Press release
Industrial and Institutional Cleaning Chemicals Market Growth, Trends, Absolute Opportunity and Value Chain 2015 - 2025
Growing concerns about the healthcare associated infections is anticipated to fuel the global industrial and institutional cleaning chemicals market. Industrial and institutional cleaning chemicals are available in various forms such as ready to use liquids, concentrates that need to be diluted, blocks and powders. The cleaning chemicals prevent the spread of micro-organisms and bacteria. These cleaning chemicals find a wide range of application in the healthcare sector, hotels, offices and many more. The growing manufacturing sector is expected to benefit the global industrial and institutional cleaning chemicals market particularly in the developing countries. The increasing use of disinfectants and sanitizers owing to the changing lifestyle of people is expected to fuel the global industrial and institutional cleaning chemicals in the upcoming years. Moreover, the global industrial and institutional cleaning chemicals market is mature and is anticipated to witness a moderate single digit growth in the forecast period.
Industrial and Institutional Cleaning Chemicals market: Drivers and restraints
The growing healthcare sector is anticipated to fuel the demand for industrial and institutional cleaning chemicals in the upcoming years. Moreover, the growing construction sector is also anticipated to boost the demand for industrial and institutional cleaning chemicals in the forecast period. The growing industrialization in the emerging markets is projected to contribute to the growth of the global industrial and institutional cleaning chemicals market in the near future. The growing food and beverage industry is also anticipated to be a major demand driver for the global industrial and institutional cleaning chemicals market in the upcoming years.
The shift of trend towards to use of chemicals free from volatile organic solvents is expected to restrain the growth of global industrial and institutional cleaning chemicals market in the near future. Stringent regulations pertaining to the use of chemicals with volatile organic compounds may also restrain the global industrial and institutional cleaning chemicals market. Volatile raw material prices may also affect the growth of global industrial and institutional cleaning chemicals market.
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Industrial and Institutional Cleaning Chemicals market: Segmentation
The global industrial and institutional cleaning chemicals market can be segmented based on base chemicals as
Chlor alkalis
Surfactants
Acids (nitric acid, phosphoric acid)
Chelating agents
Phosphates
Biocides
Solvents
Others (metal surface treatment, dispersing agents, antioxidants, etc.)
The global industrial and institutional cleaning chemicals market can be segmented based on product type as
Kitchen care chemicals
Building care chemicals
Hand hygiene chemicals
Food and beverage cleaning chemicals
Commercial laundry chemicals
The global industrial and institutional cleaning chemicals market can be segmented based on end use industry as
Food and beverage processing
Hospitals
Retail and wholesale
Commercial laundry
Vehicle and transportation care
Service sector
Industrial and Institutional Cleaning Chemicals market: Region – wise outlook
The global industrial and institutional cleaning chemicals market can be segmented based on geography as market in North America, Latin America, Western Europe, Eastern Europe, Japan, Asia – Pacific, Middle East and Africa. North America holds the maximum market share in the global industrial and institutional cleaning chemicals market owing to the growing healthcare sector in this region. Asia Pacific is expected to witness maximum growth rate in the forecast period, as the construction industry is showing a rapid growth in this region. The developing economies are projected to demonstrate very high growth rate in the forecast period.
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Industrial and Institutional Cleaning Chemicals market: Major Key players
Some of the key players identified in the global industrial and institutional cleaning chemicals market are
BASF SE
The 3M company
Akzonobel N V
The Dow chemical company
Croda International plc
Henkel AG & Company KGaA
Huntsman Corporation
Eastman Chemical Company
Procter & Gamble Company
Solvay SA
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