industrial and institutional cleaning chemicals market provides hygiene
chemicals for a variety of industries including food processing, healthcare,
hospitality, manufacturing, and commercial facilities. The chemicals include
general purpose cleaners, disinfectants, sanitizers, laundry detergents, and
bathroom cleaners that help maintain hygiene, infection control, and impart
freshness.
Industrial
And Institutional Cleaning Chemicals Market Growth have advantages such as removal of microbes, germs and allergens,
protection of infrastructure and equipment from damage and corrosion, and
boosting productivity by maintaining health and safety of workers. The growing
need for hygienic work conditions in industries along with infrastructure
development is fueling demand for these chemicals.
The Global Industrial & institutional cleaning products
Market is projected to reach around US$ 77.84 Billions by the end of 2030, in terms of revenue, growing at CAGR of 5.2% during
the forecast period (2023-2030).
Key Takeaways
Key players operating in the industrial and institutional cleaning
chemicals are Stem Cyte, Inc., CRYO-CELL INTERNATIONAL, INC., ViaCord, Cord
Blood Registry, SmartCells, Inc., LifeCell International Pvt. Ltd., Cryoviva
Biotech Pvt. Ltd., Cryo Stemcell, Reliance Life Sciences, and Transcell Biolife
Pvt. Ltd.
Key
players operating in the industrial and institutional cleaning chemicals are
focusing on eco-friendly product ranges. For instance, Ecolab Inc. offers
sustainable and biodegradable cleaning chemicals. Secondly, the rising demand
from industries such as manufacturing, healthcare, hospitality, and food
processing is propelling the growth of industrial cleaning chemicals market.
Technological advancements are also supporting the market growth. Enzymatic
cleaners and automated cleaning systems have improved efficacy and reduced
manual intervention.
Market trends: Green chemistry is
gaining popularity in industrial cleaning products with bio-based ingredients.
Natural and plant-based raw materials are being increasingly used. Also,
multi-purpose cleaners that can be used across a broad range of surfaces are in
demand to improve efficiency.
Market Opportunities: Waterless
cleaning technologies that do not require water and hence reduce water
consumption present an opportunity. Adoption of automated cleaning systems
integrated with IoT and AI could optimize cleaning processes. Growth of certain
industries like manufacturing and pharmaceuticals in developing regions will spur
cleaning chemical demand.
Impact of COVID-19 on Industrial
And Institutional Cleaning Chemicals Market Regional Analysis. The
COVID-19 pandemic has significantly impacted the growth of the industrial and
institutional cleaning chemicals market. During the initial months of the
pandemic, due to the nationwide lockdowns imposed in various countries, there
was a halt in industrial and commercial activities which led to a decline in
demand for cleaning chemicals from these sectors. However, with the rising
awareness about health and hygiene, the demand for cleaning chemicals picked up
pace from the latter half of 2020 as economic activities started resuming
gradually. The pandemic emphasized on the importance of sanitization and
disinfection of all public places including hospitals, factories, schools,
retail outlets etc. to curb the spread of the virus. This led to an increased
focus on cleaning and disinfection practices across industries using
specialized chemicals and products. The manufacturing units also ramped up production
of cleaning and disinfectant chemicals in line with the growing requirements
from various end use industries. Looking ahead, stringent hygiene regulations
and policies implemented by governments globally post pandemic are expected to
boost the usage of industrial and institutional cleaning chemicals over the
forecast period. The market players are also innovating their product
portfolios and launching chemicals certified to eliminate coronavirus and other
pathogens to capitalize on the opportunities arising due to pandemic.
Geographical Regions with High
Concentration in Industrial And Institutional Cleaning Chemicals Market
North America currently accounts for the largest share in the global industrial
and institutional cleaning chemicals market in terms of value. This is
attributed to well established cleaning practices in industries and commercial
establishments along with stringent norms regarding hygiene and workplace
safety set by regulatory agencies in the region. Europe stands as the second major
market on account of growing cleaning and sanitation activities across
manufacturing facilities, retail outlets and other commercial spaces. Asia
Pacific is expected to witness the fastest growth over the coming years led by
rapidly developing industrial and service sectors coupled with rising
disposable income levels in countries like China and India driving demand from
institutional segments.
Fastest Growing Region for Industrial And Institutional Cleaning Chemicals
Market
Asia Pacific region is expected to emerge as the fastest growing market for
industrial and institutional cleaning chemicals during the forecast period from
2024 to 2031. This can be attributed to expanding manufacturing and
construction industries, growing population, rapid urbanization, increasing
focus on health and hygiene and changing lifestyle in Asia Pacific countries
especially China and India. The demand is also being driven by stringent
government regulations regarding workplace cleanliness and safety.
Additionally, global market players are shifting their production facilities to
Asia Pacific owing to availability of cheap labor and resources which is also
positively impacting the growth of cleaning chemicals market in the region.
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