The global industrial cleaning solvents market was valued at USD 49.34 billion in 2024 and is anticipated to reach USD 65.78 billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2030. This growth reflects the increasing demand across a broad spectrum of industries that rely heavily on cleaning solvents for maintaining hygiene, equipment performance, and compliance with safety standards.
Industrial cleaning solvents are extensively utilized in a wide array of sectors, including but not limited to manufacturing, automotive, aerospace, electronics, pharmaceuticals, and metal fabrication. These industries depend on specialized solvents to meet diverse cleaning requirements, ranging from general maintenance to precision cleaning tasks.
Solvents play a crucial role in various cleaning applications such as degreasing of metal parts, cleaning of electronic components, removal of flux residues, surface preparation for coatings or painting, routine equipment maintenance, and cleaning of precision instruments. The selection of an appropriate solvent is determined by several factors, including the type of contaminant, compatibility with the materials being cleaned, regulatory compliance, worker safety protocols, and the complexity of the cleaning process involved.
The growing scale of industrial production and automotive manufacturing is a major driver for the increased consumption of industrial cleaning solvents. These solvents are essential for the regular cleaning of machinery, tools, and components, which helps to optimize operational efficiency and prolong equipment lifespan.
In response to heightened environmental concerns and stringent regulatory frameworks, there is a noticeable shift toward the adoption of biodegradable and non-toxic cleaning solvents. These eco-friendly alternatives are designed to minimize environmental impact and reduce dependence on conventional petroleum-based chemical solvents, thus supporting sustainable industrial practices.
Industrial cleaning solvents can either be pure chemical compounds or custom-formulated mixtures developed to meet specific cleaning needs. They are selected based on various parameters such as solvency power, evaporation rate, toxicity level, and material compatibility. Their primary function is to remove unwanted substances such as contaminants, dirt, oils, greases, and other residues from industrial surfaces, parts, and equipment.
Key Market Trends & Insights
- The Asia Pacific region led the global industrial cleaning solvents market, accounting for the highest revenue share of 50.7% in 2024. This dominance can be attributed to the region's robust industrial base, particularly in countries like China, India, and Southeast Asian nations.
- Based on product type, hydrocarbon solvents emerged as the leading segment, capturing a revenue share of 35.5% in 2024. Their widespread use in degreasing and cleaning applications across multiple industries has solidified their market position.
- By end-use industry, the healthcare sector held the largest market share, contributing 2% of the total revenue in 2024. This can be linked to the growing emphasis on sanitation, hygiene, and sterilization in medical environments, which rely heavily on effective cleaning solvents.
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Market Size & Forecast
- 2024 Market Size: USD 49.34 Billion
- 2030 Projected Market Size: USD 65.78 Billion
- CAGR (2025-2030): 4.9%
- Asia Pacific: Largest market in 2024
Key Companies & Market Share Insights
Some of the key players operating in the market include Dow and AkzoNobel N.V.
- Dow manufactures chemicals, agrochemicals, rubber, specialty chemicals, and plastic materials. The company serves its products globally to several industries, including agriculture, infrastructure, packaging, and consumer care. It has a presence in all regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Its major markets include North America and Asia Pacific. The company had 106 manufacturing sites, 19 manufacturing sites in 10 Asia Pacific countries, 37 sites in 15 Europe, Middle East, Africa, and India (EMEAI) countries, 15 sites in 4 Latin America countries, and 35 manufacturing sites in the U.S. and Canada.
- Akzo Nobel N.V. is a producer of paints, coatings, and specialty chemicals for industry and consumers across the globe. The company has a presence in over 80 countries. The well-known brands of the company are Dulux, Sikkens, Interpon, and Eka. The company serves its products to diverse end-use industries such as building & construction, industrial manufacturing, transportation, packaging, and consumer durables.
Key Players
The following are the leading companies in the industrial cleaning solvents market.
- Dow
- Ashland
- Evonik Industries
- Eastman Chemical Company
- Shell Plc
- The Lubrizol Corporation
- Arkema
- ExxonMobil Corporation
- Solvay SA
- AkzoNobel N.V.
- LyondellBasell Industries Holdings B.V.
