June 01, 2020
According to the research report titled ‘Global Industrial Cleaning Services Market Size study, by Type (Equipment cleaning, Shop floor cleaning, Public areas cleaning and Window cleaning), by Application (Commercial, Industrial and Residential) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global industrial cleaning services market is predicted to generate substantial revenue during the period of 2020-2026.
Notably, industrial cleaning chemicals are used in routine cleaning of industrial facilities, R&D laboratories, institutes, offices, and warehouses among others. Raw materials including surfactants, chelating agents, and solvents are widely adopted in various cleaning applications. Moreover, industrial cleaning is used across numerous industry verticals such as automotive & aerospace, hospitality, healthcare, manufacturing & commercial offices, retail & food service, and food processing industries.
Spike in disposable income and shifting focus towards creating a safe and hygienic environment among organizations are major factors driving the growth of the industrial cleaning services market. Development of innovative products and services and several strategic alliances among key industry players are also fueling the market size. For instance, Evonik introduced a new online customer platform called intoCleaning, which enables customers to examine chemical solutions quickly. However, strict environmental regulations may inhibit the market expansion, cites the study.
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As per type, the market is categorized into window cleaning, public areas cleaning, shop floor cleaning and equipment cleaning. Based on the application landscape, the industry is classified into residential, commercial, and industrial segments.
From the regional point of view, the industrial cleaning services market in Asia-Pacific is slated to showcase robust CAGR during the period of 2020-2026.
Croda International PLC, Pilot Chemical Corp., Solvay SA, Ecolab Inc., Spartan Chemical Co. Inc., Stepan Co., The Dow Chemical Co., BASF SE, Evonik Industries AG and Diversey Inc. are the major companies defining the competitive landscape of industrial cleaning services market.