The industrial and institutional cleaning chemical market was currently valued at USD 41 billion in 2015 and is expected to reach USD 51.4 billion by 2020 showing a compound annual growth rate of 4.6%

Reports And Markets Publish a New Market Research Report On – "Industrial and Institutional Cleaning Chemicals Market : 2017 - 2022"

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The global industrial and institutional cleaning chemical market was currently valued at USD 41 billion in 2015 and is expected to reach USD 51.4 billion by 2020 showing a compound annual growth rate of 4.6%. Among all the regions in the world Asia-Pacific is the fastest growing market for industrial and institutional cleaning chemical market during the period (2017 - 2022); whereas North America is the largest market in terms of revenue owing to the large base of healthcare, manufacturing industries in that region. The cleaning chemicals market majorly focuses on the chemicals required for producing disinfectants and sanitizers.

The fastest growth is expected to occur in healthcare, due to a rise in the number of hospital stays and concerns about healthcare-associated infections (HAIs). The manufacturing sector is also expected to be a significant source of growth, particularly in developing economies, as rising incomes lead to increases in demand for processed food and beverage products and these countries focus on increasing their cleaning standards.

The industrial and institutional cleaning chemical market is segmented by market type into commercial use which includes food service, retail, laundry and dry cleaning, healthcare, offices, car washes, hotels and lodging, transportation and distribution and others. The industrial cleaning chemicals are used in the manufacturing market of food and beverage processing, fabricated metal products, electronic components and others.

The market is segmented by product types into general purpose cleaners, floor care products, ware washing detergents, disinfectants & sanitizers, laundry care products, vehicle wash products, hand cleansers and others. Lastly, the market report is also segmented by raw materials into chlor-alkalis (caustic soda, soda ash, chlorine and others), surfactants (nonionic, anionic, cationic, and amphoteric), solvents (alcohols, hydrocarbons, chlorinated, terpenes, ethers and others), phosphates, biocides and others.

Market Dynamics of the Industrial and Institutional Cleaning Chemicals Market:

Drivers:

The market growth is largely fueled by increasing applications, technological advancements, and growing demand in the developing countries in Asia-Pacific, such as China and India, due to the large setup of healthcare and food and beverage industries. The demand is also rising due to increasing health awareness among people setting high standards for hygiene in their day to day life. The food industry segment is driven by the growth of cleaning chemical market as due to increasing quantities of food borne illness the industry has increased its standard in maintaining the hygiene levels of food.

Restraints:

The industrial and institutional cleaning chemical manufacturers are shifting to a set of chemicals which are free from volatile organic solvents as these solvents are toxic and carcinogenic.
These solvents are emitted into the environment when used for cleaning and they flow into the nearby lakes and water bodies and get into the respiratory track of living organisms. The volatility in the raw materials of these cleaning chemicals also serves as a major drawback to the growth of this market.

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The market report is divided by geography into North America, Europe, the Asia-Pacific (APAC), South America and the Middle-East & Africa (MEA); wherein the market share of each region is analyzed and estimates are provided for the next 6 years. The key players in industrial and institutional cleaning chemical market are:

3M Company
Akzo Nobel NV
Albemarle Corporation
Axiall Corporation
Barr (WM) & Company
BASF SE
Clariant International Limited
Croda International plc
Dow Chemical Company
Eastman Chemical Company
FMC Corporation
Henkel AG & Company KGaA
Huntsman Corporation
Koch Industries Incorporated
National Chemical Laboratories Incorporated
Procter & Gamble Company
Reckitt Benckiser plc,
Solvay SA
Stepan Company

Key Deliverables in the Study:

Analysis for the industrial and institutional cleaning chemical market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the industrial and institutional cleaning chemical market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.

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