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Conclusion
The global industrial cleaning solvents market was valued at USD 49.34 billion in 2024 and is anticipated to reach USD 65.78 billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2030. This growth reflects the increasing demand across a broad spectrum of industries that rely heavily on cleaning solvents for maintaining hygiene, equipment performance, and compliance with safety standards. Industrial cleaning solvents are extensively utilized in a wide array of sectors, including but not limited to manufacturing, automotive, aerospace, electronics, pharmaceuticals, and metal fabrication. These industries depend on specialized solvents to meet diverse cleaning requirements, ranging from general maintenance to precision cleaning tasks.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the industrial solvents market include Arkema Inc., BASF SE, BP PLC., Diacel Chemical Industries Ltd., Exxon Mobil Corporation, Lyondell Basell Industries, Royal Dutch Shell Plc., PetroleoBrasileiroS.A, Dow Chemical and Total S.A..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Industrial Solvents Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-solvents-market/download-sampleMarket DynamicsThe growing demand for industrial solvents in many processes in cosmetics, printing ink, paint and coating, pharmaceutical sectors are anticipated to bolster the market during the forecast period.
In addition, rising R activity related to industrial solvents is further projected to increase market growth due to discovering new varieties of industrial solvents with excellent properties.
Growing demand for cosmetic products across the globe is the primary factor that drives the market growth.
Rapid industrialization in the developing regions is another growth-inducing factor.
This study categorizes the global Green Solvents and Bio Solvents breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.This report researches the worldwide Green Solvents and Bio Solvents market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-green-solvents-bio-solvents-2025-113Global Green Solvents and Bio Solvents market size will increase to Million US$ by 2025, from Million US$ in 2018, at a CAGR of during the forecast period.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Green Solvents and Bio Solvents.The following manufacturers are covered in this report:Archer Daniels Midland CompanyAkzo Nobel NVBASF SEThe DOW Chemical CompanyBioamber Inc.CargillVertec Biosolvents Inc.E.I.
du Pont de Nemours & Co.Huntsman CorporationCremer Oleo Gmbh & Co. KGStepan CompanyFlorida Chemicals Company Inc.Green Solvents and Bio Solvents Breakdown Data by TypeAlcoholsGlycolsEstersSoy Methyl EsterLactate EsterD-LimoneneOthersGreen Solvents and Bio Solvents Breakdown Data by ApplicationPaints and CoatingsMetal Cleaning/Industrial CleanersPrinting InksAdhesivesPharmaceuticalsOthersGreen Solvents and Bio Solvents Production Breakdown Data by RegionUnited StatesEuropeChinaJapanOther RegionsGreen Solvents and Bio Solvents Consumption Breakdown Data by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyThe study objectives are:To analyze and research the global Green Solvents and Bio Solvents capacity, production, value, consumption, status and forecast;To focus on the key Green Solvents and Bio Solvents manufacturers and study the capacity, production, value, market share and development plans in next few years.To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Green Solvents and Bio Solvents :History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025For the data information by region, company, type and application, 2018 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Get the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-green-solvents-bio-solvents-2025-113Table of contentGlobal Green Solvents and Bio Solvents Market Research Report 2019–2025, by Manufacturers, Regions, Types and Applications1 Study Coverage1.1 Green Solvents and Bio Solvents Product1.2 Key Market Segments in This Study1.3 Key Manufacturers Covered1.4 Market by Type1.4.1 Global Green Solvents and Bio Solvents Market Size Growth Rate by Type1.4.2 Alcohols1.4.3 Glycols1.4.4 Esters1.4.5 Soy Methyl Ester1.4.6 Lactate Ester1.4.7 D-Limonene1.4.8 Others1.5 Market by Application1.5.1 Global Green Solvents and Bio Solvents Market Size Growth Rate by Application1.5.2 Paints and Coatings1.5.3 Metal Cleaning/Industrial Cleaners1.5.4 Printing Inks1.5.5 Adhesives1.5.6 Pharmaceuticals1.5.7 Others1.6 Study Objectives1.7 Years Considered2 Executive Summary2.1 Global Green Solvents and Bio Solvents Production2.1.1 Global Green Solvents and Bio Solvents Revenue 2014–20252.1.2 Global Green Solvents and Bio Solvents Production 2014–20252.1.3 Global Green Solvents and Bio Solvents Capacity 2014–20252.1.4 Global Green Solvents and Bio Solvents Marketing Pricing and Trends2.2 Green Solvents and Bio Solvents Growth Rate (CAGR) 2019–2025CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: help@grandresearchstore.comFollow Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
The Industrial Solvents Market research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.To learn more about this report, Download a free Sample CopySegment by Type, the Industrial Solvents market is segmented intoHydrocarbonsAcidsEstersGlycolsAromaticsAlcoholsKetonesEthersOthersSegment by ApplicationDissolution AgentPharmaceuticals & CosmeticsPaints & CoatingCleaning & Degreasing ProductPrinting ProductsAdhesivesOthersGlobal Industrial Solvents Market: Regional AnalysisThe Industrial Solvents market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Industrial Solvents market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Industrial Solvents Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market.
