Industrial Cleaning Chemicals Market worth $59.5 billion by 2028 | Key players BASF SE (Germany), Dow Inc. (US), Clariant AG (Switzerland), Evonik Industries AG (Germany).

According to recent market research the "Industrial Cleaning Chemicals Market by Ingredient (Surfactants, Solvents, Chelating Agents), Product (General & Medical Cleaning), Application (Manufacturing & Commercial Offices, Healthcare, Retail & Food Service), and Region - Global Forecast to 2028", MarketsandMarkets: The industrial cleaning chemicals market is estimated at USD 47.1 billion in 2023 and is projected to reach USD 59.5 billion by 2028, at a CAGR of 4.8% from 2023 to 2028. Factors such as workplace hygiene initiatives and increased concern over healthier environment are positively driving the growth of the industrial cleaning chemicals market. Furthermore, the increasing demand from several applications post COVID-19 pandemic drives the market.

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By ingredient type, the industrial cleaning chemicals market has been segmented into surfactants, solvents, chelating agents, pH regulators, solubilizers/hydrotropes, enzymes, and others. The surfactants segment has the largest share in the industrial cleaning chemicals market because of the demand for dirt-free, germ-free, and hygienic working space and the awareness about cleanliness in the environment. The increasing concern about the healthier environment is also driving the market for the surfactants segment in the market.

By product type, the industrial cleaning chemicals market has been segmented into oven & grill cleaners, metal cleaners, dish washing, general & medical device cleaning, food cleaners, dairy cleaners, disinfectants, and commercial laundry. The general & medical device cleaning segment is projected to grow fastest in the industrial cleaning chemicals market due to the growing use of cleaning chemicals for hard surface care, floor care, carpet care, and cleaning of medical devices. The demand for cleaning in industrial and institutional sectors for the segment is expected to drive the industrial cleaning chemicals market.

By application, the industrial cleaning chemicals market has been segmented into manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace, food processing, and others. The healthcare segment has the largest share in the industrial cleaning chemicals market because of the high consumption of industrial cleaning chemicals in healthcare institutions and all the hospitals. The awareness regarding hygiene and cleanliness in the region is also growing which in turn is also driving the market for the healthcare segment in the market.

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The industrial cleaning chemicals market has been studied in Asia Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and South America. The Asia Pacific industrial cleaning chemicals market is growing due to growth in industrial production, increasing trade and rise in healthcare expenditure in the region. In Asia Pacific, the industrial cleaning chemicals are extensively used in the China which is one of the largest automobiles producing countries in the world. Moreover, increasing industrialization and growing healthcare expenditure in the country are other factors driving the demand for industrial cleaning chemicals market.

Major players operating in the industrial cleaning chemicals market are BASF SE (Germany), Dow Inc. (US), Clariant AG (Switzerland), Evonik Industries AG (Germany), Solvay SA (Belgium), Diversey Holdings Ltd. (US), Stepan Company (US), Ecolab Inc. (US), Pilot Chemical Corp. (US), and DuPont de Nemours, Inc. (US), among others.

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BASF SE is one of the leading chemical companies in the world. The company's portfolio includes chemicals, plastics, functional solutions, performance products, agricultural solutions, crude oil, and natural gas. BASF SE operates as a chemical company globally through six business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. The company provides industrial cleaning chemicals through the care chemicals sub-segment coming under the nutrition & care segment. BASF SE operates in more than 80 countries across Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. It has 13 operating divisions with 84 strategic business units. The company operates globally through its subsidiaries, with more than 338 production sites worldwide. In November 2022, BASF SE announced its collaboration with Inditex to develop the first detergent designed to reduce microfiber release from textiles during washing.

Dow Inc. is one of the largest chemical manufacturers in the world. It has a widely diversified business portfolio. It serves a number of end-use industries including construction, healthcare & medical, packaging, oil & gas, transportation, pharmaceutical, processed foods, pulp & paper, textile & carpet, utilities, and renewable energy, among others. The company manages its brand portfolio through its four segments: packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings and corporate. It offers industrial cleaning chemicals through the sub-segment industrial solutions that comes under industrial intermediates & infrastructure. The company operates in 31 countries with more than 106 manufacturing facilities. In January 2022, Dow Inc. signed an exclusive agreement with Locus Performance Ingredients to expand biosurfactant offerings in the global home care and personal care markets.

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