Industrial Degreasing Solvent Market size was valued at USD 2.5 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 3.9 Billion by 2033.
In 2024, the global industrial degreasing solvent market was valued at approximately $2.8 billion, with projections indicating a growth to around $4.4 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. Regionally, North America accounted for a significant portion of the market, driven by its advanced industrial sector and stringent regulatory environment. Europe also held a substantial share, characterized by its mature industrial base and strong focus on environmental sustainability. The Asia Pacific region, however, is poised for substantial growth, with a projected CAGR of 6.2% from 2024 to 2032, fueled by rapid industrialization in countries like China and India.
The markets growth is further bolstered by the development and adoption of eco friendly and sustainable products. As environmental regulations become stricter and awareness about sustainability grows, there is a substantial market for bio based and less toxic degreasing solutions. Companies investing in research and development to create innovative, environmentally friendly degreasers are likely to see increased demand and a competitive edge in the market. Additionally, the expansion into emerging markets, particularly in the Asia Pacific and Latin America regions, presents significant opportunities due to rapid industrialization and a burgeoning demand for industrial maintenance solutions.
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BASF SE
RB Products
Inc.
Royal Dutch Shell Plc
Wego Chemical Group
Jayne Products
Keteca Water Works
CRC Industries
Inc.
Columbus Chemical Industries
LyondellBasell Industries N.V.
Dow Inc.
Honeywell International Inc.
Arkema
Eastman Chemical Company
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Degreasing Solvent Market
Aqueous Degreasing Solvents
Solvent-based Degreasing Solvents
Bio-based Degreasing Solvents
Automotive
Manufacturing
Aerospace
Electronics
Marine
Oil & Gas
Hydrocarbon Solvents
Chlorinated Solvents
Alcohol-based Solvents
Esters
Concentrated Formulations
Ready-to-Use Formulations
Custom Formulations
Industrial Cleaning Services
Electrical & Electronics
Construction
Food & Beverage
Pharmaceuticals
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Degreasing Solvent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Degreasing Solvent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Degreasing Solvent Market, By Type
6. Global Industrial Degreasing Solvent Market, By Application
7. Global Industrial Degreasing Solvent Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Degreasing Solvent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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