Industrial & Institutional Cleaning Chemicals Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Industrial & Institutional Cleaning Chemicals Market Growth & Trends

The global industrial & institutional cleaning chemicals market size is expected to reach USD 125.7 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.3%, 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.

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Industrial & 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

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Industrial & Institutional Cleaning Chemicals Market Segmentation

Grand View Research has segmented the global industrial & institutional cleaning chemicals market report based on raw material, product, end-use, and region:

Industrial & Institutional Cleaning Chemicals Raw Material Outlook (Revenue, USD Million; 2018 - 2030)

• Chlor-alkali
  • Caustic Soda
  • Soda Ash
  • Chlorine
• Surfactant
  • Nonionic
  • Anionic
  • Cationic
  • Amphoteric
• Solvents
  • Alcohols
  • Hydrocarbons
  • Chlorinated
  • Ethers
  • Others
• Phosphates
• Biocides
• Others

Industrial & Institutional Cleaning Chemicals Product Outlook (Revenue, USD Million; 2018 - 2030)

• General Purpose Cleaners
• Disinfectants And Sanitizers
• Laundry Care Products
• Vehicle Wash Products
• Others

Industrial & Institutional Cleaning Chemicals End-Use Outlook (Revenue, USD Million; 2018 - 2030)

• Commercial
  • Food Service
  • Retail
  • Healthcare
  • Laundry Care
  • Institutional Buildings
  • Others
• Manufacturing
  • Food & Beverage Processing
  • Metal Manufacturing & Fabrication
  • Electronic Components
  • Others

Industrial & Institutional Cleaning Chemicals Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players in the Global Industrial & 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 Grand View Research

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.