Industrial Cleaning Chemicals Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
The global industrial cleaning chemicals market was valued at the US $ 60.35 Bn. in 2023, and it is expected to reach to US $ 98.18 Bn. with a CAGR of 7.2% during the forecast period.
The report covers the market dynamics by regions and the end-user segments.
Industrial Cleaning Chemicals Market Overview:
Industrial cleaning chemicals are man-made chemicals used to clean and sanitize industrial facilities. These chemicals help to prevent corrosion on industrial equipment like pipelines, vessels, and heavy types of machinery. The cleaning and sanitization of industrial equipment and floors ensure the safety of workers and control chemical, biological, and environmental hazards in the workplace. These chemicals are extremely efficient, but a single product cannot fulfill multiple purposes. Thus, there is a requirement for advanced formulated products based on their specific application.
To know about the Research Methodology :- Request Free Sample Report
COVID–19 Influence on Industrial Cleaning Chemicals Market:
The COVID-19 pandemic had a nominal influence on the growth of the industrial cleaning chemicals market. The pandemic made consumers pay special attention to cleanliness and sanitization to stop the spread of the virus. The key manufacturers failed to meet the rising demand from consumers end due to insufficient manufacturing capacities, unavailability of manpower, and strict rules and regulations imposed on transport. Thus, these factors made the industrial cleaning chemicals market hit a nominal downfall as compared to other businesses across the globe during the pandemic period.
Industrial Cleaning Chemicals Market Dynamics:
In the industrial environment, awareness about health, safety, and hygiene is rising consistently, which is expected to boost the global industrial cleaning chemicals market during the forecast period. The rapid growth of advanced industries in the regions of the Asia Pacific and North America is expected to drive the industrial cleaning chemicals market during the forecast period. Since the rules and regulations of the respective industry vary by region and country, the report has covered them by region in detail, which will guide users in their course of action. Thus, the report will help manufacturers and users to channelize their resources and to produce products as per the law of the land. It is understood that low VOC content industrial cleaning chemicals are expected to drive the demand for eco-friendly cleaning chemical products.
Europe and North America have imposed stringent rules and regulations on the use of industrial cleaning chemicals with high VOC content. Thus, the use of cleaning chemicals with high VOC content may fall to a certain extent in these respective regions and it is expected to hinder the growth of the market during the forecast period.
The rising expenditure on healthcare by individuals across the globe is one of the most important factors boosting the need for industrial cleaning chemicals in the healthcare segment. However, it is mandatory to maintain the high quality of hygiene and sanitization in hospitals on a daily basis, which is done with the help of advanced formulated and safe cleaning chemicals. Thus, the demand for industrial cleaning chemicals is significantly rising in the healthcare segment and creating new opportunities for the development of advanced and safe premium cleaning chemical products.
Industrial Cleaning Chemicals Market Segment Analysis:
On the basis of Ingredient, the global industrial cleaning chemicals market is segmented into six types as follows, surfactants, solvents, chelating agents, pH regulators, solubilizers, and others.
On the basis of Product, the global industrial cleaning chemicals market is segmented into eight types as follows, general cleaners, metal cleaners, oven & grill cleaners, dishwashing, commercial laundry, dairy cleaners, food cleaners, and disinfectants.
In 2023, the general cleaners segment was dominant, holding xx% of the overall market share. It has wide applications as a degreasing agent, for cleaning metals, and for maintaining hygiene. These general cleaners are low in cost and provide efficient cleaning. Hence, the demand for general cleaners is expected to increase during the forecast period. The disinfectants segment is expected to experience high growth thanks to increasing demand from the food and beverage industry to maintain high-quality hygiene and sanitization standards at their manufacturing units.
2023 is considered as a base year to forecast the market from 2024 to 2030. 2023 market size is estimated based on real numbers and outputs of the key players and major players across the globe. The past five years trends are considered while forecasting the market through 2030. 2023 is a year of exception and is analyzed especially with the impact of lockdown by region.
