Industry Analysis of Electronic Cleaning Solvents Market Opportunity Assessment (2017-2027)
Press Release – 14
Jan 2019
Research
and Development News
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Latest
Update
"Electronic Cleaning Solvents Market: Global Industry Analysis
(2012-2016) & Opportunity Assessment (2017-2027)"
with Industries Survey | Global Current Growth and Future.
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Growing preference of consumers towards the
adoption of high-end electronic equipment and their rising
penetration are dynamics on which the vendors of the related markets
are likely to capitalize on. The players in the market are thus
looking for ways to differentiate their products from their
competitors in order to enhance their market base and also sustain in
the competitive market in the long run. The demand for these
electronic cleaning solvents is likely to rise in the future owing to
the high usage of vulnerable electronics and the need to maintain
them properly.
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Asia
Pacific is expected to lead the global electronic cleaning solvents
market in the long run. It has been further projected that the region
will maintain its reign by the end of the forecast period and also
rise efficiently on the backdrop of numerous factors. Some of the
factors that can be credited with the growth of the region are the
rise in the disposable income of the consumers in the region and high
usage of electronic equipment in the region. This trend is expected
to gain traction in the forthcoming years, thus benefitting the
market for electronic cleaning solvents as well.
Moreover, the manufacturers in the region are focusing on better quality products in order to adhere to the environment regulations which have been laid forward by governments and several organizations. For instance, desirable product characteristics such as minimal ozone depletion and minimal contribution to global warming have been a key focus are of manufacturers during new product development.
Moreover, the manufacturers in the region are focusing on better quality products in order to adhere to the environment regulations which have been laid forward by governments and several organizations. For instance, desirable product characteristics such as minimal ozone depletion and minimal contribution to global warming have been a key focus are of manufacturers during new product development.
Electronics
Cleaning Solvents such as hydrofluorocarbons (HFCs) are being
considered for phasedown under global treaties such as the Montreal
Protocol on account of their high global warming potential, as well
as being restricted by various national regulatory bodies. Moreover,
growth in industrial automation and the growing production of
electronic goods will pave way for a growth in the demand for
electronic cleaning solvents..
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“Growth
in the European automotive industry to bode well for the electronic
cleaning solvents market in the region”
Automotive industry plays a crucial role in Europes fortune, accounting for around 6.3% of the regions GDP. Europe is among the worlds primary producers of motor vehicles with clean production. European vehicles are the cleanest, safest and quietest in the world. Vehicle manufacturing is the strategic industry in the Europe, where almost 18.5 Mn vehicles are manufactured annually. Moreover, automotive industry represents one of the largest private investors in research and development in Europe as well.
Within Europe, Germany is recognized as the economic powerhouse with its world class R&D infrastructure, skilled workforce, and industrial value chain integration from the electronics to automotive industry. These two industries have a turnover of over half a trillion. Over 50% of the electronics chips produced in the Europe are developed in Germany. These factors are expected to drive the demand for electronic components from the automotive industry, which in turn, is anticipated to drive the volume demand for electronics cleaning solvents from the automotive industry in the long run.
Automotive industry plays a crucial role in Europes fortune, accounting for around 6.3% of the regions GDP. Europe is among the worlds primary producers of motor vehicles with clean production. European vehicles are the cleanest, safest and quietest in the world. Vehicle manufacturing is the strategic industry in the Europe, where almost 18.5 Mn vehicles are manufactured annually. Moreover, automotive industry represents one of the largest private investors in research and development in Europe as well.
Within Europe, Germany is recognized as the economic powerhouse with its world class R&D infrastructure, skilled workforce, and industrial value chain integration from the electronics to automotive industry. These two industries have a turnover of over half a trillion. Over 50% of the electronics chips produced in the Europe are developed in Germany. These factors are expected to drive the demand for electronic components from the automotive industry, which in turn, is anticipated to drive the volume demand for electronics cleaning solvents from the automotive industry in the long run.
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