Metal Cleaning Chemicals Market

Global Metal Cleaning Chemicals Market Outlook

The global metal cleaning chemicals market is estimated at USD 13.3 Billion in 2022 and is forecast to surpass USD 18.9 Billion by 2032, growing at a CAGR of 3.5% from 2022 to 2032.

Report Attributes	Details
Base Year Value (2021A)	USD 12.9 Billion
Estimated Year Value (2022E)	USD 13.3 Billion
Projected Year Value (2032F)	USD 18.9 Billion
Global Growth Rate (2022-2032)	CAGR 3.5%
North America Market Share in 2021	~26%
North America Growth Rate (2022-2032)	CAGR ~3.7%
Collective Value Share (U.S, China, India) 2022: Top 3 Countries	~43%
Top 5 Companies Market Share in 2021	~23%
Key Companies Profiled	Eastman Chemical Company KYZEN Corporation Crest Chemicals Quaker Chemical Corporation ZET-Chemie SurTec Chautauqua Chemical Company Lincoln Chemical Corporation DST-Chemicals A/S Enviro Serve Chemicals, Inc. ZAVENIR DAUBERT NuGenTec Other Market Players

2017-2021 Global Metal Cleaning Chemicals Market Outlook in Comparison to 2022-2032 Growth Forecast

The growth in industrialization is leading to regular maintenance of heavy equipment’s and machinery and is thus, spurring demand for quality metal cleaning chemicals. The enhanced usage of metal cleaning chemicals in multiple end-use industries of aerospace, automotive, manufacturing etc. is estimated to provide a gain of 156 BPS to the metal cleaning chemicals market in coming years.

Manufacturers and key players in the cleaning products market are moving to the production of bio-based metal cleaning chemicals or green metal cleaning chemicals alternatives to prevent any hazardous impacts. The major factors driving the market are escalated demand from manufacturing and transportation industry and the rising concern for industrial maintenance and cleaning.

Fact.MR projects the metal cleaning chemicals market is expected to witness exhibiting growth at 3.5% CAGR during 2022 and 2032 in comparison to a CAGR of 2.2% with which it grew from 2017 and 2021.

Demand for Metal Cleaning Chemicals for Manufacturing and Transportation Industries

The augmented market for green metal cleaners is likely to propel the metal cleaning chemicals market owing to increase in global manufacturing industries. The transportation heavy equipment and machinery requires maintenance so that the performance of the machinery is not hampered. Thus, it requires the wide usage of metal cleaning chemicals for the smooth operational efficiency. Therefore, it is estimated to support market demand by 1/4th of current levels in coming years.

Escalating Use of Aqueous Based Cleaning Chemicals

The use of trichloroethylene and other solvent chemicals poses numerous environmental and health risks and are not a preferred choice. Thus, companies are shifting towards safe and sustainable operating practices. The introduction of aqueous based technology and the rising demand for green chemical cleaning alternatives is an environment-friendly and cost-effective means for cleaning components and parts.

This helps in the reduction of industrial waste and improves workplace safety as well. Thus, these factors are likely to support market growth by 2.2X during the forecast years of 2022-2032.

Bio-Based Alternatives to Present Opportunity

Animal or plant materials are the main ingredients of bio-based cleaning chemicals. As they are made from a renewable resources, they do not contain environmentally damaging substances like toxins, synthetics etc. Companies in the market are offering innovative bio-based alternatives as a suitable product for removing fuels, carbon, fluids, contaminants like sensitive magnesium, aluminium, etc.

Therefore, the use of bio-based alternatives to avoid hazardous conditions is likely to create lucrative opportunities for the manufacturers in the metal cleaning chemicals market in coming years. It is expected to enhance their sales by 1.3X over the assessment period.

Environment and Government Regulations Restraining Market Growth

Due to the VOCs content in the solvent based chemicals and usage of water in aqueous cleaners, most of the metal cleaning chemicals are subject to various government authorities and environmental regulations. As the VOCs contain carbon atoms having high vapor pressure, they evaporate rapidly in the air. And after evaporating they form ground-level ozone and are the chief ingredients of smog as well leading to an adverse impact on environment and human health. It leads to reduced growth and survivability of tree seedlings, reduction in crops, harsh weather conditions etc. Therefore, all these factors are likely to restrain the market growth by 0.5X over the assessment period.

