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| Global Industrial And Institutional Cleaning Chemicals Market Size |
The industrial and institutional cleaning chemicals market comprises products used across hospitals, food processing units, schools, and commercial establishments to maintain hygiene and cleanliness. Cleaning chemicals are used for sanitation purposes on floors, utensils, medical equipment, food processing machinery, and other surfaces. Key products in the market include general purpose cleaners, disinfectants & sanitizers, commercial laundry detergents, degreasers, and other specialty products. The growing need for hygienic workplaces, equipment, and facilities is driving the demand for cleaning chemicals.
The Global Industrial and Institutional Cleaning Chemicals Market is estimated to be valued at US$ 62.64 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the industrial and institutional cleaning chemicals are Stem Cyte, Inc., CRYO-CELL INTERNATIONAL, INC., ViaCord, Cord Blood Registry, SmartCells, Inc., LifeCell International Pvt. Ltd., Cryoviva Biotech Pvt. Ltd., Cryo Stemcell, Reliance Life Sciences, and Transcell Biolife Pvt. Ltd. Stringent regulations relating to healthcare associated infections and disease outbreaks have prompted healthcare facilities and food processing units to emphasize on disinfecting and sanitizing surfaces on a regular basis. This is anticipated to create significant growth opportunities for sanitizers and disinfectants in the market. North America and Europe held over 60% share of the global industrial and institutional cleaning chemicals market in 2021 owing to stringent hygiene regulations and policies in these regions.
The key opportunities in the Global Industrial And Institutional Cleaning Chemicals Market Size include rising demand from commercial establishments like hotels, restaurants, retail outlets and airports. Also, continuous introduction of eco-friendly and sustainable cleaning products will offer opportunities to key players. Geographically, the industrial and institutional cleaning chemicals market in Asia Pacific is projected to witness fastest growth during the forecast period due to rapid industrialization and urbanization in major developing economies including China and India.
Market Drivers
One of the key drivers for the industrial and institutional cleaning chemicals market is rising hygiene standards across various end-use industries especially food processing and healthcare sectors. Stringent regulations regarding safety and sanitization are prompting companies to use cleaning chemicals on a regular basis. This is favoring the demand for products like detergents, disinfectants and degreasers.
Market Restrain
Availability of cheaper alternatives like household cleaners may act as a key restraint for the industrial and institutional cleaning chemicals market. For cost-sensitive consumers and companies, cheaper substitutes seem as a more viable option. This can limit the sales of specialty cleaning chemicals to an extent during the forecast period.
Segment Analysis
The industrial and institutional cleaning chemicals market is segmented into
general purpose cleaners, disinfectants & sanitizers, kitchen &
cafeteria cleaners, oven & grill cleaners, laundry cleaners, metal
cleaners, commercial floor cleaners, dish detergents. Among these, general
purpose cleaners dominate the industrial and institutional cleaning chemicals
market as they are used for a variety of cleaning applications including
washrooms, floors and other general areas. They help remove dirt, grease and
stains effectively while being safe on most surfaces.
Global Analysis
The Asia Pacific region is expected to be the fastest growing as well as the
dominating region in the global industrial and institutional cleaning chemicals
market during the forecast period. This is attributed to the growing industrial
sector, increasing construction activities, rising focus on hygiene and
sanitization in countries like China, India. There is also a greater need for
cleaning products in food processing, hospitality and healthcare industries of
countries in the Asia Pacific region. North America holds a significant share
in terms of revenue owing to established industries and facilities management
sector in the US and Canada. Europe holds prominence for the presence of major
cleaning chemicals manufacturers and suppliers.
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