Data Bridge Market Research analyses that the degreasers market will witness a CAGR of 6.5% for the forecast period of 2022-2029 and is likely to reach at USD 6,000 million by the end of the forecast period of 2022-2029.
Degreasers are cleaning agents that are commonly used to remove dirt, wax, tar, oil, grease, paints, abrasive dust, corrosive products, and other water-insoluble substances. The degreasers protect machines from corrosion, contamination, and damage, as well as extend machine life by removing stains from surfaces. Hydrocarbon solvents such as gasoline, kerosene, xylene, and white spirit are used to make more efficient degreasers.
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The rapidly growing demand for gasoline direct injection (GDI) engines has had a significant impact on the growth of the cleaner and degreaser market. In line with this, the various benefits provided by degreasers, such as improved engine performance, increased fuel efficiency, and reduced vehicle emissions, are acting as key determinants favouring the growth of the cleaner and degreaser market from 2022 to 2029.
The growing vehicle park, as well as the rapid increase in average vehicle miles travelled and the government's strict regulations against vehicle pollution emissions, are also positively impacting the growth of the degreaser market. The high demand for commercial vehicles, combined with growing customer awareness of degreaser products, is the primary driver of market growth. Industrialization, expansion of power utility units, and increased automobile production and sales are some of the factors that will drive growth of degreasers market.
Competitive Landscape and Degreasers Market Share Analysis
The degreasers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to degreasers market.
Some of the major players operating in the degreasers market report are The Carroll Companies, Nyco Products Company, Elevance Renewable Sciences, Inc., Baron Blakeslee, Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., Dun Bradstreet, Inc. 3M, BASF SE, DuPont, Bayer AG, Dow, Radiator Specialty Company, Cox Industries Inc., CRC INDUSTRIES., ABC Polymer Industries, LLC, GLOBAL-PAK, INC. and Asia Bulk Sacks Pvt. Ltd. among others.
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Global Degreasers Market Scope and Market Size
The degreasers market is segmented on the basis of the type, origin, application covered and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of the type, the degreasers market is segmented into water-based, solvent-based, environmentally compatible degreasers, ammonia-based degreasers, liquid degreasers, foam degreasers, powder degreasers and petroleum-based degreasers
- On the basis of the origin, the degreasers market is segmented into synthetic degreasers and bio-based degreasers.
- On the basis of application covered, the degreasers market is segmented into farm, gardening, orchard, landscaping and others
- On the basis of the end user industry, the degreasers market is segmented into automotive and aviation, chemical and pharmaceutical, energy and power, paint and printing and others
Degreasers Market Country Level Analysis
The degreasers market is analysed and market size, volume information is provided by country, type, origin, application covered and end use industry as referenced above.
The countries covered in the degreasers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the degreasers market and will continue to flourish its dominance during the forecast period due to a rise in the demand for hygienic and sanitized workplaces in the region's various manufacturing industries. In the United States and Canada, plant sanitation and current good manufacturing practice (CGMP) regulations are driving the use of industrial degreasers. Asia-Pacific will continue to project the highest growth rate for this period because of the growth in manufacturing industries as well as government intervention in research and development of manufacturing industries.
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