DUBLIN, Dec. 1, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/5rhkvk/metal_cleaning) has announced the addition of the "Metal Cleaning Chemicals Market by Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum, Copper Alloys & Others), by Region - Global Trends & Forecasts to 2020" report to their offering.
The global metal cleaning chemicals market is driven by the increased demand from various end-use industries such as industrial and automotive, among others. Asia-Pacific is estimated to register the highest growth on account of its growing economy and rapidly expanding manufacturing base.
The metal cleaning chemicals market is segmented by type, metal type, and region. On the basis of type, the market is classified into two key segments, namely, aqueous-based and solvent-based metal cleaning chemicals. The market for solvent-based metal cleaners is further divided into oxygenated, hydrocarbon, halogenated, and others. The aqueous-based segment accounted for the lion share of the overall market at 84% of total market, by volume, in 2014. The market for metal cleaning chemicals is mainly driven by the huge demand from the manufacturing industry. Metal cleaning chemicals are used in various end-use industries such as industrial, automotive, aerospace, residential, medical & healthcare equipment, and others.
Metal cleaning chemicals are used in these end-users to clean and protect the surfaces from particulates and oil & grease marks. However, health issues and environmental regulations can be a major restraint for the metal cleaning chemicals market, particularly, for solvent-based metal cleaners. The growing market for green metal cleaners is expected to offer a major opportunity for growth of the metal cleaning chemicals market.
The Asia-Pacific region is projected to register the highest growth in the metal cleaning chemicals market between 2015 and 2020. The growing industrial and manufacturing industry base is the key driver of the metal cleaning chemicals market in the region. China was the leading regional market, accounting for 45% of the total Asia-Pacific market, by volume, in 2014. China is expected to continue its dominance of the market during the forecast period as the country is experiencing rapid expansion of the industrial sector. Other Asia-Pacific countries such as India, Japan, South Korea, and Taiwan are also anticipated to witness steady growth during the forecast period.
North America and Europe are projected to witness a moderate growth during the forecast period due to stringent regulations and shifting of end-user manufacturing base to the Asia-Pacific region. The shift in trend towards adoption of aqueous-based metal cleaners in the industry, particularly, in the North America and Europe is, however, expected to drive the metal cleaning chemicals market in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Metal Cleaning Chemicals Market, By Type
7 Metal Cleaning Chemicals Market, By Metal Type
8 Regional Analysis
9 Competitive Landscape
10 Company Profiles
- Air Products and Chemicals, Inc.
- Eastman Chemical Company
- Emerson Electric
- Houghton International Inc.
- Quaker Chemical Corporation
- Rochestor Midland Corporation
- Stepan Company
- The Chemours Company
- The DOW Chemical Company
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SOURCE Research and Markets