Metal Degreaser are anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights the metal degreaser market is expected to witness huge growth in the forecast period. Metal degreasers are widely used to clean grease and oil from the metal surfaces. The cleaning of metal surfaces helps to prevent damage and improve the performance of the machineries in the industries. Hence, metal degreasers serve a huge purpose in increasing the durability of the metal machine. The rising demand for metal degreasing in various industries, the growing industrialization across various regions are expected to be some primary market drivers.

Top Driver: Robust Demand for Heavy Machinery And Equipment To Propel the Market Growth

Metal Degreaser is anticipated to boost in the coming years, owing to the increase in the demand for heavy machinery and the equipment required for the production of the desired material. Furthermore, the market is observed to be augmented in the industry vertical such as automotive, aerospace and manufacturing and is hence expected to show significant growth in the near future. This owes to the need of the heavy machineries to get appropriate maintenance and servicing at regular intervals propelling the market growth in the forecast period.

The Automobile Segment Occupied the largest Market Share

On the basis of end use the market is segmented into, Automobile, Electronics, Aircraft, Consumer Goods, Others. The automobile segment accounted for the largest market share owing to the rising need for automobile cleaning and maintenance. The growing demand to make the automobiles durable is expected to fuel the segment in the forecast period. on the basis of type, the market is segmented into solvents, alkaline type, acidic type and others. The solvents segment is expected to witness huge growth in the forecast period.

Increase in the Initiatives Taken By the Government to Benefit Asia Pacific Market

The Asia Pacific is expected to grow at a significant pace in the coming years, owing to an upsurge in investments in the manufacturing sector prominently in developed and developing economies such as South Korea, Japan, India, and also China. The growth in the awareness and favorable initiatives by the government such as introduction of various programs are anticipated to help the industry grow lucratively. Furthermore, there is increase in the investments over the metal degreaser and hence is anticipated to fuel the industrial growth in the region.

Players to Focus on Metal Degreasers Market

The global Metal Degreaser market is expected to stay fragmented with the increase in the number of new entrants in the coming years. The key players include Zep, Inc., WD-40 COMPANY, KYZEN CORPORATION, Envirofluid, Avudai, Crest Chemicals, Nyco Products Company, CYNDAN Chemicals, Mil-Comm Products Company, and AMSOIL INC.

Zep Inc.: In June 2015, Zep Inc. and an affiliate of New Mountain Capital, L.L.C. announced that they have closed their previously announced acquisition of Zep in a transaction valued at approximately $692 million. The execution of a definitive merger agreement outlining the terms of the transaction was initially announced on April 8, 2015.

WD-40 Company: In September 2014, WD-40 Company announced that it has completed the acquisition of the business and assets of GT85 Limited, a company located in the United Kingdom which markets and sells the GT85 and SG85 brands of multi-purpose maintenance products.

Scope of the Report

By Type

• Solvents
• Alkaline Type
• Acidic Type
• Others

By End-User

• Automobile
• Electronics
• Aircraft
• Consumer Goods
• Others

By Region

North America

• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.