NEW YORK, Dec. 8, 2021 /PRNewswire/ --
The 120-page report on the industrial cleaning chemicals market has been segmented by end-user (manufacturing and commercial offices, healthcare, retail and foodservice, hospitality, and others) and geography (APAC, North America, Europe, South America, and MEA).
By end-user, the manufacturing and commercial offices segment will have significant market share growth during the forecast period. There is high demand for industrial cleaning chemicals from the manufacturing industry. An increase in awareness regarding workplace hygiene and growth in commercial office spaces are some of the factors driving the demand for industrial cleaning chemicals.
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The industrial cleaning chemicals market is expected to grow by USD 11.77 billion from 2020 to 2025. The growth momentum of the market is expected to accelerate at a CAGR of 4.49%.
Industrial Cleaning Chemicals Market: Major Growth Drivers
Industrial cleaning chemicals ensure the hygiene and cleanliness requirements of healthcare facilities and the manufacturing units of healthcare equipment. The growth in healthcare spending will lead to a rise in the number of healthcare facilities and equipment manufacturing. Thus, the increase in healthcare spending will drive the growth of the industrial cleaning chemicals market.
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Industrial Cleaning Chemicals Market: Key Vendor Offerings
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Industrial Cleaning Chemicals Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.49% |
Market growth 2021-2025 |
USD 11.77 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.00 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Germany, Mexico, Japan, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., BASF SE, Clariant International Ltd., Croda International Plc, Diversey Inc., Evonik Industries AG, Solvay SA, Stepan Co., The Dow Chemical Co., and The Procter and Gamble Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
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