Cleaning Products Demand Predicted to Reach $16B

The global market for industrial cleaning products is expected to reach US$16.1 billion by 2027 with a compounded annual growth rate—or CAGR—of 3.9%, according to a new study from market research firm Research and Markets.

The report forecasts stricter hygiene and safety regulations due to the global COVID-19 pandemic along with a continued shift to environmentally friendly solutions will drive the demand for cleaning products. The study also predicts China and the United States will be the leading regions for the industrial cleaning products due to evolving market conditions