Metal Cleaning Chemicals Market Research And Analysis By Expert: Market Growth, Competitors Analysis And Business Opportunities 2020-2027
Metal Cleaning Chemicals Market To Reach USD 27.03 Billion By 2027
Accordingto a new report by Reports and Data, the size of the Global Metal Cleaning Chemicals Marketis expected to reach USD 27.03 billion by 2027. Chemicals used for metalcleaning are used to wash off inorganic and extraneous materials from themetal's surface. They are used to remove any oil that can affect theconsistency of metal output, excessive surfaces, grease, corrosion oxides, andother particulate matter. Metal washing prevents product corrosion and removesfouling of organic materials such as bacteria, fungi, animal fats andhydrocarbons, as well as inorganic materials such as hydroxides, sulphides,silicates, carbonates, phosphates, etc.
Chemicalsused for metal cleaning are used in automobile, building, transportation, andaerospace to clean heavy machines and machinery. For heavy machinery andequipment used in the transportation and manufacturing industry, consistentmaintenance and sustained performance quality are required. Significant growthin demand among end-users for these chemicals is driving the market in the AsiaPacific region. However, strict regulations on the use of non-toxic chemicalscan hamper the growth of the business. The emergence of environmentallyfriendly and bio-based chemicals is expected to generate sufficient growthopportunities during the forecast period.
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Themanufacturing sector has seen an increase in the Asia Pacific region,especially in China, Japan, India, and Indonesia. The growth rate of themanufacturing industry in China is expected to double in the coming years,according to the Chinese Ministry of Commerce. The Government of India releasedthe same data, which is expected to show a 4% increase over the next two yearsin the manufacturing sector. The market for chemicals for metal cleaning isanticipated to benefit from this.
Itis projected that the second-largest market share will be held by Europe. Thearea will experience stable growth as a result of increasing manufacturing,cars and demand from countries such as Italy, France and Spain. Moreover, theparticipation of key market players is also encouraged by customer demand.
Key participants include
· Stepan Company
· Houghton International Inc.
· Eastman Chemical Company
· Air Products and Chemicals, Inc.
· The DOW Chemical Company
· Quaker Chemical Corporation
· Oxiteno
· Rochester Midland Corporation
· Emerson Electric
· Eastman Chemical Company
Forthe purpose of this report, Reports and Data has segmented the global metalcleaning chemicals market on the basis of chemical type, end-use, application,and region:
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Chemical Type Outlook(Revenue, USD Billion; 2017-2027)
· Aqueous
· Solvent
End-Use Outlook(Revenue, USD Billion; 2017-2027)
· Automotive
· Construction
· Manufacturing
· Appliances andUtensils
· Others
Application Outlook(Revenue, USD Billion; 2017-2027)
· Steel
· Copper
· Aluminum
· Others
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Regional Outlook(Revenue, USD Billion; 2017-2027)
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o BENELUX
o Rest of Europe
· Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
· Latin America
o Brazil
o Rest of LATAM
· Middle East & Africa
o Saudi Arabia
o U.A.E.
o Rest of MEA
KeyHighlights from the Metal Cleaning Chemicals Market Report:
· Comprehensive overview of the MetalCleaning Chemicals market along with detailed analysis of the current andemerging trends of the industry.
· Detailed analysis of the competitivelandscape of the market with company profile, product portfolio, and expansionstrategies
· Comprehensive assessment of the mergersand acquisitions, joint ventures, partnerships, and other collaborations
· In-depth regional analysis to provide adetailed understanding of the market spread and competition in key regions ofthe market
· Complete assessment of the risks,trends, demands, opportunities, and threats in the industry
· Strategic recommendations to the newplayers and established countries to assist them in gaining a strong footholdin the market
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