Industrial Cleaning Chemicals Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Industrial Cleaning Chemicals Market Size
The global Industrial Cleaning Chemicals revenue was US$ 17160 million in 2022 and is forecast to a readjusted size of US$ 23060 million by 2029 with a CAGR of 4.1% during the forecast period (2023-2029).
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Industrial Cleaning Chemicals Market
Industrial cleaning chemicals are specially formulated to deliver industrial-grade performance. The science behind industrial cleaning products is specific for delivering a powerful clean without causing erosion to industrial equipment and facility areas.
In India, the Industrial Cleaning Chemicals revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Global 5 largest manufacturers of Industrial Cleaning Chemicals are Ecolab, BASF, Eastman Chemical, Nouryon and Solvay, which make up about 20%. Among them, Ecolab is the leader with about 8% market share.
North America is the largest market, with a share about 39%, followed by Europe and China, with share about 30% and 18%. In terms of product type, Surfactants occupy the largest share of the total market, about 60%. And in terms of product application, the largest application is Metal Processing, followed by Engineering Machinery.
This report focuses on global and India Industrial Cleaning Chemicals market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Industrial Cleaning Chemicals will continue to grow rapidly in the future.
Global Industrial Cleaning Chemicals Scope and Market Size
Industrial Cleaning Chemicals market is segmented in regional and country, by players, by purity and by application. Companies, stakeholders, and other participants in the global Industrial Cleaning Chemicals market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by purity and by application for the period 2018-2029.
For India market, this report focuses on the Industrial Cleaning Chemicals market size by players, by Purity and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

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Segment by Purity
• Surfactants
• Chlorinated Cleaner
• Hydrocarbon Based
• Others

Segment by Application
• Metal Processing
• Food & Beverage
• Building Service
• Engineering Machinery
• Vehicle Cleaning
• Others

By Company
BASF, Nouryon, Dow, Solvay, Henkel, Huntsman, Eastman Chemical, Arxada, Ecolab, Stepan, Diversey, Evonik, Sasol, Rust-Oleum, ExxonMobil, Shell Global, Chevron Phillips Chemical, Keyuan Petrochemicals, Hebei Feitian Petrochemical

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This release was published on openPR.