The rise in the demand for metals and a surge in industrial cleaning and maintenance is driving the demand for the market.
Market Size – USD 18.50 billion in 2019, Market Growth - CAGR of 4.8%, Market trends – Increase in demand for sustainable, eco-friendly products.
The global Metal Cleaning Chemicals Market is forecast to reach USD 27.03 Billion by 2027, according to a new report by Reports and Data. Chemicals used for metal cleaning are used to wash off inorganic and extraneous materials from the metal’s surface. They are used to remove any oil, unwanted surfaces, grease, corrosion oxides, and other particulates that can damage the performance efficiency of the metals. Cleaning of metals prevents the corrosion of the product and removes fouling by organic materials such as microbes, algae, animal fats, and hydrocarbons, and inorganic materials such as hydroxides, sulfides, silicates, carbonates, and phosphates, among others.
Chemicals used for metal cleaning are used to clean heavy machines and equipment in automotive, manufacturing, transportation, and aerospace. Heavy machinery and equipment being used in the transportation and manufacturing sector requires consistent maintenance and sustain performance efficiency. Major growth in the demand among end-users for these chemicals is propelling the market in the Asia Pacific region. However, stringent regulations regarding the usage of non-toxic chemicals will hamper the growth of the market. The emergence of environmentally sustainable and bio-based chemicals is expected to create ample growth opportunities during the forecast period
The Asia Pacific dominated the market due to a growth in aerospace, manufacturing, metal & mining, automotive, industries. Developed countries such as Japan, China, and India are expected to propel the demand for metal cleaning chemicals in the coming years. The Asia Pacific is anticipated to grow with the fastest CAGR during the forecast period. North America and Europe will witness a slow demand during the forecast period.
The COVID-19 impact:
The spread of the Coronavirus has also already impacted foundries. The foundries have been closed, stopping further production along with overstocked inventories. Another issue regarding foundries is that requirement for cast components is diminished by the far-reaching production stop in the industrial and automotive sectors. This has hit especially hard medium and small factories, which generate mainly components for the industry. The market for chemicals for cleaning metals is witnessing sluggish growth, but the demand is anticipated to pick up after the lockdown has been lifted from the developing regions.
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Further key findings from the report suggest
- Aqueous cleaning chemicals consist of detergents containing surfactants such as alkylphenol ethoxylates, linear alkylbenzene sulphonates, or alcohol ethoxylates, and anticorrosives like ethanolamines. The cleaning efficiency of the product depends on physiochemical phenomena such as emulsification, sequestration, wetting, solubilization, dispersion, and saponification, and is enhanced by mechanical and thermal energy.
- The steel industry held a larger market share of 4.9% in the year 2019. Cleaning the metallic surface is a general quandary, and to resolve the issue, metal cleaners are used. The high level of production of steel is fostering the demand for the market. World Steel Association, in 2018, declared Asia produced 1278.0 Mt of crude steel, which was an increase of 5.6% as compared to 2017.
- The manufacturing sector has been witnessing an increase in the Asia Pacific region, especially in China, Japan, India, and Indonesia. The growth rate of manufacturing industries in China is expected to double in the coming years, according to the Chinese ministry of commerce. The Government of India released the same data, in which there is expected to be a 4% increase in the next two years in the manufacturing sector. This is expected to benefit the market for metal cleaning chemicals.
- Europe is forecasted to hold the second-largest share in the market. The region will witness stable growth on account of growing manufacturing, automotive, and rising demand from nations such as Italy, France, and Spain. Moreover, the presence of key market players is also encouraging market demand.
- Key participants include Stepan Company, Houghton International Inc., Eastman Chemical Company, Air Products and Chemicals, Inc., The DOW Chemical Company, Quaker Chemical Corporation, Oxiteno, Rochester Midland Corporation, Emerson Electric, and Eastman Chemical Company, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/metal-cleaning-chemicals-market
For the purpose of this report, Reports and Data have segmented the global Metal Cleaning Chemicals Market on the basis of Chemical Type, End-Use, Application, and region:
Chemical Type Outlook (Revenue, USD Billion; 2017-2027)
- Aqueous
- Solvent
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Automotive
- Construction
- Manufacturing
- Appliances and Utensils
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Steel
- Copper
- Aluminum
- Others
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The Metal Cleaning Chemicals market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the metal cleaning chemicals market include BASF SE, Evonik Industries AG, Stepan Company, Eastman Chemical Company, The Chemours Company, The Dow Chemical Company, Quaker Houghton, Nouryon, 3M Company, Element Solutions, among others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Metal Cleaning Chemicals Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/metal-cleaning-chemicals-market/download-sampleMarket DynamicsThe predominant factor that is propelling the global metal cleaning chemicals market is the growing demand for metals in end-use industries.
The other significant factor which is contributing to the growth includes increasing awareness about cleaning & maintenance in industries along with worker’s safety.
Growing demand for precision metal cleaning, the inclined trend towards aqueous-based cleaning materials, and entry of innovative, green bio-based metal cleaning solutions in the market are the imperative factors that are supporting the market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
Solvent Based Metal Cleaning Agent market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Solvent Based Metal Cleaning Agent market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Solvent Based Metal Cleaning Agent market is segmented into:AcidicAlkalineNeutralDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/58265/global-japan-solvent-based-metal-cleaning-agent-2026-578Segment by Application, the Solvent Based Metal Cleaning Agent market is segmented into:Refrigeration IndustryAutomobile IndustryElectroplating IndustryPrecision MachiningOthersRegional and Country-level Analysis:The Solvent Based Metal Cleaning Agent market is analysed and market size information is provided by regions (countries).The key regions covered in the Solvent Based Metal Cleaning Agent market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Solvent Based Metal Cleaning Agent Market Share Analysis:Solvent Based Metal Cleaning Agent market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
