Industrial Cleaning Market Poised to Grow to $61B in 4 Years
January 13, 2022
The industrial cleaning chemicals market is expected to reach US$61.6 billion by 2026, at a compound annual growth rate (CAGR) of 5.1% from $48.1 billion in 2021, according to a report from MarketsandMarketsTM.
Industrial cleaning chemicals are ideal for various industrial applications and are widely used in commercial offices; manufacturing, automobile, and food processing industries; and institutions such as hospitals, retailers, hotels, and restaurants. Some industrial cleaning chemicals are subject to various government and environmental regulations due to their volatile organic compound (VOC) content. For instance, solvent-based cleaning products contain mineral spirits, a solvent commonly used for hard surface cleaning because of their ability to quickly dissolve oil, grease, dirt, grime, burnt-on carbon, and heavy lubricants.
The report offered the following projections for the period between 2021 and 2021:
- Surfactants will be the fastest-growing ingredient type in the industrial cleaning chemicals market. Surfactants are organic chemicals that change the properties of water by lowering its surface tension. This change enables the cleaning solution to wet a surface so the soil can be readily loosened and removed.
- The general cleaning and medical device cleaning segment will be the fastest-growing product type in the industrial cleaning chemicals market. General cleaners include chemicals used for floor care, hard surface care, and carpet care. They are used to clean and maintain basic hygiene at the workplace.
- Health care will be the fastest-growing application in the industrial cleaning chemicals market. The segment involves cleaning surfaces in preparation for sterilization, disinfecting, and cleaning of floors. The increasing demand for the elimination of hazardous air pollutants (HAPs) and pathogens is driving growth in the healthcare segment.
Key market players profiled in the report include Diversey, Dow Chemical Co., Ecolab Inc., and Nyco Products Co.
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