Global Aqueous based Metal Cleaners Market Size/Share Expected to Reach USD 18.90 Billion By 2032, at 5.3% CAGR: Polaris Market Research
Polaris Market Research has conducted a comprehensive 2023 research study spanning over [+115] pages, revealing that the global aqueous based metal cleaners market was valued at USD 11.26 Billion in 2022. The study predicts that the market will grow at a compound annual growth rate (CAGR) of 5.3% and is expected to reach USD 18.90 Billion By 2032. Sequestrants segment is anticipated to grow at a high CAGR over the forecast period owing to the rising use of water purifiers for healthier measures. Some of the top market players are BASF, Dow, Stepan Company, Evonik Industries, Eastman Chemical Company, Nouryon, Clariant, Chemours Company and others.
New York, NY, April 21, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Aqueous based Metal Cleaners Market Share, Size, Trends, Industry Analysis Report, By Cleaning Chemicals (Builders, Sequestrants and Inhibitors, Surfactants); By End Use Industries; By Chemistry Type; By Technology; By Region; Segment Forecast, 2023 – 2032” in its research database.
“According to the latest research analysis, the global aqueous based metal cleaners market size/share is anticipated to be valued at approximately USD 11.26 Billion in 2022 and is projected to hit a revenue of around USD 18.90 Billion By 2032, at a CAGR of around 5.3% between 2023 and 2032.”
What are Aqueous based Metal Cleaners? How Big Is Aqueous based Metal Cleaners Market Size & Share?
- Report Overview
Aqueous cleaning is a process that involves adding a combination of detergents, surfactants, emulsifiers, or buffers to water, which, when coupled with heat, agitation, and time, effectively removes contaminants from industrial parts. This approach, often called “water-plus,” allows for a more efficient and thorough cleaning process. The added agents work together to break down and eliminate the contaminants on metal surfaces.
The aqueous-based metal cleaners market size is growing immensely as it provides eco-friendly cleaning solutions for removing dirt, oil, and other contaminants from metal surfaces. The demand for these solutions is driven by increasing environmental concerns and government regulations on using certain chemicals in cleaning products.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report Covers:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Some of the Top Market Players Are;
- Stepan Company
- Evonik Industries
- Eastman Chemical Company
- Chemours Company
- Indorama Ventures
- Ashland Global Holdings
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Prominent Drivers of the Market
- Environmental concerns: Growing concerns about the environmental impact of certain chemicals used in cleaning products may lead to increased demand for aqueous-based cleaning solutions, as they are generally considered to be more environmentally friendly.
- Government regulations: Government regulations and guidelines on using certain chemicals in cleaning products may drive demand for aqueous-based cleaning solutions, as they may follow such regulations.
- Industry growth: Certain industries, such as food and beverage production and healthcare, may drive demand for aqueous-based cleaning solutions as they are commonly used.
- Technological advancements: Advancements in technology may lead to the development of more efficient and effective aqueous-based cleaning solutions, which can increase demand for these products.
- Consumer preferences and competition: Consumer preferences also play a role in the aqueous market, as more and more consumers are becoming conscious about the environmental impact of their products and prefer eco-friendly solutions. The level of competition in the market can also influence the aqueous market, as companies may try to differentiate their products through pricing, advertising, or product development.
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Top Report Findings
- Increasing environmental concerns are the key factor for the aqueous-based metal cleaners market growth.
- The market is primarily segmented based on cleaning chemicals, end-use industries, chemistry type, technology, and region.
- Asia Pacific region dominates the market.
Top Trends Influencing the Market
- Sustainability: The demand for sustainable and eco-friendly products is rising, driven by growing environmental awareness and regulations. Companies increasingly focus on creating sustainable products and adopting sustainable practices to reduce their carbon footprint and appeal to environmentally conscious consumers.
- Digitalization: The use of digital technologies and tools is revolutionizing the market. From AI and automation to IoT and blockchain, companies are leveraging technology to improve efficiency, reduce costs, and enhance the customer experience. Ultimately, this is leading to rising in aqueous-based metal cleaners market sales.
