HOME › Press Releases › Metal Cleaning Chemicals Market worth 16.3 Billion USD by 2020
Metal Cleaning Chemicals Market worth 16.3 Billion USD by 2020
The report “Metal Cleaning Chemicals Market by Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum, Copper Alloys & Others), by Region - Global Trends & Forecasts to 2020”, defines and segments the metal cleaning chemicals market with an analysis and forecast for type, metal type, and regions by volume as well as value. The metal cleaning chemicals market size by value is projected to reach USD 16.3 Billion by 2020, registering a CAGR of 4.9% between 2015 and 2020.
Browse 82 market data tables and 52 figures spread through 132 pages and in-depth TOC on "Metal Cleaning Chemicals Market by Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum, Copper Alloys & Others), by Region - Global Trends & Forecasts to 2020"
Early buyers will receive 10% customization on reports.
“Asia-Pacific is the key market for metal cleaning chemicals”
Asia-Pacific dominated the metal cleaning chemicals market in 2014. China is the key market for metal cleaning chemicals and accounted for more than 22% of the global metal cleaning chemicals market. The demand is high due to huge demand from the automotive and industrial sectors. The growing manufacturing activities in China, India, and Japan are likely to be major boost to the growth of the metal cleaning chemicals market.
The European market for metal cleaning chemicals is growing from the residential and aerospace sectors. North America accounted for the third-largest market share for metal cleaning chemical in 2014 and is expected to show steady demand in the coming years. The metal cleaning chemicals market in the RoW, especially, in the Middle East & Africa is expected to grow at a good pace in next few years.
“Aqueous-based metal cleaners to dominate the global metal cleaning chemicals market”
The metal cleaning chemicals market is dominated by aqueous-based metal cleaners and accounted for 84% of the overall market in 2014. The market for aqueous metal cleaning chemicals is projected to register a CAGR of 5.3% between 2015 and 2020. While there was growth in sales of aqueous metal cleaning chemicals, there have been moves toward solvent-based metal cleaners. Recent technical advancement may make solvent cleaning a more cost-effective solution than aqueous cleaning in certain critical applications. Use of solvent-based metal cleaners is, especially, seen in the Asia-Pacific region due lax environmental regulations. Similarly, the Middle East & Africa also enjoys the use of solvent-based metal cleaners due to flexible regulations and policies.
“Steel (metal type) to dominate the global metal cleaning chemicals market”
Steel is one of the most common materials used in the world and it accounted for more than 80% of the overall cleaning chemicals used in 2014. The Asia-Pacific region is experiencing record sales growth of cleaning chemicals for steel as the region is expected to see decent growth in steel demand. In Asia-Pacific, China, India, and other developing economies are expected to drive the metal cleaning chemicals.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India