Surface Cleaning Products Market to Account for Revenues Worth US$ 20,000 Mn by 2022-end

Fact.MR’s recently published report estimates growth of the global surface cleaning products market to remain slack over the forecast 2017 to 2022. The global surface cleaning products market is anticipated to account for revenues worth over US$ 20,000 Mn by 2022-end.

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In underdeveloped countries, cost of surface cleaning products is of primary importance, as the population thriving in these countries have low disposable incomes and people cannot afford to spend much on these products. This factor is expected to significantly impact growth of the market. Leading manufacturers are now developing cost-efficient products to increase their presence in these regions.

Strict regulations imposed by the government pertaining to utilization of cleaning agents, owing to the presence of environment-abusive chemicals are further expected to hinder demand for surface cleaning products. In order to overcome, these challenges, the manufacturers are now focusing on technological innovations, and investing in research & development activities, in order to offer novel products that are eco-friendly and user-friendly. These factors are expected to impact growth of the global market for surface cleaning products over the forecast period.

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8 Key Projections for the Global Surface Cleaning Products Market

• With more than half share of the market in terms of revenues, liquid surface cleaning products will continue to be sought-after among consumers across the globe.
• Sales of wipes and liquid surface cleaning products are estimated to register a parallel expansion through 2022.
• In terms of revenues, grocery stores will remain dominant in the global surface cleaning products market, based on distribution channels. However, sales of surface cleaning products in grocery stores are expected to exhibit the lowest CAGR over the forecast period.
• Sales of surface cleaning products in e-commerce distribution channel are projected to register the highest CAGR through 2022.
• By packaging format, bottles will remain preferred among consumers in the global market, with revenues account for over half share of the market throughout the forecast period.

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• Pouch is expected to be the second most lucrative packaging format type of surface cleaning products.
• Europe is expected to retain its dominance in the global surface cleaning products market, closely followed by North America.
• The markets in Middle East & Africa (MEA), and North America will continue to register similar CAGRs through 2022, North America being a more lucrative region for the market than MEA.

The report has also profiled leading manufacturers of surface cleaning products, which include companies such as Henkel, Reckitt Benckiser, S.C Johnson & Son Inc., Unilever plc, Bombril, Clorox, Dabur, Dainihon Jochugiku, Ecover, Kao, Kobayashi Pharmaceutical, Nice Group, and The Procter & Gamble Co.

Chapter 1 – Executive Summary
The report starts with a brief overview of the surface cleaning products market that covers the essence of its dynamics. It also offers succinct and useful insight into the overall prospects of the surface cleaning products market. The section takes a closer look at the prevailing evolutionary trends of the surface cleaning products market. It also shed slight on prominent opportunities and emerging avenues in the surface cleaning products market.

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Chapter 2 – Surface Cleaning Products Market Overview
The second chapter offers an elaborate assessment of the various growth trajectories in the surface cleaning products market. This section defines the surface cleaning products market and also states its taxonomy. The report presents insights into the overall market share and size.

Chapter 3 - Product Types Assessment and Forecasts in Surface Cleaning Products Market
This section covers figures on the revenue and the market share of various segments surface cleaning products in different regions. It also offers insights into Y-o-Y growth figures during the assessment period of 2012–2022. The various types of surface cleaning products analyzed in this section are liquid, powder, wipes, and a category of other products.

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This release was published on openPR.