The global Industrial And Institutional Cleaning Chemicals Market size is expected to reach USD 128.0 billion by 2030, registering a CAGR of 8.0% according to a new report by Grand View Research, Inc. The growth is majorly driven by demand from the healthcare sector and the requirement for cleaning and disinfectants by manufacturing facilities worldwide.
Piling
demand for plant oil-based cleaning chemicals and disinfects from the
household, commercial, and various public spaces are also expected to boost the
market growth. In the wake of pandemics and various other infectious diseases,
the product market has achieved inclined growth over the recent years. As the
awareness about the importance of disinfecting and chemical cleaning is
increasing, the market is expected to show progression.
The
advancement and expansion in the chemicals industry have directly impacted the
market positively. The requirement for chemicals as both cleaners and
disinfectants has led to growth in general-purpose cleaners. Furthermore,
R&D in the chemicals industry has also led to the development of industrial
& institutional cleaning chemicals.
The
COVID-19 pandemic has positively impacted the market. Amidst the global
pandemic, the demand for sanitizers and disinfected surged, owing to the fright
of the spreading of infection. Even the authorities and various healthcare
institutions, including WHO, are promoting the utilization of disinfectants and
sanitizers for the protection and prevention of COVID-19, which is anticipated
to further augment the product demand on a global scale.
Related Press
Release@ Industrial And Institutional Cleaning Chemicals Market Report
Industrial And Institutional Cleaning Chemicals Market
Report Highlights
- Asia Pacific
is expected to witness a positive CAGR of 8.0% in terms of revenue from
2022 to 2030. This is attributable to the rising demand for manufacturing
units in various industries
- The solvent
segment is expected to have a CAGR of 7.9% in terms of revenue during the
forecast period. This is due to the popularity of solvent-based cleaners
among various industries, owing to their good solvency for oils &
greases and high compatibility with water
- The
disinfectants and sanitizers segment is anticipated to a CAGR of 8.0% in
terms of revenue from 2022 to 2030 due to the pandemic and increasing
awareness of the people for the importance of the use of disinfectants and
sanitizers
List of Key Players in the Industrial And Institutional
Cleaning Chemicals Market
- 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
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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