The report “Industrial Cleaning Chemicals Market by Ingredient (Surfactants, Solvents, Chelating Agents), Product (General & Medical Cleaning), Application (Manufacturing & Commercial Offices, Healthcare, Retail & Food Service), and Region – Global Forecast to 2028”, is estimated at USD 53.5 billion in 2023 and is projected to reach USD 67.0 billion by 2028, at a CAGR of 4.6% from 2023 to 2028. Factors such as workplace hygiene initiatives and increased concern over healthier environment are positively driving the growth of the industrial cleaning chemicals market. Furthermore, the increasing demand from several applications post COVID-19 pandemic drives the market.
Some of the prominent key players are:
· Diversey Holdings, Ltd. (US)
· Evonik Industries AG (Germany)
· BASF SE (Germany)
· Stepan Company (US)
· The Dow Chemical Company (US)
· Ecolab Inc. (US)
· Clariant AG (Switzerland)
· Solvay (Belgium)
· Pilot Chemical Corp. (US)
· DuPont De Numerous, Inc. (US)
Driver: Increasing demand from end-use industries post COVID-19 pandemic
Industrial cleaning plays a very vital role in the performance and growth of manufacturing & commercial offices, healthcare, and retail & food service applications. In these applications, there is direct client interaction so, these industries aim on ensuring cleanliness. In manufacturing, food processing industries, and automotive industries, better hygiene is not only safe for workers but also results in quality products, which helps in improving productivity. All these applications are projected to grow at a positive rate, which is expected to drive the demand for industrial cleaning chemicals in these applications. Thus, the increasing demand from end-use industries post COVID-19 pandemic drives the market.
Surfactants segment is expected to account for the largest share in 2022
By ingredient type, the industrial cleaning chemicals market has been segmented into surfactants, solvents, chelating agents, pH regulators, solubilizers/hydrotropes, enzymes, and others. The surfactants segment has the largest share in the industrial cleaning chemicals market because of the demand for dirt-free, germ-free, and hygienic working space and the awareness about cleanliness in the environment. The increasing concern about the healthier environment is also driving the market for the surfactants segment in the market.
North America is expected to account for the largest share in 2022
The industrial cleaning chemicals market has been studied in Asia Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and South America. The North America industrial cleaning chemicals market is driven by the rapidly growing concern about healthier environment in the region. In North America, the chemicals are extensively used in the US which is one of the largest manufacturing hubs in the world. Due to the large elderly population, the healthcare spending has increased which in turn is responsible for the growth of the industrial cleaning chemicals in the region.
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