Global Industrial Cleaning Solvents Market Size & Outlook
Global industrial cleaning solvents market, 2018-2030 (US$M)
Related Markets
Global industrial cleaning solvents market highlights
- The global industrial cleaning solvents market generated a revenue of USD 49,344.3 million in 2024 and is expected to reach USD 65,781.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 4.9% by 2030.
- In terms of segment, hydrocarbon solvents accounted for a revenue of USD 18,374.6 million in 2024.
- Bio-based Solvents is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 49,344.3 million |
| Market revenue in 2030 | USD 65,781.0 million |
| Growth rate | 4.9% (CAGR from 2025 to 2030) |
| Largest segment | Hydrocarbon solvents |
| Fastest growing segment | Bio-based Solvents |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrocarbon Solvents, Oxygenated Solvents, Bio-based Solvents, Chlorinated Solvents |
Other key industry trends
- In terms of revenue, the North America accounted for 17.0% of the global industrial cleaning solvents market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 10,014.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industrial Cleaning Solvents Market Scope
Industrial Cleaning Solvents Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| AkzoNobel [Dulux Brand] | View profile | 10001+ | Amsterdam, Noord-Holland, The Netherlands, Europe | http://www.akzonobel.com/ |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Ashland Inc | View profile | 3800 | 8145 Blazer Drive, Wilmington, DE, United States, 19808 | http://www.ashland.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Arkema SA | View profile | 11039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | https://www.arkema.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Global industrial cleaning solvents market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial cleaning solvents market will help companies and investors design strategic landscapes.
Hydrocarbon solvents was the largest segment with a revenue share of 37.24% in 2024. Horizon Databook has segmented the Global industrial cleaning solvents market based on hydrocarbon solvents, oxygenated solvents, bio-based solvents, chlorinated solvents covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Cleaning Solvents Type Outlook (Revenue, USD Million, 2018-2030)
- Hydrocarbon Solvents
- Oxygenated Solvents
- Bio-based Solvents
- Chlorinated Solvents
- Others
- Global Industrial Cleaning Solvents End Use Outlook (Revenue, USD Million, 2018-2030)
- Healthcare
- Manufacturing & Commercial Offices
- Retail & Food Services
- Hospitality
- Automotive & Aerospace
- Others (if any)
Reasons to subscribe to Global industrial cleaning solvents market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global industrial cleaning solvents market databook
-
Our clientele includes a mix of industrial cleaning solvents market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial cleaning solvents market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial cleaning solvents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial cleaning solvents market size, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial cleaning solvents market size, 2024 (US$M)
Global industrial cleaning solvents market share, by type, 2024 & 2030 (%, US$M)
Industrial cleaning solvents market: Opportunity assessment by country
Global industrial cleaning solvents market, by region, 2024 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
