Metal Cleaning Chemical Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Cleaner Type (Aqueous, Solvent), By Metal Type (Steel, Aluminum, Copper, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Sep 2023
- Report Code : KSI061613835
- Pages : 146
The metal cleaning chemical market is predicted to grow at a CAGR of 4.72% from US$9.814 billion in 2021 to US$13.554 billion by 2028.
The rapidly expanding construction and automotive industries and increasing demand for aqueous-based metal cleaners are the primary factors driving market expansion. Chemicals used to clean metal are crucial when creating body parts. Metal cleaning chemicals are used to clean the metal components of cars. Vehicle production is rising on a global scale. Since metal cleaning chemicals are also used to remove metallic scale and corrosion products, they are also frequently used in the construction industry. Architectural forming, such as the production of showpieces where exceptional finishing is required, requires the use of metal cleaning solutions.
The metal cleaning chemical market is driven by the increasing need for aqueous-based metal cleaning solutions and the rising automotive and construction industries.
Trichloroethylene and other solvent compounds should not be used since they present significant environmental and health concerns. As a result, businesses are moving towards operating in a safe and sustainable manner and developing environmentally friendly products. An economical and environmentally friendly method of cleaning components and parts has been made possible by developing aqueous-based innovation and the increased need for green chemical-based cleaning substitutes. This enhances workplace safety and contributes to the reduction of industrial waste. The primary components of aqueous cleaning solutions are either animal or plant sources. They don't include poisons, synthetic materials, or other environmentally harmful materials because they are manufactured from renewable resources. Further, due to the world's manufacturing industries' expansion, the demand for clean metal cleaners is expected to grow. Heavy machinery and equipment used for transportation must be maintained to prevent interference with the machinery's functionality. As a result, the widespread use of metal cleaning solutions is necessary for optimal operating effectiveness.
Key Developments.
- Stepan Company (US) is concentrating on acquisitions to meet the rising demand for metal cleaning chemicals. In March 2020, Stepan Company completed its acquisition of Logos Technologies' NatSurFact Company, a line of bio-surfactants based on rhamnolipids and produced from renewable sources.
- Clariant announced the introduction of Vita 100% bio-based polyethylene glycols and surfactants in February 2022, which will indirectly address climate change. For its innovative surfactants and PEGs, Clariant produces ethylene oxide entirely from bioethanol produced from sugar cane or maize.
Based on metal type, the metal cleaning chemical market is expected to witness positive growth in the steel segment.
The segment is growing due to urbanization, rapid technological advancements, government initiatives, high demand for steel for industrial purposes, increasing demand from manufacturing industries, and growing concern towards industrial cleaning and maintenance. The steel industry is the main market for the metal cleaning chemical market. Cleaning metallic surfaces is a major problem in the steel industry. Therefore, industrial metal cleaners are utilized to address this problem. One of the biggest benefits of employing metal cleaning chemicals is that the metal equipment doesn't need to be disassembled and put back together after cleaning, and the cleaning doesn't harm the equipment by leaving regions that are more susceptible to corrosion than before.
According to the World Steel Association, after falling by 2.3% in 2022, finished steel utilization will increase by 1.0% in 2023. The economic environment in China had a significant influence on steel output, which decreased by 4% in 2022 and is expected to remain constant in 2023 because of lengthy COVID-19 mitigation techniques which led to a reduction in demand for real estate and building projects. Due to expenditure on infrastructure, high consumer demand, and growing demand in the automotive industry, finished steel product production in India rose in 2022. Owing to the production of steel, cleaning chemicals for the metal are anticipated to show steady growth during the forecast period.
North America accounted for a major share of the global metal cleaning chemical market, especially in the United States.
By geography, the metal cleaning chemical market has been segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The USA metal cleaning chemical market is projected to grow at a substantial rate. This growth is driven by the presence of major players such as The Dow Chemical Company, Eastman Chemical Company, and Huntsman Corporation. These companies have significant market shares in the metal-cleaning chemical industry, and their continued investments in research and development have enabled them to develop new and innovative metal-cleaning chemical products that meet the evolving needs of their customers. For instance, Huntsman Corporation invested in a new R&D facility in Texas in 2020. The new facility, located in The Woodlands, Texas, is dedicated to the development of new and innovative metal cleaning chemical products, as well as other speciality chemicals.
