Experts predict that the industrial degreasing products market is expected to grow at 5.33% CAGR during the period 2021-2026.
In-depth analysis and data-driven insights into the impact of COVID-19 included in this report on Global Degreasing Products Market. The Industrial Degreasers market by revenue is expected to grow at a CAGR of 5.
New York, December 16, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Industrial Degreaser Market – Global Outlook & Forecast 2021-2026” – https://www.reportlinker.com/p06190262/? utm_source = GNW
33% during the period 2021-2026.
The growing end-user industry, such as the automotive, marine and defense, aerospace, pharmaceuticals, oil and gas and agriculture industries, is expected to support the growth of the industrial degreasers market. The market is moving towards more environmentally friendly and zero VOC products, thereby determining market leadership in a competitive scenario. Solvent based cleaning agent is gaining popularity due to its use to remove unwanted materials from engines or machinery and increase the shelf life of such materials. End users are widely adopting these cleaning products due to new technologies in the industry cleaning services market. Cheap labor and easily accessible raw materials are driving automakers like Chevrolet, Audi, Volvo and others to establish factories in the APAC region, boosting the industrial degreaser market.
The following factors are likely to contribute to the growth of the industrial degreasers market during the forecast period:
â€¢ Growing industrialization in emerging economies
â€¢ Increased production and sale of automobiles
â€¢ Growing demand for ecological products
â€¢ Support government regulations
The study considers the current Industrial Degreasers market scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several factors, restraints and growth trends in the market. The report presents both demand and supply aspects of the market. It profiles and reviews the top companies and other leading companies operating in the market.
SEGMENTATION OF THE INDUSTRIAL DEGREASERS MARKET
This research report includes detailed segmentation by
â€¢ The water-based segment will experience gradual growth of $ 3,914.09 million by 2026. In North America and Europe, limiting VOC-containing products is accelerating the development of water-based cleaning products. water in the area. The global water based market is growing at a CAGR of 5.78% during the forecast period. Water-based solutions are a safer and more environmentally friendly choice, thus fueling the growth of the industrial cleaning services market.
â€¢ The global liquid-based industrial degreaser market is expected to reach $ 9,100.94 million by 2026. Liquid-based degreaser is the largest market in the world. Liquid-based solutions are safe and can be handled easily. The demand for liquid based products will be high during the forecast period.
â€¢ In 2020, the global industrial degreasers market by manufacturing industry was valued at USD 4,225.24 million. With the rapidly changing business environment and technological advancements, the manufacturer is investing in the automation of the manufacturing process. The growing manufacturing industry across the world is supporting the growth of industrial degreaser. The Asian market, especially China, is the largest manufacturing industry, which is expected to further drive demand for industrial cleaning products.
â€¢ The United States is the world’s largest market for degreasers and is driven by a high degree of automation. The United States shares an important contribution to the North American industrial degreaser market. The rise of the pharmaceutical industry across the country is driving the growth of the industry. Growing government regulations in North America are supporting the increased demand for degreasers and other cleaning products. The North America degreasers market will grow at a CAGR of 5.88% during the forecast period.
Segmentation by type
â€¢ Water based
â€¢ Solvent based
Segmentation by class
â€¢ Liquid based
â€¢ Petroleum based
Segmentation by application
Segmentation by geography
â€¢ North America
o United States
o South Korea
â€¢ Latin America
â€¢ Middle East and Africa
o Saudi Arabia
o United Arab Emirates
BASF, Dow Chemical, Evonik Industries, 3M are the main suppliers to the global industrial degreaser industry. Rapidly changing market dynamics regarding innovation and product advancement acts as a catalyst to intensify competition among existing industry players. Suppliers need to develop new technologies and keep abreast of upcoming innovations to gain a competitive advantage over other suppliers. Sustainability is the essential strategic approach to give a competitive advantage.
Key company profiles
â€¢ Dow Chemical Company
â€¢ Evonik Industries
â€¢ Valvoline Inc
Other important suppliers
â€¢ Superior Industries inc.
â€¢ Callington’s paradise
â€¢ Superior Industries Inc
â€¢ Baron Blakeslee
â€¢ Stepan Company
â€¢ The Claire manufacturing company
â€¢ Abro Industries Inc
â€¢ BG Inc products
â€¢ Auto Industrial Marine Chemicals Inc
â€¢ Science Renewable Elevance
â€¢ Company specializing in radiators
â€¢ Superior Industries Inc
â€¢ Consolidated System Pte Ltd:
â€¢ Superior Industries Inc
â€¢ Ravcor cleaning solutions
â€¢ Avmor LtÃ©e
â€¢ Oil Technics Limited
â€¢ W. Chesterton Company
ANSWERS TO KEY QUESTIONS:
1. What is the market size for industrial degreasers?
2. What are the different types of degreasers?
3. What are the latest opportunities and market trends for industrial degreasers?
4. What are the different sectors / applications where industrial degreaser is used?
5. Who are the major key players in the Industrial Degreaser market?
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