IMARC Group’s report titled “Industrial Degreaser Market Report by Type (Water-Based, Solvent-Based), Grade (Liquid-Based, Petroleum Based, Bio-Based, and Others), Application (Automotive, Manufacturing, Pharmaceutical, Aviation, and Others), and Region 2024-2032“. The global industrial degreaser market size reached US$ 21.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.31% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/industrial-degreaser-market/requestsample
Factors Affecting the Growth of the Industrial Degreaser Industry:
- Advancements in Manufacturing and Maintenance Practices:
The improvement of manufacturing and maintenance practices in various industries, such as automotive, aerospace, and general manufacturing is bolstering the market growth. The need for effective cleaning and maintenance solutions, including degreasers, is becoming more pronounced with the increasing complexity of machinery and components. High-performance degreasers are essential for ensuring the longevity and efficiency of equipment, as they help in removing tough greases, oils, and contaminants that can cause machinery wear and tear. In addition, the growing focus on preventive maintenance to avoid costly downtimes and equipment failures is positively influencing the market.
- Stringent Environmental Regulations:
The increasing implementation of stringent environmental regulations across various countries is impelling the market growth. Governments and international bodies are focusing on reducing the environmental impact of industrial activities, leading to stricter controls over the emission of volatile organic compounds (VOCs) and the use of toxic substances. This shift is prompting companies to adopt eco-friendly and sustainable cleaning solutions, thereby driving the demand for green and bio-based degreasers. These regulations are not only encouraging the development of safer, more eco-friendly degreasing agents but also promoting practices that minimize the ecological footprint of industrial operations.
- Technological Innovations in Degreasing Solutions:
The advancements in degreasing solutions to enhance their functionalities are contributing to the market growth. Innovations are also focused on reducing environmental impact and meeting specific industrial needs. Furthermore, developments in microemulsion and bio-based technologies offer powerful cleaning performance while being eco-friendly. Ultrasonic degreasers, which use high-frequency sound waves for cleaning, are gaining popularity for their efficiency in removing contaminants from intricate parts. Additionally, the integration of automation in degreasing systems is improving precision and reducing labor costs in industries. These technological advancements not only cater to the evolving requirements of various industries but also align with sustainability trends.
Leading Companies Operating in the Global Industrial Degreaser Industry:
- 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.
- Valvoline Inc
Industrial Degreaser Market Report Segmentation:
Based on the type, the market has been bifurcated into water-based and solvent-based.
- Petroleum Based
Liquid-based exhibits a clear dominance in the market due to its ease of application, effective cleaning properties, and versatility across various industrial machinery and surfaces.
Automotive holds the biggest market share owing to the growing demand for maintaining and cleaning automotive parts and machinery, which often accumulate grease and contaminants.
- 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
North America dominates the market, driven by its large industrial base, stringent regulatory standards for cleanliness in manufacturing, and the presence of major market players in the region.
Global Industrial Degreaser Market Trends:
The advent of industry 4.0 is resulting in the integration of automated systems and robotics in industrial maintenance. This automation requires specialized degreasers compatible with automated systems and capable of delivering consistent, high-quality cleaning without manual intervention. These degreasers are formulated to work effectively in automated cleaning systems, ensuring precise application and reducing waste.
Besides this, the growing demand for customized and specialized degreasing solutions is offering a favorable market outlook. Manufacturers of industrial degreasers are offering bespoke formulations designed for unique industrial applications, such as aerospace components, electronic circuit boards, or food processing equipment. This shift towards customization allows industries to achieve optimal cleaning results while ensuring the integrity and longevity of their equipment and products.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
134 N 4th St. Brooklyn, NY 11249, USA
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163