Aqueous
Metal Cleaning Chemicals Market Size, Share, Growth Analysis, By Type(Aqueous and solvent), By Application(Manufacturing, healthcare) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2265 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Metal Cleaning Chemicals Market Insights
Metal Cleaning Chemicals Market size was valued at USD 13.33 billion in 2021 and is poised to grow from USD 14 billion in 2022 to USD 20.68 billion by 2030, at a CAGR of 5% during the forecast period (2023-2030).
The global metal cleaning chemicals market is experiencing significant growth and is characterized by a wide range of cleaning solutions and products specifically designed for metal surfaces. The market is driven by several factors, including the growing industrialization and urbanization across various regions, increasing demand for metal cleaning chemicals in automotive and aerospace industries, and stringent regulations regarding environmental sustainability and worker safety. The market offers various types of metal cleaning chemicals such as aqueous cleaners, solvent-based cleaners, acid-based cleaners, and others, catering to diverse cleaning requirements. Aqueous cleaners are witnessing substantial demand due to their eco-friendly nature and efficient cleaning properties. The automotive sector holds a significant share in the market due to the need for metal cleaning in vehicle production, maintenance, and repair processes. Additionally, the rising demand for clean and corrosion-free metal surfaces in the electronics, manufacturing, and healthcare sectors further drives the market growth. Geographically, Asia Pacific dominates the global market owing to rapid industrialization, expanding manufacturing activities, and increasing automotive production in countries like China, India, and Japan. North America also contribute significantly to the market share due to the presence of well-established automotive and aerospace industries. Key players in the market focus on product innovation, research and development, strategic partnerships, and mergers and acquisitions to gain a competitive edge. However, challenges such as fluctuating raw material prices and the availability of eco-friendly alternatives may hinder the market growth to some extent. Nevertheless, the global market is poised for continued expansion in the foreseeable future, driven by the increasing demand for efficient and sustainable metal cleaning solutions across various industries.
US Metal Cleaning Chemicals Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot
Largest Segment
Fastest Growth
Aqueous
Global Metal Cleaning Chemicals Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Metal Cleaning Chemicals Market By Type ($ Bn)
Global Metal Cleaning Chemicals Market By Type (%)
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Metal Cleaning Chemicals Market Segmental Analysis
Global Metal Cleaning Chemicals Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Aqueous and solvent. Based on application, the market is segmented into Manufacturing, healthcare, automotive and aerospace and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Metal Cleaning Chemicals Market Analysis By Type
The dominant segment in the global metal cleaning chemicals market is aqueous cleaners. Aqueous cleaners are witnessing substantial demand due to their eco-friendly nature and efficient cleaning properties. They are widely preferred over solvent-based cleaners due to their ability to effectively remove contaminants from metal surfaces without causing harm to the environment or posing health risks to workers. Aqueous cleaners offer advantages such as low VOC emissions, easy disposal, and compatibility with a wide range of metals. The increasing emphasis on sustainability and environmental regulations has further boosted the demand for aqueous cleaners in various industries, including automotive, aerospace, electronics, and healthcare.
The fastest growing segment in the global metal cleaning chemicals market is solvent-based cleaners. Solvent-based cleaners are witnessing rapid growth due to their exceptional cleaning efficiency and ability to remove tough contaminants such as grease, oil, and adhesives from metal surfaces. These cleaners are often preferred in applications where water-based solutions may not be suitable or effective. Solvent-based cleaners offer advantages such as fast evaporation, high solvency power, and compatibility with a wide range of metals. The growing demand for solvent-based cleaners can be attributed to the expanding industrial and manufacturing sectors, particularly in emerging economies. Additionally, industries such as automotive, aerospace, and machinery manufacturing rely on solvent-based cleaners for critical cleaning applications, contributing to their significant growth in the market.
