Industrial Cleaning Chemicals Global Market 2024 - By Size, Industry Analysis, Future Trends, Segmentation And Key Players

The industrial cleaning chemicals market size has grown strongly in recent years. It will grow from $57.56 billion in 2023 to $61.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrialization and manufacturing growth, stringent regulatory standards, occupational health and safety compliance, focus on sustainable practices, rise in food processing industry, healthcare facility hygiene, water treatment and pollution control.

The industrial cleaning chemicals market size is expected to see strong growth in the next few years. It will grow to $82.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to globalization of supply chains, focus on green chemistry, e-commerce growth, biofilm control in food processing, rapid urbanization, customized cleaning solutions, focus on specialty chemicals. Major trends in the forecast period include increased automation and robotics, focus on high-efficiency and performance, shift toward bio-based and bio-derived ingredients, customization and tailored solutions, advancements in nanotechnology, digitalization and data-driven cleaning practices.

Market Overview -
Industrial cleaning chemicals are synthetic chemicals that help to reduce the risk of corrosion on industrial equipment such as pipelines, vessels, and heavy machinery. Cleaning and sanitizing industrial equipment ensures worker safety and eliminates chemical, biological, and environmental hazards in the industrial workplace.

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Surging Healthcare Expenditure Fuels Growth In The Industrial Cleaning Chemicals Market
The rising expenditure on healthcare by individuals is expected to propel the industrial cleaning chemicals market. Healthcare refers to the health that is maintained and involves the physical, mental, or emotional well-being of a person. Disinfection would reduce the risk of infection from microbial contamination. For instance, in May 2023, The Office for National Statistics, a UK-based statistics authority, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms. And UK total healthcare expenditure in 2021 was $367.25 billion (£280.7 billion), and pharmaceutical expenditure was $51.84 billion (£39.6 billion) in 2021, furthermore, spending on preventive care was $45.93 billion (£35.1 billion) in 2021, more than doubling from previous year. Therefore, the rising expenditure on healthcare by individuals is driving the growth of the industrial cleaning chemicals market.

Competitive Landscape -
Major companies operating in the industrial cleaning chemicals market report are Ecolab Inc., Diversey Holdings Ltd., Minnesota Mining and Manufacturing Company, Badische Anilin und Soda Fabrik SE, Procter & Gamble Company, Akzo Nobel N.V., Clariant International Ltd., Croda International PLC, Eastman Chemical Company, Henkel AG & Co. KGaA, Huntsman Corporation, Solvay SA, Dow Inc., Evonik Industries AG, Stepan Company, Pilot Chemical Company, DuPont de Nemours Inc., Royal Chemical Co. Inc., Dober Chemical Corp., Weiman Products LLC, Spartan Chemical Company Inc., National Service Industries Inc., The Chemours Company, Lubrizol Corporation, Nouryon, Quaker Houghton, S.C. Johnson & Son Inc., Kao Corporation, Church and Dwight Co. Inc., Betco Corporation

Bio-Based Industrial Cleaning Chemicals
Product innovations are a key trend gaining popularity in the industrial cleaning chemicals market. Major players in the market are concentrating on creating innovative product solutions to improve their market share. For instance, in February 2022, Clariant AG, a Switzerland-based company operating in industrial cleaning chemicals, launched a unique line of 100% bio-based surfactants and polyethylene glycols, which would address climate change indirectly. Clariant manufacturers use ethylene oxide from 100% bio-ethanol derived from sugar cane or corn. These are based on renewable feedstocks and have at least a 98% Renewable Carbon Index (RCI).

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Key Segments -
The industrial cleaning chemicals market covered in this report is segmented -
1) By Product Type: General Cleaners, Metal Cleaners, Oven And Grill Cleaners, Dish Washing, Commercial Laundry, Dairy Cleaners, Disinfectants
2) By Ingredient Type: Surfactants, Solvents, Chelating Agents, pH Regulators, Solubilizers, Other Ingredient Types
3) By Application: Manufacturing And Commercial Offices, Healthcare, Retail And Foodservice , Hospitality, Automotive, Aerospace, Food Processing, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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