
             12.4.1 ASIA PACIFIC
                        TABLE 264 ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (KILOTON)
                        TABLE 265 ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             12.4.2 EUROPE
                        TABLE 266 EUROPE: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (KILOTON)
                        TABLE 267 EUROPE: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             12.4.3 NORTH AMERICA
                        TABLE 268 NORTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (KILOTON)
                        TABLE 269 NORTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             12.4.4 MIDDLE EAST & AFRICA
                        TABLE 270 MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (KILOTON)
                        TABLE 271 MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
             12.4.5 SOUTH AMERICA
                        TABLE 272 SOUTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (KILOTON)
                        TABLE 273 SOUTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
 
13 APPENDIX (Page No. - 284)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size for industrial cleaning solvents. Intensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The industrial cleaning solvents market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized from key opinion leaders in various applications for the industrial cleaning solvents market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Industrial Cleaning Solvents Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

DESIGNATION

BASF SE

Global Strategy & Innovation Manager

Shell plc

Director

Dow Inc.

Project Manager

Exxon Mobil Corporation

Regional Manager

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the industrial cleaning solvents market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Industrial Cleaning Solvents Market: Bottom-Up Approach

Industrial Cleaning Solvents Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Industrial Cleaning Solvents Market: Top-Down Approach

Industrial Cleaning Solvents Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the industrial cleaning solvents industry.

Market Definition

The industrial cleaning solvents market involves the manufacture and sale of industrial cleaning solvents designed primarily for use in end-use industries such as manufacturing and commercial offices, retail & food service, healthcare, hospitality, food processing, automotive & aerospace and others. These industrial cleaning solvetns are primarily used to clean industrial equipment and surfaces. They are typically strong solvents that can dissolve a variety of materials, including grease, oil, and dirt. They offer advantages such as hygiene and cleanliness at workplaces and in industries.

Key Stake Holders

  • Industrial cleaning solvents manufacturers
  • Raw material manufacturers
  • Government planning commissions and research organizations
  • Industry associations
  • End-use applications
  • R&D institutions

Report Objectives

  • To analyze and forecast the size of the industrial cleaning solvents market in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
  • To define, describe, and segment the industrial cleaning solvents market based on applications, end-use industry and region
  • To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional end-use industry type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Jul, 2023
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