Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "Industrial and Institutional Cleaning Chemicals Market, By Applications, By Region- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial and Institutional Cleaning Chemicals Market is on track to achieve substantial growth, with forecasts indicating a rise from $51.68 billion in 2022 to approximately $77.84 billion by 2030. This growth trajectory corresponds to a robust Compound Annual Growth Rate (CAGR) of 5.2%.
Industrial and Institutional Cleaning Chemicals play a vital role in eliminating dirt, stains, and odors from various surfaces, contributing to hygiene and cleanliness. These chemicals are formulated using a range of raw materials including chlor-alkalis, surfactants, solvents, phosphates, biocides, and others.
Market Dynamics:
Industrial and Institutional Cleaning Chemicals serve as essential cleaning agents for maintaining cleanliness in offices, institutions, warehouses, and industrial settings. The market's growth is driven by heightened public awareness of health and hygiene, along with the implementation of safety and environmental regulations by governments worldwide.
The industry is witnessing robust demand due to the shift towards eco-friendly and sustainable products by industries and institutions. Bio-based products are in high demand, prompting companies to develop innovative bio-based industrial and institutional cleaning chemicals. Notably, Ecolab has introduced a bio-based hard surface cleaners product line. However, stringent government and environmental regulations could pose challenges for market expansion.
Key Highlights of the Study:
- Identification of potential revenue opportunities and investment propositions across segments
- Insights into market drivers, restraints, opportunities, trends, and competitive strategies
- Profiles of key players, highlighting company achievements, financial performance, product portfolios, geographical reach, distribution strategies, key developments, and future plans
This comprehensive report equips marketers and decision-makers with insights for guiding product launches, technology upgrades, market expansion, and marketing strategies.
Detailed Segmentation:
Global Industrial and Institutional Cleaning Chemicals Market, By Application:
Industrial:
- Building care chemicals
- Hand hygiene chemicals
- Other chemicals
Commercial:
- Kitchen care chemicals
- Building care chemicals
- Hand hygiene chemicals
- Laundry care chemicals
- Others
Domestic:
- Kitchen care chemicals
- Building care chemicals
- Hand hygiene chemicals
- Laundry care chemicals
- Others
Global Industrial and Institutional Cleaning Chemicals Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Company Profiles:
Key players in the global Industrial and Institutional Cleaning Chemicals market include BASF SE, AkzoNobel N.V., Henkel AG & Co.KGaA, Solvay SA, Huntsman Corporation, Eastman Chemical Company, Lonza Group Limited, Procter & Gamble Co., Croda International Plc., The Dow Chemical Company, Betco Corporation, Sealed Air Corporation, and Ecolab Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $51.68 Billion |
| Forecasted Market Value (USD) by 2030 | $77.84 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/niihrt
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