REPORT HIGHLIGHT
Industrial and institutional cleaning chemicals market size was valued at USD 65,709.9 Million in 2022, expanding at a CAGR of 7.7% from 2023 to 2030.
Industrial and institutional cleaning chemicals are used for several purposes, health, preventing the spread of dirt and contaminants, beauty, eliminating bad odor, and removing dirt such as dust, stains, and clutter on surfaces. They are those cleaners that are used for routine cleaning of industrial, commercial, and public institutions. It employs numerous chemicals such as bleaches, acids, disinfectants, solvents, alcohols, and surfactants.
Industrial and Institutional Cleaning Chemicals Market - Market Dynamics:
- Increasing health and hygiene awareness among people will drive market growth
- Industrial and institutional cleaning chemicals market growth is driven as healthcare-associated infections (HAI) devices used in medical practice are very susceptible to fatal infections if not disinfected properly. It is anticipated that the increasing hospital visits of patients are attributed to major injuries. Additionally, rising health and hygiene awareness among peoples are projected to grow the market over the forecast period. In line with this, with the introduction of bacteria and new viruses globally, numerous governments, the European Health Department, and the FDA are investing more in manufacturing industrial and institutional cleaning chemicals. Thus, growing consumer awareness concerning this infection caused by bacteria and virus are contributing to the market growth. However, stringent government regulations and increasing labor costs for the usage of cleaning chemicals are the major factors restraining the market growth.
Industrial and Institutional Cleaning Chemicals Market - Key Insights:
- As per the analysis shared by our research analyst, the global industrial and institutional cleaning chemicals market is estimated to grow annually at a CAGR of around 7.7% over the forecast period (2023-2030)
- The industrial and institutional cleaning chemicals industry is projected to grow at a significant rate due to the growing demand for organic, plant-based, and environmentally friendly cleaning chemicals
- Based on raw material segmentation, surfactant was predicted to show maximum market share in the year 2022
- Based on product segmentation, general-purpose cleaners was the leading type in 2022
- In various industries rising aesthetics and fragrance cleaning products demand is likely to fuel the market growth.
Industrial and Institutional Cleaning Chemicals Market- Segmentation Analysis:
- The global industrial and institutional cleaning chemicals market is segmented on the basis of raw material, product, end-use, and region.
- The market is divided into five categories based on raw materials: solvents, biocides, surfactants, phosphates, chlor-alkali, and others. The surfactant segment is accounted to witness the highest growth rate over the forecast period. They are mainly used in dispersants, detergents, wetting agents, and foaming agents. Additionally, they are commonly required in personal care, institutional cleaning, household cleaning, fabric softeners, and industrial cleaning. Moreover, chlor-alkali is used for industrial and institutional cleaning in detergent formulations. The demand for Chlor-alkali is likely to be driven by caustic soda as a degreaser in chlorine-based disinfectants, germicides, bleaches, and industrial cleaning.
- The market is divided into two categories based on products: laundry care products, vehicle wash products, general-purpose cleaners, disinfectants & sanitizers, and others. The general-purpose cleaners segment is likely to possess the largest revenue share. It involves products that are required for cleaning various surfaces like countertops and faucets & food contact surfaces. Additionally, it is also used as a degreaser and cleanser in several institutional buildings including offices, schools, and libraries.
Industrial and Institutional Cleaning Chemicals Market- Geographical Insights
North America is projected to dominate the market. This is anticipated to increase consumption due to the increased demand and ongoing pandemic from several sectors for their production units. North America is a developed market and is an important production hub for many sectors, thus there is an immense demand for the industrial & institutional cleaning chemicals market. Furthermore, in terms of market share Asia Pacific region is expected to grow rapidly because of the growing manufacturing industries in the region. Additionally, macroeconomic factors including growing healthcare facilities & industrial manufacturing output, raw material availability at cost-effective and large population are projected to drive the industrial and intuitional cleaning chemicals market
Industrial and Institutional Cleaning Chemicals Market- Competitive Landscape:
In research and development market players invest heavily to enlarge their product portfolios and gain a competitive edge over the other players by patenting continuous innovations in the market. The players are also engaged in product innovation to target greater market growth and increase the user base of the cleaning chemicals as well as developing efficient and cost-effective technological innovation for manufacturing industrial and institutional cleaning chemicals. The industries are also involved in mergers and acquisitions to enlarge their customer base and to acquire new markets globally. For instance, in April 2021, Azelis signed an agreement to acquire the distribution assets of the Indian companies Spectrum Chemicals and Nortons Exim Private Limited ("Spectrum"). Additionally, the Mehta family owns both companies and specializes in the distribution of specialty chemicals for the road sector, home care, agrochemicals, and other applications.
Recent Developments:
For instance, in June 2022, BASF finished a double-digit million euro investment to fuel production capacity for Tinopal® CBS optical brighteners at its Monthey site.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET KEY PLAYERS
- 3M
- Dow
- Sasol
- Clariant
- BASF SE
- SOLVAY
- Procter & Gamble
- STEPAN Company
- Albemarle Corporation
- Croda International PLC
- Henkel AG & Co. KGaA
- The Clorox Company, Inc.
- Reckitt Benckiser Group plc
- Huntsman International LLC
- Kimberly-Clark Corporation
- Eastman Chemical Corporation
- Westlake Chemicals Corporation
GLOBALINDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET, BY RAW MATERIAL
- Solvents
- Biocides
- Surfactant
- Phosphates
- Chlor-alkali
- Others
GLOBAL INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET, BY PRODUCT
- Laundry Care Products
- Vehicle Wash Products
- General Purpose Cleaners
- Disinfectants And Sanitizers
- Others
GLOBAL INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET, BY END-USE
GLOBAL INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA