Halogenated solvent cleaners have been gaining popularity, on account of their irreplaceability and cost-efficiency. In addition, their application for depositing coatings and lubricants to rinse metal surfaces and circuit boards are anticipated to amplify their adoption rate for construction activites. Increasing constructional and manufacturing activities in the developing economies such as China and India is expected to drive lucrative growth prospects for the halogenated solvent cleaners market in the upcoming years.
The latest report by “Fact.MR, A Market Research and Competitive Intelligence Provider” tracks Halogenated Solvent Cleaners Demand and Sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The report examines the Halogenated Solvent Cleaners market key trends, growth opportunities and Halogenated Solvent Cleaners market size and share.
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Halogenated Solvent Cleaners Market – Novel Development
Technological advancements in the chemical industry, on account of high adoption of IoT and digitization, is paving the growth of the halogenated solvent cleaners market. The significant players operating in the halogenated solvent cleaners market which include Royal Dutch Shell Plc, Ashland Inc., INEOS AG, Eastman Chemical Co., Honeywell International Inc., ExxonMobil Corporation, LyondellBasell Industries Holdings B.V., Huntsman, Celanese Corporation, BASF SE, and Ashland Inc. are pacing up to win over the competition landscape by developing new production methodologies that provides less toxic, non-chlorinated, or greener solvents.
Key questions answered in Halogenated Solvent Cleaners Market Survey Report :
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Will New Alternatives Outnumber Halogenated Solvent Cleaners?
Despite the availability of alternatives in the market, their lower cleaning efficiency as compared to existing halogenated cleaners have retained the popularity of these cleaners globally.
The Significant New Alternative Policy (SNAP) Program, an initiative by EPA has introduced a list of non-aerosol solvents for metal, electronics and precision cleaning. However, new alternatives suggested by SNAP leave behind dry cleaning and other manual cleaning application. Similarly, the alternative solvents introduced by chemical manufacturers are industry-specific and like halogenated solvents are regulated under stringent regulations from various federal organizations such as NESHAP, OSHA, EPA, and other nation-specific frameworks.
Increased emphasis on green chemical manufacturing that delivers plant based products and exempt toxic effects on human health as well as environment integrity is drawing traction of multiple end user industries. Another important influencer of the market is growing adoption of “no solvent” approach that substitutes all solvents with water.
Essential Takeaways from the Market Report
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Shift towards Green Products to Impede the Growth of the Halogenated Solvent Cleaners Market
Concerns associated with the health threats posed by the halogenated solvent cleaners that emit toxic gases will influence the customers’ preferences for green products extracted from alcohol, terpenes, and soy methyl ester. In addition, reduced drilling rates and the popularity of oil as a solvent could impact the rising demand for halogenated solvent cleaners.
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