PUBLISHER: The Business Research Company | PRODUCT CODE: 1425566
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425566
Industrial 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 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 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 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 cleaning chemicals serve as synthetic compounds aimed at mitigating corrosion risks on industrial equipment, including pipelines, vessels, and heavy machinery. Their application in cleaning and sanitizing industrial equipment is pivotal for ensuring worker safety and minimizing chemical, biological, and environmental hazards within industrial environments.
Diverse product types constitute the realm of industrial cleaning chemicals, encompassing general cleaners, metal cleaners, oven and grill cleaners, dishwashing agents, commercial laundry solutions, dairy cleaners, and disinfectants. Metal cleaners specifically target the removal of soils from metal surfaces, employing methods like cold cleaning, open-top vapor degreasing, or conveyorized degreasing. These chemicals consist of various ingredient types such as surfactants, solvents, chelating agents, pH regulators, solubilizers, and other components. They find extensive usage across multiple sectors including manufacturing, commercial offices, healthcare, retail and food service, hospitality, automotive, aerospace, food processing, and numerous other applications, ensuring effective maintenance and cleanliness of equipment and facilities.
The industrial cleaning chemicals market research report is one of a series of new reports from The Business Research Company that provides industrial cleaning chemicals market statistics, including industrial cleaning chemicals industry global market size, regional shares, competitors with an industrial cleaning chemicals market share, detailed industrial cleaning chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the industrial cleaning chemicals industry. This industrial 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 cleaning chemicals market size has grown strongly in recent years. It will grow from $57.56 billion in 2023 to $61.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion witnessed in the historical period can be credited to the rise of industrialization and manufacturing, adherence to strict regulatory standards, compliance with occupational health and safety protocols, a dedicated emphasis on sustainable practices, the burgeoning food processing industry, increased attention to healthcare facility hygiene, advancements in water treatment, and more effective pollution control measures.
The industrial cleaning chemicals market size is expected to see strong growth in the next few years. It will grow to $82.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be traced back to the globalization of supply chains, a heightened emphasis on green chemistry, the expanding landscape of e-commerce, the management of biofilm in food processing, the rapid pace of urbanization, the development of tailored cleaning solutions, and a dedicated focus on specialty chemicals. Notable trends expected during this period encompass heightened levels of automation and robotics, a steadfast commitment to high efficiency and superior performance, the transition towards bio-based and bio-derived ingredients, customization through tailored solutions, advancements in nanotechnology, as well as the integration of digitalization and data-driven practices within the realm of cleaning processes.
Increased individual healthcare spending is poised to drive the industrial cleaning chemicals market. Healthcare, encompassing physical, mental, and emotional well-being, necessitates stringent disinfection practices to mitigate infection risks from microbial contamination. Notably, statistics from The Office for National Statistics revealed a substantial 9.4% rise in healthcare spending in the UK in nominal terms and 9.7% in real terms. Total UK healthcare expenditure in 2021 amounted to $367.25 billion (£280.7 billion), with pharmaceutical spending at $51.84 billion (£39.6 billion), and preventive care expenditures reaching $45.93 billion (£35.1 billion), more than doubling from the previous year. This heightened expenditure on individual healthcare is a significant driver behind the growth of the industrial cleaning chemicals market.
The burgeoning demand in the automotive industry is expected to propel the industrial cleaning chemicals market. These chemicals play a pivotal role in manufacturing automotive components, effectively removing contaminants from metal, plastic, and rubber surfaces. Notably, data from the European Automobile Manufacturers Association highlighted a global production of 85.4 million motor vehicles in 2022, marking a substantial 5.7% increase from the previous year. Additionally, Brand Finance plc reported a noteworthy 10% increase in automobile sector sales, reaching approximately 78 million units in 2022. This increased demand within the automotive industry acts as a significant driving force propelling the growth of the industrial cleaning chemicals market.
A prominent trend reshaping the industrial cleaning chemicals market is the emphasis on product innovations. Key players in the market are dedicated to developing innovative product solutions to bolster their market share. For instance, Clariant AG introduced a distinctive line of 100% bio-based surfactants and polyethylene glycols in February 2022. These products indirectly address climate change, utilizing ethylene oxide sourced from 100% bio-ethanol derived from sugar cane or corn. Such formulations, based on renewable feedstocks and boasting a minimum 98% Renewable Carbon Index (RCI), reflect a drive towards eco-conscious innovations in industrial cleaning chemicals.
Major companies within the industrial cleaning chemicals market are innovating eco-friendly solutions to gain a competitive edge. Eco-friendly industrial cleaning chemicals prioritize environmental consciousness, delivering effective cleaning while minimizing adverse impacts on ecosystems and human health. For instance, The Clorox Company launched Clorox EcoClean in September 2022 a line of eco-conscious cleaners and disinfectants tailored for professionals maintaining public spaces. This range includes a disinfecting cleaner, an all-purpose cleaner made with 99% plant-based cleaning ingredients, and a non-ammoniated glass cleaner, ensuring thorough cleaning while promoting sustainability and environmental responsibility.
In October 2021, Clean Harbors, Inc., a leading US-based provider offering utilities, specialized maintenance, and industrial cleaning solutions, successfully completed the acquisition of HydroChemPSC for a sum totaling $1.25 billion. This strategic acquisition allows Clean Harbors to capitalize on HydroChemPSC's advanced automated technologies and hands-free capabilities, aiming to elevate safety standards and amplify the scope of its operational scale. HydroChemPSC is a US-based company specializing in cleaning chemicals and services.
Major companies operating in the industrial cleaning chemicals market report are Ecolab Inc., Diversey Holdings Ltd., Minnesota Mining and Manufacturing Company, Badische Anilin und Soda Fabrik SE, Procter & Gamble Company, Akzo Nobel N.V., Clariant International Ltd., Croda International PLC, Eastman Chemical Company, Henkel AG & Co. KGaA, Huntsman Corporation, Solvay SA, Dow Inc., Evonik Industries AG, Stepan Company, Pilot Chemical Company, DuPont de Nemours Inc., Royal Chemical Co. Inc., Dober Chemical Corp., Weiman Products LLC, Spartan Chemical Company Inc., National Service Industries Inc., The Chemours Company, Lubrizol Corporation, Nouryon, Quaker Houghton, S.C. Johnson & Son Inc., Kao Corporation, Church & Dwight Co. Inc., Betco Corporation
North America was the largest region in the industrial cleaning chemicals market in 2023. The regions covered in the industrial cleaning chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial cleaning chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial cleaning chemicals market consists of sales of heavy-duty and highly concentrated commercial quality detergents, sanitizers, air hygiene, ventilation biocides, solvent cleaners, descalers, shower head cleaners, engineering pre-commission cleaners, oil dispersants, and quick break self-emulsifying cleaners. 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.