The global metal cleaning chemicals market will grow to USD 18.2 billion by 2027, at a CAGR of 5.1% from USD 14.1 billion in 2022. The metal cleaning chemicals market is mainly driven by the growing preference for aqueous-based metal cleaning, need for metal precision cleaning, and the rising need for industrial cleaning & maintenance are the major factors driving the metal cleaning chemicals market. The major restraints of this market are the toxicity and health issues caused by a few of these chemicals and the impact of these chemicals on the environment.
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BASF SE (Germany), Evonik Industries AG (Germany), Eastman Chemical Company (US), Quaker Chemical Corporation (US), Stepan Company (US), The Chemours Company (US), and The Dow Chemical Company (US), among others are the major players in this market.
BASF SE engages in the production and sales of a wide range of chemicals and intermediate solutions. The company operates its business through seven segments, namely, chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. The company provides metal cleaners through its surface technologies segment, which operates through two divisions- Catalysts and Coatings. The company acquired Albemarle’s global surface treatment business, Chemetall, in 2016.
- The surface treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, opened its first regional innovation and technology center for applied surface treatment technology in Shanghai, China.
- Chemetall came into a conclusive agreement with Polymer Ventures to acquire its automotive paint detackification business and shares of Galaxy Chemical Corporation.
Stepan Company is a global producer of specialty and intermediate chemicals, which are sold to other manufacturers and used in various end products. The company’s stocks are listed on New York Stock Exchange (NYSE). Metal cleaning chemicals form part of the surfactants business, which represents the major share of the company’s revenues. Stepan Company has 10 subsidiaries worldwide in North America, Europe, South America, and Asia Pacific.
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- Stepan Company announced the completion of its acquisition of the surfactant business and associated assets of PerformanX Specialty Chemicals, LLC. The acquisition includes intellectual property, commercial relationships, and inventory.
- Stepan Company announced the complete acquisition of a Fermentation Plant located in Lake Providence, Louisiana, US. The company will commercialize next-generation biosurfactants in that plant.
- Quaker Chemical Corporation engages in the manufacture of industrial process fluids, continually improving and innovating so the world’s steel, aluminum, automotive, aircraft, machinery and industrial parts manufacturers, staying ahead in this evolving world. The company provides its products through three different segments, namely metalworking, primary metals, and global specialty businesses. The company caters to more than 15,000 customers from 140 countries around the world. It has 34 production bases, employing 4,700 employees in Asia Pacific, North America, South America, Europe, and the Middle East & Africa
- Company acquired a business related to the sealing and impregnation of metal castings for the automotive sector, as well as impregnation resin and impregnation systems for metal parts.
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