Industrial and Institutional Cleaning Chemical Market Set to Surge at 7.5% CAGR, Reaching USD 125.7 Billion by 2034

The global industrial and institutional cleaning chemicals market reached a value of USD 56,723 million in 2023, and is poised for significant growth over the coming decade. By 2024, the market is expected to rise to USD 60,977.2 million, with an estimated compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. This robust growth trajectory is anticipated to drive the market's total valuation to USD 125,676 million by 2034, driven by increasing demand across various sectors such as healthcare, hospitality, and manufacturing, as well as rising hygiene and sanitation standards globally.

The global Industrial and Institutional Cleaning Chemical Market is projected to witness robust growth in the coming years, driven by increasing awareness around hygiene and sanitation across various sectors such as healthcare, hospitality, food service, and manufacturing industries. These chemicals, which include disinfectants, degreasers, deodorizers, and sanitizers, play a critical role in maintaining cleanliness, ensuring public health safety, and meeting regulatory standards.

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Market Growth Drivers:

1. Heightened Focus on Hygiene Post-Pandemic: The global COVID-19 pandemic has accelerated the demand for effective cleaning solutions in public spaces, healthcare facilities, and industries, fostering the growth of industrial and institutional cleaning chemicals.
2. Stringent Regulatory Standards: Governments and health organizations are imposing strict regulations on cleanliness, especially in sensitive environments like hospitals and food service industries, driving demand for advanced, eco-friendly cleaning chemicals.
3. Rise in Urbanization and Industrialization: As urban centers expand and industries grow, the need for cleaning chemicals in high-traffic commercial spaces, offices, and factories is rising, creating new opportunities for market players.
4. Sustainability Initiatives: The growing preference for eco-friendly and biodegradable cleaning chemicals is shaping the market, with companies innovating to meet consumer demand for greener alternatives that minimize environmental impact.
5. Technological Advancements: Emerging innovations in cleaning formulations, such as concentrated and multifunctional products, are enabling better performance and efficiency, further propelling market growth.

Key Takeaways:
• Rising hygiene awareness and stringent regulations are driving demand for industrial and institutional cleaning chemicals.
• Sustainability initiatives are pushing manufacturers to innovate eco-friendly cleaning solutions.
• Technological advancements in cleaning formulations and automation are enhancing market potential.
• Developing regions, particularly in Asia-Pacific and Latin America, offer significant growth opportunities.
• The hospitality and healthcare sectors continue to be key drivers of demand for specialized cleaning chemicals.

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Key Players of Industrial and Institutional Cleaning Chemical Industry

• Procter & Gamble
• BASF SE
• Clariant
• The Clorox Company, Inc.
• Henkel AG & Co. KGaA
• 3M
• Kimberly-Clark Corporation
• Reckitt Benckiser Group plc
• Croda International PLC
• Albemarle Corporation
• Eastman Chemical Corporation
• Huntsman International LLC
• STEPAN Company
• Westlake Chemicals Corporation
• SOLVAY
• Dow
• Sasol

Key Segments of Industrial and Institutional Cleaning Chemical Industry
By Raw Material:

In terms of Raw Material, the industry is divided into chlor-alkali, surfactant, solvents, phosphates, biocides, and others. The chlor-alkali segment is further divided into sub segments, as caustic soda, soda ash, and chlorine. The surfactant segment is divided as non-ionic, anionic, cationic, and amphoteric. The solvents segments consists of five sub-segments as alcohols, hydrocarbons, chlorinated, ethers, and others.

By Product Type:
In terms of Product Grade, the industry is divided into general purpose cleaners, disinfectants and sanitizers, laundry care products, vehicle wash products, and others.

By End Use Verticals:
In terms of End Use Verticals, the industry is divided into commercial and manufacturing. Commercial segment is further divided into food services, retail, healthcare, laundry care, institutional buildings and others. The manufacturing segment is divided into food and beverage processing, metal manufacturing and fabrication, electronic components and others.

By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, and Middle East and Africa (MEA) have been covered in the report.

Have a Look at Related Research Reports of Chemicals & Materials

Industrial and Institutional Hand Hygiene Chemicals Market: https://www.futuremarketinsights.com/reports/industrial-and-institutional-hand-hygiene-chemicals-market

Industrial Cleaner Market: https://www.futuremarketinsights.com/reports/industrial-cleaners-market

Industrial Cleaning Solvent Market: https://www.futuremarketinsights.com/reports/industrial-cleaning-solvent-market

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