Metal Cleaning Chemicals Market Analysis By Application
The dominant segment in the global metal cleaning chemicals market is the automotive and aerospace industry. The automotive and aerospace sectors have stringent cleanliness and quality requirements for metal components and surfaces used in the production, maintenance, and repair processes. Metal cleaning chemicals play a crucial role in ensuring the removal of contaminants, such as oils, greases, and residues, from various metal parts, including engines, chassis, aircraft components, and precision instruments. The demand for metal cleaning chemicals in these industries is driven by the need for efficient and reliable cleaning solutions to maintain the performance, durability, and safety of the metal components used in vehicles and aircraft. Additionally, the growing production and sales of automobiles and the increasing air travel demand are further propelling the dominance of the automotive and aerospace segment in the market.
The fastest growing segment in the global metal cleaning chemicals market is the healthcare industry. The healthcare sector, including hospitals, medical device manufacturers, and pharmaceutical companies, relies on metal cleaning chemicals for maintaining hygiene and ensuring the sterilization of metal instruments and equipment. Metal cleaning chemicals are essential in removing contaminants, such as blood, bodily fluids, and pathogens, from surgical instruments, medical implants, and other metal surfaces used in healthcare facilities. The increasing focus on infection control, patient safety, and regulatory compliance has led to the growing demand for effective metal cleaning solutions in the healthcare sector. Furthermore, the rising investments in healthcare infrastructure, technological advancements in medical devices, and the growing awareness of healthcare-associated infections are driving the rapid growth of metal cleaning chemicals in the healthcare industry.
Global Metal Cleaning Chemicals Market By Type, 2023 (%)
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Metal Cleaning Chemicals Market Regional Insights
The dominant region in the global metal cleaning chemicals market is Asia Pacific. Asia Pacific holds the largest market share in terms of consumption and revenue generation. The region's dominance can be attributed to rapid industrialization, expanding manufacturing activities, and the presence of key end-use industries such as automotive, electronics, and healthcare. Countries like China, India, and Japan are witnessing significant growth in automotive production and infrastructure development, driving the demand for metal cleaning chemicals. Moreover, the region's large population, rising disposable incomes, and urbanization are fueling the growth of various industries, leading to increased demand for metal cleaning chemicals in Asia Pacific.
The fastest growing region in the global metal cleaning chemicals market is the Middle East and Africa (MEA). The MEA region is experiencing rapid industrialization, urbanization, and infrastructure development, resulting in a surge in manufacturing activities across various sectors. Industries such as automotive, aerospace, construction, and oil and gas are expanding in the region, driving the demand for metal cleaning chemicals. Additionally, the growing healthcare sector and increasing investments in healthcare infrastructure are contributing to the demand for metal cleaning chemicals in medical equipment and facilities. The MEA region is also witnessing a rise in foreign investments and technological advancements, further propelling the growth of the metal cleaning chemicals market.
Global Metal Cleaning Chemicals Market By Geography,
- Largest
- Fastest
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Metal Cleaning Chemicals Market Dynamics
Metal Cleaning Chemicals Market Drivers
Increasing demand for clean and corrosion-free metal surfaces across various industries
- One key driver of the global metal cleaning chemicals market is the increasing demand for clean and corrosion-free metal surfaces across various industries. Industries such as automotive, aerospace, electronics, manufacturing, and healthcare require metal components and surfaces that are free from contaminants and corrosion for optimal performance, safety, and longevity. Metal cleaning chemicals play a crucial role in achieving these requirements by effectively removing dirt, oils, greases, rust, and other impurities from metal surfaces. The growing emphasis on quality, productivity, and sustainability in industrial processes drives the demand for efficient metal cleaning solutions, thereby propelling the market growth.
Metal Cleaning Chemicals Market Restraints
Fluctuating prices of raw materials
- One key restraint of the global metal cleaning chemicals market is the fluctuating prices of raw materials. Metal cleaning chemicals are formulated using various raw materials such as surfactants, solvents, acids, and corrosion inhibitors. The prices of these raw materials are subject to volatility due to factors like availability, supply-demand dynamics, and geopolitical events. Fluctuating raw material prices can impact the manufacturing costs of metal cleaning chemicals, thereby affecting the pricing and profitability of the market players. Additionally, sudden price fluctuations may disrupt the supply chain and lead to uncertainties in production and distribution. Market participants need to closely monitor and manage raw material costs to mitigate the impact of this restraint and maintain competitive pricing in the market.
