IMARC Group, a leading market research company, has recently releases report titled “Industrial Degreaser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global industrial degreaser market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Industrial Degreaser?
An industrial degreaser is a specialized cleaning agent designed to remove grease, oil, dirt, and other contaminants from surfaces and machinery in industrial settings. It is formulated to tackle tough grease and grime commonly found in manufacturing facilities, automotive workshops, construction sites, and other industrial environments. Industrial degreasers are available in various forms, including liquid, aerosol, or powder, and they are applied through spraying, brushing, or soaking methods. These powerful cleaning solutions help maintain cleanliness, improve efficiency, and ensure the smooth operation of equipment and machinery in industrial settings.
How Big Is the Industrial Degreaser Market?
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.
Global Industrial Degreaser Market Trends and Drivers:
Presently, the increasing usage of industrial degreasers for cleaning machinery, tools, and equipment in manufacturing and production facilities to remove accumulated grease and grime from surfaces represents one of the major factors bolstering the market growth around the world. Moreover, there is a rise in the adoption of industrial degreasers in the automotive industry for cleaning engine components, vehicle parts, and machinery. This, coupled with the rising demand for industrial degreasers to remove oil, grease, and road grime, which ensures efficient operation and prevents the build-up of contaminants that could affect the performance and safety of vehicles, is propelling the market growth. In addition, the growing awareness about the benefits of maintaining the health of vehicles is influencing the market positively. Besides this, the advent of eco-friendly, bio-based degreasers with zero to low volatile organic compounds (VOCs) is favoring the growth of the market.
Who Are The Key Players/Companies In The Industrial Degreaser Market?
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
Report Segmentation:
The report has been segmented the market into following categories:
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
Key highlights of the Report:
- Market Performance (2018–2023)
- Market Outlook (2023–2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
