Cleaning Chemicals Market Grows at 4.5% CAGR, North America Leads Through 2032

Industrial and Institutional Cleaning Chemicals Market Poised for Steady Growth: Regional Insights and Industry Developments

The global Industrial and Institutional (I&I) Cleaning Chemicals Market is projected to grow from USD 59.71 billion in 2024 to approximately USD 84.92 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period.

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Competitive Landscape

The I&I cleaning chemicals market features prominent players such as Diversey Holdings, Ecolab Inc., BASF SE, 3M Company, and Clorox Company. These companies are actively engaging in strategic initiatives, including mergers and acquisitions, to strengthen their market positions and meet the growing demand for effective cleaning solutions.

Regional Demand and Developments

North America: Industrial and Institutional Cleaning Chemicals Market Growth and Opportunities

In North America, the I&I cleaning chemicals market is experiencing growth due to heightened awareness of hygiene and stringent regulatory standards in sectors like healthcare and food processing. The presence of key industry players and continuous product innovation contribute to market expansion in this region.

Europe: Trends and Consolidation in the Industrial and Institutional Cleaning Chemicals Market

Europe is witnessing a rising demand for eco-friendly and sustainable cleaning solutions, driven by environmental regulations and consumer preferences. The market is also observing consolidation, with companies focusing on expanding their product portfolios to include green cleaning chemicals.

Asia-Pacific: Industrial and Institutional Cleaning Chemicals Market Expansion and Innovations

The Asia-Pacific region is a significant market for I&I cleaning chemicals, propelled by rapid industrialization, urbanization, and increased awareness of hygiene standards. Countries like China and India are experiencing substantial market growth due to the expansion of the healthcare and hospitality sectors.

Middle East and Africa: Industrial and Institutional Cleaning Chemicals Market Trends and Potential

The Middle East and Africa region hold potential for growth in the I&I cleaning chemicals market, driven by infrastructural developments and a focus on improving hygiene standards in healthcare and hospitality industries.

Recent Mergers, Acquisitions, and Developments

Diversey Holdings, a leading provider of cleaning and hygiene products, was acquired by Solenis for $4.6 billion in July 2023. This acquisition aims to enhance Solenis's portfolio in the cleaning chemicals sector.
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Industrial and Institutional Cleaning Chemicals Market Segmentation:

by Type

General Purpose Cleaners
Floor
Care
Warewashing
Disinfectant & Sanitizer
Laundry Care
Others

General Purpose Cleaners, Floor, Care, Warewashing, Disinfectant & Sanitiser, Laundry Care, and Others are the different types of cleaning chemicals that make up the industrial and institutional cleaning chemicals market. The segment with the biggest market share is general-purpose cleansers. Its numerous uses in metal cleaning, degreasing, and sanitation are what are responsible for this expansion. Additionally, the segment's demand is increased by general-purpose cleaners' affordable and effective cleaning.

by End-User

Commercial
Manufacturing
Institutional & Government

The market is divided into four segments based on end users: commercial, manufacturing, institutional, and government. Over the course of the projection period, the commercial segment is anticipated to maintain a significant market share. The market is anticipated to be driven by improvements in hygiene standards in emerging nations as well as increased awareness of sanitation due to the COVID-19 pandemic.

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Industrial and Institutional Cleaning Chemicals Market Major Players:

1. BASF SE
2. AkzoNobel N.V.
3. Henkel AG & Co. KGaA
4. Solvay SA
5. 3M
6. Clariant
7. Huntsman Corporation
8. Eastman Chemical Company
9. Lonza Group Limited
10. Procter & Gamble Co.
11. Croda International Plc.
12. The Dow Chemical Company
13. Betco Corporation
14. Sealed Air Corporation
15. Ecolab Inc.
16. Others

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