Market Size of North America Metal Cleaning Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Metal Cleaning Chemicals Market Analysis
The North American metal cleaning chemicals market is projected to register a CAGR of over 4% during the forecast period.
During COVID-19, the consumption of metal cleaning chemicals was reduced from the industrial segment due to the shutting down of production units and disruptions in the supply chain. However, the market's demand increased in the cleaning sector owing to the high importance given to disinfecting metal surfaces for controlling the spread of COVID-19 in houses, industrial complexes, institutions, and other areas. The market has been doing well post-pandemic due to the revival of demand from the industrial sector.
- Over the short term, growing concern toward industrial cleaning and maintenance, and increasing demand for metal cleaners from manufacturing industries, are some of the factors driving the market demand.
- Stringent environmental regulations related to VOC emissions may hinder the market's growth.
- The development of bio-based cleaning chemicals is likely to create opportunities for the market in the coming years.
- The United States is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
North America Metal Cleaning Chemicals Industry Segmentation
Metal cleaning chemicals serve the purpose of wet-ability, clean-ability, and protection against corrosion of the components that require certain cleanliness specifications. These can be surfactant-based cleaners and degreasers, etchants, or solvents. Metal cleaning chemicals are important as they are needed for cleaning various metal parts after they undergo operations such as machining. They are used in almost all industrial activities that require the use of metals, metal parts, or equipment.
The North American metal cleaning chemicals market is segmented by form, type, functional additives, end-user industry, and geography. By form, the market is segmented into aqueous and solvent. By type, the market is segmented into acidic, basic, and neutral. By functional additives, the market is segmented into surfactants, corrosion inhibitors, chelating agents, and PH regulators. By end-user industry, the market is segmented into transportation, electrical and electronics, chemical and pharmaceutical, oil and gas, and other end-user industries. The report also covers the market size and forecasts for the North American metal cleaning chemicals market in three major countries across the region. The report offers the market sizes and forecasts for each segment on the basis of revenue (USD million).
Form | |
Aqueous | |
Solvent |
Type | |
Acidic | |
Basic | |
Neutral |
Functional Additives | |
Surfactants | |
Corrosion Inhibitors | |
Chelating Agents | |
PH Regulators |
End-user Industries | |
Transportation | |
Electrical and Electronics | |
Chemical and Pharmaceutical | |
Oil and Gas | |
Other End-user Industries |
Geography | |
United States | |
Canada | |
Mexico |
North America Metal Cleaning Chemicals Market Size Summary
The North American metal cleaning chemicals market is experiencing a positive trajectory, driven by the resurgence of demand from the industrial sector post-pandemic. The market, which faced a temporary decline during the COVID-19 pandemic due to industrial shutdowns and supply chain disruptions, saw an increase in demand from the cleaning sector as disinfecting metal surfaces became crucial. The market is propelled by growing concerns over industrial cleaning and maintenance, alongside rising demand from manufacturing industries. However, the market's growth is somewhat constrained by stringent environmental regulations concerning VOC emissions. The development of bio-based cleaning chemicals presents new opportunities, with the United States expected to dominate the market, exhibiting the highest growth rate during the forecast period.
The transportation industry significantly contributes to the demand for metal cleaning chemicals, as these chemicals are essential for protecting metal parts and extending the lifespan of vehicles. The automotive sector, in particular, benefits from these chemicals, with the United States and Canada being key players in automotive production and electric vehicle sales. The aerospace industry in the United States, along with robust manufacturing activities, further bolsters the market. Additionally, the pharmaceutical and electronics sectors in the United States are advancing, driving the need for metal cleaning chemicals. The market is characterized by fragmentation, with major players like Nouryon, Evonik Industries, BASF SE, Stepan Company, and Dow actively participating. Recent acquisitions, such as MKS Instruments' acquisition of Atotech and Element Solutions Inc.'s acquisition of Coventya Holding SAS, are expected to enhance market positions and expand reach across various end markets.
North America Metal Cleaning Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Concern Towards Industrial Cleaning and Maintenance
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1.1.2 Increasing Demand for Metal Cleaners from Manufacturing Industries
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1.2 Restraints
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1.2.1 Stringent Environment Regulations
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Application Methods (Qualitative Analysis)
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1.5.1 Rinsing
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1.5.2 Spraying
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1.5.3 Dipping (Immersing)
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1.5.4 Ultrasonic
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2. MARKET SEGMENTATION (Market Size in Revenue)
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2.1 Form
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2.1.1 Aqueous
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2.1.2 Solvent
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2.2 Type
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2.2.1 Acidic
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2.2.2 Basic
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2.2.3 Neutral
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2.3 Functional Additives
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2.3.1 Surfactants
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2.3.2 Corrosion Inhibitors
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2.3.3 Chelating Agents
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2.3.4 PH Regulators
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2.4 End-user Industries
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2.4.1 Transportation
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2.4.2 Electrical and Electronics
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2.4.3 Chemical and Pharmaceutical
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2.4.4 Oil and Gas
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2.4.5 Other End-user Industries
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2.5 Geography
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2.5.1 United States
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2.5.2 Canada
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2.5.3 Mexico
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North America Metal Cleaning Chemicals Market Size FAQs
What is the current North America Metal Cleaning Chemicals Market size?
The North America Metal Cleaning Chemicals Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in North America Metal Cleaning Chemicals Market?
Nouryon, BASF SE, Dow, Evonik industries and Stepan Company are the major companies operating in the North America Metal Cleaning Chemicals Market.