Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Industrial Cleaning Chemicals: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Cleaning Chemicals estimated at US$58.6 Billion in the year 2022, is projected to reach a revised size of US$80 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
Surfactants, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$22.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Solvents segment is readjusted to a revised 3.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $16.9 Billion, While China is Forecast to Grow at 6.1% CAGR
The Industrial Cleaning Chemicals market in the U.S. is estimated at US$16.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18.9 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2030.
Select Competitors (Total 34 Featured) -
- 3M Company
- BASF SE
- Clariant
- Croda International Plc.
- Diversey, Inc.
- Dow, Inc.
- Ecolab, Inc.
- Evonik Industries AG
- Huntsman Corporation
- Kao Chemicals Europe. S.L.
- Mitsubishi Chemical Holdings Corporation
- Neos Company Limited
- Pilot Chemical Company
- Quaker Chemical Corporation
- Solvay S.A.
- Spartan Chemical Co., Inc.
- Stepan Company
- WVT Industries N.V. (Belgium).
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 475 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $58.6 Billion |
| Forecasted Market Value (USD) by 2030 | $80 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Industrial Cleaning: An Introduction
- A Prelude to Key Ingredients of Industrial Cleaning Products
- Chelating Agents
- Solvents
- Surfactants
- pH Regulators
- Industrial Cleaning: Macro Industry Overview
- Outlook
- Widespread Opportunities in Manufacturing, Commercial, Healthcare, and Retail & Food Service Sectors
- Surfactants Hold Dominant Share
- Regional Landscape
- Asia-Pacific Evolves as Most Important Market
- Developed Regions Continue to Offer Robust Opportunities
- Industrial Cleaning Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
- Industrial Cleaning Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Industrial Cleaning Products: Protecting Businesses, and Enhancing Resource Efficiency
- Stringent Regulations Concerning Hygiene Drives Growth in the Market
- Cleaning Management Institute (CMI) - Professional Cleaning Industry's Leading Certification Provider
- Cleaning Industry Management Standard (CIMS)
- The ISSA Clean Standards
- State of the Manufacturing Industry Lays Foundation for Industrial Cleaners Growth
- Global Industrial Cleaning Services Market (2019): Percentage Breakdown of Revenues by Segment
- Global Industrial Floor Cleaner Market (2019): Percentage Breakdown of Revenues by Segment
- Industry 4.0 Set to Accelerate Market Adoption
- Food Services Sector Continues to Generate Steady Demand
- High Demand in Healthcare Facilities Strengthens Market Prospects
- Northbound Trajectory in Healthcare Spending Lends Traction to Market Growth
- Vital Role of Green Cleaning Solutions in Hospitality Industry
- Cleaning Ensures Increase of Product Lifetime within Electronics Manufacturing Industry
- Residues Adversely Impact Reliability and Operation of Electronic Device
- Cleaning Process a Must, Despite Advances in Novel Technologies
- With Eco-Friendly Fad Gathering Pace, Electronic Manufactures Turn to Safer Alternatives
- Rise in Demand for High-Performance Products
- Enactment of Stringent Environmental Regulations Fuels Demand for Green Chemicals
- Green Cleaning Products Display Impressive Growth
- Cost-Effective Products Gain Demand
- Sophisticated Cleaning Technologies Enter the Fray
- Trends Impacting Commercial Cleaning Industry
- Robots and Digital Machines Bring About a Paradigm Shift
- Automation and Smart Applications Revolutionize the Industry
- Adoption of Safe Sanitary Practices Eliminates Spread of Harmful Bacteria
- An Overview of Cost and Opportunity Indicators Impacting Cleaning Franchise Businesses
- Challenges Facing the Cleaning Industry
- Green Cleaning Products: Are they Safe for Real?
- Highly Competitive Cleaning Solution Providers Present Challenges for the Sector
- Innovations and Advancements
- A Glance at Early and Modern Cleaning Innovations
- Innovative Technologies and Approaches in the Cleaning Industry
- Rapid Advancements in Cleaning Technology Positively Impacting the Industry
- Green Cleaning: An Important Trend
- Environmentally Friendly and Green Commercial Cleaning Innovations
- Evolving IoT, Robotics and AI Technologies Pep Up the Industrial Cleaning Market
- Disruptive Cleaning Products - Result of Legislations?
- Select Equipment and Products for Industrial Cleaning Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/af31gm
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