How Has The Metal Cleaning Chemicals Market Size Evolved Historically?
The metal cleaning chemicals market has seen considerable growth due to a variety of factors.
• The market for metal cleaning chemicals has seen a substantial expansion in its size in the past few years. It is anticipated to escalate from $17.78 billion in 2024 to $18.73 billion in 2025, registering a compound annual growth rate (CAGR) of 5.3%. Factors such as the burgeoning automotive sector, strict environmental laws, the upswing in aerospace manufacturing, emphasis on product quality, the burgeoning electronics industry, and activities in oil and gas exploration have contributed to its growth during the historical period.
What Is The Projected Growth Of The Metal Cleaning Chemicals Market?
The Metal Cleaning Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for metal cleaning chemicals is projected to experience substantial growth in the upcoming years. It is expected to reach $24.08 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%.
This growth in the predicted period is linked to increasing demand for eco-friendly solutions, the advent of electric vehicles, the worldwide development of renewable energy projects, and the production of medical devices with an emphasis on corrosion prevention. The forecast period will likely witness advancements in cleaning technologies, customized solutions for various metals, automation and industrial 4.0 integration, market consolidation and strategic collaborations, and water-based formulations.
What Are The Key Drivers Fueling Growth In The Metal Cleaning Chemicals Market?
The anticipated surge in metal demand is likely to catalyze expansion in the metal cleaning chemicals market. Metals, known for their high electrical and thermal conductivity, are found in nature. These cleaning chemicals for metals both clean and shield the metal surface from rust and corrosion. Consequently, they are used in metal manufacturing processes. As reported by the World Bank, an American international financial institution offering loans and grants to low- and middle-income countries' governments for capital project pursuits, there was an approximate 4% increase in global metal demand in Q3 of 2021. The manufacturing purchasing managers index (PMI) climbed to 54.3 in October. Moreover, Moody’s Investors Service, an American firm offering bond credit rating services, has forecasted an around 10% rise in steel demand in India throughout 2022. Hence, this escalating demand for metals propels the advancement of the metal cleaning chemicals market.
What Are The Principal Market Segments In The Global Metal Cleaning Chemicals Industry?
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
Subsegments:
1) By Chelating Agents: EDTA (Ethylenediaminetetraacetic Acid), NTA (Nitrilotriacetic Acid), Other Chelators
2) By Surfactants: Anionic Surfactants, Cationic Surfactants, Nonionic Surfactants
3) By Solvents: Aqueous Solvents, Organic Solvents, Solvent Blends
4) By Solubilizers: Hydrotropes, Emulsifiers
5) By pH Regulators: Acids, Bases
6) By Other Ingredients: Corrosion Inhibitors, Fragrances, Dyes And Colorants
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Which Emerging Market Trends Are Altering The Metal Cleaning Chemicals Industry?
The emergence of technological advancements is a prevalent trend within the metal cleaning chemicals market. Major industry players are incorporating cutting-edge technologies within their new products to solidify their market standing. For example, in June 2022, Oxiteno S.A., a Brazilian manufacturer of metal cleaning chemicals, revealed plans to release two new product lines, namely, the Reactive Surfactant OXIMULSION REACT and the OXITIVE 8000 Dispersant Agent at ABRAFATI 2022. These innovative products were conceived after rigorous research and aimed to address the numerous challenges and requirements of formulators, as well as market inclinations. Oxiteno partners extensively with its clients to comprehend their issues, form solutions, and identify opportunities for the advancement of existing technology. Accordingly, Oxiteno formulated and developed the Reactive Dispersant and Surfactant lines, merging high performance with exceptional sustainability.
Who Are the Key Players In The Metal Cleaning Chemicals Market?
Major companies operating in the metal cleaning chemicals market include:
• Air Products and Chemicals Inc.
• DuPont de Nemours Inc.
• 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
What Are The Regional Insights Into The Metal Cleaning Chemicals Market?
Asia-Pacific was the largest region in the metal cleaning chemicals market in 2024. The regions covered in the metal cleaning chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
