Industrial Cleaning Market Worth 50.24 Billion USD by 2020

(EstateNewsWire.com, May 30, 2019 ) The report "Industrial Cleaning Market by Ingredient (Chelating Agents, Solvents, Surfactants, pH regulators), by Application (Manufacturing, Healthcare, Retail, Hotels) and by Product (General Cleaners, Metal Cleaners, Dishwashers) - Global Trends & Forecast to 2020", published by MarketsandMarkets, The market size was USD 39.24 Billion in 2014, and is projected to reach USD 50.24 Billion by 2020, at a CAGR of 4.2% between 2015 and 2020.

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Rising awareness on health & hygiene, safety liability on the part of the company or an institution and growing demand from the application industries are the major drivers for the market.

Surfactant captures the maximum share in the Industrial Cleaning Ingredients Segment:

As of 2015, surfactant was the most widely used ingredient in Industrial cleaning market, and projected to experience high growth rate. Surfactants act as detergents, wetting agents, foaming agents, emulsifiers, and dispersants. Hence, with new research studies being carried out about the commercial use of surfactant properties, their application areas are expanding. Surfactants were mainly known for their use in detergent and soap industries. Broadened application in variety of industry cleaning segments has increased the overall demand for surfactants.

Growing demand from the Manufacturing and Commercial Offices application:

The market for I&I cleaning chemicals market is also segmented on the basis of application. The major application of the I&I cleaning chemicals are manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace, food processing, and others. Manufacturing and commercial offices are the largest consumers for I&I cleaning chemicals and these chemicals are mainly used for machinery cleaning and general cleaning in this application. Healthcare is the fastest growing application between 2015 and 2020. The application is expected to grow due to heavy spending in healthcare activities in developed economies in North America and Europe. Moreover, rising awareness and growth in healthcare investment are the major factors boosting the Industrial & Institutional cleaning chemicals market.

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Browse in-depth TOC on "Industrial Cleaning Market"
88 - Tables
57 - Figures
164 - Pages

Asia-Pacific: The largest market for Industrial Cleaning Market:

The market for Industrial cleaning market is broadly segmented into six regions, namely, Asia-Pacific, North America, Western Europe, Eastern & Central Europe, South America and Middle East & Africa. Asia-Pacific is the largest markets in the Industrial cleaning, in terms of value. Asia-Pacific market is estimated to grow on account of rising awareness on cleanliness and hygiene, and growing demand from the application industries. Western Europe and North America, which are mature markets for Industrial Cleaning Market, are expected to grow at a moderate rate on account of rising demand from the healthcare sector.

Currently, the global Industrial & Institutional cleaning chemicals market is dominated by various market players such as Sealed Air (U.S.), Evonik Industries AG (Germany), BASF SE (Germany), Stepan Company (U.S.), Solvay SA (Belgium), Air Products and Chemicals Inc. (U.S.), Croda International Plc (U.K.), Ecolab (U.S.), Pilot Chemical Corp. (U.S.), Spartan Chemical Company Inc., (U.S.), and The Dow Chemical Company (U.S.).

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