Market Size of Europe Metal Cleaning Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Metal Cleaning Chemicals Market Analysis
The European metal cleaning chemicals market is projected to register a CAGR of over 4% during the forecast period.
The market was negatively impacted by COVID-19. The consumption of metal cleaning chemicals was reduced from the industrial segment due to the shutting down of production units and disruptions in the supply chain. However, the market's demand increased from the cleaning sector owing to the high importance given to disinfecting metal surfaces for controlling the spread of COVID-19 in houses, industrial complexes, institutions, and other areas. Post-pandemic, the market has been doing well due to increased demand from the industrial sector.
- Over the short term, growing concern toward industrial cleaning and maintenance, and increasing demand for metal cleaners from manufacturing industries, are some of the factors driving the market demand.
- Stringent environmental regulations may hinder the market's growth.
- The development of bio-based cleaning chemicals is likely to create opportunities for the market in the coming years.
