Industrial Cleaning Solvents Market Growth & Trends
The global industrial cleaning solvents market size is anticipated to reach USD 65.78 billion by 2030, growing at a CAGR of 4.9% during the forecast period, according to a new report by Grand View Research, Inc. The industrial cleaning solvents industry’s growth is driven by the increasing industrialization, stringent hygiene regulations, and the growing demand for high-performance cleaning solutions across sectors like manufacturing, healthcare, and automotive. The shift towards environmentally friendly and biodegradable solvents, coupled with advancements in solvent technology, further accelerates market growth.
The hydrocarbon solvents segment dominated the market with a revenue share of 35.5% in 2024, during the forecast period. This growth is attribute to the wide use of product for degreasing, surface preparation, and industrial maintenance. These solvents, derived from petroleum, include aliphatic, aromatic, and paraffinic compounds, offering effective removal of grease, oil, and contaminants from machinery, metal parts, and electronics. Their strong solvency power makes them ideal for heavy-duty industrial applications, although environmental concerns over VOC emissions and regulatory restrictions are driving a shift toward low-toxicity and biodegradable alternatives.
The healthcare segment dominated the market with a revenue share of 31.2% in 2024, during the forecast period. Healthcare the product market effectively removes contaminants and residues, supporting compliance with health regulations and enhancing patient safety. Their efficacy and rapid evaporation make them ideal for use in environments where cleanliness is critical.
Asia Pacific dominated the market with a share of 50.7% in 2024. This region is experiencing significant growth, driven by rapid industrialization, urbanization, and increasing awareness of hygiene standards across various sectors. The expansion of industries such as manufacturing, automotive, and construction has led to a heightened demand for cleaning solvents used in equipment maintenance and surface preparation.
Industrial Cleaning Solvents Market Report Highlights
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