Industrial Cleaning Solvent Market Demand, Business Scope and Future Opportunities Till 2034
Industrial Cleaning Solvent Market Growth, Size, Trends Analysis - By Product, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: CHEM2560 | Pages: 1 - 250 | Formats*: |
| Category : Chemical & Materials | |||
Industrial Cleaning Solvent Market Introduction and Overview
According to SPER Market Research, the Global Industrial Cleaning Solvent Market is estimated to reach USD 81.65 billion by 2034 with a CAGR of 5.13%.
The report includes an in-depth analysis of the Global Industrial Cleaning Solvent Market, including market size and trends, product mix, Applications, and supplier analysis. The global industrial cleaning solvents market was valued at USD 49.51 billion in 2024 and is expected to increase at a CAGR of 5.13% from 2025 to 2034. Industrial cleaning solvents are used in a variety of industries, including manufacturing, automotive, aerospace, electronics, pharmaceuticals, and metal fabrication. These solvents have several applications, including degreasing metal parts, cleaning electronic components, eliminating flux residues, preparing surfaces for coating or painting, maintaining equipment, and cleaning precision instruments. The kind of contamination, material compatibility, environmental legislation, worker safety needs, and the specific cleaning method all influence solvent selection.
By Product Insights:
The hydrocarbon solvents segment had the largest revenue share in 2024 and is expected to keep its leading position in the industry. These products come mainly from petroleum and are used for heavy-duty cleaning because they dissolve oils and greases effectively. However, they raise environmental and health concerns due to fossil fuel reliance and volatility.
In contrast, bio-based solvents are made from renewable resources and offer good cleaning power. They are safer with lower toxicity and emissions, making them a better choice for many industries.
By End User Insights:
The healthcare segment had the largest market share in 2024, highlighting the importance of solvents for cleaning and sanitizing. These solvents ensure a sterile environment by removing contaminants and supporting health regulations, which enhances patient safety. Their quick evaporation makes them suitable for cleanliness-critical areas.
The retail and food services segment also uses industrial cleaning solvents to maintain hygiene in places like restaurants and grocery stores. These solvents effectively eliminate grease and food residues, ensuring compliance with health regulations and improving safety for customers and staff.
Regional Insights:
The Asia Pacific led the industrial cleaning solvents market in 2024, benefiting from rapid industrial growth, increased manufacturing, and higher hygiene standards. Key countries like China, India, Japan, and South Korea are boosting demand in sectors such as automotive, electronics, pharmaceuticals, and food processing. The region's strong industrial base and rising foreign investment intensify the need for cleaning solvents that are effective.
North America's industrial cleaning solvents market is driven by robust industrial activity and improvements in cleaning technologies. Main industries like automotive, aerospace, pharmaceuticals, and food processing depend on high-performance solvents for cleaning and maintenance. The rising need for hygiene and safety in manufacturing and healthcare is also increasing demand.
Market Competitive Landscape:
Arkema, Ashland, Dow, Eastman Chemical Company, and Enviro Tech International, Inc. all dominate the industrial cleaning solvent sector due to their considerable industry experience, innovative product offers, and global presence. Arkema is a global leader in developing novel industrial cleaning solvents. Arkema, with an emphasis on sustainability and performance, provides a range of solvent-based products customised to the different needs of industries such as manufacturing, automotive, healthcare, and aerospace. Their commitment to R&D ensures the release of high-quality solvents that meet demanding regulatory requirements while efficiently tackling cleaning difficulties.
