Water-based Degreaser Market size was valued at USD 20 Billion in 2023 and is likely to cross USD 33 Billion by the end of 2036, registering more than 6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of water-based degreaser is evaluated at USD 21.2 Billion.
The market is rising at a significant rate as environmental sustainability becomes more and more important. Increased sales were a result of the use of water-based degreasers, which are preferred since they have less of an adverse effect on the environment than their solvent-based counterparts.
For instance, to assist buyers in identifying greener cleaning products, the EPA oversees the Safer Choice program, which certifies products that include safer components for human health and the environment. In addition to the Safer Choice label, the EPA provides the Design for the Environment (DfE) designation for antimicrobial goods including disinfectants and sanitizers.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
6% |
Base Year Market Size (2023) |
USD 20 Billion |
Forecast Year Market Size (2036) |
USD 33 Billion |
Regional Scope |
|
Type (Light Duty, Medium Duty, Heavy Duty)
Medium duty segment is expected to hold more than 50% water-based degreaser market share by 2036. The segment growth can be attributed to the growing adoption of medium-duty water-based degreasers in various industrial cleaning requirements. The medium duty class not only proved to be the most popular but also demonstrated the highest growth rate.
This indicates that businesses are increasingly looking for cleaning solutions that are effective yet safe for the environment, and water-based degreasers are emerging as a top choice. The success of this market segment underscores how water-based degreasers can be tailored to suit various duty levels and can help organizations achieve their sustainability goals while maintaining high standards of cleanliness.
Application (Concrete Surface, Metal Surface, Non-Aluminium Equipment, Motors)
In water-based degreaser market, metal surface segment is anticipated to reach USD 26 Billion by 2036. The segment growth can be credited to the growing adoption of metal surfaces to meet metal degreasing requirements. Because it must maintain clean metallic surfaces, the steel industry is the one that uses the most metal-cleaning chemicals. This problem can be solved using industrial metal cleaners, which not only clean equipment without requiring disassembly and reassembly but also stop corrosion after cleaning.
The manufacturing sector's growing need for industrial cleaning and maintenance is fueling the market's expansion. In addition, the growing construction industry especially in developing nations offers a substantial market for metal surface cleaning solutions because of how much metal buildings and machinery are used in these projects.
Our in-depth analysis of the global market includes the following segments:
Type |
|
Application |
|
Application Method |
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End-use |
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North America Market Statistics
North America in water-based degreaser market is anticipated to account for around 34% revenue share by 2036. The market growth in the region is also expected on account of the growing demand in the end-use industries including manufacturing, agriculture, and food & beverages. Consequently, laws in this region encourage the development of water-based degreasers and other cleaning supplies. According to the American Lung Association, the United States Environmental Protection Agency maintains a list of items that satisfy its Safer Choice standards for cleaning and other purposes.
As consumers in the United States become more conscious of the possible health risks associated with traditional cleaning chemical exposure, they are selecting safer substitutes. According to the Environmental Working Group, studies reveal that individuals employed in the cleaning sector are 50% percent more likely to experience asthma attacks and 43% percent more likely to acquire chronic obstructive pulmonary disease.
Lung cancer risk is considerably higher for women employed in this sector. People's worries for their safety and well-being are the reason for this. Because green cleaning solutions often contain natural ingredients that are less harmful to human health, they are likely to be of interest to those who place a high value on their family's health and happiness.
Businesses from a variety of industries in Canada are adopting sustainable goals and incorporating eco-friendly practices into their daily operations. Consequently, this has led to a cascading effect across supply chains, as companies prioritize eco-friendly cleaning solutions to better match their sustainability objectives. For instance, in September 2023, Bunzl Canada announced the debut of REGARDTM, a new line of environmentally friendly cleaning products.
APAC Market Analysis
APAC water-based degreaser market is expected to witness growth rate of around 13.4% from 2024 to 2036, and will hold the second position owing to the growing online sales of water-based degreasers in the region. Customers now choose to shop online for a variety of products, including house cleaners, as a result of the widespread use of smartphones and the increase in internet usage.
China will be one of Asia's most promising markets because of rising levels of disposable money, which drive consumers to forgo traditional cleaning techniques in favor of more modern ones, including new technology and innovation. According to figures released by the National Bureau of Statistics, China's per capita disposable income in the first quarter of 2024 was roughly USD 1,624.57. This represents a nominal increase of 6.2 percent year over year.
The number of households in South Korea has increased as a result of factors like urbanization and modifications to family patterns. There is an increasing need for cleaning supplies for the home, especially bathrooms, as the number of homes rises. Furthermore, single-person families have significantly increased in South Korea, particularly among young individuals and the elderly. Therefore, these factors are expected to increase the demand in water-based degreaser in South Korea.
Water-based degreaser market’s key players are increasingly focusing on product innovation and development to fulfill changing consumer demands and preferences. Expansion into emerging areas, as well as strategic alliances and collaborations, are important market growth tactics.
Author Credits: Rajrani Baghel
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