Metal Cleaning Chemicals Market worth $16.5 Billion by 2025
CHICAGO, Sept. 23, 2020 /PRNewswire/ -- According to the new market research report "Metal Cleaning Chemicals Market by Cleaner Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum), by Ingredient (Surfactant, Chelating Agent, Solvent), by end-use industry (Manufacturing, Automotive & Aerospace) - Global Forecast to 2025", published by MarketsandMarkets™, the Metal Cleaning Chemicals Market size is projected to reach USD 16.5 billion by 2025, at a CAGR of 5.0% from USD 12.9 billion in 2020. Metal cleaning is referred to as washing or degreasing of metal parts in industrial applications.
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The general objective of metal cleaning is to remove foreign matter from the solid substrate. The purpose of the cleaning is to attain a surface condition that matches the requirements of post-process operations or finished parts. Metal parts and equipment must be cleaned from time to time to prevent damage and maintain efficiency of operations. Both organic and inorganic substances from lubricating oils, corroding metals, hard water, and others get deposited on metal parts. These are typically removed in a four-to-five step process, although this can vary depending on the exact nature of the scale (deposit).
Surfactant was the largest segment in the global metal cleaning chemical market in 2019.
Surfactant was the largest segment in the global metal cleaning chemical market in 2019. The inherent cleaning properties along with high usage in different application is expected to drive the demand for surfactant in metal cleaning chemical market. They are the most important ingredients of aqueous metal cleaning chemicals. Surfactants are mainly used as detergents, wetting agents, and emulsifiers.
The Steel segment accounts for the largest share of the metal cleaning chemical market in 2019.
The growth of the Metal Cleaning Chemicals Market can be attributed to the increase in APAC. APAC's demand for metals surged to roughly 70% of world consumption, and China and India are expected to drive the metal demand in the APAC region. Metal cleaning chemicals are required during pre-treatment and maintenance of metal.
Automotive & Transportation accounts for the largest share of the Metal Cleaning Chemicals Market in 2019.
Aircraft requires regular cleaning to prevent them from early wear and tear and to increase the product life. The automotive sector requires cleaning and polishing during the manufacturing and assembly stages. In this industry, regular tire cleaning, body cleaning, and window cleaning are also required. The aerospace sector also requires cleaning in the manufacturing and assembly stages. Metal cleaning chemicals are also required in regular cleaning of wheels and brakes, oxygen breathing systems, air conditioner components, flight and crew seats, hydraulic equipment, and flight control systems in the aerospace industry.
APAC is estimated to be the largest market for metal cleaning chemical during the forecast period.
The market in the region is also projected to register the highest CAGR during the forecast period. The high economic growth in developing countries and increasing disposable incomes have made APAC an attractive market for metal cleaning chemicals. The tremendous growth of industrial production, increased trade, and the rise in the demand for vehicles are primarily responsible for the high consumption of metal cleaning chemicals in the region. China, Japan, and India are the major markets for metal cleaning chemicals in APAC.
The key players profiled in the Metal Cleaning Chemicals Market report include as BASF SE (Germany), Evonik Industries AG (Germany), Stepan Company (US), Eastman Chemical Company (US), The Chemours Company (US), The Dow Chemical Company (US), Quaker Houghton (US), Nouryon (Netherland), 3M Company (US), Element Solutions (US), among others.
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