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Biobased Degreaser Market Share

Report ID: GMI6292
Published Date: Jul 2023
Report Format: PDF

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Biobased Degreaser Market Share

Some of the major companies operating in the biobased degreaser market are

BASF SE
Soy Technologies LLC
Henkel (China) Investment Co. Ltd.
Carroll Company
Renewable Lubricants Inc.
BIONANO
Uzay Kimaya
Ecolab
Huntsman Corporation
Global Green Tag
Ecochem
DEWALT
Cortec Corporation
Victory Polychem
Dow Chemical Company
Nugeneration Technology

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of biobased degreaser reached USD 920 million in 2022 and is set to witness significant growth at 5.2% CAGR from 2023 to 2032, led by the increasing demand for eco-friendly alternatives.

The palm oil-based segment accounted for 27% of the market share in 2022, due to the rising demand for non-toxic, eco-friendly degreasers in the industrial, automotive, and aerospace sectors.

North America market was valued at USD 347 million in 2022, owing to the increasing acceptance of greener cleaning solutions across automotive, manufacturing, and aerospace sectors.

The competitive landscape of the market includes prominent companies, such as BASF SE, Soy Technologies LLC, Henkel (China) Investment Co. Ltd., Carroll Company, Renewable Lubricants Inc., BIONANO, Uzay Kimaya, Ecolab, Huntsman Corporation, and Global Green Tag.