In 2024, the market is expected to be worth a staggering US$ 26.20 billion, driven by increasing demand for industrial and institutional cleaning chemicals. Future Market Insights forecasts that the industrial cleaner industry is likely to see significant growth in the coming years. The projected compound annual growth rate (CAGR) of 5.2% between 2024 and 2034 is expected to propel the market to reach a value of US$ 43.91 billion, indicating a positive outlook for the industrial cleaner industry.
The industrial cleaning method has been completely transformed by recent advancements in cleaning technology. Developing new and sophisticated cleaning solutions has made industrial cleaners more and more successful in getting rid of even the toughest filth and grime. Modern cleaning technologies are revolutionizing the industrial cleaning industry, providing employees with a safer and more sanitary work environment and improving the overall efficiency of industrial facilities.
The need for industrial cleaners has significantly increased due to the rapid rise of the manufacturing sector and industrialization. The demand for effective and efficient cleaning solutions has grown as businesses expand their operations and manufacturing facilities. As a result, several industrial cleaners have been created to address the different kinds of filth, grime, and pollutants that are frequently found in manufacturing and industrial environments.
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The need to maintain good standards of cleanliness and hygiene in the workplace has increased due to the current emphasis on health and safety. With the need to properly eradicate dangerous bacteria, viruses, and germs, there is a growing market for high-quality industrial and institutional cleaning chemicals.
“The market for industrial cleaners is experiencing a surge in demand due to environmental concerns. Businesses are adopting environmentally responsible practices to reduce their carbon footprint. This trend drives the demand for safe, effective, eco-friendly cleaning solutions. The demand for these cleaners is expected to continue rising as consumers become more environmentally conscious about their purchasing decisions. The demand for sustainable and eco-friendly cleaning solutions is expected to continue growing as businesses strive to reduce their carbon footprint.” says lead analyst at Future Market Insights
Key Takeaways from the Industrial Cleaner Market
- The United States industrial cleaner industry is projected to experience a CAGR of 25.4% through 2034.
- Germany’s industrial cleaner market is expected to demonstrate a CAGR of 15.8% through 2034.
- Japan’s industrial cleaner industry is anticipated to see a CAGR of 10.5% through 2034.
- The India industrial cleaner industry is likely to showcase a CAGR of 8.2% through 2034.
- China’s industrial cleaner market is expected to display a CAGR of 20.3% through 2034.
Competitive Landscape of the Industrial Cleaner Market
Key Companies in the Industrial Cleaner Market
- BASF SE
- Croda International plc.
- Huntsman Corporation
- Solvay S.A.
- Dow Chemical Company
- Evonik Industries AG.
- Mitsubishi Chemical Holdings Corporation
- Akzo Nobel N.V.
- Clariant AG
- Ecolab Inc.
- 3M Company
- Stepan Company
- Quaker Chemical Corporation
The Dow Chemical Company is renowned for its cutting-edge cleaning solutions and dedication to sustainability, making significant research and development investments to produce environmentally friendly products. While Ecolab Inc. offers a range of water and energy-efficient cleaning and sanitation solutions, BASF SE provides tailored solutions for industrial clients.
While Solvay SA places a higher priority on sustainability and develops cleaning products with a low environmental effect, Clariant AG places more emphasis on innovation and teamwork. In the next decade, these industrial cleaner industry leaders are expected to keep creating tailored, eco-friendly cleaning solutions that more effectively fulfill changing industrial customer demands.
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Recent Developments in the Industrial Cleaner Market
- Vapor Fresh Multi-Surface Cleaning Wipes are a new industrial cleaning wipe that Vapor Fresh and Wexford Labs are launching together in September 2023. These wipes provide an alternative to conventional wipes that expose the public to dangerous chemicals like benzalkonium chloride and quaternary ammonium compounds. They are made to raise safety standards in industrial settings.
- The Pumice Company sold its Pumie brand of abrasive cleaning products to Summit Brands in September 2023, solidifying its position in the industry and creating fresh growth prospects. Pumie is a powerful, non-toxic scouring solution frequently used in the restaurant and professional cleaning industries to eliminate hard build-up.
Key Segments
By Product Type:
- Acidic Cleaner
- Optical Effect Products & Stabilizers
- Surfactants
- De-foaming Agents
- Disinfectants
- Degreasers
- Deodorizers
- Refinery Specific Cleaner
- Decontaminants
- Spill Cleanup & Others
By End-use Industries:
- Oil, Gas & Petrochemicals
- Power Generation
- Metallurgy
- Chemicals
- Food & Beverages
- Paper & Print
- Sugar
- Textiles
- Other Manufacturing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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