The aqueous-based metal cleaners market size is expected to see strong growth in the next few years. It will grow to $15.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing adoption of automation and industry 4.0, increasing customized solutions, increasing demand for cleaning industry, increasing awareness. Major trends in the forecast period include continuous innovation, technology advancements, performance improvements, product developments.
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Segmentation & Regional Insights
The aqueous-based metal cleaners market covered in this report is segmented –
1) By Technology: Ultrasonic; Rinse; Dip; Spray
2) By Chemistry: Alkaline; Acidic; Neutral
3) By Cleaning Chemical: Builders; Sequestrants And inhibitors; Surfactants; Other Cleaning Chemicals
4) By End-User: Manufacturing; Automotive And Aerospace; Healthcare; Other End-Users
Asia-Pacific was the largest region in the aqueous-based metal cleaners’ market in 2023. The regions covered in aqueous-based metal cleanser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rapidly growing automotive and manufacturing industries are expected to propel the growth of the aqueous-based metal cleaner market going forward. The automotive industry refers to a business sector that involves the design, building, supply and trade of motor vehicles and manufacturing industries are sectors that convert commodities, primarily manufacturing enterprises. Aqueous-based metal cleaners provide a safe, environmentally friendly and cost-effective solution for removing contaminants and residues from metal surfaces in the automotive and manufacturing industries, ensuring manufactured products’ optimal performance and longevity. For instance, in July 2022, according to a report published by the European Automobile Manufacturers Association (ACEA), a Belgium-based automobile lobbying and standards group, the automobile trade created an annual net profit of $82.6 billion (€79.5 billion) for the European Union in 2021, a 4.6% increase over the previous year’s profit of $78.86 billion (€75.9 billion) in 2020. Further, in December 2022, according to a report published by the United Nations Industrial Development Organization (UNIDO), an Austria-based agency, global manufacturing production increased by 3.6% in the third quarter of 2022, following a 3.0% increase in the previous quarter and industrial economies expanded by 2.5% in the second quarter of 2022. Therefore, the rapidly growing automotive and manufacturing industries will drive the aqueous-based metal cleaner market.
Key Industry Players
Major players in the aqueous-based metal cleaners market are BASF SE, Aervoe Industries Inc., Dow Inc., Henkel AG & Co. KGaA, Evonik Industries AG, Emerson Electric Co., Indorma Ventures Public Limited, Eastman Chemical Company, The Chemours Company, Clariant AG, Nouryon B.V., Stepan Company, Ashland Global Holdings Inc., Quaker Chemical Corp, Zep Inc., CRC Industries Inc., Crest Industrial Chemicals Inc., Ashburn Chemical Technologies Co, Claire Manufacturing Company, Dober Chemical Corp., KYZEN Corporation, PCC Chemax Inc., Nugeneration Technologies LLC, Hubbard-Hall Inc., Cavalier Chemicals Inc.
The aqueous-based metal cleaners market report table of contents includes:
1. Executive Summary
2. Aqueous-Based Metal Cleaners Market Characteristics
3. Aqueous-Based Metal Cleaners Market Trends And Strategies
4. Aqueous-Based Metal Cleaners Market – Macro Economic Scenario
5. Global Aqueous-Based Metal Cleaners Market Size and Growth
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31. Aqueous-Based Metal Cleaners Market Other Major And Innovative Companies
32. Global Aqueous-Based Metal Cleaners Market Competitive Benchmarking
33. Global Aqueous-Based Metal Cleaners Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aqueous-Based Metal Cleaners Market
35. Aqueous-Based Metal Cleaners Market Future Outlook and Potential Analysis
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