Water-Based Degreaser Market Trends

  • Report ID: 6180
  • Published Date: Jun 13, 2024
  • Report Format: PDF, PPT

Water-Based Degreaser Market Trends

Growth Drivers

  • Stringent government regulations - The water-based degreaser market is driven by strict laws controlling chemical use and industrial emissions. The necessity to comply with environmental rules is expected to drive the sales of water-based degreasers. This driver emphasizes how important regulatory frameworks are in influencing market dynamics and encouraging the use of eco-friendly cleaning products. For instance, the Toxic Substances Control Act (TSCA), which was amended in 2016 is the main law governing chemical management in the United States. Therefore, this factor is expected to drive the market growth.
     
  • Growing environmental concerns among manufacturers - Water Based Degreasers are a type of cleaning solution that is made up of water, and natural and biodegradable ingredients such as surfactants, bio-solvents, or enzymes. Water-based Degreasers are much safer and less dangerous than solvent Degreasers, which contain hazardous chemicals that could be a significant threat to the environment.

    It is because they are more easily biodegradable, which means that the microorganisms in the environment can break down them spontaneously and do not cause any lasting damage. A crucial factor to consider for companies that wish to reduce their environmental impact is the biodegradability of water-based degreasers.
     
  • Rapid shift towards industrialization among emerging economies - Building factories has become essential as industrialization has accelerated in underdeveloped countries. Emerging economies have seen an increase in the building of factories for various industries, including paints, marine products, vehicles, ships, and aircraft.

    As a result, there is a growing need for efficient and environmentally safe cleaning products like water-based degreasers. The need for these cleaning solutions has skyrocketed in tandem with the growth of manufacturing. Because they are less harmful to the environment, emit fewer volatile organic compounds, and are non-toxic, water-based degreasers are recommended over traditional ones.

Challenges

  • Environmental concerns and meeting the intensive cleaning requirements - There are examples of evidence where the need for thorough cleaning is at odds with the environmentally beneficial properties of degreasers based on water. These difficulties made it difficult for water-based treatments to be widely used in demanding environments like manufacturing facilities with strict cleaning specifications.

    This moderation highlights the industry's continued attempts to find a middle ground between environmental friendliness and satisfying the high cleaning requirements of specific applications. Stakeholders must tackle these obstacles to guarantee the sustained implementation of water-based degreasers in various industrial environments as the industry develops.
     
  • Lack of adoption of water-based degreasers in heavy settings - Heavy-duty application issues are a significant restriction in the water-based degreaser market. Evidence includes cases in which the need for thorough cleaning clashes with the environmentally favorable properties of water-based degreasers.

    These issues are expected to hamper the widespread adoption of water-based solutions in heavy-duty settings, such as manufacturing plants with stringent cleaning needs. This constraint highlights the industry's continual efforts to strike a compromise between environmental friendliness and achieving the rigorous cleaning requirements of certain applications.

Water-based Degreaser Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 6180
  • Published Date: Jun 13, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of water-based degreaser was over USD 20 billion.

The market size for water-based degreaser is projected to cross USD 33 billion by the end of 2036 expanding at a CAGR of 6% during the forecast period i.e., between 2024-2036.

The major players in the market are Cortec Corporation, Sprayon, 3M, CRC Industries, Zep Inc., Carroll Company, Nyco Products Company, BG Products Inc., ABRO Industries Inc., DuPont de Nemours, Inc., and others.

The medium duty segment is anticipated to garner a share of 50% during 2024-2036.

The North America water-based degreaser sector is poised to hold 34% share by the end of 2036.
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