a
Industrial Cleaning Chemicals Market size is anticipated to surpass USD 150 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of industrial cleaning chemicals was around USD 50 Billion. The global expansion of the food and beverage industry is one of the main drivers fueling the growth, combined with the rising usage of cleaning chemicals for the aim of disease prevention.
Additionally, one of the factors boosting the market for industrial cleaning chemicals is thought to be the swift industrial development of emerging nations. According to the International Monetary Fund, emerging nations' industrial growth increased by 6% annually.
Additionally, industrial cleaning chemicals are used as enzymes for detergent products chemical. Using enzymes that have high performance in low concentration in compact cleaning products, is a substitute method of replacing phosphates. Enzymes are used in detergent products for applications such as washing dishes, professional cleaning in the medical sector, floor cleaning, and ware washing applications.
|
Base Year |
2022 |
|
Forecast Year |
2023 – 2035 |
|
CAGR |
~5% |
|
Base Year Market Size (2022) |
~USD 50 billion |
|
Forecast Year Market Size (2035) |
~USD 150 billion |
|
Regional Scope |
|
Growth Drivers
Additionally, building new facilities and outlets encourages environmental cleanliness to avert illnesses linked to healthcare. Thus, it is predicted that these elements will fuel industrial cleaning chemicals market expansion. According to the data, the global market for personal hygiene generated USD 62 billion in revenue in 2021.
Challenges
End-user (Automotive, Transportation, Food Processing, Agriculture, Oil & Gas, Healthcare)
The healthcare segment would experience the market's fastest expansion due to increased demand for high-performance cleaning chemicals and rising healthcare spending globally. According to estimates, the rising number of hospitals and the high consumption of cleaning products in the healthcare industry will propel market expansion. According to a UNICEF assessment, eight out of ten individuals would have access to proper sanitary facilities by 2020.
Ingredient (Solvents, Phosphates, Surfactants, Ph Regulators)
Surfactant segment is anticipated to account for the greatest market share of 50% during the projection. A chemical substance known as a surfactant alters the properties of water by merely lowering its surface tension. It quickly allows cleaning agents to penetrate wet surfaces, making it simple to loosen and remove grime. Surfactants are widely regarded as the primary component of all cleaning products.
Our in-depth analysis of the global market includes the following segments:
|
By Product Type |
|
|
By Ingredient Type |
|
|
By Application Type |
|
|
By End User |
|
North American Market Forecast
On the strength of growing awareness regarding hygienic surroundings and an increase in hospital buildings, the industrial cleaning chemicals market in North America is predicted to dominate with a revenue share of 35%. Market expansion is anticipated to be fueled by favorable government efforts along with the expanding industrial cleaning sector for the upkeep of public spaces and clean operations. The United States is listed among the top cities in the world for cleanliness by the WHO. The market for industrial cleaning chemicals has been growing recently, and it is anticipated to continue to do so over the next five years due to the region's significant industrial boom.
APAC Market Statistics
Due to the growing urban population and rising consumer spending power for industrial cleaning applications, the Asia Pacific region is predicted to hold the greatest share of the industrial cleaning chemicals market. Additionally, the spike in demand for industrial cleaning chemicals in sectors like manufacturing and food & beverages will further fuel market expansion during the anticipated decade. The rapidly developing new business arrangements in the region are projected to present substantial growth prospects for manufacturers of industrial and institutional cleaning products.
Author Credits: Smruti Ranjan, Rajrani Baghel
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?