- Personalization: Consumers are increasingly demanding personalized products and experiences, and companies are responding by offering customized solutions. From tailored product offerings to personalized marketing and advertising, companies are leveraging data and technology to meet the needs and preferences of individual consumers.
- Health and wellness: The focus on wellness drives demand for products promoting physical and mental well-being. Companies are developing and marketing products that offer health benefits, such as nutritional supplements, exercise equipment, and wellness apps. The COVID-19 pandemic has also heightened awareness of the importance of health and wellness, driving further growth in this aqueous-based metal cleaners market trend.
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- In 2022, the sequestrants segment held the leading position
Sequestrants dominate the cleaning chemicals segment owing to this chemical’s wide range of usage. Sequestrants are water purifiers that stop metal ions from precipitating and settling in an alkaline medium. These sequestrants include sodium gluconates, tri-polyphosphates, organic phosphates, & poly-carbonate salts. These cleaning solutions help the aqueous-based metal cleaners market share grow.
- Healthcare segment is anticipated to capture a substantial revenue share
Healthcare segment is projected to grow well due to its various functions in the healthcare industry. Regarding effectiveness, fewer surface residues, and simpler cleaning, using aqueous-based metal cleansers in healthcare provides various advantages. Depending on the contaminants involved, aqueous-based cleaning is performed in two processes.
- Acidic segment held the largest market share in 2022
Based on chemistry type and aqueous-based metal cleaners market segmentation, the Acidic segment is projected to witness a significant growth rate owing to increasing demand for the purpose of efficient and effective cleaning. Acidic cleaners are used the second most widely worldwide, after alkaline cleaners. Acidic metal cleansers are water-based solutions with a pH rating under 7.
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Aqueous based Metal Cleaners Market: Report Scope & Coverage
|Revenue forecast in 2032||USD 18.90 Billion|
|Market size value in 2023||USD 11.82 Billion|
|Expected CAGR Growth||5.3% from 2023 – 2032|
|Forecast Year||2023 – 2032|
|Top Market Players||BASF SE, Dow, Stepan Company, Evonik Industries AG, Eastman Chemical Company, Nouryon, Clariant AG, The Chemours Company, Indorama Ventures Public Company Limited, Ashland Global Holdings|
|Segments Covered||By Form, By Product, By Application, By Region|
|Customization Options||Customized purchase options are available to meet any research needs. Explore customized purchase options|
Asia Pacific: aqueous-based metal cleaners market demand in the Asia Pacific region is projected to experience a higher growth rate, driven by the escalating demand for sustainable and eco-friendly solutions, technological advancements, government regulations, and overall economic growth. With rapid economic development and increased disposable incomes in developing nations, Asia Pacific has become an attractive market for aqueous-based metal cleansers.
Browse the Detail Report “Aqueous based Metal Cleaners Market Share, Size, Trends, Industry Analysis Report, By Cleaning Chemicals (Builders, Sequestrants and Inhibitors, Surfactants); By End Use Industries; By Chemistry Type; By Technology; By Region; Segment Forecast, 2023 – 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/aqueous-based-metal-cleaners-market
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- BASF, in December 2022, unveiled a line of automobile coatings that employ certified biomass balance techniques and renewable raw materials in China. The first shipment of the biomass balance ColorBrite Airspace Blue ReSource basecoat was delivered to a Chinese customer.
- In November 2022, Dow designated AB Specialty as its authorized distributor in the United States and Canada to support the growth of Dow’s “OH-based silicone polymers ERC industry” segment.
Polaris Market Research has segmented the aqueous based metal cleaners market report based on cleaning chemicals, end use industries, chemistry type, technology, and region:
By Cleaning Chemicals Outlook
By End Use Industries Outlook
- Automotive & Aerospace
By Chemistry Type Outlook
By Technology Outlook
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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