In 2022, it is predicted that the industrial and institutional hand hygiene chemicals market will be worth US$1,462.8 Mn. Since a few years ago, there has been a noticeable increase in the demand for hand hygiene chemicals, which are now used in a variety of end-use industries, including the workplace, healthcare, industrial sectors, etc.
The market for chemicals used in industrial and institutional hand washing is anticipated to grow at a CAGR of 5.1% from 2022 to 2032, reaching US$ 2,546.4 Mn in 2032, according to FMI.
Hand hygiene chemicals are the primary defense against infections and cross contamination risks. The pharmaceutical & healthcare industry, both acute and non-acute, is the largest vertical for hand hygiene chemical products, followed by the food & beverage processing and foodservice industry
The market for hand sanitizers has experienced particularly strong growth since last few years, becoming commonplace in many healthcare and food processing facilities as well as in general office work spaces. Alcohol-based hand sanitizers will continue to hold the majority market share, even though non-alcohol-based sanitizers offer several key benefits.
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One important hindrance which can affect the growth of this market is increased usage of gloves in work environments such as industries and hospitals.
Consumers who are less aware of the usefulness of these products and underexposed to changing lifestyle tend to think twice before buying it due to their afterthought of chemical substances being more harmful. Factors such as these can hamper market growth over the forecast period.
Industrial and Institutional Hand Hygiene Chemicals: Regional Outlook
The Global Industrial and Institutional hand hygiene chemicals market can be divided into seven geographical locations such as North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.
The North American market share is forecasted to have the highest share as consumers in this region have higher awareness regarding personal hygiene and also the growing number of blue collar workers in this region is expected to have a positive impact on the growth of market in this region.
The market share in the European region is also high due to growing number of industries and hospitals built. The Asian market is forecasted to be on the lower side but tends to improve at a much faster growth rate due to rapid spread of health awareness and safety.
Industrial and Institutional Hand Hygiene Chemicals Market: Key Players
Some of the major players which provide the Industrial and Institutional Hand Hygiene Chemicals are
- Kutol Products Company, Inc.
- Reinol-Janek Chemicals (Pty) Ltd.
- Woodbine Products Company
- State Chemical Solutions
- Chemiphase Ltd.
- Sure Chemicals Ltd.
- Reckitt Benckiser Group plc
- Azett-Seifenfabrik GmbH & Co.
- Stanrose Envirotech India Pvt. Ltd.
- Altret Industries Pvt. Ltd.
- Deb Group
- Steris plc
- EcoHydra Technologies Ltd.
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Industrial and Institutional Hand Hygiene Chemicals: Segmentation
On the basis of state of the product
- Solid state products
- Liquid state products
- Paper based products (Liquid imbibed in solid)
- Gel based products
On the basis of product type
- Soaps
- Regular Soaps
- Antibacterial Soaps
- Industrial Heavy-duty Soaps
- Sanitizers
- Alcohol-based
- Non-alcohol-based
- Others
- Protectors (Barrier Creams, etc.)
- Restorers (Moisturizers, etc.)
On the basis of purpose of the product
- Antiseptic
- Antimicrobial
On the basis of End-use Verticals
- Food & Beverage Processing & Foodservice
- Pharmaceutical & Healthcare
- Retail
- Manufacturing Units and Industrial Services
- Educational Institutions
- Office Work Spaces
- Others (Agriculture, Forestry, etc.)
By Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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