Metal Cleaning Chemicals Market – Increasing Emphasis on Industrial Cleaning to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#MetalCleaning–The global
metal cleaning chemicals market is expected to grow at a CAGR
of close to 5% from 2017-2021, according to a new market research report
by Technavio.

Global metal cleaning chemicals market segmentation by metal type and
type

Technavio’s report on the global metal cleaning chemicals market
analyses the business dimensions and presents a comprehensive breakdown
in terms of market segmentation by metal type, which includes steel and
aluminum. As projected in 2016, 78% of the market share originated from
the steel segment.

Based on type, the global
metal cleaning chemicals market has been segmented into aqueous and
solvent. As of 2016, 79% of the market share came from the aqueous
segment.

“Aqueous metal cleaners are water-based cleaners, and they exhibit
features such as non-flammability, low or no VOCs, and few health risks.
Most of these cleaners are biodegradable. Earlier, aqueous metal
cleaners required intense scrubbing, heat, and high-pressure spray.
However, they have evolved and are as useful as solvent-based cleaners.
These cleaners are generally available in a concentrated form and
require around 5%-20% addition of water based on the intended use,” says
Hitesh Bhatia, a lead analyst at Technavio for specialty
chemicals research.

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Metal cleaning chemicals market: competitive vendor landscape

The global metal cleaning chemicals market is characterized by high
competition because of the presence of global and regional players. The
market is dominated by global vendors such as Air Products and
Chemicals, Eastman, The Dow Chemical Company, The Chemours Company, and
Stepan Company. Manufacturers focus on reducing the production cost to
bring down the price of the product. Product developments help them to
increase the application of products.

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Other topics covered in the report:

Market drivers:

• Increase in metal consumption and rising demand by end-user industries
• Growing emphasis on industrial cleaning and maintenance

Market challenges:

• Emergence of substitutes of metals
• Environmental and government regulations

Market trends:

• Introduction of bio-based metal cleaning chemical products
• Focus on reducing water consumption for metal cleaning

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metal cleaning chemicals market report free of cost

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