Aqueous-based metal cleaners are used to remove dirt, oil, grease, stains, corrosion oxides, rust particulates, scale, and stencil marks. The global demand for aqueous-based metal cleaners is estimated at USD 11.2 billion in 2022 and is expected to reach USD 14.6 billion by 2027 with a CAGR of 5.4%. The market is largely fueled by increasing applications, technological advancements, and growing demand in developing countries in Asia Pacific, such as China and India, due to the growing manufacturing sector
The key market players profiled in the report include BASF SE (Germany), Dow Inc. (US), Stepan Company (US), Evonik Industries AG (Germany), Eastman Chemical Company (US), Nouryon (Netherlands), Clariant AG (Switzerland), The Chemours Company (US), Indorama Ventures Public Company Limited (Thailand), Ashland Global Holdings Inc. (US) and among others.
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BASF SE focuses on expanding its presence in emerging markets and maintaining a strong position in the existing ones. The company has a significant geographical presence and a strong brand image in the market. It is focusing on maintaining its position in the market by strengthening its customer relationships in key industries through innovations in applications and technological areas. The company also focuses on the environmental impact of its products and, hence, started production of methanol using renewable raw materials. As a result, the company has reduced the total emission of greenhouse gases by 50%.
Dow Inc. is one of the largest chemical manufacturers in the world. The company offers products and services across 160 countries through its subsidiaries. It operates in 34 countries with 189 production plants. It serves a number of end-use industries, including construction, healthcare & medical, packaging, oil & gas, transportation, pharmaceutical, processed foods, pulp & paper, textile & carpet, utilities, and renewable energy.
Aqueous-based Metal Cleaners Market by Cleaning Chemicals (Builders, Sequestrants & Inhibitors, Surfactants), End-use Industries (Manufacturing, Automotive & Aerospace, Healthcare), Chemistry Type, Technology and Region- Global Forecast to 2027
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