Industrial And Institutional Cleaning Chemicals Market Size, Share & Trends Analysis Report By Raw Material (Chlor-alkali, Surfactants), By Product (General Purpose Cleaners, Disinfectants and Sanitizers), By End-Use, By Region, And Segment Forecasts, 202
Industrial And Institutional Cleaning Chemicals Market Size, Share & Trends Analysis Report By Raw Material (Chlor-alkali, Surfactants), By Product (General Purpose Cleaners, Disinfectants and Sanitizers), By End-Use, By Region, And Segment Forecasts, 2024 - 2030
Industrial And Institutional Cleaning Chemicals Market Growth & Trends
The global industrial and institutional cleaning chemicals market size is expected to reach USD 128.0 billion by 2030, registering a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by demand from the healthcare sector and the requirement for cleaning and disinfectants by manufacturing facilities worldwide.
Piling demand for plant oil-based cleaning chemicals and disinfects from the household, commercial, and various public spaces are also expected to boost the market growth. In the wake of pandemics and various other infectious diseases, the product market has achieved inclined growth over the recent years. As the awareness about the importance of disinfecting and chemical cleaning is increasing, the market is expected to show progression.
The advancement and expansion in the chemicals industry have directly impacted the market positively. The requirement for chemicals as both cleaners and disinfectants has led to growth in general-purpose cleaners. Furthermore, R&D in the chemicals industry has also led to the development of industrial & institutional cleaning chemicals.
The COVID-19 pandemic has positively impacted the market. Amidst the global pandemic, the demand for sanitizers and disinfected surged, owing to the fright of the spreading of infection. Even the authorities and various healthcare institutions, including WHO, are promoting the utilization of disinfectants and sanitizers for the protection and prevention of COVID-19, which is anticipated to further augment the product demand on a global scale.
Industrial And Institutional Cleaning Chemicals Market Report Highlights
General-purpose cleaner’s product segment dominated the market with a revenue share of over 34% in 2023
The commercial segment dominated the market with a revenue share of more than 69% in 2023
North America dominated the market with a revenue share of over 33% in 2023
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