Industrial Degreaser Market to Witness an Outstanding Growth by 2027

TMR

4 years ago

Industrial degreaser Market: An Eco-friendly Cleaning Solution

Industrial degreasers are cleaning products widely used to clean dirt, wax, tar, oil, grease, paints, abrasive dust, corrosive products, and other water insoluble substances. Industrial degreasers protect machines from corrosion, contamination, damage, and improve the shelf-life of machineries by removing stains from surfaces.
Hydrocarbon solvents, such as gasoline, kerosene, xylene, and white spirit, are utilized to prepare degreasers with higher efficiency.
Degreasers provide cleanliness and create safe working environment by removing dirt, contamination and greases. They also reduce maintained cost and manpower requirement by removing grease, oil, and dirt from tractors, machines, lawn mowers, tools, hard surfaces, farm equipment, industrial equipment, and work floors.
Rise in number of environmental regulations about biodegradable products is fueling the demand for environmentally compatible degreasers. Manufacturers based in North America and Europe are focused on the development of eco-friendly degreasers with high energy-efficiency, owing to the implementation of environmental regulations.

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Key Drivers of industrial degreaser Market

Rise in number of regulations regarding the Current Good Manufacturing Practice (CGMP) and workplace sanitation in various manufacturing industries is fueling the demand for industrial degreaser. Manufacturers across the globe are implementing Good Manufacturing Practices, owing to the implementation of environmental regulations in imposed by FDA and other regulatory bodies.
Rapid rise in industrialization, primarily in emerging economies, has augmented the demand for industrial degreasers. Increase in awareness regarding industrial cleaning and harmful effects of contamination are key factors driving the demand for industrial degreasers.
Expansion of the manufacturing industry and rise in automobile production are key factors boosting the global industrial degreasing market.

Liquid-based Industrial Degreaser to Offer Lucrative Opportunities

Based on type, the global industrial degreaser market can be divided into environmentally, compatible degreasers, ammonia-based degreasers, liquid degreasers, foam degreasers, powder degreasers, and petroleum-based degreasers.
Demand for liquid-based industrial degreaser has been increasing due to its easy applicability and low prices. Liquid based industrial degreasers contain less amount of chemical additives, are environment-friendly and less expensive than ammonia-based and petroleum based industrial degreasers.
Petroleum-based degreasers are derived from petroleum products and are more effective as compared to liquid-based and foam degreasers; however, they are hazardous in nature and cause cancer.

Bio-based Industrial Degreaser to Offer Significant Opportunities

Demand for bio-based industrial degreaser has been increasing as it replaces harmful chemicals with biodegradable ones. Bio-based industrial degreaser are eco-friendly and non-hazardous for humans. This is anticipated to offer lucrative opportunities to the market during the forecast period.
Bio-based industrial degreasers are derived from various natural ingredients such as plant extracts, amino acids, hydrogenated corn oil, organic alcohols, and agricultural materials, which are non-toxic, nonflammable, do not emit harmful gases, and provide eco-friendly degreasing by separating hydrocarbons and oil.
Demand for environment-friendly cleaning solutions has been increasing among consumers due to stringent environmental regulations such as EPA and REACG. Manufacturers of degreasers are presently emphasizing on the development of bio-based degreasers to in order to comply with the regulation. This is likely to offer significant opportunities to the global industrial degreaser market.

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Significant Opportunity in Automotive and Aviation Industries

Based on end-use industry, the global industrial degreaser market can be divided into automotive & aviation, chemical & pharmaceutical, energy & power, paint & printing and others
Expansion of automotive and aviation industries in emerging economies is a key factor driving the global industrial degreaser market
The chemical & pharmaceutical segment is estimated to hold a notable share of the global industrial degreaser market, followed by the paint & printing industry segment
Demand for industrial degreaser has been increasing in various manufacturing industries due to increasing industrial hygiene and safety regulations. This is anticipated to offer lucrative opportunities to the market during the forecast period.

North America Dominates Industrial Degreaser Market

In terms of geography, the global industrial degreaser market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America is estimated to account for prominent share of the global industrial degreaser market in the near future, owing to a rise in the demand for clean and hygienic workplace in various manufacturing industries in the region.
Plant sanitation and CGMP regulations in the U.S. and Canada are driving the usage of industrial degreasers
Expansion of the manufacturing industry in emerging economies of Asia Pacific is anticipated to drive the industrial degreaser market in the region

Key Manufacturers Operating in the Market

The global industrial degreaser market is moderately consolidated, with the top manufacturers accounting for major share.

Key manufacturers operating in the global market include:

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