Global Industrial Degreaser Markets, 2021-2026: Rising Automotive Production & Sales, Growing Industrialization In Emerging Economies, Favorable Government Regulations

News provided by

Apr 08, 2022, 06:45 ET

DUBLIN, April 8, 2022 /PRNewswire/ --The "Industrial Degreaser Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The study considers the present scenario of the industrial degreaser market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

The growing end-user industry such as automotive, marine & defense, aerospace, pharmaceuticals, oil & gas, and agriculture industries is expected to support industrial degreaser's market growth. The market is moving towards more environment-friendly and zero to low VOCs in products, determining market leadership in a competitive scenario.

The solvent-based cleaning agent is gaining popularity owing to its usage of removing unwanted materials from motors or machines and increasing the shelf life of these materials. End-users widely adopt these cleaning products due to new technologies in the industry cleaning services market. The cheap labor and easily accessible raw materials are shifting automotive manufacturers such as Chevrolet, Audi, Volvo, and others to establish their plants in the APAC region, driving the market for industrial degreasers.

SEGMENTATION ANALYSIS

The water-based segment will witness incremental growth of USD 3,914.09 million by 2026. In North America and Europe, the limitation of VOCs content products is increasing the development of water-based cleaning solvents products in the region. The global water-based market is growing at a CAGR of 5.78% during the forecast period. The water-based solutions are safer and more environment-friendly choice, thereby fueling the growth of the industrial cleaning services market.

The global liquid-based industrial degreaser market is expected to reach USD 9,100.94 million by 2026. The liquid-based degreaser is the largest market worldwide. The liquid-based solutions are safe and can be handled easily. The demand for liquid-based products will be high in the forecast period.

In 2020, the global industrial degreaser market by manufacturing industry was valued at USD 4,225.24 million. With the rapid change in the business environment and advancement in technology, the manufacturer is investing in automation of the manufacturing process. The growing manufacturing industry across the globe is supporting the growth of industrial degreaser. The Asian market, especially China, is the largest manufacturing industry, which is further expected to boost the demand for industrial cleaning products.

The US is the world's largest market for degreaser, and it is driven by a high degree of automation. The US shares a significant contribution to the North American industrial degreaser market. The rising of the pharmaceutical industry across the country is driving the growth of the industry. The increasing government regulations in North America support increased demand for degreasers and other cleaning products. The degreaser market in North America will grow at a CAGR of 5.88% during the forecast period.

VENDOR LANDSCAPE

BASF, Dow Chemical, Evonik Industries, 3M are the major vendors in the global industrial degreaser industry. The rapid change in market dynamics regarding product innovation and advancement is acting as a catalyst to intensify the competition among existing players in the industry. Vendors are expected to develop new technologies and remain abreast with upcoming innovations to have a competitive advantage over other vendors. Sustainability is the critical strategic approach in giving a competitive edge.

Key Company Profiles

BASF
Dow Chemical Company
Evonik Industries
3M
Valvoline Inc

Other Prominent Vendors

Superior Industries Inc.
CarrollCLEAN
Callington Heaven
Betco
Superior Industries Inc
Baron Blakeslee
Stepan Company
The Claire Manufacturing Company
NGCT
Abro Industries Inc
BG Products Inc
Auto Industrial Marine Chemicals Inc
Elevance Renewable Science
Radiator Specialty Company
Superior Industries Inc
Consolidated System Pte Ltd
Superior Industries Inc
Ravcor Cleaning Solutions
Avmor Ltd
Oil Technics Limited
W. Chesterton Company

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.3.1 Market Segmentation By Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Criteria For Selecting Industrial Degreasers
7.2.1 Flammability
7.2.2 Compatibility
7.2.3 Toxicity
7.2.4 Environmental Issues
7.3 Types Of Degreasers
7.3.1 Citrus Degreasers
7.3.2 Chemical Degreasers
7.3.3 Heavy-Duty Degreasers
7.3.4 Natural Degreasers
7.3.5 Industrial Degreasers
7.4 By Type
7.4.1 Water-Based Industrial Degreasers
7.4.2 Solvent-Based Industrial Degreasers
7.5 By Grade
7.5.1 Liquid-Based
7.5.2 Petroleum-Based
7.5.3 Bio-Based
7.5.4 Other
7.6 By Application
7.6.1 Automotive
7.6.2 Manufacturing
7.6.3 Aviation
7.6.4 Pharmaceuticals
7.6.5 Others
7.7 By Region
7.7.1 North America
7.7.2 Europe
7.7.3 APAC
7.7.4 Latin America
7.7.5 Middle East & Africa

8 Growth Opportunity By Segment
8.1 By Type
8.2 By Grade
8.3 By Application
8.4 By Region

9 Covid Impact

10 Market Opportunities & Trends
10.1 Growing Industrialization In Emerging Economies
10.2 Growing End-User Industries
10.3 Favorable Government Regulations

11 Market Growth Enablers
11.1 Rising Automotive Production & Sales
11.2 Demand For Eco-Friendly Products

12 Market Restraints
12.1 Low Awareness In Growing Economies

13 Market Landscape
13.1 Market Overview
13.2 Market Size & Forecast
13.3 Five Forces Analysis

14 Degreaser Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Water-Based Degreasers
14.4 Solvent-Based Degreasers

15 Grade
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Liquid-Based
15.4 Petroleum-Based
15.5 Bio-Based

16 Application
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Automotive
16.4 Manufacturing
16.5 Pharmaceuticals
16.6 Aviation
16.7 Others

17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview