Industrial Cleaning Chemicals Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43341
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The industrial cleaning chemicals market share is expected to increase by USD 11.77 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.49%.

This industrial cleaning chemicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial cleaning chemicals market segmentation by end-user (manufacturing and commercial offices, healthcare, retail and foodservice, hospitality, and others) and geography (APAC, North America, Europe, South America, and MEA). The industrial cleaning chemicals market report also offers information on several market vendors, including 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. among others.

What will the Industrial Cleaning Chemicals Market Size be During the Forecast Period?

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Industrial Cleaning Chemicals Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increase in healthcare spending is notably driving the industrial cleaning market growth, although factors such as stringent regulations on cleaning chemicals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial cleaning chemicals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Cleaning Chemicals Market Driver

The healthcare industry is one of the key end-users in the global industrial cleaning chemicals market. Industrial cleaning chemicals are very important as they support the hygiene and cleanliness requirements of healthcare facilities and the manufacturing units of healthcare equipment. The healthcare industry has been growing stably due to favorable support from the governments, the increasing prevalence of chronic diseases, and the rising emphasis on a healthy lifestyle among the population of both developed and developing nations. These factors have led to an increase in healthcare spending. The growth in healthcare spending will lead to an increase in the number of healthcare facilities and equipment manufacturing. The installation process will require cleaning chemicals. Thus, the increase in healthcare spending will drive the growth of the industrial cleaning chemicals market.

Key Industrial Cleaning Chemicals Market Challenge

Cleaning chemicals constitute several ingredients, out of which many ingredients are toxic as well and have a bad impact on health. Due to this, the production and use of cleaning chemicals are regulated across the globe. In the EU, several rules are defined to make the use of these products safer. The market for industrial cleaning chemicals is highly regulated, and any non-adherence to policies can result in the cancellation of production licenses or can hamper the brand image of manufacturers and impact their financial performance. Thus, stringent regulations act as a potential barrier to the growth of the market.

This industrial cleaning chemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Cleaning Chemicals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • BASF SE
  • Clariant International Ltd.
  • Croda International Plc
  • Diversey Inc.
  • Evonik Industries AG
  • Solvay SA
  • Stepan Co.
  • The Dow Chemical Co.
  • The Procter and Gamble Co.

 

This statistical study of the industrial cleaning chemicals market encompasses successful business strategies deployed by the key vendors. The industrial cleaning market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial cleaning chemicals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Cleaning Chemicals Market?

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41% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for industrial cleaning chemicals in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

A rapid increase in the consumption of industrial products in Asia and the growing dominance of the region in the global flow of innovation, trade, talent, and capital, has resulted in making APAC the center of global industrial activities. This will facilitate the industrial cleaning chemicals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Industrial Cleaning Chemicals Market?

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The industrial cleaning chemicals market share growth by the manufacturing and commercial offices segment will be significant during the forecast period. The demand for industrial cleaning chemicals from the manufacturing industry is high. Factors such as an increase in awareness regarding workplace hygiene and growth in commercial office spaces are driving the demand for industrial cleaning chemicals. Rising globalization and growth in economic activities have resulted in the opening up of numerous corporate offices, leading to an increase in commercial office areas across all regions. These factors will drive the demand for industrial cleaning chemicals from the manufacturing and commercial offices segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial cleaning market size and actionable market insights on post COVID-19 impact on each segment.

 

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

$ 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

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What are the Key Data Covered in this Industrial Cleaning Chemicals Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial cleaning chemicals market growth during the next five years
  • Precise estimation of the industrial cleaning chemicals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial cleaning industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial cleaning market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Manufacturing and commercial offices - Market size and forecast 2020-2025
    • Healthcare - Market size and forecast 2020-2025
    • Retail and foodservice - Market size and forecast 2020-2025
    • Hospitality - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • BASF SE
      • Clariant International Ltd.
      • Croda International Plc
      • Diversey Inc.
      • Evonik Industries AG
      • Solvay SA
      • Stepan Co.
      • The Dow Chemical Co.
      • The Procter and Gamble Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The industrial cleaning chemicals market growth will increase by $11773.49 million during 2020-2025.
      The industrial cleaning chemicals market is expected to grow at a CAGR of 4.49% during 2020-2025.
      Technavio has segmented the industrial cleaning chemicals market by end user (Manufacturing and commercial offices, Healthcare, Retail and foodservice, Hospitality, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
      3M Co., BASF SE, Clariant International Ltd., Croda International Plc, Diversey Inc., Evonik Industries AG, Solvay SA, Stepan Co., The Dow Chemical Co., The Procter and Gamble Co. are a few of the key vendors in the industrial cleaning chemicals market.
      APAC will register the highest growth rate of 41.47% among the other regions. Therefore, the industrial cleaning chemicals market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the industrial cleaning chemicals market growth are:
      • Increase in healthcare spending
      The industrial cleaning chemicals market vendors should focus on grabbing business opportunities from the manufacturing and commercial offices segment as it accounted for the largest market share in the base year.
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