Industrial Degreaser Market Research Report
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Industrial Degreaser Market - Global Outlook & Forecast 2021-2026

TO BE PUBLISHED : Oct 2021 | Pages : 240

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THE GLOBAL INDUSTRIAL DEGREASER MARKET SIZE TO REACH REVENUES OF USD 24.37 BILLION BY 2026, GROWING AT A CAGR OF 5.33% DURING THE PERIOD 2021-2026

Industrial Degreaser Market Size, Share, & Trends Analysis Report by Type (Water-Based and Solvent-Based), Grade (Liquid-Based, Petroleum-Based, Bio-Based, and Others), Application (Automotive, Manufacturing, Pharmaceutical, Aviation, and Others), and Geography (North America, Europe, APAC, Latin America, and Middle East & Africa); Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2021–2026

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Most Exhaustive Report

240 Pages

111 Tables

87 Charts

5 Regions

18 Countries

26 Companies

4 Market Segment

INDUSTRIAL DEGREASER MARKET REPORT SCOPE

Report Attribute Details
Market Size (REVENUE) USD 24.37 BILLION (2026)
CAGR 5.33% (2021-2026)
Base Year 2020
Forecast Year 2021-2026
Market Segments Type (Water-Based and Solvent-Based), Grade (Liquid-Based, Petroleum-Based, Bio-Based, and Others), and Application (Automotive, Manufacturing, Pharmaceutical, Aviation, and Others)
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
Countries Covered US, Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, and South Africa

INDUSTRIAL DEGREASER INDUSTRY OUTLOOK

The global industrial degreaser market size to reach revenues of USD 24.37 billion by 2026, growing at a CAGR of 5.33% during the forecast period. The growing end-user industry such as automotive, marine & defense, aerospace, pharmaceuticals, oil & gas, and agriculture industries is expected to support industrial degreaser’s market growth. The market is moving towards more environment-friendly and zero to low VOCs in products, determining market leadership in a competitive scenario. The solvent-based cleaning agent is gaining popularity owing to its usage of removing unwanted materials from motors or machines and increasing the shelf life of these materials. End-users widely adopt these cleaning products due to new technologies in the industry cleaning services market. The cheap labor and easily accessible raw materials are shifting automotive manufacturers such as Chevrolet, Audi, Volvo, and others to establish their plants in the APAC region, driving the market for industrial degreasers.

SNIPPETS

  • In 2020, the liquid-based solvent is expected to dominate the industry owing to its easy availability and low price. 
  • North America occupies the largest industrial degreaser market share.
  • The degreaser market in Europe is largely driven by the demand from key end-user industries in Germany, UK, and France. 
  • The automotive industry is the largest end-user segment, accounting for one-third contribution to the global industry.

INDUSTRIAL DEGREASER INDUSTRY TRENDS AND DRIVERS

  • The rising vehicle sales in the automotive industry will enhance the number of cycles of servicing of vehicles, driving the growth of industrial degreaser.
  • The major trends driving the industry for industrial degreaser are continuous development and demand for higher performance to extend the life of material and reduce the maintenance cost.
  • The growing trends for lighter-weight components with extended lifecycle are expected to adopt degreaser products across the globe.
  • The rising adoption of eco-friendly products is driving the demand for green industrial degreaser products in the professional cleaning industry.

INDUSTRIAL DEGREASER MARKET SEGMENTATION

This research report includes a detailed segmentation by

  • Type
  • Grade
  • Application
  • Geography

SEGMENTATION ANALYSIS

  • The water-based segment will witness incremental growth of around USD 4 billion by 2026. In North America and Europe, the limitation of VOCs content products is increasing the development of water-based cleaning solvents products in the region. The global water-based market is growing at a faster rate during the forecast period. The water-based solutions are safer and more environment-friendly choices, thereby fueling the growth of the industrial cleaning services market. 
  • The global liquid-based industrial degreaser market is expected to dominate the market by 2026. The liquid-based degreaser is the largest market worldwide. The liquid-based solutions are safe and can be handled easily. The demand for liquid-based products will be high in the forecast period. 
  • The US is the world’s largest market for degreaser, and it is driven by a high degree of automation. The US shares a significant contribution to the North American industrial degreaser market. The rising of the pharmaceutical industry across the country is driving the growth of the industry. The increasing government regulations in North America support increased demand for degreasers and other cleaning products. 

VENDOR LANDSCAPE

BASF, Dow Chemical, Evonik Industries, 3M are the major vendors in the global industrial degreaser industry. The rapid change in market dynamics regarding product innovation and advancement is acting as a catalyst to intensify the competition among existing players in the industry. Vendors are expected to develop new technologies and remain abreast with upcoming innovations to have a competitive advantage over other vendors. Sustainability is the critical strategic approach in giving a competitive edge.

The industrial degreaser market research report will include in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Type

  • Water-Based
  • Solvent-Based

Segmentation by Grade

  • Liquid-Based
  • Petroleum Based
  • Bio-Based
  • Others

Segmentation by Application

  • Automotive
  • Manufacturing
  • Pharmaceutical
  • Aviation
  • Others

Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • APAC
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Frequently Asked Questions

Industrial degreaser market size to reach revenue of USD 24,373.86 million by 2026.
Water-based and solvent-based are the different types of degreasers.
Growing industrialization in the emerging economy, rising automotive production and sale, increasing demand for eco-friendly products, and supporting government regulations are the latest market opportunities and trends for the industrial degreasers.
Automotive, manufacturing, pharmaceutical, aviation, and others are the various applications/sectors where Industrial Degreaser is used.
BASF, DOW Chemical Company, Evonik Industries, 3M, and Valvoline Inc are the top key players in the industry.
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