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Metal Degreaser Market

Metal Degreaser Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Metal Degreaser Market: Introduction

  • Metal degreasers are used to remove grease and oil from a metal surface. They are utilized to remove oils and oil-borne soils from surfaces that have been die-cast, machined, stamped, welded, etc., to prevent damage and enhance performance efficiency. They remove fouling caused by inorganic materials (such as phosphates, silicates, carbonates, sulfates, sulfides, and hydroxides) and organic materials (such as hydrocarbons, animal fats, algae, denatured protein residues, and microbes,). Metal cleaning chemicals are employed to clean equipment and heavy machinery employed in industries such as manufacturing, automotive, aerospace, and transportation. Metal degreaser comprises corrosion inhibitors that protect the metal surface during cleaning.
  • Various types of metal degreasers including acidic, alkaline, and solvent are commercially available

Key Drivers of Global Metal Degreaser Market

  • Surge in demand for heavy machinery and equipment in various industries, such as automotive, aerospace and manufacturing, is anticipated to drive the global metal degreaser market during the forecast period, as heavy machinery and equipment used in these industries require regular maintenance to sustain performance efficiency
  • Rise in demand for steel to offer long shelf-life and esthetic appearance to building on account of ongoing investments in the construction industry, primarily in developing and developed nations, is likely to drive the global metal degreaser market during the forecast period. Expansion of the construction industry is attributed to improvement in living standards, population migration from rural to urban areas, and strong economic growth.

Automobile Industry Segment Expected to Hold a Major Share of Global Metal Degreaser Market

  • The global metal degreaser market can be segmented based on type, end-user, and region
  • Based on type, the global metal degreaser market can be classified into solvents, alkaline, acidic, and others. The solvent segment held a major share of global metal degreaser market. Solvent based metal degreaser offers non-flammable, non-corrosive, low emission, and possesses non-hazardous properties, which make it highly suitable for adoption.
  • In terms of end-user, the global metal degreaser market can be split into automobile, electronics, aircraft, consumer goods and others. The automotive segment is expected to expand considerably during the forecast period, due to a rise in the demand for regular maintenance of vehicle parts to enhance performance efficiency.

North America to Account for Prominent Share of Global Metal Degreaser Market

  • In terms of region, the global metal degreaser market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • The metal degreaser market in North America is expected to expand at a moderate CAGR during the forecast period. Expansion of the market in the region can be ascribed to a shift in trend toward the adoption of aqueous-based metal cleaners in several industries such as electronics, aircraft, and consumer goods.
  • The metal degreaser market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to an increase in investments in the manufacturing sector primarily in developed and developing economies such as Japan, South Korea, India, and China. Introduction of various programs, such as Make in India and sector specific incentives to various manufacturing companies, are key factors that are likely to attract investments in the manufacturing sector in Asia Pacific during the forecast period For instance, according to the India Brand Equity Foundation, the manufacturing sector in India attracted Foreign Direct Investment of worth US$ 89.15 billion between April 2000 and December 2019.
  • The metal degreaser market in Europe is projected to expand at a moderate pace during the forecast period. Expansion of the market in the region can be attributed to the presence of large number of automobile companies. Increase in demand for regular maintenance of automobile parts to optimize performance is likely to boost the demand for metal degreaser in the automotive industry.
  • The metal degreaser market in Latin America and Middle East & Africa is anticipated to expand at a rapid pace during the forecast period, owing to a surge in the demand for passenger cars in countries in the Middle East owing to increase in per capita income and number of complete knock down plants in the sub-region

Key Players Operating in Global Metal Degreaser Market

  • The global metal degreaser market is fragmented as a large number of regional and international players are present in the market. Leading companies operating in the global metal degreaser market include
  • CTEC
  • Ecolink.com
  • Envirofluid
  • Avudai
  • Zep, Inc. 
  • Crest Chemicals.
  • Nyco Products Company.
  • CYNDAN Chemicals.
  • Mil-Comm Products Company

Global Metal Degreaser Market: Research Scope

Global Metal Degreaser Market, by Type

  • Solvents
    • Oxygenated solvents
    • Hydrocarbon solvents
    • Halogenated solvents
    • Others
  • Alkaline Type
  • Acidic Type
  • Others

Global Metal Degreaser Market, by End-user

  • Automobile
  • Electronics
  • Aircraft
  • Consumer Goods
  • Others

Global Metal Degreaser Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Sweden
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Metal Degreaser Market

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