Home Press Releases Industrial Cleaning Chemicals Market Size worth $73.55 Billion By 2030 | CAGR: 4.9%

Industrial Cleaning Chemicals Market Size worth $73.55 Billion By 2030 | CAGR: 4.9%

The global industrial cleaning chemicals market size is expected to reach USD 73.55 billion by 2030, according to a new study by Polaris Market Research. The report “Industrial Cleaning Chemicals Market Share, Size, Trends, Industry Analysis Report, By Ingredients Type; By Product Type; By Application (Manufacturing & Commercial Offices, Healthcare, Retail & Foodservice, Hospitality, Automotive, Aerospace, Food Processing, Others); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The key factors that boost the growth include increased awareness about safety, health, and hygiene in the workplace, rapid industrialization, and the formation of various manufacturing and industrial organizations in emerging countries, which are expected to be significant drivers driving the market. The benefits are another factor propelling the market’s growth as these are used to clean manufacturing facilities regularly. These substances are used to clean and maintain industrial floors for worker safety.

 

Further, concerns about the harmful consequences of petroleum-based solvents have fueled the demand for environmentally friendly alternatives. The growing popularity of bio-based products has prompted manufacturers to adopt bio-based solvents in their production. Chemicals generated from biological sources are less hazardous and do not include volatile organic compounds in industrial and institutional cleaning.

 

The green goods meet environmental and air quality regulations and are free of antibacterial components, lowering the possibility of bacterial resistance to antibiotics. Most products contain surfactants, which are petroleum by-products that are not readily biodegradable, resulting in pollution from household cleaning.

 

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Based on the ingredient type, the solvents segment accounted for the leading share in the market. Floor cleaners, vehicle cleaners, and industrial products all use solvents. They’re also employed in the making of detergents. Humans exposed to high levels of certain solvents may develop health problems due to the substances.

 

As a result, regulatory restrictions prohibiting the use of hazardous chemicals in direct contact applications are projected to stifle segment expansion to some extent. However, rising demand for alcohol and ether-based products in industrial cleaning applications is expected to drive product demand during the forecast period.

 

Market players such as BASF SE, 3M, Clariant SA, Diversey Inc., Ecolab Inc., DuPont De Numerous, Inc., Henkel AG & Co, Novozyme, National Chemicals Laboratories, Inc., Nyco Products Company, Pilot Chemicals Corp., Solvay, Reckitt Benckiser, Proctor & Gamble, The Dow Chemicals Company, and Trans Gulf Industries operate in the global market.

 

In August 2021, Diversey Holdings, Ltd., one of the leading hygiene, infection control, and cleaning products providers, announced that it had agreed to purchase Tasman Chemicals. Furthermore, Diversey Holdings, Ltd. will expand its position in the Australia and New Zealand markets due to Tasman’s solid reputation.

 

Polaris market research has segmented the industrial cleaning chemicals market report based on ingredient type, product type, application, and region:

 

Industrial Cleaning Chemicals, Ingredients Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Surfactants
  • Solvents
  • Chelating Agents
  • pH Regulators
  • Solublizers/ Hydrotropes
  • Enzymes
  • Others

Industrial Cleaning Chemicals, Product Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Oven & Grill Cleaners
  • Metal Cleaners
  • Dishwashing
  • General Cleaning & Medical Device Cleaning
  • Food Cleaners
  • Dairy Cleaners
  • Disinfectants
  • Commercial laundry
  • Others

Industrial Cleaning Chemicals, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Manufacturing & Commercial Offices
  • Health Care
  • Retail & Foodservice
  • Hospitality
  • Automotive
  • Aerospace
  • Food Processing
  • Others

Industrial Cleaning Chemicals, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Netherlands
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Africa
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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