Global Industrial Cleaning Chemicals Market Report 2022: Amid the COVID-19 Pandemic, the Market to Reach a Revised $69.7 Billion by 2027
Global Market for Industrial Cleaning Chemicals
Dublin, June 10, 2022 (GLOBE NEWSWIRE) -- The "Industrial Cleaning Chemicals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Cleaning Chemicals Market to Reach $69.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Cleaning Chemicals estimated at US$53.6 Billion in the year 2020, is projected to reach a revised size of US$69.7 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027.
Surfactants, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$19.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solvents segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.7 Billion, While China is Forecast to Grow at 6.1% CAGR
The Industrial Cleaning Chemicals market in the U.S. is estimated at US$15.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.5 Billion by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
Chelating Agents Segment to Record 4.2% CAGR
In the global Chelating Agents segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.6 Billion in the year 2020 will reach a projected size of US$11.3 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5 Billion by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period.
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
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS (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).
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. REGIONAL MARKET ANALYSIS
UNITED STATES
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
Active Players in United States
US Janitorial & Housekeeping Cleaning Market (2019): Percentage Breakdown of Revenues by End-Use Segment
US Sanitation & Janitorial Cleaners Market (2019): Percentage Breakdown of Revenues by Product Segment
Positive Economic Outlook and Demand from Various Applications Drive Market Growth
Chemical-free Cleaning Solutions Gains Traction
Stringent Sanitizing Rules Drive Demand in the Healthcare Sector
Food Service Industry Offers Huge Market Opportunities
Favorable Regulatory Environment Augurs Well for Market Adoption
Market Analytics
CANADA
Active Players in Canada
JAPAN
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Active Players in Japan
A Mature Industrial Cleaning Products Market
Major Challenges in Food Processing and Service Industries
Market Analytics
CHINA
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
Active Players in China
Burgeoning Manufacturing & Industrial Sectors Drive Market Adoption
Rising Importance of Cleanliness & Sanitation in Industrial Environments to Aid Growth
Market Analytics
EUROPE
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Food & Drinks Processing Industry
Heightened Hygiene Standards Sustain Growth in the European Market
Market Analytics
FRANCE
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
Active Players in France
GERMANY
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Active Players in Germany
ITALY
Active Players in Italy
UNITED KINGDOM
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
Active Players in United Kingdom
SPAIN
Active Players in Spain
RUSSIA
Active Players in Russia
REST OF EUROPE
Active Players in Rest of Europe
ASIA-PACIFIC
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Developing Countries Offer Significant Prospects
Surge in Investments on Healthcare Infrastructure to Spur Growth
Thriving Food & Beverage Sector Supports Market Expansion
Market Analytics
AUSTRALIA
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
Active Players in Australia
Australian Industrial Cleaning Products Market (2019): Percentage Breakdown of Revenues for Select Leading Players
Market Analytics
INDIA
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
Active Players in India
Growing Awareness about Hygiene Drives Strong Market Growth
Commercial Sector Dominates Demand
Changing Face of the Indian Cleaning Industry
Indian Industrial Cleaning Equipment Market (2019): Percentage Breakdown of Revenues by Type
Market Analytics
SOUTH KOREA
Active Players in South Korea
REST OF ASIA-PACIFIC
Active Players in Rest of Asia-Pacific
LATIN AMERICA
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINA
Active Players in Argentina
BRAZIL
Active Players in Brazil
MEXICO
Active Players in Mexico
REST OF LATIN AMERICA
Active Players in Rest of Latin America
MIDDLE EAST
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRAN
Active Players in Iran
ISRAEL
Active Players in Israel
SAUDI ARABIA
Active Players in Saudi Arabia
UNITED ARAB EMIRATES
Active Players in United Arab Emirates
REST OF MIDDLE EAST
Active Players in Rest of Middle East
AFRICA
Industrial Cleaning Chemicals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
Active Players in Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/klp0fx
Attachment
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