Global Industrial and Institutional Cleaning Chemicals Market
Global Industrial and Institutional Cleaning Chemicals Market size was valued at US$ 47.21 Bn in 2019 and the total revenue is expected to grow at 4.2% through 2020 to 2026, reaching nearly US$ 68.12 Bn.
The global Industrial and Institutional Cleaning Chemicals market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Industrial and Institutional Cleaning Chemicals report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Industrial and Institutional Cleaning Chemicals Market Overview:
Industrial and institutional cleaning chemicals are cleaning chemicals that are widely utilized for cleaning purposes including removing dust, stains, bad odors, and clutter on surfaces and in various industries like warehouses, research & development laboratories, pharmaceutical, residential areas, institutes, offices, and other industries.
Global Industrial and Institutional Cleaning Chemicals Market Dynamics:
Healthcare-Associated Infections (HAI) devices used in the medical practice are highly disposed to severe infection if not disinfected properly is driving the industrial & institutional cleaning chemicals market growth. This is because of the rising visit of patients in the hospital attributed to major injuries. By the study of the European Centre for Disease Prevention and Control (ECDC), over 4,100,000 patients acquire a healthcare-associated infection in the European Union.
Increasing hygiene and health awareness among peoples are expected to grow the market during the forecast period. With the introduction of new viruses and bacteria globally, various governments, FDA, European Health Department, among others are investing more in the development of industrial & institutional cleaning chemicals. In addition, increasing consumer awareness towards this infection caused by virus and bacteria are supporting the market growth.
Stringent government regulation for the usage of cleaning chemicals, because it has a negative impact on the environment, is the major factor restraining the market growth. Increasing labor cost for applying cleaning chemicals is expected to hider the industrial & institutional cleaning chemicals market growth during the forecast period.
Increasing aesthetics and fragrance cleaning products demand in various industries is expected to boost the market growth. End-users are improving polymers and chemicals that add fragrances to the cleaning chemicals is expected to create new opportunities for the market. The low entry barrier of new industries in the industrial & institutional cleaning chemicals market is expected to grow the market during the forecast period.
Global Industrial and Institutional Cleaning Chemicals Market Segment Analysis:
By Type, the industrial and institutional cleaning chemicals market is segmented into General Purpose Cleaners, Floor, Care, Warewashing, Disinfectant & Sanitizer, Laundry Care, and Others. The general-purpose cleaners segment is held the largest market share in 2019. This growth is attributed to its wide applications for degreasing, metal cleaning, and sanitation application. Moreover, low cost and efficient cleaning existing by general-purpose cleaners boost segment demand.
By End-User, the market is segmented into Commercial, Manufacturing, Institutional & Government. The commercial segment is likely to hold a major share in the market during the forecast period. Development in hygiene standards in emerging economies coupled with rising awareness about sanitation because of the COVID-19 pandemic is expected to drive the market.
Global Industrial and Institutional Cleaning Chemicals Market
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Global Industrial and Institutional Cleaning Chemicals Market
Global Industrial and Institutional Cleaning Chemicals Market Regional Insights:
North America is expected to dominate the Global Industrial and Institutional Cleaning Chemicals Market
North America held the largest market share of more than 34.9 in 2019 in terms of value. Rising hospital construction and high awareness among the population, about the importance of a hygienic environment, are the key factors driving the industrial and institutional cleaning chemicals market growth. For example, Georgia approved a USD 1.5 billion hospital project, for Children Healthcare of Atlanta, which includes the 325-bed children’s hospital in Atlanta having 446 beds.
The construction of new hospitals is expected to start in 2020. The high growth of the U.S. industrial cleaning sector, along with government initiatives and guiding policies, are contributing to the market growth. Growing pollution and public concerns regarding cleaning and hygiene maintenance in public places are is expected to propel the industrial and institutional cleaning chemicals market growth during the forecast period thanks to government regulations about clean operations and energy efficiency in the industrial segment.
Global Industrial and Institutional Cleaning Chemicals Market
The objective of the report is to present a comprehensive analysis of the Global Industrial and Institutional Cleaning Chemicals market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Industrial and Institutional Cleaning Chemicals market dynamics, structure by analyzing the market segments and project the Global Industrial and Institutional Cleaning Chemicals market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial and Institutional Cleaning Chemicals market make the report investor’s guide.
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Global Industrial and Institutional Cleaning Chemicals Market
Global Industrial and Institutional Cleaning Chemicals Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Industrial and Institutional Cleaning Chemicals Market Key Players
• BASF SE
• AkzoNobel N.V.
• Henkel AG & Co. KGaA
• Solvay SA
• 3M
• Clariant
• Huntsman Corporation
• Eastman Chemical Company
• Lonza Group Limited
• Procter & Gamble Co.
• Croda International Plc.
• The Dow Chemical Company
• Betco Corporation
• Sealed Air Corporation
• Ecolab Inc.
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