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  • 27 May 2019 21:51

Metal Cleaning Equipment Market Valuation USD 1.7 bn by 2026

Metal Cleaning Equipment Market size poised to reach the market value around USD 1.7 billion by 2026 with CAGR of 3.6 % over the forecast time frame 2019-2026.

The global market dynamics of metal cleaning machinery are mainly related to the increased focus on equipment efficiency and the increased need to customize the cleaning machinery due to the diversification of production activities. The aqueous metal cleaning segment, with a value of approximately US$ 500 million, is expected to reach a peaking share of CAGR 4.0% annually in the chemical segment in 2026. The main challenges to curb the growth of the market, however, are stricter implementation of environmental regulations and safety regulations. However, due to the growing manufacturing sector in the Asia-Pacific region, the market is anticipated to expand.

In 2018, the solvent metal cleaning market value segment in the global market for metal cleaning equipment represented some USD 890 million, based on the chemical type. Metal-cleaning solvent equipment for decontaminating various components and parts is mainly used in the metal-cleaning industry. The washing type represented a relatively smaller market share for both value and volume in the vapor phase metal cleaning equipment segment, because the adoption is less than the pick / immersion type. It is anticipated to exceed US$ 500 min at a CAGR of about 4% by 2026 in the steam phase metal clearing segment. In terms of technology, the multi-stage open tank segment is expected to reach around 4% of CAGR by 2026 in excess of US$580 million. The segment with open tank multistage is considered during the forecast period to be the fastest growing segment. This is thanks to the benefit that multi-stage equipment, including washing and drying on one device, offers all the phases that involve the cleaning process. This results in saving costs and simplifying processes.

The increased awareness and stringent implementation of environmental and occupational safety regulations are one of the main challenges that affect the growth of the metal cleaning equipment market. Chemicals used for solvent cleaning have been shown to be exposed to adverse consequences for reproductive, neurological, skin and respiratory systems. This exposure comes from the steams and cleaning solutions with which the worker comes into contact during a process of metal cleaning.

Regional Stance

The market for metal cleaning equipment from Asia Pacific is forecast to see the highest increase in value (Mn USD) and volume (Units) both during the forecast period. In the Asia Pacific area, the market experienced significant growth as metal cleaning machinery in Japan, China and India became increasingly manufactured. The highest region in terms of share was North America in 2018 in metal cleaning equipment market, worth more than 350 million dollars. The dynamics of the market in global cleaning equipment are primarily driven by the growing focus on equipment efficiency and the increasing need to customize equipment due to the diversification of production activities. Increased industrialization and the consequent increased demand for cleaning and maintenance equipment are a key feature of North America and Europe on the market in metal cleaning equipment. In recent years, equipment maintenance has become more and more focused on reducing losses of productivity due to inefficiency. Metal cleaning equipment is a key component of any industry's repair and maintenance activities. In addition, the type of equipment used to make change in tandem as the production activity diversifies to satisfy changing customer requirements.

Key Players & Strategies

SBS Ecoclean Group, Cemastir Lavametalli srl, Höckh Metall-Reinigungsanlagen GmbH, Rippert Anlagentechnik GmbH, Karl Roll GmbH & Co. KG, Röschler, Metalwash Limited, and Metalas Cleaning Systems. KG, Obergründechnik GmbH, and Pero Corporation are some of the key players on the global market in metal purification equipment.

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