Global Industrial Cleaning Agents Market Analysis and Forecast Report 2030
Industrial cleaning agents refer to the chemicals used for the periodic cleaning of industrial facilities. Industrial cleaning agents help to maintain industrial floors non-slippery and provide safety to workers. Industrial cleaning agents increase the operating life of machinery and enhance their performance. These agents are also used to prevent rust formation on vessels and pipelines, equipment and machinery. Industrial cleaning agents can be used in the form of solvent, powder, or liquid. Solvents, chelating agents, and surfactants are some of the raw materials used in various cleaning applications. Industrial cleaning agents are utilized in numerous end-user industries including food processing, manufacturing & commercial offices, retail & foodservice, healthcare, hospitality, automotive & aerospace, and others.
Global Industrial Cleaning Agents market is expected to project a notable CAGR of 5.12% in 2030.
Global Industrial Cleaning Agents market to surpass USD 75 billion by 2030 from USD 45.5 billion in 2020 at a CAGR of 5.12% in the coming years, i.e., 2021-30. Growth of various end-use industries such as automotive, manufacturing, and health care is anticipated to upsurge the demand for industrial cleaning agents. Additionally, mounting industrialization and raising awareness about health, safety, and hygiene have resulted in rising demand for industrial cleaning agents.
Recent Highlights in Global Industrial Cleaning Agents Market
In May 2019, Oil & Gas Innovation Centre (OGIC) assigned 100 projects. A total USD 6 million will be invested in the project and to help in enhancing the principles of the circular economy by prominently improving the amount. This will help in boosting the industrial cleaning market.
In March 2019, Haldor Topsoe launched Clearview products and also announces an alliance with Honeywell. This will assist in the expansion and benefit the connected services to a broader range of the chemical and refining industries. It will help in leveraging the power of the connected plant and expand its network and meets the growing demand of the industry.
Global Industrial Cleaning Agents Market: Segment
Metal Cleaner segment to grow with the highest CAGR during 2021-30
Global Industrial Cleaning Agents market is segmented by product Type into commercial laundry, dairy cleaners, dishwashing, disinfectants, food cleaners, general cleaners, metal cleaners, and oven & grill cleaners. Metal cleaners segment held the largest market share of XX.X% in the year 2020. Growing demand for metal cleaners in manufacturing, automotive and aerospace industries is a major factor propelling the growth of the industrial cleaning agent’s market.
Healthcare segment to grow with the highest CAGR during 2021-30
Global Industrial Cleaning Agents market is bifurcated by end-users into automotive & aerospace, food processing, healthcare, hospitality, manufacturing & commercial offices, and retail & foodservice and others. Healthcare segment held the largest market share of XX.X% in the year 2020 and will continue to dominate the market throughout the forecast period because of the rising health care expenditure. In the health care sector, cleaning plays an important role which may drives the high utilization of industrial cleaning agents.
Increasing Healthcare Awareness and Hygiene
Rise in awareness regarding safety, health, and hygiene in the industrial environment is projected to drive the industrial cleaning agents’ market in the coming years. The rising threat of infectious diseases and infections caused by viruses, pathogens, and bacteria is likely to surge the demand for industrial cleaning agents.
Increasing Pace of Industrialization and Urbanization
With the growing industrialization and establishment of various manufacturing and industrial organizations, the demand for Industrial Cleaning agents is increasing. The demand for various products such as degreasers, rust cleaning agents, and surface cleaners is elevating in several industries such as manufacturing, automotive, and water treatment.
Stringent Environmental Regulations
Stringent environmental regulations to lower the VOC content in cleaning agents may affect the consumption of industrial cleaning agents. This in turn is anticipated to hinder the market during the forecast period.
Global Industrial Cleaning Agents Market: Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.
Evonik Industries AG
Spartan Chemical Company Inc.
The Dow Chemical Company.
Pilot Chemical Corp.
Croda International Plc
Air Products and Chemicals Inc.
Other Prominent Players
Global Industrial Cleaning Agents Market: Regions
Global Industrial Cleaning Agents market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA. Global Industrial Cleaning Agents market in Asia Pacific held the largest market share of XX.X% in the year 2020. Asia Pacific will continue to dominate the global industrial cleaning agents’ market due to rapid industrialization and urbanization. Higher demand for industrial cleaning agents in hospitals coupled with rising healthcare awareness and hygiene is anticipated to boost the global industrial cleaning market.
Global Industrial Cleaning Agents market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Industrial Cleaning Agents market report also contains analysis on:
Industrial Cleaning Agents Market Segments:
By Ingredient Type
Solubilizers / Hydrotrope and
By Product Type
Oven & Grill Cleaners
Automotive & Aerospace
Manufacturing & Commercial Offices
Retail & Food Service
Global Industrial Cleaning Agents market Dynamics
Global Industrial Cleaning Agents market size
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
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