Industrial Cleaning Chemicals Global Market to Reach $80 Billion by 2030: Stringent Regulations Concerning Hygiene Drives Growth


Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Industrial Cleaning Chemicals: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Industrial Cleaning Chemicals estimated at US$58.6 Billion in the year 2022, is projected to reach a revised size of US$80 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

Surfactants, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$22.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Solvents segment is readjusted to a revised 3.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.9 Billion, While China is Forecast to Grow at 6.1% CAGR

The Industrial Cleaning Chemicals market in the U.S. is estimated at US$16.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18.9 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2030.

Select Competitors (Total 34 Featured) -

  • 3M Company
  • BASF SE
  • Clariant
  • Croda International Plc.
  • Diversey, Inc.
  • Dow, Inc.
  • Ecolab, Inc.
  • Evonik Industries AG
  • Huntsman Corporation
  • Kao Chemicals Europe. S.L.
  • Mitsubishi Chemical Holdings Corporation
  • Neos Company Limited
  • Pilot Chemical Company
  • Quaker Chemical Corporation
  • Solvay S.A.
  • Spartan Chemical Co., Inc.
  • Stepan Company
  • WVT Industries N.V. (Belgium).

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages475
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$58.6 Billion
Forecasted Market Value (USD) by 2030$80 Billion
Compound Annual Growth Rate4.0%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Industrial Cleaning: An Introduction
  • A Prelude to Key Ingredients of Industrial Cleaning Products
  • Chelating Agents
  • Solvents
  • Surfactants
  • pH Regulators
  • Industrial Cleaning: Macro Industry Overview
  • Outlook
  • Widespread Opportunities in Manufacturing, Commercial, Healthcare, and Retail & Food Service Sectors
  • Surfactants Hold Dominant Share
  • Regional Landscape
  • Asia-Pacific Evolves as Most Important Market
  • Developed Regions Continue to Offer Robust Opportunities
  • Industrial Cleaning Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
  • Industrial Cleaning Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Industrial Cleaning Products: Protecting Businesses, and Enhancing Resource Efficiency
  • Stringent Regulations Concerning Hygiene Drives Growth in the Market
  • Cleaning Management Institute (CMI) - Professional Cleaning Industry's Leading Certification Provider
  • Cleaning Industry Management Standard (CIMS)
  • The ISSA Clean Standards
  • State of the Manufacturing Industry Lays Foundation for Industrial Cleaners Growth
  • Global Industrial Cleaning Services Market (2019): Percentage Breakdown of Revenues by Segment
  • Global Industrial Floor Cleaner Market (2019): Percentage Breakdown of Revenues by Segment
  • Industry 4.0 Set to Accelerate Market Adoption
  • Food Services Sector Continues to Generate Steady Demand
  • High Demand in Healthcare Facilities Strengthens Market Prospects
  • Northbound Trajectory in Healthcare Spending Lends Traction to Market Growth
  • Vital Role of Green Cleaning Solutions in Hospitality Industry
  • Cleaning Ensures Increase of Product Lifetime within Electronics Manufacturing Industry
  • Residues Adversely Impact Reliability and Operation of Electronic Device
  • Cleaning Process a Must, Despite Advances in Novel Technologies
  • With Eco-Friendly Fad Gathering Pace, Electronic Manufactures Turn to Safer Alternatives
  • Rise in Demand for High-Performance Products
  • Enactment of Stringent Environmental Regulations Fuels Demand for Green Chemicals
  • Green Cleaning Products Display Impressive Growth
  • Cost-Effective Products Gain Demand
  • Sophisticated Cleaning Technologies Enter the Fray
  • Trends Impacting Commercial Cleaning Industry
  • Robots and Digital Machines Bring About a Paradigm Shift
  • Automation and Smart Applications Revolutionize the Industry
  • Adoption of Safe Sanitary Practices Eliminates Spread of Harmful Bacteria
  • An Overview of Cost and Opportunity Indicators Impacting Cleaning Franchise Businesses
  • Challenges Facing the Cleaning Industry
  • Green Cleaning Products: Are they Safe for Real?
  • Highly Competitive Cleaning Solution Providers Present Challenges for the Sector
  • Innovations and Advancements
  • A Glance at Early and Modern Cleaning Innovations
  • Innovative Technologies and Approaches in the Cleaning Industry
  • Rapid Advancements in Cleaning Technology Positively Impacting the Industry
  • Green Cleaning: An Important Trend
  • Environmentally Friendly and Green Commercial Cleaning Innovations
  • Evolving IoT, Robotics and AI Technologies Pep Up the Industrial Cleaning Market
  • Disruptive Cleaning Products - Result of Legislations?
  • Select Equipment and Products for Industrial Cleaning Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/af31gm

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Global Market for Industrial Cleaning Chemicals

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