USD 66.69 billion
Industrial & Institutional Cleaning Chemicals Market Size, Share, Growth Analysis, By Product Type(General cleaners, Disinfectant, sanitizers, and others), By Application(Commercial, industrial, institutional and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2420 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
72
Industrial & Institutional Cleaning Chemicals Market Insights
Industrial & Institutional Cleaning Chemicals Market size was valued at USD 66.69 billion in 2021 and is poised to grow from USD 71.56 billion in 2022 to USD 125.45 billion by 2030, at a CAGR of 7.41% during the forecast period (2023-2030).
Industrial & Institutional Cleaning Chemicals are becoming popular since It Offers several advantages such as effective cleaning, cost-effectiveness, time-saving, customizable safety, and hygiene. Industrial and institutional cleaning chemicals are specifically designed to remove stubborn stains, dirt, and grime from various surfaces and equipment in industrial and commercial settings. These cleaning chemicals have a unique formulation that effectively breaks down the buildup of dirt and grime, making the cleaning process faster and more efficient.
Moreover, these chemicals are specialized for cleaning various surfaces and equipment, such as floors, walls, machinery, and vehicles, and they can easily remove even the toughest stains and contaminants. This not only ensures a cleaner and safer working environment but also helps to maintain the quality and longevity of the equipment and surfaces being cleaned. A vast range of cleaning chemicals is accessible in the market, with each type formulated to cater to specific cleaning needs and surfaces. These chemicals are specifically designed for various industrial and institutional cleaning applications, such as removing dirt, grime, and stains from floors, walls, and equipment. The availability of various cleaning chemicals enables facilities to tailor their cleaning solutions to specific needs, ensuring effective cleaning and maintenance of their premises. This customization of cleaning solutions also helps in enhancing the longevity of equipment and surfaces by ensuring their proper maintenance and cleanliness.
The market offers a diverse range of cleaning chemicals, each catering to specific surfaces and cleaning requirements. This wide range enables customization and tailoring of cleaning solutions to meet specific needs and applications, ensuring optimal cleaning efficacy.
US Industrial & Institutional Cleaning Chemicals Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial.
Fastest Growth
Healthcare.
Growth Rate
7.41% CAGR
Global Industrial & Institutional Cleaning Chemicals Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Industrial & Institutional Cleaning Chemicals Market Segmental Analysis
Global Industrial & Institutional Cleaning Chemicals market is segmented on the basis of Product type, application, and region. By Product type, the market is segmented into General cleaners, Disinfectant and sanitizer, Specialty cleaners, and others. By Application, the market is segmented into Commercial, Industrial, Institutional, and others. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Industrial & Institutional Cleaning Chemicals Market Analysis by Application
The commercial segment dominates the industrial and institutional cleaning chemicals market in terms of application, as commercial spaces such as offices, hotels, and public facilities require regular cleaning to maintain hygiene and cleanliness.
However, the fastest-growing segment is the healthcare industry, which requires highly specialized and effective cleaning chemicals to prevent the spread of infections and diseases.
Global Industrial & Institutional Cleaning Chemicals Market By Application 2021 (%)
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Industrial & Institutional Cleaning Chemicals Market Regional Insights
The industrial and institutional cleaning chemical market is dominated by North America, which holds the largest market share due to the high demand for cleaning products in developed economies in the region. The United States is the largest market for industrial and institutional cleaning chemicals in North America, with growth driven by a robust manufacturing sector and stringent regulatory policies on workplace cleanliness and hygiene.
Meanwhile, the Asia-Pacific region is expected to experience the fastest growth in the industrial and institutional cleaning chemical market. The rapid industrialization and urbanization in emerging economies such as China and India are driving the demand for cleaning chemicals and related products, particularly in the manufacturing, healthcare, and hospitality industries. The growing adoption of Western-style hygiene practices and the increasing awareness of the benefits of maintaining clean and hygienic workplaces are also fueling the demand for cleaning products in this region.
