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Industrial Degreasers Market Analysis and Forecast 2024
Industrial Degreaser Market Trends
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $21.43 billion
• Revenue Forecast In 2033: $26.12 billion
• CAGR: 5.1%
Global Industrial Degreaser Market: Segmentation
The industrial degreaser market covered in this report is segmented -
1) By Type : Water-Based, Solvent BasedBy Grade
2) By Liquid-Based, Petroleum-Based, Bio-Based, Other Grades
3) By Application: Automative, Manufacturing, Pharmaceutical, Aviation, Other Applications
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Industrial Degreaser Market Report: Growth Drivers
The rising production of automobiles is likely to drive the industrial degreaser market's growth in the coming years. Automotive production refers to the manufacturing of motor vehicles, including passenger cars, light trucks, and commercial vehicles. This process involves developing the vehicle's concept, design, and specifications, including its aesthetics, performance, and safety features. Industrial degreasers are used in the automotive sector for cleaning and maintaining vehicle parts. For example, in May 2023, the European Automobile Manufacturers' Association (ACEA), a lobbying and standards organization in the automobile industry, reported that 85.4 million motor vehicles were produced globally in 2022, marking a 5.7% increase compared to 2021. Thus, the rising automotive production is propelling the growth of the industrial degreaser market.
Key Developments:
Hospeco Brands Group Acquired ChemCor Chemical Corp
In October 2022, Hospeco Brands Group, a US-based manufacturer and supplier of personal care, cleaning and protection products, acquired ChemCor Chemical Corp. for an undisclosed amount. The acquisition of ChemCor will provide Hospeco with a broader range of specialty chemical products, including degreasers, cleaners, and disinfectants. This acquisition will also enhance Hospeco's ability to offer a more comprehensive line of cleaning, disinfecting, and sanitizing products to its customers. ChemCor Chemical Corp is a Southern California-based manufacturer and distributor of specialty chemical products.
Top Market Leader Included:
BASF SE, The Dow Chemical Company, 3M, Henkel AG & Co. KGaA, The Sherwin-Williams Company, Evonik Industries, Emerson Industrial Automation, Ecolab Inc., DuPont de Nemours, Inc., Akzo Nobel N.V., Eastman Chemical Company, Clariant AG, Diversey, Inc., Stepan Company, Quaker Chemical Corporation, Superior Industries Inc., Valvoline Inc., RUST-OLEUM, A.W. Chesterton Company, Castrol, Aervoe Industries, Inc., Sunburst Chemicals, Inc., NCH Corporation, QualiChem, Inc., PETROFER Chemie H. R. Fischer GmbH + Co. KG
Industrial Degreaser Industry: Regional Landscape
North America was the largest region in the industrial degreaser market in 2023. The regions covered in the industrial degreaser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial degreaser market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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What Does The Global Industrial Degreaser Market Report Include?
1.Introduction
• Overview of the Industrial Degreaser Market
• Comprehensive Analysis of Industrial Degreaser Market
2. Industrial Degreaser Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Industrial Degreaser Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Industrial Degreaser Market
• Overview
• Products and Services
• Strategy
5. Industrial Degreaser Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Industrial Degreaser Market
• Technological Advancements
• Emerging Trends
7. Industrial Degreaser Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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