Metal Cleaning Chemical Market size is forecast to reach $22.27 billion by 2025, after growing at a CAGR of 5.8% during 2020-2025. Metal cleaning chemicals are used to wash off extraneous organic and inorganic materials from the surface of metals. A wide variety of chemicals are used in the cleaning process depending on the nature of metals.
By Types – Segment Analysis
The aqueous-based metal cleaning chemical segment held the largest share in the Metal Cleaning Chemical Market in 2019. The increasing hospital construction and high awareness among the population, regarding the importance of hygienic environment, are some of the factors driving the growth of the industrial and institutional cleaning chemicals market globally. However, the North American and Japanese markets are saturating due to the government regulations on the use of various chemicals.
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Application – Segment Analysis
Steel Industry is the primary market for Metal Cleaning Chemical. In the steel industry, cleaning metallic surfaces is a common predicament. So, to solve this issue Industrial metal cleaners are used. According to the World Steel Association, Asia produced 1,278.0 Mt of crude steel in 2018, an increase of 5.6% compared to 2017. China’s crude steel production in 2018 reached 928.3 Mt, up by 6.6% on 2017. One of the greatest advantage of using metal cleaning chemical is that the metal equipment to be cleaned doesn’t need to be dismantled and reassembled, and the cleaning doesn’t damage the equipment, leaving areas that are more vulnerable to corrosion than before. The bio based and eco-friendly sustainable metal cleaning chemicals are being developed, which will open new opportunities in the metal cleaning chemicals market. Aluminum is the second biggest market for metal cleaning chemicals. According to World Economic Forum the growth rate of aluminum industry is expected to be increased by 15% in next five years, which will boost the metal cleaning chemical market.
By End User – Segment Analysis
Manufacturing sector has been the primary market for Metal Cleaning Chemicals in 2019 growing at CAGR of 7.6%. The increasing growth in manufacturing industries especially in India, China, Japan and Indonesia is another key aspect to the growth of global metal cleaning chemicals market. According to the data release by Chinese ministry of commerce, the rate of growth in manufacturing industries will be doubled in next two years. Whereas, the Indian Ministry of Commerce and industries released a similar data which depicts the four percent in next two years in India, which will directly benefits the Metal Cleaning Chemical Market. The transportation industry also depends upon metal cleaning chemical for its basic regular maintenance in order to sustain the efficiency of performance.
Geography – Segment Analysis
Asia-Pacific (APAC) dominated the Metal Cleaning Chemicals market with a share of 43% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in manufacturing and transportation industries. China was the leading regional market, accounting for 45% of total Asia-Pacific market. India is the second major market after china.
Drivers – Metal Cleaning Chemicals market
Huge demand of the Metal Cleaning Chemicals from the manufacturing and transportation industries
The increase in global manufacturing industries is a major factor which influence the growth of Metal cleaning Chemicals Market across the globe. The growing market for green metal cleaners is expected to further propel the market of metal cleaning chemicals. In the transportation industry heavy equipment and machinery always require maintenance so that the performance is not hampered. Thus, all the verticals where wide usage of huge machinery is required utilize the metal cleaning chemicals.
According to the United Nations Industrial Development Organization the Manufacturing Value Added (MVA) growth rate for industrialized countries increased by 2.3% in 2018. Additionally, the MVA growth rate for emerging economies was 3.8% in 2018.The manufacturing industry in these region are increasing. Thus it will augment the consumption and growth of Metal Cleaning Chemical market.
Consumption in Aerospace Industry
Metal Cleaning chemicals are used in airplane to protect its parts from rust. It is also used in various rockets, helicopters and drones for its maintenance so that the performance is not hampered. Thus, Metal cleaning chemical has wide usage in Aerospace Industry.
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Challenges- Metal Cleaning Chemical Market
Environment and government regulation
It is mandatory for the manufacturers of metal cleaning chemicals to adhere to the environmental and government regulations. According to the directives and guidelines formulated by the regulatory bodies in the EU and the US, hazardous waste and wastewater must be disposed of carefully. According to the Occupational Safety and Health Administration (OSHA), US, the metal cleaning products should be non-flammable, and manufacturers must ensure safety in handling and transportation of such chemicals.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Metal Cleaning Chemical market. Major players in Metal Cleaning Chemical Market are Air Products and Chemicals, Eastman, The Dow Chemical Company, Stepan Company among others.
Acquisitions/Technology Launches/ Product Launches
In December 2019, Madison Chemical launched MADISON GREEN, a mildly alkaline, environmentally friendly, biodegradable general-purpose cleaner that is highly effective on greasy and waxy soils, such as; floors, work benches, and other equipment.
Asia-Pacific dominates the Metal Cleaning Chemical market owning to increasing demand from the applications in manufacturing, transportation and heavy equipment machinery industries.
The advanced chemicals such as bio-based and eco- friendly sustainable metal cleaning chemical are being developed which is going to open new opportunities in the metal cleaning chemicals market.
Laundry care products mainly contain surfactants and solvents. These products are specially formulated for both industrial and institutional uses.
The factor that is hampering the market growth is the stringent regulations against the use of toxic chemicals.
Microelectronics Cleaning Equipment Market
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