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Industrial Cleaners Market Outlook
According to ChemView Consulting’s survey, the global Industrial Cleaners market accounted for US$ 23.4 Bn in 2021. Driven by increasing demand for degreasers, expanding healthcare spending throughout the world, the introduction of stringent sanitation and hygiene regulations for the food processing industry, and rising investments in the retail sector, the market is predicted to increase at a CAGR of 5.1% between 2022 and 2030.
Considering this, ChemView Consulting has projected the global market to reach US$ 34.9 Bn in 2030.
| Estimated Year Market Value (2021E) | US$ 23.4 Bn |
| Projected Year Market Value (2031F) | US$ 34.9 Bn |
| Global Market CAGR (2022-2030) | 5.1% |
| Market Share of the Largest Region: North America | >30% |
| Market Share of Largest Segment: Degreasers | >35% |
Key Market Insights
Market Segmental Analysis: By Type, Mode of Distribution, End-Use Industry, By Region
Competition Assessment
Due to the presence of a large number of global and local companies across various geographies, the global industrial cleaners market is highly fragmented. Tier-I players account for roughly 25-28 % of the worldwide industrial cleaners market, with the remaining 72-75 % being accounted for by other global and domestic businesses.
Some of the key players present in the global Industrial Cleaners market are:
Key Developments in Industrial Cleaners Market
| In 2021, Diversey Holdings, Ltd. announced the signing of an agreement to purchase Tasman Chemicals. Tasman Chemicals also provides hygiene and cleaning chemicals to various industries, including institutional and others. | In 2021, Azelis has announced that it has reached a deal to buy the distribution assets of Indian businesses Spectrum Chemicals and Nortons Exim Private Limited, both of which provide cleaning chemicals for industrial use. As a result, the purchase will help Azelis grow its industrial cleaning chemical business. |
| In 2021, LANXESS finalized the purchase of INTACE SAS, a biocide firm situated in Paris, which will help expand the company’s product line. | In 2019, Nouryon has decided to quadruple capacity at its surfactants factory in Stenungsund, Sweden, to support the expansion of numerous established products as well as new sustainable technologies for sectors such as oil and gas, lubricants and fuels, and asphalt. |
Segments Covered in Report
By Product Type:
By End-Use Industry:
By Region and Country:
Global Industrial Cleaners Market 2022-2030: Report Coverage and Highlights
| Research Scope | Details |
| Forecast Period | 2022-2030 |
| Historical Data Available for | 2017-2021 |
| Market Analysis | USD Million for Value and Kilo Tons for Volume, and CAGR from 2021 to 2031 |
| Key Regions Covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key Countries Covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key Segments Covered | Product Type, End-Use Industry |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Frequently Asked Questions
Due to growing awareness about health, safety, and hygiene, the industrial cleaning chemicals market is expected to grow positively during the forecast period.
Major market participants identified across the global industrial cleaners market value chain are BASF SE, The Dow Chemical Company, Croda International Plc, Huntsman Corporation, Evonik Industries AG, Mitsubishi Chemical Holdings Corporation, Solvay S.A., Akzo Nobel N.V., and Clariant.
The healthcare industry dominated the industrial cleaning market and is expected to be the fastest growing market over the next five years, owing to growing investments in the healthcare sector and technological advancements.
The growing shift towards bio-based products is expected to drive adoption in the global market.
Note: The list of companies is not exhaustive, and it is subject to further refinement and expansion during research
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