Cleaning Chemicals Market Forecasts to 2030 – Global Analysis By Product (Industrial Cleaning Chemicals, Vehicles Washing Products, Kitchen Products, Laundry Products and Other Products), Application, Distribution Channel and by Geography

Cleaning Chemicals Market Forecasts to 2030 – Global Analysis By Product (Industrial Cleaning Chemicals, Vehicles Washing Products, Kitchen Products, Laundry Products and Other Products), Application, Distribution Channel and by Geography

According to Stratistics MRC, the Global Cleaning Chemicals Market is accounted for $73.92 billion in 2024 and is expected to reach $109.08 billion by 2030 growing at a CAGR of 6.7% during the forecast period. Cleaning chemicals are substances that have been specially formulated to get rid of contaminants, stains, and dirt from different kinds of surfaces. They include a broad variety of goods, each intended for a particular cleaning purpose, such as detergents, sanitizers, disinfectants, and detergents. Moreover, contemporary cleaning agents are frequently designed to be safe for users and the environment yet highly effective against a wide range of pathogens.

According to the American Cleaning Institute (ACI), cleaning chemicals are essential for maintaining hygiene and safety in various settings, ensuring that environments are free from harmful pathogens and contaminants.

Market Dynamics:

Driver:

Raising hygiene awareness

Particularly since the COVID-19 pandemic, people's awareness of the importance of environmental and personal hygiene has increased. The importance of routine cleaning and sanitization procedures in residences, offices, and public areas has increased as a result. Additionally, an increasing number of consumers are becoming aware of the health hazards linked to inadequate hygiene, which is fueling the need for efficient cleaning agents to keep surfaces clean and stop the spread of viruses.

Restraint:

Environmental and health issues

Volatile organic compounds (VOCs), harsh acids, and other toxic ingredients found in many cleaning products can be harmful to users' health and the environment. Extended exposure to these compounds may result in skin irritations, respiratory disorders, and other health complications. Furthermore, if these chemicals are not disposed of properly, they may contaminate water sources and harm aquatic life. This could result in more oversight and regulation, which could restrict market expansion.

Opportunity:

Growing consumer demand for sustainable and green products

The demand for green and eco-friendly cleaning products is being driven by growing environmental consciousness and concern. Businesses and consumers alike are looking for cleaning products that are made of natural ingredients, biodegradable, and non-toxic substances. Manufacturers have an opportunity to create and market eco-friendly products owing to this trend. Moreover, green chemistry innovations, like using natural disinfectants and plant-based surfactants, can meet this expanding demand and take a sizable portion of the market.

Threat:

Strong market rivalry

The market for cleaning chemicals is very competitive, with many well-established companies and recent newcomers constantly fighting for market share. Price wars resulting from this fierce competition can put pressure on profit margins and make it difficult for businesses to stay profitable. Furthermore, a significant amount of money must be spent on marketing and research in order to continually innovate and differentiate products, and these efforts may not always provide the anticipated return on investment.

Covid-19 Impact:

Due to the COVID-19 pandemic, the demand for disinfectants, sanitizers, and other cleaning supplies surged to previously unheard-of levels as hygiene and sanitation gained importance on a global scale. Consumption in the commercial and residential sectors, including hospitals, offices, schools, and public transportation, increased as a result of the increased awareness of the significance of cleanliness in preventing the transmission of viruses. Moreover, to meet the surge in demand, manufacturers increased their output and innovated more, frequently concentrating on creating products with demonstrated effectiveness against the virus.

The Industrial Cleaning Chemicals segment is expected to be the largest during the forecast period

In the cleaning chemicals market, industrial cleaning chemicals segment usually hold the largest share. This market category includes a broad range of goods intended to preserve sanitation and hygienic conditions in a variety of industrial environments, including factories, food processing facilities, and medical facilities. These substances include strong detergents, disinfectants, and specialty cleaners that are designed to adhere to strict regulations, protect worker safety, and maintain product quality. Additionally, the market for industrial cleaning chemicals is driven by the need for practical solutions to tackle challenging cleaning jobs, preserve equipment performance, and adhere to safety and environmental regulations.

The Healthcare segment is expected to have the highest CAGR during the forecast period

In the cleaning chemicals market, the healthcare sector is anticipated to grow at the highest CAGR. The COVID-19 pandemic has raised awareness of infection control and the significance of upholding strict hygiene standards in healthcare facilities. Specialized cleaning agents that can efficiently eradicate a broad spectrum of pathogens, such as bacteria, fungi, and viruses, are necessary for hospitals, clinics, and other medical establishments in order to stop the spread of infections. Furthermore, the demand for cutting-edge and efficient cleaning solutions is being driven by rising global healthcare costs, the growth of healthcare facilities, and strict regulatory requirements for hygienic conditions.

Region with largest share:

The market for cleaning chemicals is dominated by North America. The strong demand for cleaning and sanitation products in a variety of industries, such as healthcare, food processing, and commercial buildings, is the main factor contributing to this region's dominance. North America is in the lead because of its many well-established businesses, sophisticated manufacturing capabilities, and strict regulations. Moreover, the region's market is growing due to factors like the adoption of innovative cleaning solutions in both residential and industrial applications and the emphasis on upholding high hygiene standards.

Region with highest CAGR:

In the cleaning chemicals market, Asia-Pacific is growing at the highest CAGR. The demand for cleaning products is rising sharply in the residential, commercial, and industrial sectors due to the region's rapid urbanization, industrialization, and rise in disposable income. The need for efficient cleaning solutions is rising due to expanding industries like healthcare, food processing, and manufacturing. Additionally, Asia-Pacific is a dynamic and quickly growing market due in large part to the region's focus on raising hygiene standards and adoption of cutting-edge cleaning technologies.

Key players in the market

Some of the key players in Cleaning Chemicals market include DuPont de Nemours, Inc., BASF SE, Hindustan Unilever Limited, Diversey Inc., Henkel AG & Co. KGaA, 3M Company, Reckitt Benckiser Group plc, Schevaran Laboratories, Clariant AG, Ecolab Inc., Albemarle Corporation, Jyothy Laboratories and The Procter & Gamble Company.

Key Developments:

In April 2024, BASF signed a 25-year power purchase agreement (PPA) with China Energy Engineering Group Guangdong Electric Power Design Institute Co., Ltd. (GEDI) to purchase renewable electricity for its Zhanjiang Verbund site. The PPA is a further step in the renewable energy partnership between BASF and GEDI following the Letter of Intent (LOI).

In February 2024, Henkel is acquiring Vidal Sassoon in Greater China from Procter & Gamble (P&G) to strengthen its luxury hair care business in the country. The German consumer goods company has signed an agreement to purchase the Chinese operation of the Vidal Sassoon brand and its related hair care business.

In August 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions and regulatory approval.

Products Covered:
• Industrial Cleaning Chemicals
• Vehicles Washing Products
• Kitchen Products
• Laundry Products
• Other Products

Applications Covered:
• Food Processing
• Food Services & Retail
• Healthcare
• Manufacturing and Commercial office
• Transportation
• Other Applications

Distribution Channels Covered:
• Supermarkets & Hypermarkets
• Convenience Stores
• Online Retail
• Other Distribution Channels

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements