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Industrial Cleaning Chemicals Global Market to Reach $80 Billion by 2030: Stringent Regulations Concerning Hygiene Drives Growth
Global Market for Industrial Cleaning Chemicals
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 Attribute | Details |
No. of Pages | 475 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $58.6 Billion |
Forecasted Market Value (USD) by 2030 | $80 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
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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