PUBLISHER: IMARC | PRODUCT CODE: 1370582
PUBLISHER: IMARC | PRODUCT CODE: 1370582
Industrial Degreaser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
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?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Degreaser Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Water-Based
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Solvent-Based
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Grade
- 7.1 Liquid-Based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Petroleum Based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Bio-Based
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Manufacturing
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pharmaceutical
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Aviation
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3M Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Abro Industries Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 BG Products Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Callington Haven Pty Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Carroll Company (FGL Group)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Claire-Sprayway Inc. (Plaze Inc.)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Dow Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Nyco Products Company
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Oil Technics Ltd
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Stepan Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Superior Industries Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Valvoline Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 3M Company
List of Figures
- Figure 1: Global: Industrial Degreaser Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Degreaser Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Industrial Degreaser Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Industrial Degreaser Market: Breakup by Type (in %), 2022
- Figure 5: Global: Industrial Degreaser Market: Breakup by Grade (in %), 2022
- Figure 6: Global: Industrial Degreaser Market: Breakup by Application (in %), 2022
- Figure 7: Global: Industrial Degreaser Market: Breakup by Region (in %), 2022
- Figure 8: Global: Industrial Degreaser (Water-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Industrial Degreaser (Water-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Industrial Degreaser (Solvent-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Industrial Degreaser (Solvent-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Industrial Degreaser (Liquid-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Industrial Degreaser (Liquid-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Industrial Degreaser (Petroleum Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Industrial Degreaser (Petroleum Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Industrial Degreaser (Bio-Based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Industrial Degreaser (Bio-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Industrial Degreaser (Other Grades) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Industrial Degreaser (Other Grades) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Industrial Degreaser (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Industrial Degreaser (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Industrial Degreaser (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Industrial Degreaser (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Industrial Degreaser (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Industrial Degreaser (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Industrial Degreaser (Aviation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Industrial Degreaser (Aviation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Industrial Degreaser (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Industrial Degreaser (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Industrial Degreaser Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Industrial Degreaser Industry: SWOT Analysis
- Figure 80: Global: Industrial Degreaser Industry: Value Chain Analysis
- Figure 81: Global: Industrial Degreaser Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Degreaser Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Industrial Degreaser Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Industrial Degreaser Market Forecast: Breakup by Grade (in Million US$), 2023-2028
- Table 4: Global: Industrial Degreaser Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Industrial Degreaser Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Industrial Degreaser Market: Competitive Structure
- Table 7: Global: Industrial Degreaser Market: Key Players
