The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The aqueous-based metal cleaners market has experienced robust growth in recent years, marking a significant stride from $11.44 billion in 2023 to a projected $12.28 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 7.3%. This growth surge in the historic period can be attributed to escalating safety and health concerns, strategic supply chain considerations, increasing waste disposal costs, and the expanding global population.

Future Prospects: A Continuation of Strength
The aqueous-based metal cleaners market is poised for continued strength in the coming years, anticipating a growth to $15.75 billion by 2028, with a CAGR of 6.4%. The upcoming surge can be linked to the escalating adoption of automation and Industry 4.0, an upswing in customized solutions, a rising demand within the cleaning industry, and an increased awareness of the importance of effective metal cleaning. Notable trends in the forecast period include continuous innovation, technological advancements, performance improvements, and significant product developments.

Automotive and Manufacturing Driving Market Momentum
The dynamic growth of the automotive and manufacturing sectors is expected to be a key catalyst for the aqueous-based metal cleaner market. Aqueous-based metal cleaners play a crucial role in ensuring optimal performance and longevity of manufactured products in these industries. The automotive sector alone, as per a report by the European Automobile Manufacturers Association (ACEA), generated an annual net profit of $82.6 billion for the European Union in 2021, showcasing a 4.6% increase from the previous year. Additionally, a report by the United Nations Industrial Development Organization (UNIDO) noted a 3.6% increase in global manufacturing production in the third quarter of 2022. The booming automotive and manufacturing industries are set to drive the demand for aqueous-based metal cleaners.

Key Players Steering the Market
Major players contributing significantly to the aqueous-based metal cleaner market include BASF SE, Aervoe Industries Inc., Dow Inc., Henkel AG & Co. KGaA, and others. These industry leaders play a pivotal role in driving innovation and shaping the market landscape.

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Innovation Paving the Way
Advanced Cleaning Solutions
Leading companies in the aqueous-based metal cleaner market are pushing the boundaries of innovation by introducing advanced cleaning solutions. Innovations like Solvay SA’s Reactsurf 2490, a new APE-free polymerizable water-soluble surfactant, promise improved cleaning performance. Such products are designed to effectively remove grease, oil, dirt, and other contaminants while adhering to stringent regulatory standards for APE-free products.

Strategic Acquisition for Sustainability
In July 2023, J.F. Lehman & Company LLC, a US-based private equity investment firm, made a significant move by acquiring Heritage-Crystal Clean Inc. for $1.2 billion. This acquisition not only expands J.F. Lehman & Company’s portfolio but also strengthens its position in sustainability efforts. Heritage-Crystal Clean Inc., a manufacturer of aqueous-based parts cleaners, aligns with the shared commitment to sustainability, reinforcing market positions and offering promising prospects for the future.

Market Segmentation: Diverse and Dynamic
The aqueous-based metal cleaners market is segmented into four key categories:
1. By Technology: Ultrasonic, Rinse, Dip, Spray
2. By Chemistry: Alkaline, Acidic, Neutral
3. By Cleaning Chemical: Builders, Sequestrants And Inhibitors, Surfactants, Other Cleaning Chemicals
4. By End-User: Manufacturing, Automotive And Aerospace, Healthcare, Other End-Users

Regional Dynamics
In 2023, Asia-Pacific emerged as the largest region in the aqueous-based metal cleaners market, underscoring the region’s pivotal role in driving market trends and adoption.

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The Aqueous-Based Metal Cleaners Global Market Report 2023 provides comprehensive insights on the aqueous-based metal cleaners market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the aqueous-based metal cleaners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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