On the basis of Application, the global industrial cleaning chemicals market is segmented into seven types as follows, manufacturing and commercial offices, healthcare, retail and foodservice, hospitality, automotive and aerospace, food processing, and others. The commercial sector is expected to be dominant, holding xx% of the overall market share by 2030. The improvement in the cleanliness standards in developing countries like China, India, Japan, and many more, along with increasing awareness about sanitization due to the COVID-19 pandemic is expected to drive the market during the forecast period.
Industrial Cleaning Chemicals Market Regional Insights:
In 2023, North America was dominant, holding 32.5% of the overall share in terms of revenue and the market size was at the US $16.10 billion. North America is the most important contributor to the growth of the industrial cleaning chemicals market thanks to rising demand from the hospitality sector. Along with that, the COVID-19 pandemic outbreak has increased the use of cleaning chemicals to sanitize and maintain high-quality hygiene standards, leading to a spike in the need for disinfectants in the regions of North America.
The Asia Pacific is expected to observe significant growth at a CAGR of 6.9% during the forecast period thanks to increasing consumption of products from different sectors like laundry, food processing, and manufacturing sectors in India, China, and Japan. Thus, adopting high-quality hygiene standards in these regions is expected to boost the growth of industrial cleaning chemicals during the forecast period.
In Europe, the demand for cleaning chemicals with low VOC content is growing from the food and beverage industry to maintain strict hygiene in manufacturing units and the workplace.
In the Middle East and Africa, increasing strict policies about food safety standards and avoiding food-related health issues are expected to accelerate the growth of the industrial cleaning chemicals market.
Industrial Cleaning Chemicals Market Recent Advancements:
In March 2021, Laxness completed the procurement of a Paris-based biocide manufacturing company, INTACE SAS, which may augment the product portfolio of the company.
In August 2019, Nouryon doubled the production capacity of its surfactant units at Stenungsund (Sweden) to meet the increasing demand for surfactants from consumers.
The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
Industrial Cleaning Chemicals Market Scope: Inquire before buying
| Industrial Cleaning Chemicals Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 60.35 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 7.2% | Market Size in 2030: | US $ 98.18 Bn. |
| Segments Covered: | by Ingredient | Surfactants Solvents Chelating agents pH regulators Solubilizers Others |
|
| by Product | General cleaners Metal cleaners Oven and grill cleaners Dish washing Commercial laundry Dairy cleaners Disinfectants |
||
| by Application | Manufacturing and commercials Healthcare Retail and food service Hospitality Automotive and Aerospace Food processing Others |
||
Industrial Cleaning Chemicals Market by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Industrial Cleaning Chemicals Market Key Players:
1. The Procter and Gamble Company
2. The Clorox Company
3. Kimberley-Clark Corporation
4. Ecolab
5. Diversey Inc.
6. Dow
7. Graham Chemical Corporation
8. Croda International plc
9. BASF SE
10. Brenntag
11. Clariant SA
12. Solvay SA
13. Stephan Company
14. Spartan Chemical Company
15. Evonik Industries AG
16. Others
Frequently Asked Questions:
1. Which region has the largest share in Global Industrial Cleaning Chemicals Market?
Ans: North America region held the highest share in 2023.
2. What is the growth rate of Global Industrial Cleaning Chemicals Market?
Ans: The Global Industrial Cleaning Chemicals Market is growing at a CAGR of 7.2% during forecasting period 2024-2030
3. What is scope of the Global Industrial Cleaning Chemicals Market report?
Ans: Global Industrial Cleaning Chemicals Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Industrial Cleaning Chemicals Market?
Ans: The important key players in the Global Industrial Cleaning Chemicals Market are – The Procter and Gamble Company, The Clorox Company, Kimberley-Clark Corporation, Ecolab, Diversey Inc., Dow, Graham Chemical Corporation, Croda International plc, BASF SE,
5. What is the study period of this Market?
Ans: The Global Industrial Cleaning Chemicals Market is studied from 2023 to 2030