Latin America Parts Washer Market Size & Outlook
Latin America parts washer market, 2018-2030 (US$M)
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Latin America parts washer market highlights
- The Latin America parts washer market generated a revenue of USD 203.6 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, aqueous-based parts washers was the largest revenue generating cleaning method in 2023.
- Ultrasonic parts washers is the most lucrative cleaning method segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 203.6 million |
| Market revenue in 2030 | USD 290.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Aqueous-based parts washers |
| Fastest growing segment | Ultrasonic parts washers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solvent-based parts washers, Aqueous-based parts washers, Ultrasonic parts washers, Bioremediation Aqueous parts washer |
| Key market players worldwide | Bio-Circle Surface Technology, Walter Surface Technologies, Safety-Kleen Systems, Heritage-Crystal Clean, Safetykleen, CRC Industries, NCH Corporation, SBS Ecoclean Group, Valiant TMS, Service Line, Proceco, Rozone, Cleanway, Vollrath Manufacturing Services, Ultrasonic Power Corporation, DENIOS |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.5% of the global parts washer market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,242.9 million by 2030.
Aqueous-based parts washers was the largest segment with a revenue share of 43.52% in 2023. Horizon Databook has segmented the Latin America parts washer market based on solvent-based parts washers, aqueous-based parts washers, ultrasonic parts washers, bioremediation aqueous parts washer covering the revenue growth of each sub-segment from 2018 to 2030.
The rising production of vehicles in Brazil, Mexico, and Argentina has led to a surge in the demand for parts washers.
These machines play a crucial role in ensuring that automotive parts are thoroughly cleaned, which reduces the risk of corrosion and improves the overall performance and longevity of vehicles.
As the region's automotive manufacturing capabilities continue to grow, the demand for parts washers is expected to increase over the forecast period.
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Parts Washer Market Scope
Parts Washer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America parts washer market size, by country, 2018-2030 (US$M)
Latin America Parts Washer Market Outlook Share, 2023 & 2030 (US$M)
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