South Korea Parts Washer Market Size & Outlook, 2023-2030
South Korea parts washer market, 2018-2030 (US$M)
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South Korea parts washer market highlights
- The South Korea parts washer market generated a revenue of USD 56.4 million in 2023 and is expected to reach USD 79.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5% 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.
Parts washer market data book summary
| Market revenue in 2023 | USD 56.4 million |
| Market revenue in 2030 | USD 79.6 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Aqueous-based parts washers |
| Fastest growing segment | Ultrasonic parts washers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 2.6% of the global parts washer market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China parts washer market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 127.1 million by 2030.
Aqueous-based parts washers was the largest segment with a revenue share of 40.25% in 2023. Horizon Databook has segmented the South Korea 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.
South Korea's integration into global supply chains and its strong export-oriented manufacturing base contributes significantly to the growth of the parts washer market.
As South Korean manufacturers expand their presence in international markets, the demand for high-quality parts washer systems that meet global standards and customer specifications is expected to increase.
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Parts Washer Market Scope
Parts Washer Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea parts washer market size, by cleaning method, 2018-2030 (US$M)
South Korea Parts Washer Market Outlook Share, 2023 & 2030 (US$M)
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