Global Metal Cleaning Chemicals Market Size, Trends, and Analysis - Forecasts To 2026 By Ingredients Type (Chelating Agent, Surfactant, Solvents, Alcohol, Glycol, Glycol Ethers, Terpenes, Solubilizers, pH Regulators, Others), By Cleaner Type (Aqueous, Solvent), By Metal Type (Steel, Copper, Aluminium, Others), By End-User (Automotive & Aerospace, Manufacturing, Healthcare, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Metal Cleaning Chemicals Market: Insights
Metal cleaning chemicals help in the production of parts that are used in durable goods, and automobiles among others. The global metal cleaning chemicals market will exhibit a peak growth rate from 2021-2026, due to the increasing demand for aqueous-based metal cleaning chemicals. Growing demand for metals from various industries such as automotive, manufacturing, aerospace, and construction among others is supporting the market growth. Rising concern towards industrial cleaning & maintenance, rising industrial infrastructural activities, and growing demand for bio-based alternatives are some of the drivers positively impacting the market growth.
Metal Cleaning Chemicals Market: By Ingredient Type
Based on the type, the market is explained into pH regulators, glycol ethers, chelating agents, solubilizers, surfactants, terpenes, solvents, and alcohol among others. The surfactant category is the largest shareholder over the estimated timeframe, due to the high usage of surfactants in different applications such as detergents, wetting agents, and fabric softeners among others.
Metal Cleaning Chemicals Market: By Cleaner Type
According to the type of cleaner analysis, the market is explained into two segments namely aqueous and solvent. In terms of revenue growth, the largest shareholder was the aqueous cleaner in 2020. The growing awareness among the population regarding the stringent environmental regulations (conventional metal cleaning) as well as regarding safety and hygiene are driving the market growth.
Metal Cleaning Chemicals Market: By End-User
Based on the study, the end-user market can be divided into four categories namely automotive & aerospace, manufacturing, and healthcare among others. The manufacturing sector is the prominent end-user and holds a major stake in the market. The chemicals are used to clean different parts of machines and equipment in the manufacturing industry. The growing manufacturing industries in the emerging economies are also supporting the market growth.
Metal Cleaning Chemicals Metal Cleaning Chemicals Market: By Region
The Asia Pacific region held the largest market share in terms of revenue generation. The growing investments in research and development, rising GDP, and disposable income in emerging countries are boosting regional growth. The expanding manufacturing sector and the presence of leading metal producers in the region are positively impacting the market. The increased demand for applications and products in the transportation, construction, and automobile industries is driving regional growth.
Metal Cleaning Chemicals Market Share & Competitor Analysis
Key players operating the market are The Dow Chemical Company, BASF SE, Element Solutions Inc, Evonik Industries AG, 3M Company, Stepan Company, Nouryon, Eastman Chemical Company, and The Chemours Company among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, Evonik expanded its manufacturing capability for developing high-performance polyamide Trogamid CX.
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The Global Metal Cleaning Chemicals Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Metal Cleaning Chemicals Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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