PUBLISHER: The Business Research Company | PRODUCT CODE: 1409515
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409515
“Industrial & Institutional Cleaning Chemicals Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial & institutional cleaning chemicals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial & institutional cleaning chemicals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The industrial & institutional cleaning chemicals market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Industrial and Institutional (I&I) cleaning chemicals are formulated for the regular cleaning of commercial, public, and industrial buildings, extending beyond the typical household setting. These cleaners employ a range of chemicals, including acids, alcohols, bleaches, disinfectants, solvents, and surfactants, finding application in diverse settings such as hotels, restaurants, and hospital cafeterias.
The primary product categories of industrial & institutional cleaning chemicals comprise general-purpose cleaners, disinfectants and sanitizers, laundry care products, vehicle wash products, and others. General-purpose cleaners, typically water-based, are available in trigger-spray bottles. Their ingredient types encompass surfactants, solvents, chelating agents, pH regulators, solubilizers or hydrotropes, enzymes, and others, catering to various end uses such as commercial, industrial, institutional, and more.
The industrial & institutional cleaning chemicals market research report is one of a series of new reports from The Business Research Company that provides industrial & institutional cleaning chemicals market statistics, including industrial & institutional cleaning chemicals industry global market size, regional shares, competitors with an industrial & institutional cleaning chemicals market share, detailed industrial & institutional cleaning chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the industrial & institutional cleaning chemicals industry. This industrial & institutional cleaning chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial & institutional cleaning chemicals market size has grown strongly in recent years. It will grow from $65.71 billion in 2023 to $70.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed during the historical period can be attributed to factors such as growth in the healthcare sector, adherence to food safety standards, increased awareness of hygiene, the processes of urbanization and industrialization, the outsourcing of cleaning services, and a heightened focus on workplace safety.
The industrial & institutional cleaning chemicals market size is expected to see strong growth in the next few years. It will grow to $94.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to factors such as the adoption of green cleaning solutions, an increased focus on disinfection practices, growing environmental concerns, the demand for customized cleaning solutions, the rise of sustainable practices, heightened attention to air quality, and the implementation of flexible and scalable cleaning solutions. Key trends expected during this period include the integration of robotics in cleaning processes, the popularity of multi-purpose and specialty cleaners, the exploration of safer chemical alternatives, the emergence of subscription and service models, technological integration for monitoring and control, and ongoing research and development in antimicrobial and antiviral technologies.
The industrial, institutional, and cleaning chemicals markets are anticipated to experience growth due to increasing health concerns related to recent COVID-19 outbreaks and the heightened focus on sanitation. Good health and sanitation, which denote physical and psychological well-being along with disease prevention, have become paramount. The COVID-19 pandemic has led to a significant surge in the use of cleaning chemicals, especially in healthcare institutions such as hospitals, nursing homes, and assisted living facilities. This increase is attributed to higher cleaning frequencies, larger patient loads, and an emphasis on deep cleaning to protect vulnerable patients or residents. Notably, the World Health Organization reported an increase in safely managed sanitation services from 47% to 54% in 2021, with an anticipated rise to 67% by 2030. Thus, the upswing in health concerns and the heightened use of sanitation are key drivers for the industrial, institutional, and cleaning chemicals markets.
The industrial and institutional cleaning chemicals market is expected to witness growth propelled by the expansion of the hospitality industry. The hospitality sector, encompassing hotels, restaurants, and various entertainment venues, plays a pivotal role in driving demand for industrial and institutional cleaning chemicals. These chemicals are essential for maintaining high cleanliness standards, ensuring guest satisfaction, and meeting stringent hygiene requirements. Recent statistics from the American Hotel and Lodging Association indicate a hotel occupancy rate in the United States reaching 62.7%, with an expected increase to 63.8% by 2023. This expansion in the hospitality industry is poised to contribute significantly to the growth of the industrial and institutional cleaning chemicals market.
A prominent trend in the industrial and institutional cleaning chemicals market is product innovation. Major companies in this sector are focusing on the development of innovative antibacterial products to strengthen their market positions. For instance, Bunzl Canada Inc. introduced the REGARD Eco-Friendlier Cleaning Solutions, an environmentally conscious product line certified by ECOLOGO and Green Seal. This innovative line aligns with stringent environmental standards, offering a safer and healthier cleaning alternative. Major players are keen on developing sustainable laundry care products, such as eco-friendly detergents, to meet the growing demand for environmentally responsible solutions. Henkel AG & Co. KGaA launched an ultra-concentrated version of its eco liquid laundry detergent, featuring a bottle made entirely from 100% recycled plastic. This sustainable laundry detergent, with Safer Choice and USDA Biobased certifications, caters to environmentally conscious consumers and is recognized under Amazon's Climate Pledge Friendly program.
In October 2022, Diversey Holdings Ltd. acquired Tasman Chemicals Pty Ltd., an Australia-based manufacturer of professional hygiene and cleaning products. This acquisition enhances Diversey's production footprint, offering increased operational flexibility and responsiveness to client demands in global markets.
Major companies operating in the industrial & institutional cleaning chemicals market report are Procter & Gamble Company, Clariant AG, Henkel Adhesives Technologies India Private Limited, Kimberly-Clark Corporation, Croda International Plc., Huntsman International LLC, Solvay, Ecolab Inc., Badische Anilin und Soda Fabrik, The Clorox Company, 3M Company, Albemarle Corporation, Sasol Limited, Westlake Corporation, Diversey Holdings Ltd., Arrow-Magnolia International Inc., Avmor, Bebbington Industries, Betco, Buckeye International Inc., Charlotte Products Ltd., State Industrial Products Corporation, The ArmaKleen Company, W.M. Barr & Company Inc., Zep Inc., Spartan Chemical Company Inc., Stepan Company, WM Barr, Eastman Chemical Company, LANXESS A.G, National Chemical Laboratories Inc., Nouryon, Reckitt Benckiser Group plc .
North America was the largest region in the industrial & institutional cleaning chemicals market share in 2023. The regions covered in the industrial & institutional cleaning chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the industrial & institutional cleaning chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial & institutional cleaning chemicals market consists of sales of defoamers, low foaming agents, detergents, degreasing agents, and emulsifiers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.