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Industrial Degreaser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 143 pages | ID: I95497F6FAD4EN
IMARC Group

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Market Overview:

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.

Industrial degreaser refers to water- or solvent-based cleaning chemicals that are formulated to remove various water-insoluble substances, including lubricants, corrosion dust, and heavy oils from hard surfaces and metals. It is commercially manufactured by combining several ingredients, such as saponifies, emulsifiers, alkalizes, inhibitors, chelating, and sequestering agents, in varying degrees. It can be further composed through the do-it-yourself (DIY) technique, wherein diverse natural ingredients, including baking soda, lemon, vinegar, liquid soap, and essential oils, are blended to develop the product. Industrial degreaser helps remove contaminants and unwanted materials from different machine parts, protect them against damage to ensure their quality, and provide a unique cleaning experience. Apart from this, industrial degreasers are anti-corrosive, inexpensive, have high dielectric strength, and comprise better rusting properties. As a result, they are used on concrete and metal surfaces, non-aluminum equipment, motors, appliances, and floors for cleaning purposes.

Industrial Degreaser Market Trends:

Rapid industrialization and the increasing need for effective solvent-based liquid cleaning agents have facilitated the widespread adoption of industrial degreasers across various sectors, which, in turn, is primarily driving the market growth. They offer a safe working environment and reduce labor costs by removing dirt, grease, and oil from industrial or farm equipment, metals, and lawn mowers. Additionally, the enforcement of the current good manufacturing practice (CGMP) acts by governments to ensure optimal workplace sanitation in diverse manufacturing industries is further supplementing the product demand across the globe. Moreover, the escalating consumer awareness regarding the detrimental effects of chemical cleaners has prompted manufacturers to compose eco-friendly, bio-based degreasers with zero to low volatile organic compounds (VOCs), which is propelling the market growth. Furthermore, the extensive utilization of industrial degreasers in the automotive sector to remove unwanted grim substances from various vehicle parts is favoring the market growth. Apart from this, significant product innovations by key players and their easy availability in diverse forms are positively augmenting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial degreaser market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, grade and application.

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

1. How big is the global industrial degreaser market?

2. What is the expected growth rate of the global industrial degreaser market during 2023-2028?

3. What are the key factors driving the global industrial degreaser market?

4. What has been the impact of COVID-19 on the global industrial degreaser market?

5. What is the breakup of the global industrial degreaser market based on the grade?

6. What is the breakup of the global industrial degreaser market based on the application?

7. What are the key regions in the global industrial degreaser market?

8. Who are the key players/companies in the global industrial degreaser market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL INDUSTRIAL DEGREASER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Water-Based
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Solvent-Based
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY GRADE

7.1 Liquid-Based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Petroleum Based
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Bio-Based
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Automotive
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Manufacturing
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Pharmaceutical
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Aviation
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 3M Company
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Abro Industries Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 BG Products Inc.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Callington Haven Pty Ltd.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Carroll Company (FGL Group)
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Claire-Sprayway Inc. (Plaze Inc.)
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Dow Inc.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 Nyco Products Company
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Oil Technics Ltd
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Stepan Company
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Superior Industries Inc.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12 Valvoline Inc.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Industrial Degreaser Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Industrial Degreaser Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Industrial Degreaser Market Forecast: Breakup by Grade (in Million US$), 2023-2028
Table 4: Global: Industrial Degreaser Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Industrial Degreaser Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Industrial Degreaser Market: Competitive Structure
Table 7: Global: Industrial Degreaser Market: Key Players

LIST OF FIGURES

Figure 1: Global: Industrial Degreaser Market: Major Drivers and Challenges
Figure 2: Global: Industrial Degreaser Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Industrial Degreaser Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Industrial Degreaser Market: Breakup by Type (in %), 2022
Figure 5: Global: Industrial Degreaser Market: Breakup by Grade (in %), 2022
Figure 6: Global: Industrial Degreaser Market: Breakup by Application (in %), 2022
Figure 7: Global: Industrial Degreaser Market: Breakup by Region (in %), 2022
Figure 8: Global: Industrial Degreaser (Water-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Industrial Degreaser (Water-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Industrial Degreaser (Solvent-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Industrial Degreaser (Solvent-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Industrial Degreaser (Liquid-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Industrial Degreaser (Liquid-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Industrial Degreaser (Petroleum Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Industrial Degreaser (Petroleum Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Industrial Degreaser (Bio-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Industrial Degreaser (Bio-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Industrial Degreaser (Other Grades) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Industrial Degreaser (Other Grades) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Industrial Degreaser (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Industrial Degreaser (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Industrial Degreaser (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Industrial Degreaser (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Industrial Degreaser (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Industrial Degreaser (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Industrial Degreaser (Aviation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Industrial Degreaser (Aviation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Industrial Degreaser (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Industrial Degreaser (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Industrial Degreaser Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Industrial Degreaser Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Industrial Degreaser Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Industrial Degreaser Industry: SWOT Analysis
Figure 80: Global: Industrial Degreaser Industry: Value Chain Analysis
Figure 81: Global: Industrial Degreaser Industry: Porter's Five Forces Analysis


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