Metal Cleaning Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2027
Albany, NY -- (SBWIRE) -- 05/09/2019 -- The market dynamics of the global metal cleaning equipment market are subject to factors mainly related to the growing focus on equipment efficiency and rising need for cleaning equipment customization due to diversifying manufacturing activities. In terms of chemical type, the aqueous metal cleaning segment is anticipated to gain the largest share with total value of US$ 506.8 Mn by 2027 at a CAGR of 4.0% annually. However, stricter implementation of environmental regulations and regulations governing workforce safety are the major challenges restraining the growth of the market. Nevertheless, the market is anticipated to grow due to growing manufacturing sector in the Asia Pacific region.
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In 2017, based on chemical type, the solvent metal cleaning segment accounted for market value of about US$ 894.5 Mn in the global metal cleaning equipment market. Solvent metal cleaning equipment are primarily used in the metal cleaning industry for the decontamination of various components and parts. By washing type, the vapor phase metal cleaning equipment segment accounted for a relatively smaller market share in terms of both value as well as volume, as the adoption is not as much as the pickling/immersion type.
The vapor phase metal cleaning segment is anticipated to reach US$ 503.1 Mn at a CAGR of 3.9% by 2027. In terms of technology, open tank multistage segment is anticipated to reach US$ 582.2 Mn at a CAGR of 3.9% by 2027. Open tank multistage segment is estimated to be the fastest growing segment during the forecast period. This is due to the benefits of using multistage equipment which offer all the stages involved in the cleaning process, such as washing and drying in one equipment. This leads to cost saving as well as process streamlining.
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Some of the key players profiled in the global metal cleaning equipment market are Cemastir Lavametalli srl, SBS Ecoclean Group, Höckh Metall-Reinigungsanlagen GmbH, Karl Roll GmbH & Co. KG, MecWash Systems Ltd, Metalwash Limited, Metalas Cleaning Systems, Rippert Anlagentechnik GmbH & Co. KG, Rösler Oberflächentechnik GmbH, and Pero Corporation.