Rising Hygiene Awareness Post-COVID-19 Drives Demand for Industrial and Institutional Cleaning Chemicals, With a CAGR of 5.62%

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Oct 11, 2023, 11:30 ET

DUBLIN, Oct. 11, 2023 /PRNewswire/ -- The "Global Industrial & Institutional Cleaning Chemicals Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global industrial and institutional cleaning chemicals market is poised for substantial growth, with projections indicating it will reach a staggering $80.51 billion by 2028, a significant increase from $58 billion in 2022. This growth is anticipated to be driven by a robust CAGR of 5.62% from 2022 to 2028.

Market Trends & Drivers

Increasing Hygiene Awareness: The post-COVID-19 era has heightened demand for hygiene solutions, driven by rising patient footfall and a renewed emphasis on maintaining hygiene. Developed nations, in particular, have adopted robust policies to promote healthy lifestyles and hygiene practices. This trend creates a conducive market environment for hand hygiene products, especially in healthcare settings.
Rise in Healthcare-Associated Infections (HAIs): Healthcare facilities globally are emphasizing adherence to hygiene recommendations to prevent HAIs. The use of invasive devices and medical procedures has increased the risk of HAIs, making hand hygiene products crucial for healthcare providers to reduce infections and associated costs.

Industry Restraints

Stringent Government & Environmental Regulations: Cleaning employees across various industries are exposed to hazards such as harmful chemicals and injury risks. Regulatory bodies worldwide are implementing guidelines and standards to mitigate these risks and ensure a safe and healthy work environment.

Insights by Product

The general-purpose cleaners segment is expected to dominate the global industrial and institutional cleaning chemicals market. These cleaners are formulated to tackle a wide range of cleaning tasks, from removing dirt and stains to handling scuff marks, limescale, grease, and adhesives. They find extensive use in commercial, industrial, and institutional settings, including schools, offices, hotels, hospitals, and manufacturing facilities.

Insights by Raw Materials

Surfactants are projected to be the largest segment in the global industrial and institutional cleaning chemicals market by raw materials. Surfactants play a key role in cleaning products by reducing water surface tension, making it easier to remove grease and oil from various surfaces. They are integral components of detergents and cleaning agents.

Insights by End-User

The commercial end-user segment is expected to hold the largest market share. Cleaning chemicals are indispensable in the commercial sector, where they are used for heavy-duty cleaning tasks. Factors driving growth in this segment include the construction of commercial spaces, urbanization, and industrial development, along with an increased awareness of hygiene.

Geographical Analysis

North America leads the global industrial and institutional cleaning chemicals market, accounting for over 32% of revenue in 2022. The region's strong presence is attributed to its widespread usage of cleaning products in healthcare facilities, restaurants, institutions, and hotels. Advancements in healthcare infrastructure in Canada and the U.S. are also contributing to market growth. APAC follows North America, led by China, Japan, and India, where governments are actively promoting disease awareness and prevention.

Competitive Landscape

The global industrial and institutional cleaning chemicals market is highly competitive, with a mix of international and regional players. Key market players include:

Procter & Gamble
BASF
3M
Henkel
Dow
Betco
Ecolab
Diversey
AkzoNobel
Clariant
Solvay
The Clorox Company
Croda International
Kimberly-Clark
Stepan Company
Reckitt Benckiser
Albemarle Corporation
Eastman Chemical Company
Westlake
Sasol
GOJO Industries
BODE Chemie
Cantel Medical
CarrollCLEAN
Chattem Chemicals
Christeyns
Cleenol
CleanWell
Kutol
Nice-Pak
Pal International

The dynamic technological environment and increasing hygiene demands are driving innovation, which poses challenges for vendors.

Key Questions Answered

How large is the industrial and institutional cleaning chemicals market?
What is the growth rate of the global industrial and institutional cleaning chemicals market?
What are the emerging trends in the industrial and institutional cleaning chemicals market?
Which region dominates the global industrial and institutional cleaning chemicals market?
Who are the key players in the global industrial and institutional cleaning chemicals market?

Market Dynamics

Market Opportunities & Trends

Surge in adoption of green cleaning products.
Rise in hygiene awareness.
Stringent manufacturing regulations.

Market Growth Enablers

High focus on cleanliness in the hospitality industry.
Rise in prevalence of healthcare-associated infections.
Surge in demand for bio-based products.
Growth of e-commerce platforms.

Market Restraints

Development of alternative technologies.
Effects of industrial & institutional cleaning chemicals on human health.
Stringent government & environmental regulations.

For more information about this report visit https://www.researchandmarkets.com/r/gf6d8y

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