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(Medical-NewsWire.com, May 03, 2024 ) 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" The industrial cleaning chemicals market is projected to grow from USD 53.5 Billion in 2023 to USD 67.0 Billion by 2028, at a CAGR of 4.6% during the forecast period.
Browse in-depth TOC on "Industrial Cleaning Chemicals Market”
304 - Market Data Tables
71 - Figures
335 - Pages
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Based on ingredient type, the global industrial cleaning chemicals market is segmented into surfactants, solvents, chelating agents, pH regulators, solubilizers/hydrotropes, enzymes, and others. The surfactants segment dominated the overall industrial cleaning chemicals market, in terms of value, in 2022. The surfactants segment is also projected to grow the fastest in the market during the forecast period. The surfactants segment accounts for the major share due to the awareness about cleanliness and the demand for germ-free, dirt-free, and hygienic working space in environment.
Based on product type, the global industrial cleaning chemicals market is segmented into oven & grill cleaners, metal cleaners, dish washing, general & medical device cleaning, food cleaners, dairy cleaners, disinfectants, and commercial laundry. The general & medical device cleaning segment accounts for the major share of the overall market in terms of value and is also projected to register the highest growth rate during the forecast period. The market for this segment is attributed to the extensive usage in the cleaning of medical equipment, floors, sanitary wares, glass surfaces, carpets, and for maintaining basic hygiene in work and healthcare premises.
Based on application, the global industrial cleaning chemicals market is segmented into manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace, food processing, and others. The healthcare segment accounts for the major share of the overall market in terms of value while the food processing segment is projected to register the highest growth rate during the forecast period. The market for healthcare segment is attributed to the increasing health concerns post-pandemic and heavy investment in the healthcare sector in developing economies such as India and China.
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Based on region, the global industrial cleaning chemicals market is segmented into Asia Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa, and South America. North America has the largest market share for the industrial cleaning chemicals market, in terms of value, in 2022 and is also projected to be the fastest-growing industrial cleaning chemicals market. With the increasing industrialization in the region, the awareness regarding hygiene and cleanliness is also growing, which is expected to fuel the growth of the industrial cleaning chemicals market in North America. US is the second-most consumer of industrial cleaning chemicals globally, in terms of value, in 2022.
Industrial Cleaning Chemicals Market Key Players
Major players operating in the industrial cleaning chemicals market include BASF SE (Germany), Dow Inc. (US), Clariant AG (Switzerland), Evonik Industries AG (Germany), Solvay SA (Belgium), Diversey Holdings Ltd. (US), Stepan Company (US), Ecolab Inc. (US), Pilot Chemical Corp. (US), and DuPont de Nemours, Inc. (US). These key players have strong distribution networks as well as reliable manufacturing facilities across key regions, such as Western Europe, North America, Asia Pacific, and Central & Eastern Europe. These companies have an established portfolio of reputable services and products, a robust market presence, and strong business strategies. Moreover, they have a significant market share, new & better products with wider applications, strong geographical use cases, and a larger product footprint.
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