The global industrial cleaning chemicals market size is estimated to grow from USD 46.8 billion in 2019 to USD 58.2 billion by 2024, at a CAGR of 4.5%

New York, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Industrial Cleaning Market by Ingredient Type, Product Type, Application, Region - Global Forecast to 2024" - https://www.reportlinker.com/p03686459/?utm_source=GNW


The manufacturing sector requires regular cleaning to keep the workplace hygienic and safe.Also, machinery cleaning is required regularly to prevent it from early wear & tear and to increase its product life.

Similarly, in the healthcare sector, cleaning of surgical, aesthetic, and examining equipment, catheters & tubes, and other instruments is required to keep them hygienic.Hospitality and retail are the sectors where there is direct client interaction, and therefore these industries are very focused on ensuring cleanliness.

All these factors contribute to the growth of the industrial cleaning chemicals market.

The rising awareness regarding workplace hygiene will be a major driver for the demand for industrial cleaning chemicals in the future.In developed regions, cleaning regulations are very stringent.

Moreover, developing economies are focusing more on cleanliness and hygiene through different initiatives; for instance, “Swachh Bharat” by the government in India. Hence, all these factors are expected to drive the industrial cleaning chemicals market between 2019 and 2024.

Healthcare to be the fastest-growing segment of the industrial cleaning chemicals market, in terms of value, between 2019 and 2024.
The healthcare segment is expected to witness the highest growth in terms of value during the forecast period. Increasing health concerns and heavy investment in the healthcare sector in the recent past are the major reasons for the growth of the healthcare sector in developing economies such as India and China.
The US and Canada are the major contributors to global healthcare expenditure.The awareness regarding hygiene and cleanliness is very high in North America.

Additionally, the high disposable income of the population in the US and high standard of living are supporting the growth of the industrial cleaning chemicals market in the healthcare application.

Surfactants is estimated to account for the largest share of the overall industrial cleaning chemicals industry, in terms of value, between 2019 and 2024.
Surfactants is the largest ingredient type of industrial cleaning chemicals due to their increasing demand from various applications.The increased awareness regarding hygiene and demand for germ-free, dirt-free, and clean working space is driving the use of surfactants.

North America and Europe are mature markets. On the other hand, the market in APAC and the Middle East & Africa is growing because of the rapid industrial growth in these regions.

General cleaners is the largest product type in the overall industrial cleaning chemicals market in terms of value.

The consumption of general cleaners is very high in the market.This is mainly due to its consumption in almost every industry.

General cleaners include sub-types such as floor care and carpet care. Cleaning of floor and carpet is very common in every industry, which drives the consumption of general cleaners in the industrial cleaning chemicals market.

Rapid industrialization in APAC to drive the demand for industrial cleaning chemicals.
APAC industrial cleaning chemicals industry is estimated to be the largest during the forecast period.This is mainly due to the well-established manufacturing industry.

The major industrial cleaning chemical markets in APAC are China, Japan, India, Australia, and South Korea. China is the major hub for manufacturing activities globally and is also one of the largest producers of automobiles.
In addition, China is the most populous country in the world, which has resulted in the growth of institutional facilities such as hotels, hospitals, and laundry cleaning, which are also among the largest applications of industrial cleaning chemicals. Moreover, countries such as India and South Korea are also witnessing significant growth rates on account of the growing industrial activities in the region
• By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
• By Designation: C-Level - 46%, Director Level - 27%, and Others - 27%
• By Region: North America - 33%, Europe - 27%, APAC - 27%, South America - 7%, Middle East & Africa - 6%,

The key players profiled in the report include Diversey Inc. (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), BASF SE (Germany), Clariant (Switzerland), Stepan Company (US), Ecolab (US), Solvay (Belgium), Spartan Chemical Company (US), and Croda International Plc. (UK).

Research Coverage
This report segments the market for industrial cleaning chemicals based on ingredient type, product type, application, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, and key strategies associated with the market for industrial cleaning chemicals.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape; emerging and high-growth segments of the industrial cleaning chemicals market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights into the following pointers:
• Market Penetration: Comprehensive information on industrial cleaning chemicals offered by top players in the global market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for industrial cleaning chemicals across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global industrial cleaning chemicals market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the industrial cleaning chemicals market
Read the full report: https://www.reportlinker.com/p03686459/?utm_source=GNW

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