Global Industrial and Institutional Cleaning Chemicals Market to Reach USD 125.7 Billion by 2034, Growing at a 7.5% CAGR. Institutional and industrial cleaning products, North America leads the global market by acquiring more than one-third of the overall revenue.
NEWARK, DE / ACCESSWIRE / October 14, 2024 / The global industrial and institutional cleaning chemicals market reached a value of USD 56,723 million in 2023, and is poised for significant growth over the coming decade. By 2024, the market is expected to rise to USD 60,977.2 million, with an estimated compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. This robust growth trajectory is anticipated to drive the market's total valuation to USD 125,676 million by 2034, driven by increasing demand across various sectors such as healthcare, hospitality, and manufacturing, as well as rising hygiene and sanitation standards globally.
The global Industrial and Institutional Cleaning Chemical Market is projected to witness robust growth in the coming years, driven by increasing awareness around hygiene and sanitation across various sectors such as healthcare, hospitality, food service, and manufacturing industries. These chemicals, which include disinfectants, degreasers, deodorizers, and sanitizers, play a critical role in maintaining cleanliness, ensuring public health safety, and meeting regulatory standards.
What are the Major Driving Factors for the Global Market?
The outgoing pandemic has increased safety and hygiene concerns, increasing the sales of industrial and institutional cleaning chemicals globally. The institutional and industrial cleaning products market trends are significantly influenced by rising public attention and several measures to stop the epidemic from spreading.
Consumers, too, are selecting ecologically friendly items to lessen their carbon footprint and cohabit by avoiding chemicals that hurt the environment. Therefore, as per the industrial and institutional cleaning chemicals market, these products have a lot of unrealized potential that is anticipated to provide an upward trajectory for the target market in the coming days.
The industrial and institutional cleaning chemicals market has expanded rapidly globally in response to the growing demand, mostly from different end-use sectors.
The production requirements established by numerous federal agencies encourage the use of cleaning chemicals in the manufacturing sectors, which helps the industrial and institutional cleaning chemicals market grow and improve penetration in the contemporary years.
Due to their unique chemical characteristics, industrial and institutional cleaning chemicals surfactants are appropriate for creating numerous items. Their antibacterial qualities and their very effective action against hydrophobic dirt have accomplished them the most preferred for cleaning. And therefore, this segment of the global Industrial and institutional cleaning chemicals market is also anticipated to increase rapidly during the projected period.
Solvent-based cleaning agents are also expected to grow rapidly in the projected timeframe as these are more suited because of their biodegradable nature, which reduces the harm and pollution they do to the environment.
"The Industrial and Institutional Cleaning Chemical Market is rapidly evolving, driven by heightened hygiene awareness and a shift toward sustainable solutions. Companies that innovate and adapt to these trends will thrive in this competitive landscape" - says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Market Growth Drivers:
Heightened Focus on Hygiene Post-Pandemic: The global COVID-19 pandemic has accelerated the demand for effective cleaning solutions in public spaces, healthcare facilities, and industries, fostering the growth of industrial and institutional cleaning chemicals.
Stringent Regulatory Standards: Governments and health organizations are imposing strict regulations on cleanliness, especially in sensitive environments like hospitals and food service industries, driving demand for advanced, eco-friendly cleaning chemicals.
Rise in Urbanization and Industrialization: As urban centers expand and industries grow, the need for cleaning chemicals in high-traffic commercial spaces, offices, and factories is rising, creating new opportunities for market players.
Sustainability Initiatives: The growing preference for eco-friendly and biodegradable cleaning chemicals is shaping the market, with companies innovating to meet consumer demand for greener alternatives that minimize environmental impact.
Technological Advancements: Emerging innovations in cleaning formulations, such as concentrated and multifunctional products, are enabling better performance and efficiency, further propelling market growth.
Trends and Opportunities:
Green Cleaning Products: The trend toward sustainable cleaning solutions is pushing manufacturers to develop eco-friendly, non-toxic chemicals, appealing to environmentally conscious consumers and organizations.
Smart Cleaning Technologies: Automation in cleaning processes, such as robotic cleaning systems, integrated with specialized chemicals, is gaining traction, particularly in large-scale industrial settings.
Regional Growth Opportunities: Developing regions, especially in Asia-Pacific and Latin America, are witnessing increased demand due to rapid industrial growth, urbanization, and the rising adoption of modern hygiene practices.
Hospitality and Healthcare Boom: With the growth of these sectors, especially post-pandemic, there is a rising demand for specialized cleaning chemicals that can maintain high hygiene standards, spurring further market expansion.
Key Takeaways:
Rising hygiene awareness and stringent regulations are driving demand for industrial and institutional cleaning chemicals.
Sustainability initiatives are pushing manufacturers to innovate eco-friendly cleaning solutions.
Technological advancements in cleaning formulations and automation are enhancing market potential.
Developing regions, particularly in Asia-Pacific and Latin America, offer significant growth opportunities.
The hospitality and healthcare sectors continue to be key drivers of demand for specialized cleaning chemicals.
Regional Analysis of the Industrial and Institutional Cleaning Chemical Market
Countries | Value CAGR (2024 to 2034) |
China | 8.9% |
India | 7.7% |
Japan | 7.2% |
Germany | 6.4% |
United States | 5.8% |
Key Players of Industrial and Institutional Cleaning Chemical Industry
Procter & Gamble
BASF SE
Clariant
The Clorox Company, Inc.
Henkel AG & Co. KGaA
3M
Kimberly-Clark Corporation
Reckitt Benckiser Group plc
Croda International PLC
Albemarle Corporation
Eastman Chemical Corporation
Huntsman International LLC
STEPAN Company
Westlake Chemicals Corporation
SOLVAY
Dow
Sasol
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https://www.futuremarketinsights.com/reports/industrial-institutional-cleaning-chemicals-market
Key Segments of Industrial and Institutional Cleaning Chemical Industry
By Raw Material:
In terms of Raw Material, the industry is divided into chlor-alkali, surfactant, solvents, phosphates, biocides, and others. The chlor-alkali segment is further divided into sub segments, as caustic soda, soda ash, and chlorine. The surfactant segment is divided as non-ionic, anionic, cationic, and amphoteric. The solvents segments consists of five sub-segments as alcohols, hydrocarbons, chlorinated, ethers, and others.
By Product Type:
In terms of Product Grade, the industry is divided into general purpose cleaners, disinfectants and sanitizers, laundry care products, vehicle wash products, and others.
By End Use Verticals:
In terms of End Use Verticals, the industry is divided into commercial and manufacturing. Commercial segment is further divided into food services, retail, healthcare, laundry care, institutional buildings and others. The manufacturing segment is divided into food and beverage processing, metal manufacturing and fabrication, electronic components and others.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, and Middle East and Africa (MEA) have been covered in the report.
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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