According to the new market research report “Industrial Cleaning Market by Ingredient Type (Surfactant, Solvent, Chelating Agent), Product Type (General and Metal Cleaners), Application (Manufacturing & Commercial Offices, Healthcare, Retail & Foodservice), Region – Global Forecast to 2024″, The global industrial cleaning chemicals market size is projected to reach USD 58.2 billion by 2024, at a CAGR of 4.5% from USD 46.8 billion in 2019.
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The global industrial cleaning chemicals market size is projected to reach USD 58.2 billion by 2024, growing at a CAGR of 4.5% from 2019. Industrial cleaning chemicals are used for cleaning in the industrial and institutional sectors, such as manufacturing, commercial offices, banks, hospitals, hotels, food processing companies, and electronic equipment. The growth in various applications, coupled with the rising awareness regarding hygiene and cleanliness, is driving the growth of the industrial cleaning chemicals industry globally.
There are various ingredients used in the formulation of cleaning products, including surfactants, chelating agents, solvents, pH regulators, solubilizes/hydrotropes, and others. Surfactants, also called surface-active agents, are organic chemicals that change the properties of water by lowering the surface tension of water. They enable the cleaning solution to wet a surface (such as clothes, dishes, and countertops) more quickly, so soil can be readily loosened and removed (usually with the aid of mechanical action). Surfactants are the most widely used ingredient in everyday cleaning products. Due to their high performance in the industrial cleaning products, the demand for surfactants is very high. Surfactants accounted for the largest share in terms of value in 2018.
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The global industrial cleaning chemicals market size is projected to reach USD 58.2 billion by 2024 from USD 46.8 billion in 2019, at a CAGR of 4.5% between 2019 and 2024. The rising demand from manufacturing, healthcare, and retail & foodservice applications is expected to support the growth of the industrial cleaning chemicals market. However, stringent regulations imposed by the government of various countries on the use of a few chemicals are restraining the growth of the market. The development of green and bio-based cleaning chemicals has created opportunities for manufacturers. Diversey Inc. (US), Ecolab (US), BASF SE (Germany), The Dow Chemical Company (US), and Clariant (Switzerland) are the major players in the industrial cleaning chemicals market.
Diversey Inc. (US) is one of the leading producers of industrial cleaning chemicals. The company actively invests in R&D for creating innovative solutions for the industrial cleaning chemicals market.
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Ecolab (US) is another leading player in this market. The company invests vigorously in R&D for new technologies and innovations in product development. The company aims at expanding its presence in Europe with the help of acquisitions.
BASF SE (Germany) is also a leading producer of industrial cleaning chemicals. The company invests heavily in R&D to develop innovative products.
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