Region-wise Insights

Which region accounts for more enhanced demand for Metal Cleaning Chemicals Market?

North America metal cleaning chemicals market accounts for the largest market share of 25.8%. The region is projected to register a CAGR of 3.7% during the forecast years. The enhanced usage of eco-friendly metal cleaning chemicals because of the rising consumer awareness with regard to environmental protection and the stringent regulations laid down by the government are some of the factors supporting market growth in North American region.

What is the market scenario in East Asia and South Asia & Oceania Metal Cleaning Chemicals Market?

The East Asia metal cleaning chemicals market holds 21.2% of the overall market share and is projected to grow at a CAGR of 4.1% during the forecast years. The South Asia & Oceania metal cleaning chemicals market holds 20.1% of the overall market share and is projected to register a CAGR of 4.4% over the assessment years.

The high growth in the industrial production, rise in demand for vehicles and enhanced trade are some of the chief factors responsible for augmented usage of metal cleaning chemicals in the region. Moreover, the region presents lucrative opportunities for the manufacturers in the metal cleaning chemicals market for coming years, expected to support market demand in coming years.

Category-wise Insights

Which product type holds dominant market share and is likely to show higher growth in Metal Cleaning Chemicals Market over the assessment period?

The metal cleaning chemicals under product type is segmented into aqueous and solvent. The aqueous is the leading segment as it holds 71.4% of the overall metal cleaning chemicals market share and is projected to register CAGR of 3.8% during the forecast years. This is attributed to the increased awareness about the environmental regulations owing to which the companies are moving away from solvents to aqueous metal cleaning chemicals.

Moreover, the companies are adopting aqueous based cleaners in order to follow sustainable solutions, thereby driving market demand of aqueous based metal cleaning chemicals. The next leading segment is solvent which holds 28.6% of the market share and is likely to grow at a CAGR of 3.2% over the assessment period of 2022-2032.

Which composition segment is estimated to support market growth in the Metal Cleaning Chemicals Market during the forecast period?

Under the composition segment, the metal cleaning chemicals market is segmented into acid and alkali. The acid segment dominates the market by holding 68.7% of the overall market share and is projected to grow at a CAGR of 3.9%. This is attributed to the acidic cleaning chemicals being utilized to remove inorganic deposits like flaking.

Additionally, they are more versatile substances, and carries the ability to remove hard water deposits and tarnish from the surfaces along with the all kinds of deposits of ion from metals. Whilst, the alkali segment holds 31.3% of the market share and is projected to register CAGR of 3.1% over the assessment period.

Competitive Landscape: Top Companies in Metal Cleaning Chemicals Market

The global metal cleaning chemicals market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the manufacturing of metal cleaning chemicals.

Fact.MR has provided detailed information about price points of key manufacturers in metal cleaning chemicals market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

• The tire business of Eastman Chemical Company has been acquired by the One Rock Capital Partners LLC, in 2021. This acquisition will help in the provision of operational and strategic resources for a transition from a corporate subsidiary to an independent and a strong business
• Crest Chemicals is acquired by the Brenntag in 2019, which will allow Brenntag to develop business in required direction and leverage the growth potential and also have complementary product lines by realizing cost synergies and grabbing opportunities

Global Metal Cleaning Chemicals Market by Category

• By Product Type, Global Metal Cleaning Chemicals Market is segmented as :

  • Aqueous Metal Cleaning Chemicals
  • Solvent Metal Cleaning Chemicals

• By Composition, Global Metal Cleaning Chemicals Market is segmented as :

  • Acid Metal Cleaning Chemicals
  • Alkali Metal Cleaning Chemicals

• By Metal Type, Global Metal Cleaning Chemicals Market is segmented as :

  • Steel
  • Iron
  • Copper
  • Metal Alloys
  • Others

• By End-User, Global Metal Cleaning Chemicals Market is segmented as :

  • Building & Construction
  • Automotive & Transportation
  • Industrial
  • Healthcare
  • Aerospace

• By Region, Global Metal Cleaning Chemicals Market is segmented as :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA