The global metal cleaning chemicals market size is projected to reach USD 16.5 billion by 2025 from USD 12.9 billion in 2020, at a CAGR of 5.0%. Growth in Industrialization in APAC post COVID-19, coupled with the rise in number of industries in emerging economies are key factors expected to drive the global metla cleaning chemical market during the forecast period.
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Bio-based cleaning chemicals have plant and/or animal materials as their main ingredients. They are made from a renewable resource, and with some exceptions, they generally do not contain synthetics, toxins, or environmentally damaging substances. These chemicals are witnessing increasing demand in European and North American regions as a result of government regulations and initiatives promoting the use of bio-based materials. Companies are now innovating and offering bio-based alternatives in the market. For instance, Gemtek Products offers SC Aircraft and Metal Cleaners, which is a bio-based aircraft and metal cleaning product. It is a versatile product suitable for removing oils, fluids, carbon, fuels, and other common contaminants from aluminum, sensitive magnesium, aircraft exterior and parts, aerospace manufacturing, ground support equipment. The use of bio-based alternatives helps to avoid any hazardous conditions as they do not react with other chemicals. The use of bio-based alternatives also prevents the use of any special personal protective equipment (PPE), which saves costs and aids worker safety. It can also be stored indefinitely and is safe to use and dispose of.
Manufacturing was the largest end-use industry in the global metal cleaning chemical market.
Metal cleaning chemicals are used in the manufacturing industry to clean various equipment during manufacturing operations. The growing manufacturing industry in China and India are major consumers in this segment. The market in the manufacturing sector is drive by the expansion of this industry in China and India. The manufacturing industry in developed countries, such as the US and Germany, is experiencing steady growth because of the slow growth of the economy. Thus, the metal cleaning chemicals market in developed countries is expected to witness moderate growth.
APAC is expected to be the largest market during the forecast period, in terms of both volume and value.
The market in the region is also projected to register the highest CAGR during the forecast period. The high economic growth in developing countries and increasing disposable incomes have made APAC an attractive market for metal cleaning chemicals. The tremendous growth of industrial production, increased trade, and the rise in the demand for vehicles are primarily responsible for the high consumption of metal cleaning chemicals in the region. China, Japan, and India are the major markets for metal cleaning chemicals in APAC.
The key players profiled in the report include as BASF SE (Germany), Evonik Industries AG (Germany), Stepan Company (US), Eastman Chemical Company (US), The Chemours Company (US), The Dow Chemical Company (US), Quaker Houghton (US), Nouryon (Netherland), 3M Company (US), Element Solutions (US), among others
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