BIS Research Study Highlights the Global Electrical Contact Cleaner Market to Reach $1.02 Billion by 2031

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Jun 27, 2022, 08:00 ET

FREMONT, Calif., June 27, 2022 /PRNewswire/ -- The global electrical contact cleaner market is projected to reach $1.02 billion in terms of revenue by 2031, at a CAGR of 6.45%, suggests the premium market intelligence study by BIS Research.

The market for electrical contact cleaners is driven by the strong demand from major end-use industries such as maintenance, repair, and operations (MRO), automotive, consumer electronics, etc.

The strict regulation for the use of chlorofluorocarbons (CFC) and hydrofluorocarbons (HFC) in electrical contact cleaners has presented a significant challenge for the companies operating in the electrical contact cleaner market.

Moreover, the shortage of skilled laborers in end-use industries, ongoing container crisis, supply chain constraints, rising inflation, and volatility in the market are also posing significant challenges to the growth of the electrical contact cleaner market.

The detailed study is a compilation of 84 market data tables and 23 figures spread through 146 pages and in-depth TOC on "Global Electrical Contact Cleaner Market – Analysis and Forecast, 2022-2031"

Demand – Drivers and Limitations

Following are the demand drivers for the electrical contact cleaner market:

The reduction of performance of devices due to the rise in electric resistance in the contact areas giving rise to the use of electrical contact cleaners.
Highly compatible with contact surfaces such as metal, plastics, rubber gaskets, and others.

The market is expected to face some limitations too due to the following challenge:

Presence of volatile organic compounds (VOCs) in electrical contact cleaners causing severe health problems to the workers

Reasons to Buy This Report

This exclusive report on the global electrical contact cleaner market will help you in the following ways:

Market ranking analysis based on product portfolio, recent developments, and regional spread.
The analysis of key start-ups and patents analysis across various regions.

Analyst's Take on the Market:

According to Neha Singh, Sr. Research Associate, BIS Research, "The non-flammable products are witnessing the largest growth in the electrical contact cleaner market as they do not catch fire when the vapor or liquid comes in contact to open flames, sparks, or hot surfaces. Whereas, the rising health problems among the workers due to prolonged exposure to higher levels of chemicals and regulatory norms by the government are expected to affect the flammable product in future."

View the report on Global Electrical Contact Cleaner Market

Key Companies Operating in the Market and Competitive Landscape

The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

Companies in the Electrical Contact Cleaner Industry

3M
Henkel AG & Co. KGaA
Chemtronics
CRC Industries
WD-40 Specialist
Techspray
Ulbrich Group

Who Should Buy This Report?

The companies which are manufacturing and commercializing specialty carbon black. Also, end users involved in paints and coatings, plastics, packaging, and batteries, among others, should buy this report.

Request a Sample of this Report

Key Questions Answered in the Report:

What are the major factors and trends that are impacting the electrical contact cleaner market?
How has COVID-19 impacted the electrical contact cleaner market across the globe?
What are the steps taken by the existing players to improve their market positioning, and what are some of the key strategies adopted by new players entering this marketspace?
Which are the leading production technologies and end-use sectors in the market, and how are they going to perform in the coming years?
What are the latest developments across the globe for the electrical contact cleaner industry, and how are the consumption patterns?
For a new company looking to enter the electrical contact cleaner market, which areas could it focus upon to stay ahead of the existing competition?
What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.

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SOURCE BIS Research