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Metal Cleaning Chemicals Market Competitive Landscape
The competitive landscape of the global metal cleaning chemicals market is characterized by intense competition among key players striving to capture a significant market share. These players focus on product innovation, research and development, strategic partnerships, and mergers and acquisitions to gain a competitive edge. The market is highly fragmented, with a mix of established manufacturers and emerging regional players. Key factors driving competition include the ability to offer efficient and sustainable metal cleaning solutions, strong distribution networks, and adherence to regulatory standards. Additionally, market participants strive to differentiate themselves by providing customized solutions tailored to specific industry requirements. Continuous advancements in technology and increasing investments in R&D activities further contribute to the competitive nature of the market.
Metal Cleaning Chemicals Market Top Player’s Company Profiles
- Eastman Chemical Company (US)
- Air Products and Chemicals, Inc. (US)
- Stepan Company (US)
- Dow (US)
- Quaker Chemical Composition (UK)
- Rochester Midland Corp (US)
- Emerson Electric Co. (US)
- Oxiteno (Brazil)
- The Chemours Company (US)
- MODERN CHEMICALS (US)
- Hubbard-Hall (US)
- PCC Chemax Inc. (US)
- NuGenTec (US)
- KYZEN CORPORATION (US)
- Lincoln Chemical Corporation (US)
- Delstar Metal Finishing, Inc. (US)
- Crest Chemicals (US)
Metal Cleaning Chemicals Market Recent Developments
- In October 2022, BASF's Coatings division, specifically its surface treatment global business unit operating as Chemetall, inaugurated its first regional innovation and technology center for applied surface treatment technology in Shanghai, China.
- In September 2022, Stepan Company successfully finalized the acquisition of the surfactant business and related assets of PerformanX Specialty Chemicals, LLC. This acquisition encompasses intellectual property, commercial partnerships, and inventory.
- In February 2021, Stepan Company completed the acquisition of the Fermentation Plant located in Lake Providence, Louisiana, USA. This facility will serve as the production site for next-generation biosurfactants developed by the company.
Metal Cleaning Chemicals Key Market Trends
- Growing demand for eco-friendly and sustainable cleaning solutions: One key market trend in the global metal cleaning chemicals market is the growing demand for eco-friendly and sustainable cleaning solutions. With increasing awareness and emphasis on environmental sustainability, there is a rising preference for metal cleaning chemicals that have minimal impact on the environment and human health. Customers are seeking products that are biodegradable, have low VOC (Volatile Organic Compounds) emissions, and comply with stringent regulatory standards. Manufacturers are investing in research and development to develop innovative, eco-friendly formulations that offer efficient cleaning performance while minimizing their environmental footprint. This trend reflects the industry's shift towards sustainable practices and the adoption of greener alternatives in metal cleaning processes.
Metal Cleaning Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Metal Cleaning Chemicals Market analysis, the global market is experiencing significant growth driven by factors such as industrialization, urbanization, and the need for efficient cleaning solutions across various industries. Aqueous cleaners are the dominant segment due to their eco-friendly nature and efficient cleaning properties. The automotive and aerospace industry holds a significant share in the market, while the healthcare sector is the fastest growing segment. Asia Pacific dominates the market, followed by North America and Europe. The market is highly competitive, with players focusing on innovation and strategic partnerships. Fluctuating raw material prices pose a challenge. However, the market is expected to continue expanding due to the increasing demand for sustainable metal cleaning solutions.
| Report Metric | Details |
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| Market size value in 2023 | |
| Market size value in 2031 | |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Metal Cleaning Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Metal Cleaning Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Metal Cleaning Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metal Cleaning Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metal Cleaning Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Cleaning Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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