Industrial Cleaning Market Worth 50.24 Billion USD by 2020
PUNE,India, March 2, 2016 /PRNewswire/ --
The report "Industrial Cleaning Market by Ingredient (Chelating Agents, Solvents, Surfactants, pH regulators), by Application (Manufacturing, Healthcare, Retail, Hotels) and by Product (General Cleaners, Metal Cleaners, Dishwashers) - Global Trends & Forecast to 2020", published by MarketsandMarkets, The market size was USD 39.24 Billion in 2014, and is projected to reach USD 50.24 Billion by 2020, at a CAGR of 4.2% between 2015 and 2020.
Rising awareness on health & hygiene, safety liability on the part of the company or an institution and growing demand from the application industries are the major drivers for the market.
Browse 88 Tables and 57 Figures spread through 164 Pages and in-depth TOC on "Industrial Cleaning Market"
http://www.marketsandmarkets.com/Market-Reports/industrial-institutional-cleaning-chemicals-market-52902227.html
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Surfactant captures the maximum share in the Industrial Cleaning Ingredients Segment:
As of 2015, surfactant was the most widely used ingredient in Industrial cleaning market, and projected to experience high growth rate. Surfactants act as detergents, wetting agents, foaming agents, emulsifiers, and dispersants. Hence, with new research studies being carried out about the commercial use of surfactant properties, their application areas are expanding. Surfactants were mainly known for their use in detergent and soap industries. Broadened application in variety of industry cleaning segments has increased the overall demand for surfactants.
Growing demand from the Manufacturing and Commercial Offices application:
The market for I&I cleaning chemicals market is also segmented on the basis of application. The major application of the I&I cleaning chemicals are manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace, food processing, and others. Manufacturing and commercial offices are the largest consumers for I&I cleaning chemicals and these chemicals are mainly used for machinery cleaning and general cleaning in this application. Healthcare is the fastest growing application between 2015 and 2020. The application is expected to grow due to heavy spending in healthcare activities in developed economies in North America and Europe. Moreover, rising awareness and growth in healthcare investment are the major factors boosting the Industrial & Institutional cleaning chemicals market.
Asia-Pacific: The largest market for Industrial Cleaning Market:
The market for Industrial cleaning market is broadly segmented into six regions, namely, Asia-Pacific, North America, Western Europe, Eastern & Central Europe, South America and Middle East & Africa. Asia-Pacific is the largest markets in the Industrial cleaning, in terms of value. Asia-Pacific market is estimated to grow on account of rising awareness on cleanliness and hygiene, and growing demand from the application industries. Western Europe and North America, which are mature markets for Industrial Cleaning Market, are expected to grow at a moderate rate on account of rising demand from the healthcare sector.
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Currently, the global Industrial & Institutional cleaning chemicals market is dominated by various market players such as Sealed Air (U.S.), Evonik Industries AG (Germany), BASF SE (Germany), Stepan Company (U.S.), Solvay SA (Belgium), Air Products and Chemicals Inc. (U.S.), Croda International Plc (U.K.), Ecolab (U.S.), Pilot Chemical Corp. (U.S.), Spartan Chemical Company Inc., (U.S.), and The Dow Chemical Company (U.S.).
The research study is aimed at identifying emerging trends and opportunities in the global Industrial cleaning chemicals market along with a detailed classification of the market, in terms of value. It provides a comprehensive competitive landscape and identifies the key players with respect to market size. The research study also includes a detailed segmentation of the global Industrial cleaning chemicals market on the basis of application industries, ingredient type, and region.
Apart from the market segmentation, this report also adopts the Porter's five forces analysis for an in-depth analysis of the market by providing a detailed process flow diagram and market dynamics such as drivers, restraints, and opportunities in the global I&I cleaning chemicals market.
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