According to the new market research report “Metal Cleaning Chemicals Market by Cleaner Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum), by Ingredient (Surfactant, Chelating Agent, Solvent), by end-use industry (Manufacturing, Automotive & Aerospace) – Global Forecast to 2025″, size is projected to reach USD 16.5 billion by 2025, at a CAGR of 5.0% from USD 12.9 billion in 2020. Metal cleaning is referred to as washing or degreasing of metal parts in industrial applications. The general objective of metal cleaning is to remove foreign matter from the solid substrate. The purpose of the cleaning is to attain a surface condition that matches the requirements of post-process operations or finished parts.
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Surfactant was the largest segment in the global metal cleaning chemical market in 2019. The inherent cleaning properties along with high usage in different application is expected to drive the demand for surfactant in metal cleaning chemical market. They are the most important ingredients of aqueous metal cleaning chemicals. Surfactants are mainly used as detergents, wetting agents, and emulsifiers.
The growth of the metal cleaning chemicals market can be attributed to the increase in APAC. APAC’s demand for metals surged to roughly 70% of world consumption, and China and India are expected to drive the metal demand in the APAC region. Metal cleaning chemicals are required during pre-treatment and maintenance of metal.
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The global metal cleaning chemical market size is projected to reach USD 16.5 billion by 2025 from USD 12.9 billion in 2020, growing at a CAGR of 5.0%, in terms of value during the forecast period. The anticipated growth in emerging economies post COVID-19 are expected to help the metal cleaning chemical demand growth. The demand for metal cleaning chemicals in countries such as China, India, Japan, and South Korea from various end-use industries is expected to fuel the growth of metal cleaning chemicals market in the region.
The metal cleaning chemicals market is evolving, with major players playing a crucial role in the development of new and advanced products. BASF SE (Germany), Evonik Industries AG (Germany), Stepan Company (US), Eastman Chemical Company (US), The Chemours Company (US), The Dow Chemical Company (US), Quaker Houghton (US), Nouryon (Netherland), 3M Company (US), Element Solutions (US), among othersare the major players in this market.
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Evonik Industries (US) is focused on expansions and acquisitions to meet the growing demand in the metal cleaning chemicals market. In April 2020, Evonik doubled its production capacity for its high-performance polyamide Trogamid CX at a facility in Marl, Germany. The expansion will help cater to customers from various sectors such as water management, filter technology, laboratory and medical engineering, and production of containers for the cosmetics industry. In February 2020, Evonik completed its acquisition of US-based chemical manufacturing firm PeroxyChem. The acquisition will create more opportunities in the market for environmentally-friendly disinfectants. In September 2019, Siemens is set to build an industrial power plant for Evonik in Germany. The power plant is expected to contain two units of 90 MW to produce electricity and to process steam for the chemical park.
Stepan Company (US) is focused on acquisition to meet the growing demand for metal cleaning chemicals. In March 2020, Stepan Company completed the acquisition of NatSurFact® Business, a rhamnolipid-based line of bio-surfactants derived from renewable sources from Logos Technologies. In March 2018, Stepan Company completed the acquisition of a surfactant production facility and part of the surfactant business from BASF in Mexico. The facility has 50,000 metric tons of capacity, 124,000 square feet of warehouse space, a large laboratory, and office space.
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