Metal Cleaning Chemicals Market - Global Industry Analysis and Forecast 2018 – 2023 | Hubbard-Hall, Kyzen Corp, Lincoln Chemical, Delstar Metal Finishing, Crest Chemicals, Chautauqua Chemical Company, Elmer Wallace, Quaker Chemical, Houghton and Stepan

Market Synopsis

Metal Cleaning Chemicals are used to remove extraneous organic and inorganic material from the surface of metals, which are often contaminated by oil, grease, dirt and particulate matter, corrosion oxides, and other impurities over a period of time. Surface cleaning is necessary to prevent the metal from damage due to the penetration of oxides and other contaminants, thus increasing service life. Metals are generally corroded by coming into contact with hard water, organic materials such as algae, microbes, denatured protein residue, animal fat, and hydrocarbons and inorganic materials such as carbonates, hydroxides, oxides, sulfides, sulfates, silicates, and phosphates.

Metal Cleaning Chemicals are used for both industrial and household applications. They find widespread applications in the cleaning of equipment and heavy machinery in industries such as automotive and aerospace, electrical and electronics, and manufacturing industries including chemicals, healthcare, and food & beverage. They are also used to clean household utensils made of copper and its alloys, silver, and cast iron, among others.

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The Global Metal Cleaning Chemicals Market is mainly driven by the widespread use of metals in equipment and heavy machinery across different end-use industries such as automotive, aerospace, railways, electrical and electronics, metallurgy, chemicals, oil & gas, pharmaceuticals, and food & beverage. Rapid industrialization in Asia-Pacific due to economic growth and lucrative investment policies is likely to boost the product market.

Stringent environmental regulations in developed countries against the use of toxic chemicals is expected to hamper product demand. Moreover, the need for bio-based and environmentally sustainable chemicals is likely to offer growth opportunities to players in the Metal Cleaning Chemicals Market during the forecast period. Several manufacturers have already started the production of bio-based Metal Cleaning Chemicals to meet the growing consumer demand. For instance, in 2013, BASF expanded its technological base by purchasing industrial enzyme technology from Henkel AG & Co. KGaA for the manufacturing of detergents and cleaners. Also, NuGenTec is one of the leading producers of green industrial and oilfield cleaners, degreasers, and other chemicals using natural and organic ingredients such as soybeans and orange peel.

Market Segmentation

The Global Metal Cleaning Chemicals Market has been segmented by Form, Type, Metal Type, Application, End-Use Industry and Region.

On the Basis of Form, the Global Metal Cleaning Chemicals Market has been segmented into aqueous, organic solvent, powder, and others. On the basis of type, the Global Metal Cleaning Chemicals Market has been segmented into neutral cleaning agents, alkaline cleaning agents, and acidic cleaning agents.

On the Basis of Metal Type, the Global Metal Cleaning Chemicals Market has been segmented into steel, aluminum, copper and alloys, titanium, cast iron, and others.

On the Basis of Application, the Global Metal Cleaning Chemicals Market has been segmented into industrial and household. The industrial segment has been further divided into metal tools, metal equipment and heavy machinery, reactors and tanks, metal chips and sheets, and others.

On the Basis of End-Use Industry, the Global Metal Cleaning Chemicals Market has been segmented into automotive and aerospace, electrical and electronics, manufacturing, and home care. The manufacturing industry has been further divided into chemicals, healthcare, food & beverage, oil & gas, and others.

Regional Analysis

The Global Metal Cleaning Chemicals Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific dominated the Global Metal Cleaning Chemicals Market in 2017 and is expected to remain the largest regional market during the forecast period. The growing demand from end-use industries such as automotive, electrical and electronics, chemicals, healthcare, oil & gas, and home care are contributing to the product market.

The North American and European markets followed the market in Asia-Pacific in terms of market size and are expected to grow steadily during the forecast period. Significant demand from end-use industries such as automotive and aerospace, electrical and electronics, chemicals, food & beverage, oil & gas, and healthcare are contributing to product demand in these markets.

The market in the Middle East & Africa is expected to witness rising demand during the forecast period. Growing end-use industries such as food & beverage and chemicals, and an established downstream oil & gas industry are likely to positively impact the demand for Metal Cleaning Chemicals during the forecast period.

The Latin American market is expected to show moderate growth mainly from the growing end-use industries in countries such as Brazil, Mexico, and Venezuela.

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