Global Industrial & Institutional Cleaning Chemicals Market By Geography, 2021-2030
- Largest
- Fastest
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Industrial & Institutional Cleaning Chemicals Market Dynamics
Industrial & Institutional Cleaning Chemicals Market Drivers
Government Regulations to Bolster Market Growth
- The demand for cleaning chemicals that comply with stringent government regulations and guidelines on cleanliness and hygiene in both public and private spaces is on the rise. This is driving the growth of the institutional and industrial cleaning chemicals market as manufacturers are developing and supplying products that meet these standards to cater to the growing demand.
Industrial & Institutional Cleaning Chemicals Market Restraints
Increasing Cost of Raw Materials to Hinder Market Growth
- The industrial and institutional cleaning chemicals market is facing a significant restraint in the form of rising costs of raw materials. This is mainly due to the increasing costs of petroleum-based products and rare earth metals, which are key raw materials used in the production of these chemicals. As a result, manufacturers are experiencing higher production costs, which are ultimately passed on to the customers in the form of higher prices. This pricing pressure can potentially hinder the growth of the market as customers may look for alternative, more affordable solutions.
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Industrial & Institutional Cleaning Chemicals Market Competitive Landscape
In the institutional and industrial cleaning chemical market, multiple leading companies are contending for a share of the market by offering a range of cleaning products, equipment, and services. The rising demand for environmentally-friendly and sustainable cleaning solutions is a significant driver of competition in this market. As a result, many companies are investing in research and development to develop innovative and effective products that meet this demand. Furthermore, the need for cost-effective cleaning solutions is another driving force behind competition in this market. To meet this need, companies are developing new cleaning technologies and products that deliver high-quality results at a reasonable cost. Additionally, competition in this market is influenced by customer service, distribution channels, and brand recognition. Companies that offer exceptional customer service, efficient distribution networks, and strong brand recognition are more likely to thrive in this fiercely competitive market.
Industrial & Institutional Cleaning Chemicals Market Top Player’s Company Profiles
- 3M Company
- Dow Chemical Company
- Huntsman Corporation
- Johnson Controls Inc.
- Air Products and Chemicals Inc.
- Henkel AG & Co. KGaA
- Procter & Gamble Co.
- Akzo Nobel N.V.
- Solvay S.A.
- Evonik Industries AG
- S.C. Johnson & Son Inc.
- Stepan Company
- Croda International Plc
- Unilever Group.
Industrial & Institutional Cleaning Chemicals Market Recent Developments
- In March 2021, LANXESS, a company that specializes in chemicals, announced the successful acquisition of INTACE SAS, a French-based biocide company. The newly acquired company is known for producing specialty fungicides for the packaging industry. Although the purchase price was not disclosed, both companies have agreed to the terms of the acquisition.
Industrial & Institutional Cleaning Chemicals Key Market Trends
- One of the current trends in the industrial and institutional cleaning chemical market is the emergence of multifunctional cleaning products. These products have the ability to perform multiple cleaning tasks with a single product, which simplifies cleaning processes and reduces the number of products needed. This trend is being driven by a desire to enhance efficiency and reduce the complexity associated with cleaning processes.
Industrial & Institutional Cleaning Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
After conducting an analysis of the global Industrial & Institutional Cleaning Chemicals market, we anticipate substantial growth during the forecast period due to the range of advantages it offers. These benefits include effective cleaning, cost-effectiveness, time-saving, customizable safety, hygiene, and a growing market. The demand for cleaning chemicals that conform to stringent government regulations and guidelines on cleanliness and hygiene in both public and private spaces is increasing. This is driving the expansion of the institutional and industrial cleaning chemicals market.
However, the market is currently encountering a significant constraint in the form of rising raw material costs. This is primarily due to the escalating costs of petroleum-based products and rare earth metals, which are key raw materials used in the production of these chemicals.
However, the market is currently encountering a significant constraint in the form of rising raw material costs. This is primarily due to the escalating costs of petroleum-based products and rare earth metals, which are key raw materials used in the production of these chemicals.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 66.69 billion |
| Market size value in 2031 | USD 125.45 billion |
| Growth Rate | 7.41% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial & Institutional Cleaning Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial & Institutional Cleaning Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial & Institutional Cleaning Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial & Institutional Cleaning Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial & Institutional Cleaning Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial & Institutional Cleaning Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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