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Dublin, November 9, 2021 (GLOBE NEWSWIRE) – The “Metal Cleaning Chemicals Market – Growth, Trends, Impact of COVID-19, and Forecasts (2021-2026)” Report was added to ResearchAndMarkets.com to offer.
The metal cleaning chemicals market is expected to experience a CAGR of over 3% over the forecast period. Metal cleaning chemicals help prevent damage and maintain the efficiency of metal tools and equipment in various manufacturing industries.
The main factors driving the studied market are the increasing demand from the manufacturing industry and the growing interest in industrial cleaning and maintenance.
On the flip side, strict environmental regulations and the effects of the COVID-19 pandemic are expected to hamper the growth of the market under study.
The Asia-Pacific region dominated the metal cleaning chemicals market, with India, China and Japan being the major consuming countries.
Major market trends
Acid cleaning chemicals to dominate the market
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Metal cleaning chemicals are used for wettability, cleanability and corrosion protection of components that require certain cleanliness requirements.
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Acid cleaning agents are usually used to remove inorganic deposits such as flaking. The active elements are usually concentrated acids and mineral chelates. Corrosion inhibitors and surfactants are often added to the acid.
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Hydrochloric acid is one of the mineral acids that are mainly used for concrete. Vinegar can also be used to remove limescale and clean hard surfaces. Sulfuric acid is used in acidic drain cleaners to break free of jammed pipes by softening fats and carbohydrate-containing materials like toilet paper.
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Acid detergents, powerful and versatile substances, have the ability to remove tarnish and hard water deposits from surfaces. They are also capable of removing all types of ion build-up from metals.
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Easily available cleaning products include detergent or soap, water, acetic acid, citric acid, sodium hydroxide, ammonia, carbon dioxide, acetone, chromic acid, sodium perborate, borax, rubbing alcohol, and isopropyl alcohol.
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The cleaning of metallic surfaces is a common predicament in various industries. Metal cleaning chemicals are used to solve this problem.
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As manufacturing activities grow around the world, the demand for acid metal cleaning chemicals is expected to increase over the forecast period.
Germany dominates the European market
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The German economy is the largest in Europe and the fifth largest in the world. In 2019 the German economy grew by around 0.6%, which was the weakest growth rate in the last five years. The country’s economic growth is being influenced by a number of factors, such as trade tensions leading to lower exports and recent government policies on debt and fiscal adjustments. The country plans to halt further economic decline due to the impact of COVID-19 by announcing the availability of funds (in excess of $ 600 billion) to ensure growth and smooth functioning of various public sectors in the near future. Still, the country’s GDP is expected to drop to -7.0% in 2020.
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Germany has the largest automotive industry in Europe. With 41 assembly and engine plants, which make up a third of all automobile production in Europe, Germany is the leader in the European automobile market. Germany, one of the leading manufacturing locations in the automotive industry, is home to manufacturers from different segments such as device manufacturers, material and component suppliers, engine manufacturers and entire system integrators.
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However, after the moderate decrease in production of 1.7% in 2017, it went downhill with negative growth rates of 9.3% and 9% in 2018 and 2019, respectively. However, growth in demand for automobiles in the country has been good as auto sales rose from 3,822,060 units sold in 2018 to 4,017,059 in 2019. This trend is expected to continue and result in production growth that will fuel demand for metal cleaning chemicals in the medium term.
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The Federal Ministry for Economic Affairs and Energy lists the aerospace industry as a key industry in Germany with a strong industrial core and high growth rates expected in the coming years. The German aerospace manufacturing and supply industry comprises more than 2,300 companies throughout Germany, with northern Germany being the area with the higher density of companies.
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Air Berlin, Deutsche Lufthansa AG, MTU Aero Engines GmbH and Rolls-Royce Deutschland Ltd are just a few of the big players in the German aerospace industry. The state is home to a large number of production sites for aircraft interiors, MRO as well as lightweight construction and materials, especially in Bavaria, Bremen, Baden-Württemberg and Mecklenburg-Western Pomerania. It is estimated that over 30-35,000 new aircraft will be operational over the next 20 years to meet growing aviation demand. Therefore, the increase in aircraft production after the recovery from COVID-19 is expected to contribute to the market growth during the forecast period.
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The German electronics industry is Europe’s largest and fifth largest industry worldwide. The electrical and electronics industry accounted for 11% of total German industrial production and around 3% of Germany’s gross domestic product (GDP). According to ZVEI, the German electronics industry recorded a decline in incoming orders of around 3.2% in 2019. In 2019, foreign orders rose 3.8% while domestic orders fell 4.6%, boosting electronics production in the country. However, due to COVID-19, the industry continued to decline in 2020. These factors will affect the demand for metal cleaning chemicals in the country.
Key topics covered:
1 INTRODUCTION
2 RESEARCH METHOD
3 SUMMARY
4 MARKET DYNAMICS
4.1 Driver
4.1.1 Growing demand from the manufacturing industry
4.1.2 Growing interest in industrial cleaning and maintenance
4.2 Limitations
4.2.1 Strict environmental regulations
4.2.2 Effects of the COVID-19 pandemic
4.3 Analysis of the industry’s value chain
4.4 Porter’s Five Forces Analysis
4.4.1 Suppliers’ negotiating power
4.4.2 Bargaining power of buyers
4.4.3 Threat from new entrants
4.4.4 Threat from Substitute Products
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 type
5.1.1 Acid
5.1.2 Basis
5.1.3 Neutral
5.2 Form
5.2.1 Aqueous
5.2.2 Solvent
5.3 End user industry
5.3.1 Transport
5.3.2 Electrics and electronics
5.3.3 Chemicals and pharmaceuticals
5.3.4 Oil and gas
5.3.5 Other end-user industries
5.4 geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of the Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Cooperations and Agreements
6.2 Market share analysis **
6.3 Leading Player Strategies
6.4 Company profiles
6.4.1 Arrow solutions
6.4.2 AVUDAI SURFACE TREATMENTS PVT. GMBH
6.4.3 Chemical company Chautauqua
6.4.4 CP GROUP BV
6.4.5 Crest chemicals
6.4.6 Delstar Metal Finishing, Inc.
6.4.7 Dow
6.4.8 DST-CHEMICALS A / S
6.4.9 Eastman Chemical Company
6.4.10 Elmer Wallace Ltd.
6.4.11 Houghton International Inc.
6.4.12 Hubbard Hall
6.4.13 ICL
6.4.14 KYZEN CORPORATION
6.4.15 Lincoln Chemical Corporation
6.4.16 Luster-On Products Inc.
6.4.17 Modern Chemical, Inc.
6.4.18 Quaker Chemical Corporation
6.4.19 PCC Rokita SA
6.4.20 Rochester Midland Corp.
6.4.21 Spartan Chemical Company, Inc.
6.4.22 Stepan company
6.4.23 ZAVENIR DAUBERT INDIA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of bio-based cleaning chemicals
7.2 Other possibilities
For more information on this report, see https://www.researchandmarkets.com/r/uuh6xv
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