Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Industrial And Institutional Cleaning Chemicals Market Size is Expected to Grow from USD 1.49 Billion in 2023 to USD 3.39 Billion by 2033, at a CAGR of 8.57% during the forecast period 2023-2033.
Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Industrial And Institutional Cleaning Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (Chlor-alkali and Surfactants), By Product (General Purpose Cleaners, Disinfectants and Sanitizers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The industrial and institutional cleaning chemicals market includes the chemicals and services employed in cleaning and maintaining diverse commercial and industrial establishments, such as healthcare, food processing, and hospitality industries. The recent pandemic has caused increased safety and hygiene issues, which have resulted in more consumption of cleaning chemicals throughout the world and propelled the industry to grow. The producers are exploring ways to produce sustainable and eco-friendly cleaning products. This is a move toward sustainable growth of the industry. Furthermore, the rise in awareness among the people and measures taken to minimize the outbreak of the pandemic are key driving forces behind the market. Consumers are becoming risk-averse when selecting the product and are gravitating towards green products, thus piling high demand for green organic and plant-based cleaning chemicals. The application of chemical cleaners is encouraged by regulatory bodies to ensure hygiene levels are upheld in the production facilities of various industries, particularly the food and healthcare industries. However, the market for industrial and institutional cleaning chemicals is beset by concerns that affect manufacturers' sustainability and profitability, such as fluctuating raw material prices, strict regulations, and escalating environmental concerns.
The surfactants segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the projected period.
Based on the raw material, the global industrial and institutional cleaning chemicals market is divided into chlor-alkali and surfactants. Among these, the surfactants segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the projected period. This is due to the widespread utilization of surfactants in the manufacturing of a variety of products, including adhesives, emulsifiers, fabric softeners, herbicides, lubricants, anti-fogging liquids, inks, and grooming creams.
The general purpose cleaners segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the product, the global industrial and institutional cleaning chemicals market is divided into general purpose cleaners, disinfectants and sanitizers. Among these, the general purpose cleaners segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. This is because of their widespread use in cleaning hard floor surfaces, greasy stains, and hard soil stains, among other things. The broad range of products in the general-purpose cleaners segment is tailored to meet the diverse needs of customers.
North America is anticipated to hold the highest share of the global industrial and institutional cleaning chemicals market over the projected period.
North America is anticipated to hold the highest share of the global industrial and institutional cleaning chemicals market over the projected period. This is ascribed to rising demand for manufacturing facilities from a variety of industries and rising consumption brought on by the ongoing pandemic. The strong demand for industrial and institutional cleaning chemical products is driven by North America's established market and status as a manufacturing hub for numerous industries.
Asia Pacific is estimated to grow at the fastest CAGR of the global industrial and institutional cleaning chemicals market during the forecast period. In Asia Pacific the industrial and institutional cleaning chemicals industry is expected to be driven by macroeconomic factors like a sizable population, expanding healthcare facilities and industrial manufacturing output, and the availability of raw materials at competitive prices.
Company Profiling
Major vendors in the global industrial and institutional cleaning chemicals market are Clariant, The Clorox Company, Inc., BASF SE, Henkel AG & Co. KGaA, 3M, Kimberly-Clark Corporation, Reckitt Benckiser Group plc, Procter & Gamble, Croda International PLC, Dow, Albemarle Corporation, Sasol, Eastman Chemical Corporation, SOLVAY, Huntsman International LLC, STEPAN Company, Westlake Chemicals Corporation, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global industrial and institutional cleaning chemicals market based on the below-mentioned segments:
Global Industrial And Institutional Cleaning Chemicals Market, By Raw Material
Global Industrial And Institutional Cleaning Chemicals Market, By Product
Global Industrial And Institutional Cleaning Chemicals Market, By Regional
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