Aqueous-based Metal Cleaner Market set to hit worth USD 22.5 billion at CAGR 5.90% during forecast period 2024 to 2034.Market Survey on Aqueous-based Metal Cleaner Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Production Capacity, Export and Import Analysis, Regulations, Trade Analysis and Company Analysis.

NEWARK, DE / ACCESSWIRE / July 15, 2024 / The aqueous-based metal cleaner market size is estimated to be around USD 12.70 billion in 2024. It is projected to exhibit a CAGR of 5.90% and reach a market size of USD 22.50 billion by 2034.

In the last few years, aqueous-based metal cleaners have gained popularity in various industries due to their lower environmental impacts compared to traditional solvent-based cleaners. The cost-efficiency of these aqueous-based metal cleaners, coupled with their competitive performance, is also driving their adoption in various industries. They are also experiencing increasing demand from the electronics manufacturing sector, as these cleaners provide effective cleaning without compromising the integrity of sensitive electronic components.

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Besides this, ongoing research and development initiatives by leading companies in the market are leading to innovations in aqueous-based formulations that enhance their effectiveness in metal cleaning applications. This trend is expected to continue as the demand for eco-friendly products and sustainable cleaning solutions increases.

The expanding metal fabrication industry due to infrastructure development and manufacturing needs in developing and underdeveloped countries is also driving the demand for aqueous-based metal cleaners. Supportive government initiatives promoting the use of environmentally friendly and sustainable cleaning solutions are further fueling the adoption of aqueous-based metal cleaners in various industries.

"Companies in the aqueous-based metal cleaner market must concentrate on the development and promotion of environmentally sustainable cleaning solutions. They must also curate products with biodegradable ingredients to reduce waste and adhere to eco-friendly practices to meet the growing demand for green technologies," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Market Study

• The manufacturing segment dominates the global aqueous-based metal cleaner market, growing at a CAGR of 5.70% through 2034.

• On the basis of the technology type, the ultrasonic segment is expected to grow at a CAGR of 5.50% until 2034.

• The aqueous-based metal cleaner market in the United States is anticipated to grow at a remarkable CAGR of 6.10% through 2034.

• The aqueous-based metal cleaner market in the United Kingdom is estimated to rise at a 7.00% CAGR through 2034.

• The aqueous-based metal cleaner market in China has the potential to rise at a 6.50% CAGR through 2034.

• The Japanese aqueous-based metal cleaner market is predicted to rise at a 7.40% CAGR through 2034.

• The aqueous-based metal cleaner market in South Korea is very likely to grow at a CAGR of 8.00% through 2034.

Competitive Landscape

The market for aqueous-based metal cleaners has a significant number of companies catering to both regional and international consumers.

Key Companies in the Market

• BASF SE

• The Dow Chemical Company

• Henkel AG & Co. KGaA

• 3M Company

• PPG Industries, Inc.

• Quaker Houghton

• Solvay S.A.

• Stepan Company

• Eastman Chemical Company

• Diversey, Inc.

• Chemetall (BASF Group)

• Zep, Inc.

• Croda International Plc

• Nouryon

• Clariant AG

• W. R. Grace & Co.

• Air Products and Chemicals, Inc.

• Kao Corporation

• Emerson Electric Co. (Branson Ultrasonics)

• Evonik Industries AG

These companies are expanding their customer base by strategically marketing their products in underdeveloped and developing countries. The market for aqueous-based metal cleaners is highly fragmented, with numerous players vying for customers' attention.

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Key Segments

By End-Use Industry:

• Manufacturing

• Automotive and Aerospace

• Healthcare

By Technology Type:

• Ultrasonic

• Rinse

• Dip

• Spray

By Region:

• North America

• Latin America

• Asia Pacific

• Middle East and Africa (MEA)

• Europe

Author by:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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