Global Industrial Cleaning Market was valued at US$ 45.2 Bn in 2019 and expected to reach US$ 68.7 Bn by 2026, at a CAGR of 6.28% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Industrial Cleaning Market Dynamics
A clean workplace means having a sparkling, fresh building. A clean workplace also ensures the safety and health of employees and visitors. Rising awareness on safety liability, health & hygiene on the part of the company, and growing demand from the application industries are the major drivers for the market.
Industries require different types of cleaners based on their specific needs. For example, in hospitals, cleaners are required for cleaning blood, body fluids, and tissue on instruments, and in the hotel industry, they are required for cleaning ovens and grills, dishwashing, among other applications that require a specific type of cleaners. Alkaline cleaners are good for cleaning restaurant floors while acidic cleaners remove rust, scale, and oxides from floors.
Global Industrial Cleaning Market Segment Analysis
Based on ingredient type, the market has been segmented into Chelating Agents, Solvents, Surfactants, pH regulators, and others. Surfactants are the most widely used ingredient in the industrial cleaning market, and it is projected to experience a high growth rate.
The driving factor of the market is the growing demand for green and bio-based chemicals from industries. The healthcare industry dominated the industrial cleaning market and is expected to be the fastest-growing market over the eight years.
Global Industrial Cleaning Market Regional Insights
Geographically, the Asia Pacific market is expected to be a leading contributor to the global industrial cleaning market. The presence of major market players, technology innovations, relatively develops the market for healthcare and manufacturing industries. Europe and North America are developed markets for the industrial cleaning market, and it is expected to grow at a moderate rate on account of rising demand from the healthcare sector.
The report covers the total market for Global Industrial Cleaning, and it has been analyzed based on the Porter’s five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Global Industrial Cleaning Market, Key Highlights:
• Global Industrial Cleaning Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Industrial Cleaning Market
• Global Industrial Cleaning Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Industrial Cleaning Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Industrial Cleaning Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Industrial Cleaning Market are also profiled.
Scope of Industrial Cleaning Market:
Global Industrial Cleaning Market, by Ingredient
• Chelating Agents
• pH regulators
Global Industrial Cleaning Market, by Type
Global Industrial Cleaning Market, by Application
Global Industrial Cleaning Market, by Region
• North America
• Middle East & Africa
• South America
Global Industrial Cleaning Market Key Players:
• Sealed Air
• Evonik Industries AG
• BASF SE
• Stepan Company
• Solvay SA
• Air Products and Chemicals Inc.
• Croda International Plc
• Diversey Inc.
• Buckeye International, Inc.
• Bebbington Industries
• Bio Productions
• Pilot Chemical Corp.
• Spartan Chemical Company Inc.
• The Dow Chemical Company.
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