iCrowdNewswire Jan 6, 2021 7:00 PM ET
The Global Metal Cleaning Chemicals Market size is forecast to reach USD 27.03 Billion by 2027, according to a new report by Reports and Data. To wash off inorganic and extraneous materials from the metal’s surface, chemicals used for metal cleaning are used. They are used to eliminate any oil that can affect the performance quality of the metals, unnecessary surfaces, grease, corrosion oxides, and other particulates. Metal washing prevents product corrosion and eliminates fouling of organic materials such as bacteria, algae, animal fats and hydrocarbons, as well as inorganic materials such as hydroxides, sulphides, silicates, carbonates, phosphates, etc.
In automotive, construction, transportation, and aerospace, chemicals used for metal cleaning are used to clean heavy machines and machinery. Consistent maintenance and sustained performance quality are required for heavy machinery and equipment used in the transport and manufacturing industry. The market in the Asia Pacific region is driven by major growth in demand among end-users for these chemicals. Stringent restrictions on the use of non-toxic chemicals can, however, hamper business growth. During the forecast period, the advent of environmentally friendly and bio-based chemicals is expected to create ample opportunities for development.
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In the Asia Pacific region, the manufacturing sector has seen an increase, especially in China, Japan, India, and Indonesia. According to the Chinese Ministry of Commerce, the growth rate of the manufacturing industry in China is projected to double in the coming years. The Government of India released the same data, which is expected to show a 4% rise in the manufacturing sector over the next two years. The demand for metal cleaning chemicals is expected to benefit from this.
It is estimated that Europe will hold the second-largest market share. As a result of rising manufacturing, automotive and demand from nations such as Italy, France, and Spain, the region will experience stable growth. Moreover, consumer demand is also encouraged by the involvement of key market players.
Key participants include:
- Stepan Company
- Houghton International Inc.
- Eastman Chemical Company
- Air Products and Chemicals, Inc.
- The DOW Chemical Company
- Quaker Chemical Corporation
- Rochester Midland Corporation
- Emerson Electric
- Eastman Chemical Company
For the purpose of this report, Reports and Data has segmented the global metal cleaning chemicals market on the basis of chemical type, end-use, application, and region:
Chemical Type Outlook (Revenue, USD Billion; 2017-2027)
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End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Appliances and Utensils
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
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Major highlights of the global Metal Cleaning Chemicals market report:
Get intricate knowledge of the Metal Cleaning Chemicals market.
The factors are segmented into drivers and restraints. Also, there has been made segmentation and sun-segmentation of the market’s aspects, like product types, services, regions, and competitive landscape.
It provides a comprehensive analysis to help new entrants strategize and optimize their strengths and neutralize their weaknesses.
Accelerates decision making in view of noteworthy and assessing information also the drivers and limitations available of the market
To summarize, the global Metal Cleaning Chemicals market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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