CAGR: 5.3%Current Market Size: USD 11.9 BillionFastest Growing Region: MEA
Largest Market: APACProjection Time: 2021-2028Base Year: 2020
The global metal cleaning market is expected to grow from USD 11.9 Billion in 2020 to USD 17.8 Billion by 2028, at a CAGR of 5.3% during the Projection period 2021-2028. This growth of the metal cleaning market is significantly driven by need for preventing the damage and to maintain metal tools as well as equipment’s efficiency in a number of industries.
Metal cleaning is the cleaning process which uses chemicals to remove extraneous inorganic and organic material from the surface of metal, which is often contaminated by grease, oil, and dirt, along with corrosion oxides, particulate matter, and other impurities over a time period. Metal surface cleaning is essential for increasing the service life of metal by preventing it from damage caused by penetration of oxides as well as other contaminants. An extensive variety of cleaning chemicals are being used for such cleaning processes depending on the metals’ nature. Metal cleaning chemicals selection depends on factors such as impurities to be removed and surface condition of metal.
Metal cleaning is being employed to clean heavy machineries and equipment used in several industries including manufacturing, aerospace, automotive, and transportation.
Request Sample:- Global metal cleaning market
Market Dynamics
Drivers:
Aqueous-based cleaning solutions are water-based as opposed to chemical or solvent-based. The usage of trichloroethylene and other solvents possess a risk to the environment and health; hence, there is a rise in demand for Aqueous based cleaning chemicals. On the other hand, the metal cleaning market players have also realized the benefits of using sustainable and safe operating practices. The aforementioned factors boost growth in demand for aqueous-based metal cleaning chemicals fueling the growth of the market.
Extensive usage of metals in equipment and heavy machinery in several industries such as automotive, chemicals, aerospace, metallurgy, oil & gas, railways, electrical & electronics, pharmaceuticals, and food & beverage has been observed in past years. Such heavy machinery and equipment used in aforementioned industries need regular maintenance to sustain performance efficiency; thus; fueling the growth of the metal cleaning market.
Restraints:
A number of developed countries have posed environmental regulations on the usage of toxic chemicals. These regulations are being introduced due to the volatile organic compounds (VOCs) content is mostly present in solvent-based chemicals, used for metal cleaning. For example, the EPA in U.S.regulates VOCs at the Federal level in 40 CFR 59.
Opportunities:
There is a rise in the usage of bio-based cleaning chemicals which use plant and/or animal materials as their main ingredients. Such chemicals are seeing rapid demand across the Europe and North America regions due to government initiatives and regulations promoting the usage of bio-based materials. On the other hand, companies operating in the market are also introducing bio-based alternatives. For instance, Gemtek Products, one of the leading market players recently introduced Metal Cleaners and SC Aircraft, which is a bio-based metal and aircraft cleaning product.
Challenges:
Due to the unprecedented crisis of COVID-19, a number of countries have employed nationwide lockdowns. However, as they are reopening, safety measures such as social distancing are still being applied. This has caused significant economic downturns across the globe. This has led to the slowdown in industrial and manufacturing activities; hence, the demand for metal cleaning chemicals has been hampered as the production of such chemicals had been hampered. Hence, the emergence of the COVID-19 pandemic has posed challenges to the global metal cleaning market.
Segmentation Analysis
The global metal cleaning market has been segmented based on ingredients type, cleaner type, end-use industry, metal type, and regions.
By Ingredients Type
By Cleaner Type
By End-Use Industry
By Metal Type
By Regional Analysis
The regions analyzed for the Metal Cleaning market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia-Pacific region dominated the Metal Cleaning market and held the 37.8% share of the market revenue in 2020.
Key Industry Players Analysis
Key market players aims at acquisitions to improve their position in the market
The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global Metal Cleaning industry.
For instance, in June 2020, one of the leading market players named Nouryon acquired J.M. Huber Corporation’s business of carboxymethyl cellulose (CMC). This acquisition is expected to broaden the portfolio of Nouryon’s products in CMC, which is a bio-based water-soluble polymer and sustainable. This can be used as a binder, stabilizer, thickener, and film former.
In May 2020, FiSan which is a range of sanitation solutions was launched by the BASF’s Surface Treatment global business unit of Coatings division. Sanitisation solutions included cleaners (alkaline and acid), sanitizers, and conveyor lubricants, for the food and beverage (F&B) industry in China.
In January 2020, a new online customer platform was launched by one of the leading market players named Evonik into cleaning,. This platform makes it easier for customers to access product details, including regulatory information.
Latest Development
Report Metrics
Report Attribute |
Details |
Projection period |
2021-2028 |
Base year considered |
2020 |
CAGR (%) |
5.3% |
Market Size |
11.9 Billion in 2020 |
Projection unit |
Value (USD) |
Segments covered |
Ingredients Type, Cleaner Type, End-Use Industry, Metal Type, and Regions |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
BASF SE, Evonik Industries AG, Stepan Company, Eastman Chemical Company, The Chemours Company, The Dow Chemical Company, Quaker Houghton, Nouryon , 3M Company, and Element Solutions among others. |
By Ingredients Type |
|
By Cleaner Type |
|
By End-Use Industry |
|
By Metal Type |
|
Regional scope |
|
Scope of the Report
Global Metal Cleaning Market by Ingredients Type:
Global Metal Cleaning Market by Cleaner Type:
Global Metal Cleaning Market by End-Use Industry:
Global Metal Cleaning Market by Metal Type:
Global Metal Cleaning Market by Region:
The market value of the metal cleaning market in 2020 is $11.9 Billion.
The Asia Pacific held the major share in the market over the Projection period 2021- 2028.
Aqueous cleaners segment is the most influencing segment in the metal cleaning market.
The leading market players active in the global metal cleaning market are BASF SE, Evonik Industries AG, Stepan Company, Eastman Chemical Company, The Chemours Company, The Dow Chemical Company, Quaker Houghton, Nouryon, 3M Company, and Element Solutions among others.
Ingredients type, cleaner type, end-use industry, metal type, and regions are the five segments of the report.
Yes, the market includes qualitative and quantitative insights for COVID-19 impact on the metal cleaning market.
The metal cleaning market is studied from 2020 - 2028.
Political- A number of developed countries have posed environmental regulations on the usage of toxic chemicals. These regulations are being introduced due to the volatile organic compounds (VOCs) content is mostly present in solvent-based chemicals, used for metal cleaning. For example, the EPA in U.S.regulates VOCs at the Federal level in 40 CFR 59.
Economic- The large-scale usage of steel in various end-use industries such as manufacturing, automotive, aerospace, transportation, and medical & healthcare boosts demand for metal cleaning. The government in many countries is investing in steel production to increase the market and boost the export of the metal which works as a boosting factor for the metal cleaning market.
Social- The Asia-Pacific holds tremendous potential for end-use industry production. In addition to this, the region is observing high economic growth across the developing countries coupled with increased disposable incomes. Such factors have made Asia-Pacific an eye-catching market for metal cleaning chemicals. Moreover, increased trade, huge industrial production, and the rising demand for vehicles have fueled the consumption of metal cleaning chemicals in the Asia-Pacific region.
Technological- In May 2020, FiSan which is a range of sanitation solutions was launched by the BASF’s Surface Treatment global business unit of the Coatings division. Sanitization solutions included cleaners (alkaline and acid), sanitizers, and conveyor lubricants, for the food and beverage (F&B) industry in China. BASF which is one of the leading market players at the Innovation Campus Shanghai, China inaugurated an application center for metal surface treatment (MST). The main aim of this expansion was collaborative innovation with customers and also to deliver sustainable additives to the metal surface treatment (MST) industry.
Environmental- Rapid growth in awareness regarding environmental issues among populations coupled with the stringent government regulations promoting environment-friendly metal cleaning processes has prompted market players to move away from solvents- to aqueous-based metal cleaning. In addition, companies that are following sustainable solutions are fueling demand for aqueous-based cleaners. The aforementioned factors boost the growth of the aqueous segment.
Legal- In June 2020, one of the leading market players named Nouryon acquired J.M. Huber Corporation’s business of carboxymethyl cellulose (CMC). This acquisition is expected to broaden the portfolio of Nouryon’s products in CMC, which is a bio-based water-soluble polymer and sustainable. This can be used as a binder, stabilizer, thickener, and film former.
List of Table
List of Figures