Industrial Degreaser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Industrial Degreaser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global industrial degreaser market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Industrial degreaser refers to water- or solvent-based cleaning chemicals that are formulated to remove various water-insoluble substances, including lubricants, corrosion dust, and heavy oils from hard surfaces and metals. It is commercially manufactured by combining several ingredients, such as saponifies, emulsifiers, alkalizes, inhibitors, chelating, and sequestering agents, in varying degrees. It can be further composed through the do-it-yourself (DIY) technique, wherein diverse natural ingredients, including baking soda, lemon, vinegar, liquid soap, and essential oils, are blended to develop the product. Industrial degreaser helps remove contaminants and unwanted materials from different machine parts, protect them against damage to ensure their quality, and provide a unique cleaning experience. Apart from this, industrial degreasers are anti-corrosive, inexpensive, have high dielectric strength, and comprise better rusting properties. As a result, they are used on concrete and metal surfaces, non-aluminum equipment, motors, appliances, and floors for cleaning purposes.

Industrial Degreaser Market Trends:
Rapid industrialization and the increasing need for effective solvent-based liquid cleaning agents have facilitated the widespread adoption of industrial degreasers across various sectors, which, in turn, is primarily driving the market growth. They offer a safe working environment and reduce labor costs by removing dirt, grease, and oil from industrial or farm equipment, metals, and lawn mowers. Additionally, the enforcement of the current good manufacturing practice (CGMP) acts by governments to ensure optimal workplace sanitation in diverse manufacturing industries is further supplementing the product demand across the globe. Moreover, the escalating consumer awareness regarding the detrimental effects of chemical cleaners has prompted manufacturers to compose eco-friendly, bio-based degreasers with zero to low volatile organic compounds (VOCs), which is propelling the market growth. Furthermore, the extensive utilization of industrial degreasers in the automotive sector to remove unwanted grim substances from various vehicle parts is favoring the market growth. Apart from this, significant product innovations by key players and their easy availability in diverse forms are positively augmenting the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial degreaser market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, grade and application.

Breakup by Type:

Water-Based
Solvent-Based

Breakup by Grade:

Liquid-Based
Petroleum Based
Bio-Based
Others

Breakup by Application:

Automotive
Manufacturing
Pharmaceutical
Aviation
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Abro Industries Inc., BG Products Inc., Callington Haven Pty Ltd., Carroll Company (FGL Group), Claire-Sprayway Inc. (Plaze Inc.), Dow Inc., Nyco Products Company, Oil Technics Ltd, Stepan Company, Superior Industries Inc. and Valvoline Inc.

Key Questions Answered in This Report

1. How big is the global industrial degreaser market?
2. What is the expected growth rate of the global industrial degreaser market during 2023-2028?
3. What are the key factors driving the global industrial degreaser market?
4. What has been the impact of COVID-19 on the global industrial degreaser market?
5. What is the breakup of the global industrial degreaser market based on the grade?
6. What is the breakup of the global industrial degreaser market based on the application?
7. What are the key regions in the global industrial degreaser market?
8. Who are the key players/companies in the global industrial degreaser market?