Global Metal Cleaning Chemicals Market 2017-2021

Overview of the global metal cleaning chemicals market

According to Technavio’s research analysis, the increasing demand for metals from the end-user industries will be one of the major factors that will have a positive impact on the growth of the global metal cleaning chemicals market till 2021. The metal cleaning chemicals market is largely driven by the rate of metal consumption in industries such as consumer appliances, automotive, telecommunications, aerospace, and electrical and electronics. End-user industries heavily depend on steel, titanium, cast iron, and aluminum for manufacturing and assembling different machinery, equipment, and tools. Since the better maintenance of machines offers improved performance, these industries demand the need for metal cleaning chemicals to protect the equipment from dirt, oil, and grease, driving the market’s growth prospects during the forecast period. Our market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

In terms of geographic regions, APAC will be the major revenue contributor of the metal cleaning chemicals market throughout the forecast period. China, India, and Japan are the main contributors to the market in this region. Factors such as the increased demand for metal cleaning chemicals from the automotive industry and the quick expansion of the industrial sectors in the developing nations, will drive the growth of the market in APAC.

Competitive landscape and key vendors  

The metal cleaning chemicals market consists of both global and regional players.  Vendors in this market compete mainly in terms of product quality, price, new product development, product accessibility, and the application of products. To improve their market shares, the players in this marketspace are focusing on enhancing their presence to various geographic regions across the globe.

The leading vendors in the market are –

• Air Products and Chemicals
• Eastman
• The Dow Chemical Company
• The Chemours Company
• Stepan Company

The other prominent vendors in the market are Hubbard-Hall, Houghton International, ICL Performance Products, Modern Chemical, PCC Chemax, and Quaker Chemical Corporation.

Segmentation by metal type and analysis of the metal cleaning chemicals market

• Steel
• Aluminum

During 2016, the steel segment accounted for the major shares of the metal cleaning chemicals market. Factors such as the high tensile strength and low cost will contribute to the growth of this industry segment in the coming years.

Segmentation by type and analysis of the metal cleaning chemicals market

• Aqueous
• Solvent

According to this market research report, the aqueous metal cleaning chemicals will account for the maximum share of the metal cleaning chemicals market until 2021. The benefits of these chemicals such as non-flammability, low or no VOCs, and limited health risks will drive the demand for aqueous metal cleaning chemicals in this market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metal cleaning chemicals market?
• What are the key market trends impacting the growth of the global metal cleaning chemicals market?
• What are the challenges to market growth?
• Who are the key vendors in the global metal cleaning chemicals market?
• What are the market opportunities and threats faced by the vendors in the global metal cleaning chemicals market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global metal cleaning chemicals market?

Technavio also offers customization on reports based on specific client requirement.