Global Metal Cleaning Chemicals Market Share is Likely to Grow at a CAGR Value of 4.80% By 2028

02-Sep-2022 | Facts and Factors

According to Facts and Factors, the global metal cleaning chemicals market size was worth USD 13,194.20 million in 2021 and is estimated to grow to USD 17,480.38 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.80% over the forecast period. The report analyzes the metal cleaning chemicals market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the metal cleaning chemicals market.

Global Metal Cleaning Chemicals Market Size

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A chemical used for cleaning metals removes organic and inorganic substances from the surface that have accumulated on it due to corrosion oxides, oil, grease, grime, and other contaminants over time. The metal surfaces must be cleaned to avoid oxidation damage, and other contaminates. Hard water, organic elements like algae, bacteria, denatured proteins, animal fats, and hydrocarbons, and inorganic elements like carbonates, hydroxides, oxides, sulfides, sulfates, silicates, and phosphates, are all thought to contribute to metal corrosion. Chemicals for cleaning metal are used in the manufacturing, automotive, aerospace, and transportation sectors to clean heavy gear and equipment.

Browse the full “Metal Cleaning Chemicals Market Size, Share, Growth Analysis Report By Ingredients Type (Chelating Agent, Surfactants, Solvents, Solubilizers, pH Regulators, Others), By Cleaner Type (Aqueous, Solvent), By End-Use Industry (Automotive & Aerospace, Manufacturing, Healthcare, Others), By Metal Type (Steel, Copper, Aluminum, Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/metal-cleaning-chemicals-market

The widespread use of metals in heavy machinery and equipment across numerous end-use industries, such as automotive, aerospace, railways, electrical, electronics, metallurgy, chemicals, oil & gas, pharmaceuticals, and food & beverage, is primarily responsible for the market growth for metal cleaning chemicals. The market for metal cleaning chemicals is also being stimulated by growing concerns about industrial cleaning and maintenance. Environmental laws that limit the use of harmful chemicals have been predicted to reduce consumer demand in industrialized nations. The need for bio-based and ecologically friendly chemicals is also expected to assist the market for chemicals used to clean metal.

The global metal cleaning chemicals market is segregated based on ingredients type, cleaner type, end-use industry, metal type, and region. Based on ingredients type, the market is divided into the chelating agent, surfactants, solvents, solubilizers, pH regulators, and others. Among these, the surfactant segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on cleaner type, the market is classified into aqueous and solvent. In 2021, the aqueous category dominated the global market. Based on the end-use industry, the market is classified into automotive & aerospace, manufacturing, healthcare, and others. The manufacturing segment dominated the market in 2021. Based on metal type, the market is classified into steel, copper, aluminum, and others. The steel category dominated the market in 2021.

The global metal cleaning chemicals market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In 2021, North America was expected to control the global market for metal cleaning chemicals. Eco-friendly metal cleaning chemicals are experiencing market expansion in North America due to several factors, including rising consumer awareness of environmental protection and government regulation. One of the main factors boosting the demand for metal cleaning in the area is the rapid growth of industrial production, increased trade, and an increasing number of vehicles. As a result, metal cleaning chemicals are consumed quite heavily in the area.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 13,194.20 Million

Projected Market Size in 2028

USD 17,480.38 Million

CAGR Growth Rate

4.80% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

BASF SE, Evonik Industries AG, Stepan Company, Eastman Chemical Company, The Chemours Company, The Dow Chemical Company, Quaker Houghton, Nouryon, 3M Company, Element Solutions, and Others

Key Segment

By Ingredients Type, Cleaner Type, End-Use Industry, Metal Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global 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, and Element Solutions, among others.

Recent Development:

  • July 2020: In North America, Evonik launched TOMADOL 904, a multifunctional surfactant used for hard surface cleaning. As a result of this launch, customers will be able to make their cleaning products more sustainable.

Global Metal Cleaning Chemicals Market is segmented as follows:

By Ingredients Type

  • Chelating Agent
  • Surfactant
  • Solvents
  • Solubilizers
  • pH Regulators
  • Others

By Cleaner Type

  • Aqueous
  • Solvent

By End-Use Industry

  • Automotive & Aerospace
  • Manufacturing
  • Healthcare
  • Others

By Metal Type

  • Steel
  • Copper
  • Aluminum
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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