The metal cleaning chemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Metal Cleaning Chemicals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The metal cleaning chemicals market size has grown strongly in recent years. It will grow from $16.93 billion in 2023 to $17.89 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to automotive industry expansion, stringent environmental regulations, rise in aerospace manufacturing, focus on product quality, growing electronics industry, oil and gas exploration activities.
The metal cleaning chemicals market size is expected to see strong growth in the next few years. It will grow to $22.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising demand for sustainable solutions, emergence of electric vehicles, global expansion of renewable energy projects, medical device manufacturing, focus on corrosion prevention. Major trends in the forecast period include advancements in cleaning technologies, customized solutions for different metals, automation and industry 4.0 integration, market consolidation and strategic partnerships, water-based formulations.
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Scope Of Metal Cleaning Chemicals Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Metal Cleaning Chemicals Market Overview
Market Drivers –
The surging demand for metals is expected to propel the growth of the metal cleaning chemicals market going forward. Metals are naturally occurring substances characterized by high electrical and thermal conductivity. Metal cleaning chemicals are used for cleaning and protecting the surface of metals from rusting and corrosion. Hence, metal cleaning chemicals find application in metal manufacturing processes. For instance, according to the World Bank, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects, the global metal demand increased by nearly 4% in Q3 of 2021. The manufacturing PMI (Purchasing Managers Index) increased to 54.3 in October. Furthermore, according to Moody’s Investors Service, a US-based company providing bond credit rating services, steel demand in India is expected to increase by approximately 10% throughout 2022. Therefore, the increasing demand for metals is driving the growth of the metal cleaning chemicals market forward.
Market Trends –
Technology advancement is a key trend gaining popularity in the metal cleaning chemicals market. Major companies operating in the metal cleaning chemicals market are introducing new technologically advanced products to strengthen their market position. For instance, in June 2022, Oxiteno S.A., a Brazil-based manufacturing company of metal cleaning chemicals, announced that it would launch two product lines, the Reactive Surfactant OXIMULSION REACT, and the OXITIVE 8000 Dispersant Agent, at ABRAFATI 2022. The new solutions were developed after significant study and are intended to address formulators’ issues as well as market demands and trends. Oxiteno collaborates closely with clients to understand problems, develop solutions, and discover possibilities for existing technology to evolve. Oxiteno investigated and created the Reactive Dispersant and Surfactant lines that integrate performance with excellent sustainability.
The metal cleaning chemicals market covered in this report is segmented –
1) By Ingredients: Chelating Agent, Surfactant, Solvents, Solubilizers pH Regulators, Other Ingredients
2) By Cleaner: Aqueous, Solvents
3) By Applications: Steel, Aluminum, Copper Alloys, Brass, Other Applications
4) By End-Use Industry: Automotive and Aerospace, Manufacturing, Healthcare, Other End-Use Industries
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Regional Insights –
Asia-Pacific was the largest region in the metal cleaning chemicals market in 2023. The regions covered in the metal cleaning chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the metal cleaning chemicals market report are Air Products and Chemicals Inc., DuPont de Nemours Inc., Emerson Electric Company, Houghton International Inc., Oxiteno SA, Rochester Midland Corporation, Stepan Company, The Chemours Company, Badische Anilin und Soda Fabrik, NuGenTec Company, KYZEN Corporation, Lincoln Chemical Corporation, Delstar Metal Finishing Inc., Crest Chemicals, Zavenir Daubert India Pvt. Ltd., Modern Chemical Inc., Hubbard Hall Inc., Israel Chemicals Ltd, PCC Chemax Inc., Zep Inc., Chemetall GmbH, Diversey Inc., Henkel AG & Co KGaA, 3M Company, Nihon Parkerizing Co. Ltd., Aervoe Industries Inc., Corrosion Reaction Consultants Ltd., Luster-On Products Inc., Metalloid Corporation, Oakite Products Inc., The DeBruce Companies, The HallStar Company, The Valspar Corporation, Troy Chemical Industries Inc., U.S. Polychemical Corporation, Valtech Corporation, Zaclon LLC .
Table of Contents
- Executive Summary
- Metal Cleaning Chemicals Market Report Structure
- Metal Cleaning Chemicals Market Trends And Strategies
- Metal Cleaning Chemicals Market – Macro Economic Scenario
- Metal Cleaning Chemicals Market Size And Growth
…..
- Metal Cleaning Chemicals Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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