The manufacturing sector is a significant consumer of metal cleaning chemicals in the USA, and this demand is expected to grow in the coming years. Metal cleaning chemicals are essential for the production of advanced and sophisticated products, particularly in industries such as aerospace, defense, and electronics. The manufacturing sector requires clean metal surfaces for various applications, including metal stamping, machining, and welding. Moreover, the increasing demand for high-quality and reliable products from consumers is driving the growth of the manufacturing sector, further increasing the demand for metal cleaning chemicals. The use of metal cleaning chemicals is expected to play a crucial role in ensuring the quality and reliability of manufactured products, and this is expected to fuel the growth of the metal cleaning chemical market in the USA.
Metal Cleaning Chemical Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$9.814 billion |
Market Size Value in 2028 | US$13.554 billion |
Growth Rate | CAGR of 4.72% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023–2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Cleaner Type, Metal Type, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | BASF SE, The Chemours Company, Evonik Industries AG, The Dow Chemical Company, Stepan Company, Quaker Chemical Corporation, Eastman Chemical Company, Kyzen Corporation, Crest Chemicals, Dober, Enviro Tech International, Inc. |
Customization Scope | Free report customization with purchase |
Key Market Segments
- BY CLEANER TYPE
- Aqueous
- Solvent
- BY METAL TYPE
- Aluminum
- Copper
- Steel
- Others
- BY GEOGRAPHY
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- United Kingdom
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Taiwan
- Vietnam
- Others
- North America
Frequently Asked Questions (FAQs)
Metal Cleaning Chemical Market was valued at US$9.814 billion in 2021.
The global metal cleaning chemical market is predicted to grow at a CAGR of 4.72% over the forecast period.
The rapidly expanding construction and automotive industries and increasing demand for aqueous-based metal cleaners are the primary factors driving metal cleaning chemical market growth.
The metal cleaning chemical market is predicted to reach a market size of US$13.554 billion in 2028.
North America accounted for a major share of the global metal-cleaning chemical market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. METAL CLEANING CHEMICAL MARKET, BY CLEANER TYPE
5.1. Introduction
5.2. Aqueous
5.3. Solvent
6. METAL CLEANING CHEMICAL MARKET, BY METAL TYPE
6.1. Introduction
6.2. Aluminum
6.3. Copper
6.4. Steel
6.5. Others
7. METAL CLEANING CHEMICAL MARKET, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. North America Metal cleaning chemical Market Analysis, By Cleaner Type, 2021 to 2028
7.2.2. North America Metal cleaning chemical Market Analysis, By Metal Type, 2021 to 2028
7.2.3. North America Metal cleaning chemical Market Analysis, By Country, 2021 to 2028
7.2.3.1. The United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Metal cleaning chemical Market Analysis, By Cleaner Type, 2021 to 2028
7.3.2. South America Metal cleaning chemical Market Analysis, By Cleaner Type, 2021 to 2028
7.3.3. South America Metal cleaning chemical Market Analysis, By Country, 2021 to 2028
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Metal cleaning chemical Market Analysis, By Cleaner Type, 2021 to 2028
7.4.2. Europe Metal cleaning chemical Market Analysis, By Metal Type, 2021 to 2028
7.4.3. Europe Metal cleaning chemical Market Analysis, By Country, 2021 to 2028
7.4.3.1. Germany
7.4.3.2. The United Kingdom
7.4.3.3. France
7.4.3.4. Italy
7.4.3.5. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Metal cleaning chemical Market Analysis, By Cleaner Type, 2021 to 2028
7.5.2. Middle East and Africa Metal cleaning chemical Market Analysis, By Metal Type, 2021 to 2028
7.5.3. Middle East and Africa Metal cleaning chemical Market Analysis, By Country, 2021 to 2028
7.5.3.1. Saudi Arabia
7.5.3.2. The United Arab Emirates
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Metal cleaning chemical Market Analysis, By Cleaner Type, 2021 to 2028
7.6.2. Asia Pacific Metal cleaning chemical Market Analysis, By Metal Type, 2021 to 2028
7.6.3. Asia Pacific Metal cleaning chemical Market Analysis, By Country, 2021 to 2028
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Indonesia
7.6.3.6. Taiwan
7.6.3.7. Vietnam
7.6.3.8. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. BASF SE
9.2. The Chemours Company
9.3. Evonik Industries AG
9.4. The Dow Chemical Company
9.5. Stepan Company
9.6. Quaker Chemical Corporation
9.7. Eastman Chemical Company
9.8. Kyzen Corporation
9.9. Crest Chemicals
9.10. Dober
9.11. Enviro Tech International, Inc
BASF SE
The Chemours Company
Evonik Industries AG
The Dow Chemical Company
Stepan Company
Quaker Chemical Corporation
Eastman Chemical Company
Crest Chemicals
Dober
Enviro Tech International, Inc
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