Global Vapor Degreasing Solvents Market By Solvent Type (Chlorinated, Brominated, Fluorinated, And Other Solvents), By Application (Metal, Pharma And Biotech, And Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

Market.us announces publication of its most recently generated research report titled, “Global Vapor Degreasing Solvents Market by Solvent Type (Chlorinated, Brominated, Fluorinated, and Other Solvents), By Application (Metal, Pharma and Biotech, and Other Applications), and by Region – Global Forecast to 2029.”, which offers a holistic view of the global vapor degreasing solvents market through systematic segmentation that covers every aspect of the target market.

The global vapor degreasing solvents market is projected to be US$ 872.3 Mn in 2018 to reach US$ 1,629.2 Mn by 2029 at a CAGR of 6.0%.

Vapor degreasing involves cleaning off dirt, oil, grease, rust, scale, tarnish and other soils from workpieces. During this process, the solvent is heated to its boiling point in a vapor degreaser system by coils – once boiled – the solvent produces clear and dense vapors that settle on the workpieces. On settling, the solvent coats the parts dissolve the soil and drip back into the solvent tank. Variations of this process add stages where the parts are dipped in warm or boiling solvent or are sprayed by the warm solvent. Solvent selection is based on the solubility of the substance to be removed and on the toxicity, flammability, flash point, evaporation rate, boiling point, cost, and several other properties of the solvent.

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Rapidly growing demand from various end-use industries including automotive, electronics, aerospace, machine and tools, and others, particularly in emerging economies such as India, China, Brazil, etc. is one of the major factors driving the growth of the global vapor degreasing solvents market. In addition, growing preference for fluorinated solvents such Hydrofluorocarbons (HFCs), hydrofluoroethers (HFEs), perfluorocarbons (PFCs), and perfluoropolyethers (PFPEs), as an effective alternative for regulated chemicals such as TCE and PERC, is another vital factor estimated to augment the growth of the target market.

Global Vapor Degreasing Solvents Market Revenue (US$ Mn), 2019–2029

One of the major restraining factors which could hamper the growth of the global vapor degreasing solvents market are stringent regulations against usage of chlorinated and brominated solvents, especially in the US and European region is expected to challenge the growth of the global vapor degreasing solvents market to a certain extent.

Global vapor degreasing solvents market is segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into Chlorinated, Brominated, Fluorinated, and other solvents. The Fluorinated segment accounts for the majority share and is expected to witness a major share in terms of revenue over the forecast period, followed by the Brominated segment. Based on application, the market is segmented into Metal, Pharma and Biotech, and Other Applications. The metal segment accounts for a majority share in the global vapor degreasing solvents market.

Global Vapor Degreasing Solvents Market Share by Solvent Type, 2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. Based on the region, Asia Pacific is the mature market due to increasing disposable income and rise in the middle-class income, particularly in developing countries is expected to advance the demand for electronics, automotive, and other items. In addition, in the past few years, vapor degreasing for cleaning medical devices has re-emerged as one of the key techniques in the market and registered highest adoption rate especially in countries of Asia Pacific region. Europe registered second-highest revenue in terms of value. This is a primarily attributed to, increasing workers’ safety concerns amongst the government of several developed economies including Europe, wherein these authorities are promoting usage of safer solvents and is expected to drive in the growth of target market in Europe.

The research report on the global vapor degreasing solvents market includes profiles of some of major companies such as Honeywell International, Inc., 3M Company, Asahi Glass Co., Ltd. (AGC Inc.), Solvay SA, Chemours Company, MicroCare Corporation, Reliance Specialty Products Inc., Florachem Precision Cleaning Products, and Tech Spray LP.

Key Market Segments

Type

• Chlorinated
• Brominated
• Fluorinated and other solvents

Application

• Metal
• Pharma and Biotech and Other Applications

Key Market Players included in the report:

• Honeywell International Inc.
• 3M Company
• Asahi Glass Co. Ltd. (AGC Inc.)
• Solvay SA
• Chemours Company
• MicroCare Corporation
• Reliance Specialty Products Inc.
• Florachem Precision Cleaning Products
• Tech Spray LP

For the Vapor Degreasing Solvents Market research study, the following years have been considered to estimate the market size: