The global metal cleaning chemicals market was valued at USD 14.19 billion in 2018 and is expected to reach USD 20.85 billion by 2026

Metal Cleaning Chemicals Market

Metal cleaning chemicals can be simple surfactant-based cleaners and degreasers or solvents. Cleaning is a crucial part of the finishing process and these chemicals are used for cleaning organic and inorganic materials such as grease, corrosion oxides, oil, and particulates present on the metal surface. They help prevent metal deterioration and damage to machinery and equipment used in various industries such as automotive, transportation, manufacturing, and aerospace. The increasing rate of metal consumption in different industries such as automotive, aerospace, manufacturing, and others is projected to drive the global metal cleaning chemicals market during the forecast period. According to India Brand Equity Foundation (IBEF), it is estimated that in 2017, the Indian automotive industry became the 4th largest in the globe with sales increasing 9.5% year-on-year to 4.02 million units. Thus, growing demand for metals from various industries is projected to drive the market growth during the forecast period. Additionally, rapid growth of the global steel industry is surging the demand for chemicals. According to the Ministry of Steel (India), initiatives such as “Make in India”, “Indian Made Steel”, and others are projected to attract significant investments in industrial verticals such as automobile, shipbuilding, infrastructure, construction, and others

The Major Players Covered in this Report:
Hubbard-Hall Inc. (U.S.), Kyzen Corp. (U.S.), Lincoln Chemical Corporation (U.S.), Delstar Metal Finishing, Inc. (U.S.), Crest Chemicals (U.S.), ZAVENIR DAUBERT INDIA (India), Chautauqua Chemical Company (U.S.), Luster-On Products (U.S.), Elmer Wallace Ltd (U.K.), DST-Chemicals A/S (Denmark), Rochester Midland Corporation (U.S.), Quaker Chemical Corporation (U.S.), PITAMBARI PRODUCTS PVT. LTD. (India), Houghton International Inc. (U.S.), and Stepan Company (U.S.).

The global metal cleaning chemicals market was valued at USD 14.19 billion in 2018 and is expected to reach USD 20.85 billion by 2026, with an anticipated CAGR of 4.93% during the forecast period, 2019–2026.

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By Type, Solvent, Aqueous

By Metal Type, Alloys, Aluminum, Steel, Copper, Others

By End-User, Automotive & Aerospace, Electrical & Electronics, Manufacturing, Chemicals, Healthcare, Food & Beverage, Oil & Gas, Others, Home Care, Others

Segment Insights

The global metal cleaning chemicals market has been segmented by type, metal type, end-user, and region.

By type, the metal cleaning chemicals market can be segmented into solvent and aqueous. The aqueous segment is expected to account for the highest share of the metal cleaning chemicals market during the forecast period. The benefits associated with aqueous metal cleaning chemicals such as non-flammability, low or no VOCs, and limited health risks are expected to surge the demand for this segment in years to come.

By metal type, the metal cleaning chemicals market can be segmented into alloys, aluminum, steel, copper, and others. The steel segment is expected to hold a prominent market share, owing to the increasing use of steel in various industries as steel is among the most commonly used materials in the world. According to the World Steel Association, in 2016, 1,600 million tonnes of steel was produced, globally. Most of the growth can be attributed to newly industrializing nations such as Brazil, China, India, Iran, and Mexico.

Regional Analysis For Metal Cleaning Chemicals Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Metal Cleaning Chemicals are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

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