February 04, 2021
As cited by the business intelligence report titled ‘Global Industrial Cleaning Market Size study, by Ingredients (Surfactants, Solvents, Chelating Agent, pH Regulators, Others) by Type (General Cleaners, Metal Cleaners, Disinfectants, Commercial Laundry, Dish Washing, Oven & Grill Cleaners, Food Cleaners) by Application (Manufacturing & Commercial Offices, Healthcare, Retail & Food Service, Hospitality, Food Processing, Automotive & Aerospace, Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global industrial cleaning market accounted for USD 46.8 billion in 2019 and is predicted to record a CAGR of 5.11% during 2020-2027.
According to seasoned experts, widespread adoption for numerous cleaning applications across various manufacturing verticals, coupled with increasing research and development activities for advanced cleaning solutions are propelling the expansion of the global industrial cleaning market sphere.
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For the uninitiated, industrial cleaners refer to dedicated chemicals that are used in cleaning applications across an array of business verticals. They are primarily utilized for cleaning machinery as well as equipment that are used in manufacturing processes.
Factors such as growing consciousness among the population regarding personal health and hygiene, rising prevalence of infectious diseases, and inclination towards environment friendly industrial cleaning solutions are stimulating the global industrial cleaning market outlook.
Growing focus of industry partakers towards developing innovative products, ongoing technological advancements, and favorable strategic alliances are furthering business development. However, imposition of stringent regulatory standards pertaining to industrial cleaning is a major restraining factor for the overall industry expansion during the stipulated timeframe.
Based on ingredients, the business sphere is segmented into pH regulators, chelating agents, solvents, and surfactants. With regards to product landscape, the industry is fragmented into food cleaners, oven & grill cleaners, dish washing, commercial laundry, disinfectants, metal cleaners, and general cleaners.
The application spectrum of the market comprises of automotive & aerospace, food processing, hospitality, retail & food services, healthcare, manufacturing & commercial offices among others.
From a regional angle, North America accounts for a majority of the global industrial cleaning market share presently, on account of favorable standard cleaning protocols in the region along with growing awareness regarding personal health and safety.
On the other hand, Asia-Pacific market is projected to grow rapidly over 2020-2027, owing to growing consumer awareness and rapid industrialization in the region.
Key participants of worldwide industrial cleaning business vertical include Croda International plc, Pilot Chemical Corp., Solvay S.A., Ecolab Inc., Spartan Chemical Company Inc., Stepan Company, Dow Chemical Company, BASF SE, Evonik Industries AG, and Diversey Inc among others.