Recent Developments:
In October 2024, Actemium Oil & Gas Offshore in Brazil created a method to treat and reuse organic solvents for cleaning equipment. This supports goals to lower greenhouse gas emissions and use resources better. The plan aims to cut 30 tons of COâ‚‚ emissions yearly and stop 9,000 kg of hazardous waste, save 14 liters of solvent daily, and conserve four cubic meters of water each year. It is expected to save up to USD 14,586.75 million annually.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By End User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Dow, AkzoNobel N.V, Evonik Industries, Eastman Chemical Company, Shell Plc, The Lubrizol Corporation, Arkema, ExxonMobil Corporation, Ashland, Solvay SA. |
Key Topics Covered in the Report
- Global Industrial Cleaning Solvent Market Size (FY’2021-FY’2034)
- Overview of Global Industrial Cleaning Solvent Market
- Segmentation of Global Industrial Cleaning Solvent Market By Product (Hydrocarbon Solvents, Oxygenated Solvents, Bio-Based Solvents, Chlorinated Solvents, Other Products)
- Segmentation of Global Industrial Cleaning Solvent Market By End User (Healthcare, Manufacturing & Commercial Offices, Retail & Food Services, Hospitality, Automotive & Aerospace, Other End User)
- Statistical Snap of Global Industrial Cleaning Solvent Market
- Expansion Analysis of Global Industrial Cleaning Solvent Market
- Problems and Obstacles in Global Industrial Cleaning Solvent Market
- Competitive Landscape in the Global Industrial Cleaning Solvent Market
- Details on Current Investment in Global Industrial Cleaning Solvent Market
- Competitive Analysis of Global Industrial Cleaning Solvent Market
- Prominent Players in the Global Industrial Cleaning Solvent Market
- SWOT Analysis of Global Industrial Cleaning Solvent Market
- Global Industrial Cleaning Solvent Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
- 1.1.Scope of the report
- 1.2.Market segment analysis
2.Research Methodology
- 2.1.Research data source
- 2.1.1.Secondary Data
- 2.1.2.Primary Data
- 2.1.3.SPER’s internal database
- 2.1.4.Premium insight from KOL’s
- 2.2.Market size estimation
- 2.2.1.Top-down and Bottom-up approach
- 2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
- 4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges
5.Market variable and outlook
- 5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
- 5.2.PESTEL Analysis
- 5.2.1.Political Landscape
- 5.2.2.Economic Landscape
- 5.2.3.Social Landscape
- 5.2.4.Technological Landscape
- 5.2.5.Environmental Landscape
- 5.2.6.Legal Landscape
- 5.3.PORTER’s Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
- 5.4.Heat Map Analysis
6. Competitive Landscape
- 6.1.Global Industrial Cleaning Solvent Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Cleaning Solvent Market
7.Global Industrial Cleaning Solvent Market, By Product (USD Million) 2021-2034
- 7.1.Hydrocarbon Solvents
- 7.2.Oxygenated Solvents
- 7.3.Bio-Based Solvents
- 7.4.Chlorinated Solvents
- 7.5.Other Products
8.Global Industrial Cleaning Solvent Market, By End User (USD Million) 2021-2034
- 8.1.Healthcare
- 8.2.Manufacturing & Commercial Offices
- 8.3.Retail & Food Services
- 8.4.Hospitality
- 8.5.Automotive & Aerospace
- 8.6.Other End User
9. Global Industrial Cleaning Solvent Market, (USD Million) 2021-2034
- 9.1.Global Industrial Cleaning Solvent Market Size and Market Share
10.Global Industrial Cleaning Solvent Market, By Region, (USD Million) 2021-2034
- 10.1.Asia-Pacific
- 10.1.1.Australia
- 10.1.2.China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
11. Company Profile
- 11.1.Dow
- 11.1.1.Company details
- 11.1.2.Financial outlook
- 11.1.3.Product summary
- 11.1.4.Recent developments
- 11.2.Ashland
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Evonik Industries
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Eastman Chemical Company
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Shell Plc
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. The Lubrizol Corporation
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Arkema
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. ExxonMobil Corporation
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Solvay SA
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. AkzoNobel N.V
- 11.10.1.Company details
- 11.10.2.Financial outlook
- 11.10.3.Product summary
- 11.10.4.Recent developments
- 11.11.LyondellBasell Industries Holdings B.V
- 11.11.1.Company details
- 11.11.2.Financial outlook
- 11.11.3.Product summary
- 11.11.4.Recent developments
- 11.12.Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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Industrial Cleaning Solvent Market is projected to reach USD 81.65 billion by 2034, growing at a CAGR of of 5.13% during the forecast period.
Industrial Cleaning Solvent Market grew in Market size from 2025. The Market is expected to reach USD 81.65 billion by 2034, at a CAGR of 5.13% during the forecast period.
Industrial Cleaning Solvent Market CAGR of 5.13% during the forecast period.
Industrial Cleaning Solvent Market size is USD 81.65 billion from 2025 to 2034.
Industrial Cleaning Solvent Market is covered By Product, By End User
The North America is anticipated to have the highest Market share in the Biocompatible Coatings Market.
Dow, AkzoNobel N.V, Evonik Industries, Eastman Chemical Company, Shell Plc, The Lubrizol Corporation, Arkema, ExxonMobil Corporation, Ashland, Solvay SA.
The report includes an in-depth analysis of the Global Industrial Cleaning Solvent Market, including market size and trends, product mix, Applications, and supplier analysis.
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