The industrial & institutional cleaning chemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Industrial & Institutional Cleaning Chemicals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The industrial & institutional cleaning chemicals market size has grown strongly in recent years. It will grow from $65.71 billion in 2023 to $70.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in healthcare sector, food safety standards, rising awareness of hygiene, urbanization and industrialization, outsourcing of cleaning services, focus on workplace safety.
The industrial & institutional cleaning chemicals market size is expected to see strong growth in the next few years. It will grow to $94.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to green cleaning solutions, focus on disinfection, environmental concerns, customized cleaning solutions, rise of sustainable practices, focus on air quality, flexible and scalable solutions. Major trends in the forecast period include robotics in cleaning processes, multi-purpose and specialty cleaners, safer chemical alternatives, subscription and service models, technological integration for monitoring and control, r&d in antimicrobial and antiviral technologies.
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Scope Of Industrial & Institutional Cleaning Chemicals Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial & Institutional Cleaning Chemicals Market Overview
Market Drivers –
The rise in health concerns about recent outbreaks of COVID-19 and increased use of sanitation are expected to boost the growth of the industrial, institutional, and cleaning chemicals markets going forward. The state of being physically and psychologically healthy and disease-free is known as being in good health and sanitation. It describes the conditions that support good public health, including access to clean drinking water, effective sewage treatment, and the disposal of human waste. During the COVID-19 pandemic, the overall use of most cleaning chemicals has significantly increased in healthcare institutions such as hospitals, nursing homes, and assisted living facilities as a result of increasing cleaning frequency, increasing patient loads, and a focus on deep cleaning to safeguard fragile patients or residents. For instance, according to the report published by the World Health Organization, a Switzerland-based government agency and provider of leadership on global health matters, in 2021, safely managed sanitation services grew from 47% to 54%. Additionally, it is anticipated that by 2030, 67% of people will have access to safe sanitation. Therefore, the rise in health concerns and the increased use of sanitation are driving the growth of the industrial, institutional, and cleaning chemicals markets.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the industrial and institutional and cleaning chemicals market. Major companies operating in the industrial and institutional and cleaning chemicals market are developing innovative antibacterial products to strengthen their position in the market. For instance, in September 2023, Bunzl Canada Inc, a Canada based distributor of food packaging, cleaning and hygiene products, introduced its latest environmentally conscious cleaning product line, branded under the name REGARD. The line, titled REGARD Eco-Friendlier Cleaning Solutions, is comprised of ECOLOGO and Green Seal-certified products, aligning with stringent environmental standards. This innovative line not only reduces the environmental impact associated with procurement and delivery but also incorporates smart packaging solutions. The cleaning products are carefully formulated to be non-caustic and hypoallergenic, offering a safer and healthier cleaning alternative. Furthermore, these high-performance solutions are designed to deliver exceptional cleaning results, emphasizing both efficacy and environmental responsibility.
The industrial & institutional cleaning chemicals market covered in this report is segmented –
1) By Product: General Purpose Cleaners, Disinfectants And Sanitizers, Laundry Care Products, Vehicle Wash Products, Other Products
2) By Ingredient Type: Surfactants, Solvents, Chelating Agents, pH Regulators, Solubilizer/Hydrotropes, Enzymes, Other Ingredient Types
3) By End-Use: Commercial, Industrial, Institutional, Other End-uses
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Regional Insights –
North America was the largest region in the industrial & institutional cleaning chemicals market share in 2023. The regions covered in the industrial & institutional cleaning chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the industrial & institutional cleaning chemicals market report are Procter & Gamble Company, Clariant AG, Henkel Adhesives Technologies India Private Limited, Kimberly-Clark Corporation, Croda International Plc., Huntsman International LLC, Solvay, Ecolab Inc., Badische Anilin und Soda Fabrik, The Clorox Company, 3M Company, Albemarle Corporation, Sasol Limited, Westlake Corporation, Diversey Holdings Ltd., Arrow-Magnolia International Inc., Avmor, Bebbington Industries, Betco, Buckeye International Inc., Charlotte Products Ltd., State Industrial Products Corporation, The ArmaKleen Company, W.M. Barr & Company Inc., Zep Inc., Spartan Chemical Company Inc., Stepan Company, WM Barr, Eastman Chemical Company, LANXESS A.G, National Chemical Laboratories Inc., Nouryon, Reckitt Benckiser Group plc .
Table of Contents
- Executive Summary
- Industrial & Institutional Cleaning Chemicals Market Report Structure
- Industrial & Institutional Cleaning Chemicals Market Trends And Strategies
- Industrial & Institutional Cleaning Chemicals Market – Macro Economic Scenario
- Industrial & Institutional Cleaning Chemicals Market Size And Growth
…..
- Industrial & Institutional Cleaning Chemicals Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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