Press release
Industrial Degreaser Industry to See Robust Expansion, Valued at $26.59 Billion by 2029
Industrial Degreaser
What Is the Projected CAGR for the Industrial Degreaser Market from 2024 to 2025?
The market size for industrial degreaser has been on a steady incline in the past few years. It is predicted to increase from $21.43 billion in 2024 to $22.37 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%. Factors contributing to the growth during the historic period include customization tailored to specific industries, increased demand for water-based solutions, emphasis on regulatory adherence, and the adoption of bio-based and solvent-free solutions due to environmental regulations.
What are the Expected Market Size and CAGR for Industrial Degreaser by 2029?
The market for industrial degreasers is projected to experience consistent growth in the coming years, with an anticipated valuation of $26.59 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.4%. The growth during this forecast period is expected to be driven by persistent regulatory focus, heightened awareness concerning sustainability, improved packaging sustainability, the widening market for water-based solutions, and a growing demand for tailor-made solutions. Key trends during this period will include the introduction of bio-based and solvent-free solutions, the integration of advanced technologies, the use of water-based degreasers, innovative packaging, and technological breakthroughs.
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Which Factors Are Driving the Global Industrial Degreaser Market Expansion?
The projected upswing in automotive production is poised to boost the expansion of the industrial degreaser market. The term automotive production encompasses the manufacturing of motor vehicles, which include passenger cars, light trucks and commercial vehicles. This process involves devising the vehicle's blueprint, designing its aesthetics, performance and safety elements. Use of industrial degreasers in the automotive field assists in cleaning and preserving vehicle components. The auto industry largely utilizes degreasers in the upkeep and cleaning of varied vehicle parts. For example, in May 2023, data from the European Automobile Manufacturers' Association (ACEA), an advocacy and standards group for the automotive industry, showed that there was production of 85.4 million motor vehicles globally in 2022, reflecting an uptick of 5.7% compared to 2021. As such, the increasing automotive production is the driving force behind the expansion of the industrial degreaser market.
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Which Segment Currently Holds the Largest Share of the Industrial Degreaser Market?
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
Which Major Trends Are Shaping the Future of the Industrial Degreaser Industry?
Leading companies in the industrial degreaser market are pioneering new products, like high-purity hydrocarbon and alcohol degreasers, to more effectively fulfil customer requirements. The reference to high-purity hydrocarbon and alcohol degreaser relates to the practice of using extremely purified solvents in critical cleaning processes. These solvents are often utilized in degreasers to eradicate grease, lubricants, cutting fluids, corrosion preventers, and other contaminants that are usually present in industrial settings. For instance, Molyslip, a UK-based specialist lubricants manufacturer, introduced SLIPCLEAN RD in July 2023. This distinctive cleaner and degreaser is designed to extract a range of industrial dirt and contaminants, such as oil, grease, carbon deposits, inks, and semi-set adhesives. SLIPCLEAN RD is produced with premium hydrocarbons and alcohol to deliver optimal cleaning strength without leaving behind any residue. The fast evaporation rate of the product ensures swift drying, leading to spotless surfaces.
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Which Key Players Dominate the Industrial Degreaser Industry Globally?
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 Fastest-Growing Regions in the Industrial Degreaser Market?
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.
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Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
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