DUBLIN, Nov. 27, 2019 /PRNewswire/ — The “Industrial Cleaning Market by Ingredient Type (Surfactant, Solvent, Chelating Agent), Product Type (General and Metal Cleaners), Application (Manufacturing & Commercial Offices, Healthcare, Retail & Foodservice), Region – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global industrial cleaning chemicals market size is estimated to grow from USD 46.8 billion in 2019 to USD 58.2 billion by 2024, at a CAGR of 4.5%.
The key players profiled in the report include Diversey Inc. (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), BASF SE (Germany), Clariant (Switzerland), Stepan Company (US), Ecolab (US), Solvay (Belgium), Spartan Chemical Company (US), and Croda International Plc. (UK).
The industrial cleaning chemicals industry is mainly driven by the increasing demand from various applications, including manufacturing, healthcare, retail & food service, and hospitality, among others.
The rising awareness regarding workplace hygiene will be a major driver for the demand for industrial cleaning chemicals in the future. In developed regions, cleaning regulations are very stringent. Moreover, developing economies are focusing more on cleanliness and hygiene through different initiatives; for instance, Swachh Bharat by the government in India. Hence, all these factors are expected to drive the industrial cleaning chemicals market between 2019 and 2024.
Healthcare to be the fastest-growing segment of the industrial cleaning chemicals market, in terms of value, between 2019 and 2024.
The healthcare segment is expected to witness the highest growth in terms of value during the forecast period. Increasing health concerns and heavy investment in the healthcare sector in the recent past are the major reasons for the growth of the healthcare sector in developing economies such as India and China.
The US and Canada are the major contributors to global healthcare expenditure. The awareness regarding hygiene and cleanliness is very high in North America. Additionally, the high disposable income of the population in the US and a high standard of living are supporting the growth of the industrial cleaning chemicals market in the healthcare application.
Surfactants are estimated to account for the largest share of the overall industrial cleaning chemicals industry, in terms of value, between 2019 and 2024.
Surfactants are the largest ingredient type of industrial cleaning chemicals due to their increasing demand from various applications. The increased awareness regarding hygiene and demand for germ-free, dirt-free, and clean working space is driving the use of surfactants. North America and Europe are mature markets. On the other hand, the market in APAC and the Middle East & Africa is growing because of the rapid industrial growth in these regions.
General cleaners are the largest product type in the overall industrial cleaning chemicals market in terms of value.
The consumption of general cleaners is very high in the market. This is mainly due to its consumption in almost every industry. General cleaners include sub-types such as floor care and carpet care. Cleaning of floor and carpet is very common in every industry, which drives the consumption of general cleaners in the industrial cleaning chemicals market.
Rapid industrialization in APAC to drive the demand for industrial cleaning chemicals.
APAC industrial cleaning chemicals industry is estimated to be the largest during the forecast period. This is mainly due to the well-established manufacturing industry. The major industrial cleaning chemical markets in APAC are China, Japan, India, Australia, and South Korea. China is the major hub for manufacturing activities globally and is also one of the largest producers of automobiles.
Also, China is the most populous country in the world, which has resulted in the growth of institutional facilities such as hotels, hospitals, and laundry cleaning, which are also among the largest applications of industrial cleaning chemicals. Moreover, countries such as India and South Korea are also witnessing significant growth rates on account of the growing industrial activities in the region
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Increasing Demand From Applications
184.108.40.206 Workplace Hygiene Initiatives
220.127.116.11 Government & Environmental Regulations
18.104.22.168 Green & Bio-Based Industrial Cleaning
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Industry Outlook
6 Industrial Cleaning Market, By Ingredient Type
6.2.1 Demand From General Cleaners to Drive the Surfactants Market
6.2.2 Anionic Surfactants
6.2.3 Nonionic Surfactants
6.2.4 Cationic Surfactants
6.2.5 Amphoteric Surfactants
6.3.1 Demand From Metal Cleaning to Drive the Solvents Market
6.4 Chelating Agent
6.4.1 High Performance of Chelating Agents in Hard Water to Drive the Market
6.5 pH Regulators
6.5.1 Demand From Commercial Laundry to Drive the Market
6.6.1 The Demand From High-Temperature Applications to Drive the Market
7 Industrial Cleaning Market, By Product Type
7.2 General Cleaners
7.2.1 General Cleaners is the Largest Product Type of Industrial Cleaning
7.2.2 Floor Care
7.2.3 Carpet Care
7.3 Metal Cleaners
7.3.1 Metal Cleaners to Be the Fastest-Growing Product Type of Industrial Cleaning
7.4.1 Demand From Healthcare Application Will Drive the Market for Disinfectants
7.5 Commercial Laundry
7.5.1 Demand From Healthcare and Hospitality Will Drive the Market
7.6 Dish Washing
7.6.1 Chelating Agent is the Largest Ingredient in Dish Washing
7.7 Oven & Grill Cleaners
7.7.1 pH Regulator is the Largest Ingredient in Oven & Grill Cleaners
7.8 Food Cleaners
7.8.1 Surfactant is the Largest Ingredient in Food Cleaners
7.9 Dairy Cleaners
7.9.1 pH Regulators is the Largest Ingredient in Dairy Cleaners
8 Industrial Cleaning Market, By Application
8.2 Manufacturing & Commercial Offices
8.2.1 Rising Industrialization in Developing Nations is Driving the Market
8.3.1 Increased Healthcare Expenditure Will Create Favorable Conditions for Market Growth
8.4 Retail & Food Service
8.4.1 APAC Will Drive the Retail & Food Service Application
8.5.1 Growing Tourism Sector Will Have A Positive Impact on the Market in Western Europe
8.6 Food Processing
8.6.1 Need for Hygiene Will Drive the Market in the Food Processing Segment
8.7 Automotive & Aerospace
8.7.1 Need for Regular Cleaning Will Propel the Market Growth in the Automotive & Aerospace Segment
9 Industrial Cleaning Market, By Region
- Aarti Industries
- Arcot Manufacturing Corporation
- Arrow Solutions
- BASF SE
- Chela Ltd
- Croda International PLC
- Diversey Inc.
- Dupont De Nemours Inc.
- Emulso Corporation
- Enaspol A.S.
- EOC Group
- Evonik Industries AG
- Huntsman Corporation
- Klk Oleo
- Nyco Products Company
- Pilot Chemical Corp
- Prime Industries Ltd
- Satol Chemicals
- Spartan Chemical Company, Inc.
- Stepan Company
- The Dow Chemical Company
- Unger Fabrikker A.S
For more information about this report visit https://www.researchandmarkets.com/r/jg2ugj
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