Industrial and institutional Cleaning Chemicals Market Demand & Forecast Analysis
Industrial & Institutional Cleaning Chemicals Market
Industrial & institutional cleaning chemicals are commonly used in the maintenance of commercial, industrial, and public institutions. Alcohols, acids, solvents, disinfectants, bleaches, and surfactants are most common used cleaning chemicals. Growth in the industrial & institutional cleaning chemicals market is driven by rising sanitation and hygiene standards at public and private institutions. Strict food safety standard is also expected to propel the demand for cleaning chemicals.
Global Industrial & Institutional Cleaning Chemicals Market, By Region (Kilo Tons)
Based on the type, the industrial & institutional cleaning chemicals market is segmented into industrial and institutional. Industrial cleaning chemicals are further classified into hydrotropes, chelating agents, surfactants, pH regulators, solvents, and others, while institutional cleaning chemicals are classified into specialty cleaners, surface cleaners and bleaches.
In terms of end-use industry, the industrial & institutional cleaning chemicals market is segmented into Sanitation & Janitorial, Automotive & Transportation, Food & Beverages, Kitchen & Catering, Industrial & Manufacturing and Others, laundry & cleaning, industrial & manufacturing, and others. BASF, Ecolab, Henkel, Dow, Evonik, Kao Corporation, Diversey Holdings, Blue Moon (China) Co., Ltd., Stepan Company and Solvay are the key manufacturers in the industrial & institutional cleaning chemicals market.
On the back of widespread hygiene and sanitation efforts and high awareness among the populations, North America dominates the industrial & institutional cleaning chemicals market. The region also has the presence of key manufacturers and has high R&D spending on cleaning chemicals. The growth of the region’s industrial cleaning sector, supported by favourable government initiatives is estimated to augment the industrial & institutional cleaning chemicals market during the forecast.
Asia Pacific is the second biggest market for Industrial & institutional cleaning chemicals after North America. Industrial & institutional cleaning chemicals market in the region in led by China, followed by Japan and South Korea. Demand in the region is driven by robust industrial and automotive markets. Investments in the region is set to increase, as manufacturers capitalize on the abundance of raw materials, low cost of labour & land, and accessibility to growing domestic industrial & institutional cleaning chemicals market.
Global Industrial & institutional Cleaning Chemicals Market, By Application (Kilo Tons)
The COVID-19 pandemic impacted the global industrial & institutional cleaning chemicals market. Nationwide lockdowns and restrictions across all regions significantly contracted the industrial & institutional cleaning chemicals market in certain industries such as non-essential manufacturing, restaurant & hospitality, and construction. Sectors that remained open, on the other hand, like hospitals & healthcare, and essential manufacturing witnessed a demand surge for hygiene and sanitation chemicals, especially sanitization and disinfectant products.
Industrial & institutional cleaning chemicals market in these industries is likely to continue being robust during the forecast, as investments increase, concerns surrounding hygiene persist and health awareness among populations rise. Rising hygiene and sanitation standards is also estimated to drive the industrial & institutional cleaning chemicals market in industries (that remained down earlier) to strongly recover.
Global Industrial & institutional Cleaning Chemicals Market, By Application, 2021 (Kilo Tons)
Industrial & institutional cleaning chemicals contain corrosive and flammable chemicals. Common side effects of cleaning chemicals cause eye irritation, dizziness, and respiratory illnesses like throat irritation and chest tightening. Prolonged or excessive exposure to such chemicals results in harmful effects for the human body. Regulatory bodies like Centers for Disease Control and Prevention (CDC) and National Library of Medicine s (NLM) have acted in response to the effects of such chemicals by regulating its use. Regulations by government could thus restrain the industrial & institutional cleaning chemicals market during the forecast. New product launches and continuing innovation & developments present an immense opportunity for the growth of industrial & institutional cleaning chemicals market.
For instance, Clariant announced the launch of its new Vita 100% bio-based surfactants and polyethylene glycols (PEGs) in May 2022, as part of its initiatives to address climate change.
In April 2021, BASF expanded its EcoBalanced portfolio for detergents and cleaners’ industry, differentiating themselves in the marketplace while also meeting the demand for environment friendly products. Raw materials used in production of such bio-based chemicals help in reducing carbon footprint and significantly reduce the carbon dioxide emissions.
Given the current focus on circular economy approach being implemented by numerous manufacturers, the development of bio-based chemicals poses major opportunity for the growth of industrial & institutional cleaning chemicals market during 2022-2032.
