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Key Influencer in the Industrial Degreaser Market 2025: Rise In Automotive Production To Boost Degreaser Market Driver
Industrial Degreaser Market Report
The industrial degreaser market will grow from $21.43 billion in 2024 to $22.67 billion in 2025, reflecting a CAGR of 5.8%. Growth is supported by industry-specific customization, demand for water-based solutions, regulatory compliance, bio-based and solvent-free solutions, and environmental regulations.
The Industrial Degreaser market will grow to $27.35 billion by 2029 at a CAGR of 4.8%, driven by sustainability awareness, regulatory emphasis, and demand for customized solutions. Key trends include bio-based solutions, technological advancements, and water-based degreasers.
What Factors Are Propelling the Expansion of the Industrial Degreaser Market?
The increasing automotive production is expected to spur the growth of the industrial degreaser market. Automotive production involves the creation of motor vehicles, including design, development, and manufacturing. Industrial degreasers are used in automotive production for cleaning and maintaining vehicle parts. The adoption of degreasers in the automotive sector is widespread for keeping components clean. For example, in May 2023, the European Automobile Manufacturers' Association reported that 85.4 million motor vehicles were produced worldwide in 2022, reflecting a 5.7% increase from 2021. The rise in automotive production is consequently driving the industrial degreaser market's growth.
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Which Businesses Are at the Forefront of Industrial Degreaser Market Development?
Major companies operating in the industrial degreaser market report are 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
What Are the Latest Innovations in the Industrial Degreaser Market?
Companies in the industrial degreaser market are innovating with products like high-purity hydrocarbons and alcohol degreasers to better meet customer needs. These degreasers use highly purified solvents to clean industrial pollutants like grease, lubricants, and cutting fluids. For instance, in July 2023, Molyslip, a UK-based manufacturer of specialist lubricants, launched SLIPCLEAN RD, a cleaner designed to remove various industrial impurities such as oil, grease, carbon deposits, and inks. The high-quality hydrocarbons and alcohol in SLIPCLEAN RD ensure maximum cleaning power without leaving residue, and its rapid evaporation ensures quick drying for spotless surfaces.
How Is the Industrial Degreaser Market Segmented?
The industrial degreaser market covered in this report is segmented -
1) By Type: Water-Based, Solvent Based
2) By Grade: By Liquid-Based, Petroleum-Based, Bio-Based, Other Grades
3) By Application: Automative, Manufacturing, Pharmaceutical, Aviation, Other Applications
Subsegments:
1) By Water-Based: Alkaline Degreasers, Surfactant-Based Degreasers, Biodegradable Degreasers
2) By Solvent-Based: Hydrocarbon Solvent Degreasers, Chlorinated Solvent Degreasers, Alcohol-Based Degreasers
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Where Is the Industrial Degreaser Market Growth Most Prominent?
North America was the largest region in the industrial degreaser market in 2024. The regions covered in the industrial degreaser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Industrial Degreaser Global Market Report?
- Market Size Analysis: Analyze the Industrial Degreaser Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Degreaser Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Degreaser Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Degreaser Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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