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The global metal cleaning equipment market size is projected to reach USD 1,888.7 million by 2028 on account of the growing adoption of adaptive cleaning solutions by manufacturers, finds Fortune Business Insights™ in its report, titled “Metal Cleaning Equipment Market Size, Share & COVID-19 Impact Analysis, By Chemical Type (Solvent & Aqueous), By Operation Mode (Fully-Automatic, Semi-Automatic, & Manual), By Application (Automotive & Aerospace, General Manufacturing & Others) and Regional Forecast, 2021-2028”. According to the report, the value of the market was estimated to be USD 1,446.5 million in 2020 and is expected to touch USD 1,494.2 million in 2021. Further, the market is anticipated to register a CAGR of 3.4% from 2021 to 2028.
However, the onset of the COVID-19 pandemic around the world has been unfavorable for the metal cleaning equipment market growth. This has mainly occurred due to widespread supply chain disruptions in the manufacturing sector and limited access to good quality raw materials for producers amid the pandemic. As a result, the market grew at only 2.2% in 2020.
Cemastir Partially Integrates Milan-based Dollmar’s Business
In April 2020, Cemastir, a leader in industrial degreasing solutions, announced that it has integrated a division of the Dollmar Group, a company based in Milan. Consisting of Dollmar’s flagship FINEP brand, the integrated branch of the company will radically enhance Cemastir’s competencies in water and detergent degreasing machines and foster its capacities in painting facilities. Moreover, the takeover will provide Cemastir unbounded access to Dollmar’s robust and vibrant sales network for distributing solvent machines across Italy. With this acquisition, Cemastir aims at further consolidating its position as a leading metal cleaning equipment and solution manufacturer and supplier in Italy and in Europe.
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https://www.fortunebusinessinsights.com/metal-cleaning-equipment-market-101980
Increasing Preference for Water-based Metal Cleaners to Animate the Market
Metal cleaners based on traditional solvents such as chlorinated hydrocarbons, which were highly effective in removing organic pollutants, proved to be detrimental to human health and the environment. Replacing them are water-based industrial degreasers that offer a host of advantages for manufacturers, as well as workers handling them. For example, water-based cleaners generate minimal waste and the waste that needs to be disposed of is bereft of any harmful chemicals, thereby making it safe for discharge into the environment. In addition, the need for deploying expensive waste filtration systems, especially when employing chemical solvents, is eliminated. Furthermore, these cleaners can be formulated into detergents and surfactants that have emulsifying and wetting properties, allowing the dissolution of soils, which otherwise would not have been possible. Therefore, the addition of water in metal cleaning equipment can significantly enhance the performance of such solutions.
Rising Investments in Innovation by Key Players to Stoke Competition
Key metal cleaning equipment makers are investing strategically to elevate their innovation capabilities and expand their reach to a wider set of audience in the market. With an eye on gaining an unassailable lead in the market, top players are keenly focused on engineering novel offerings for the manufacturing sector and establishing a dominant presence. Further, these companies are also intent on capturing the burgeoning manufacturing sector in developing economies of Asia, Africa, and South America.
Industry Development
List of Key Players Profiled in this Market Report
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2017-2028 |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (USD Million) |
Segmentation | Chemical Type, Operation Mode, Application, Region |
By Chemical Type |
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By Operation Mode |
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By Application |
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By Region |
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