IMARC Group, a leading market research company, has recently releases report titledIndustrial and Institutional Cleaning Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global industrial and institutional cleaning chemicals marketsize, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the industrial and institutional cleaning chemicals market?
The global industrial and institutional cleaning chemicals market size reached US$ 60.1 Billion in2022. Looking forward, IMARC Group expects the market to reach US$ 78.7 Billion by2028, exhibiting a growth rate (CAGR) of 4.30% during2023-2028.
What are Industrial and Institutional Cleaning Chemicals?
Industrial and institutional cleaning chemicals refer to a specialized category of cleaning agents specifically formulated for use in various industrial and institutional settings. These settings may include manufacturing plants, healthcare facilities, educational institutions, food and beverage processing units, and public spaces. These chemicals are engineered to meet the stringent hygiene and sanitation requirements of these environments and are effective in cleaning, disinfecting, and sanitizing surfaces, machinery, and equipment. The range of chemicals may include detergents, disinfectants, sanitizers, degreasers, and other specialized cleaning agents. They are designed to tackle a wide array of contaminants such as grease, microbial buildup, and chemical residues, thereby ensuring a clean and safe environment.
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What are the growth prospects and trends in the institutional cleaning chemicals industry?
The increasing awareness of the importance of hygiene, especially in healthcare, educational, and food processing sectors, represents one of the key factors driving the growth of the market across the globe. Stringent health and safety regulations mandate the use of effective cleaning and sanitizing agents in industrial and institutional settings, which is boosting the market. Improved formulations and chemical compositions, which offer better cleaning and lower environmental impact, attract a broad range of users. The growing trend towards eco-friendly products is encouraging the development of green cleaning chemicals, which is broadening the market scope. Expansion in industries, such as manufacturing, pharmaceuticals, and hospitality also drives the demand for high-quality cleaning chemicals to maintain operational environments. The growing preference for multipurpose and easy-to-use cleaning agents is leading to innovations in product offerings. The rise in outsourcing of cleaning services also boosts the demand for industrial and institutional cleaning chemicals, as these services primarily rely on such products.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- General Purpose Cleaners
- Disinfectants and Sanitizers
- Laundry Care Products
- Vehicle Wash Products
Breakup by Raw Material:
- Chlor-Alkali
- Surfactant
- Phosphates
- Biocides
- Others
Breakup by End Use:
- Commercial
- Industrial
- Institutional
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- BASF SE
- Clariant AG
- Croda International Plc
- Dow Inc.
- Eastman Chemical Company
- Henkel AG Co. KGaA
- Lanxess AG
- Sasol Limited
- Solvay
- STEPAN Company
- The Procter Gamble Company
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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