The industrial degreaser global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Industrial Degreaser Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
industrial degreaser market size has grown strongly in recent years. It
will grow from $20.17 billion in 2023 to $21.43 billion in 2024 at a
compound annual growth rate (CAGR) of 6.2%. The growth in the historic
period can be attributed to industry-specific customization, market
demand for water-based solutions, focus on regulatory compliance,
bio-based and solvent-free solutions, environmental regulations.
The industrial degreaser market size is expected to see strong growth in the next few years. It will grow to $26.12 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to continued regulatory emphasis, growing sustainability awareness, enhanced packaging sustainability, market expansion of water-based solutions, increasing demand for customized solutions. Major trends in the forecast period include bio-based and solvent-free solutions, advanced technology integration, water-based degreasers, packaging innovations, technological advancements.
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Scope Of Industrial Degreaser Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Degreaser Market Overview
Market Drivers -
The
rising automotive production is expected to propel the growth of the
industrial degreaser market going forward. Automotive production refers
to manufacturing motor vehicles, including passenger automobiles, light
trucks, and commercial vehicles. This involves creating the vehicle's
concept, design, and specifications, including its appearance,
performance, and safety features. Industrial degreasers in the
automotive industry facilitate the cleaning and maintenance of vehicle
parts. The automotive sector widely adopts degreasers for cleaning and
maintaining various components of vehicles. For instance, in May 2023,
according to the European Automobile Manufacturers' Association (ACEA) a
lobbying and standards group of the automobile industry, in 2022, 85.4
million motor vehicles were produced worldwide, an increase of 5.7%
compared to 2021. Therefore, the rising automotive production is driving
the growth of the industrial degreaser market.
Market Trends -
Major
companies operating in the industrial degreaser market are developing
innovative products such as, high-purity hydrocarbons and alcohol
degreasers to better serve customer needs. High-purity hydrocarbons and
alcohol degreaser refers to using highly purified solvents for vital
cleaning applications. These solvents are frequently used in degreasers
to remove grease, lubricants, cutting fluids, corrosion inhibitors, and
other pollutants commonly found in industrial applications. For
instance, in July 2023, Molyslip, a UK-based manufacturer of specialist
lubricants, launched SLIPCLEAN RD. This unique cleaner and degreaser is
formulated to remove various industrial soils and impurities, including
oil, grease, carbon deposits, inks, and semi-cured adhesives. SLIPCLEAN
RD is created with high-quality hydrocarbons and alcohol to ensure
maximum cleaning power while leaving no residue. The product's rapid
evaporation rate ensures quick drying, resulting in immaculate surfaces.
The industrial degreaser market covered in this report is segmented –
1) By Type : Water-Based, Solvent BasedBy Grade
2) By Liquid-Based, Petroleum-Based, Bio-Based, Other Grades
3) By Application: Automative, Manufacturing, Pharmaceutical, Aviation, Other Applications
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Regional Insights -
North
America was the largest region in the industrial degreaser market in
2023. The regions covered in the industrial degreaser market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the industrial degreaser market report are BASF SE, The Dow
Chemical Company, 3M, Henkel AG & Co. KGaA, The Sherwin-Williams
Company, Evonik Industries, Emerson Industrial Automation, Ecolab Inc.,
DuPont de Nemours, Inc., Akzo Nobel N.V., Eastman Chemical Company,
Clariant AG, Diversey, Inc., Stepan Company, Quaker Chemical
Corporation, Superior Industries Inc., Valvoline Inc., RUST-OLEUM, A.W.
Chesterton Company, Castrol, Aervoe Industries, Inc., Sunburst
Chemicals, Inc., NCH Corporation, QualiChem, Inc., PETROFER Chemie H. R.
Fischer GmbH + Co. KG
Table of Contents
1. Executive Summary
2. Industrial Degreaser Market Report Structure
3. Industrial Degreaser Market Trends And Strategies
4. Industrial Degreaser Market – Macro Economic Scenario
5. Industrial Degreaser Market Size And Growth
…..
27. Industrial Degreaser Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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