Industrial and Institutional Cleaning Chemicals Market Vigorous Growth with CAGR of 5% By 2023, Segmentation by Top Companies, Major Applications, Key Regions, Product Demand

Industrial & Institutional Cleaning Chemicals

The Industrial & Institutional Cleaning Chemicals Market Report 2019-2023 focuses on the global Industrial & Institutional Cleaning Chemicals status, future forecast, growth opportunity, key market, and key players. 

The Industrial & Institutional Cleaning Chemicals Market report studies the global market size of Industrial & Institutional Cleaning Chemicals in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Industrial & Institutional Cleaning Chemicals in these regions. This research report categorizes the global Industrial & Institutional Cleaning Chemicals market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Industrial & Institutional Cleaning Chemicals include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • 3M
  • Akzo Nobel N.V.
  • Albemarle Corporation
  • BASF SE
  • Clariant
  • Croda International Plc
  • DowDuPont
  • Eastman Chemical Company
  • Henkel AG & Co. KGaA
  • Huntsman International LLC
  • National Chemical Laboratory (NCL)
  • Procter & Gamble
  • Reckitt Benckiser Group plc
  • Solvay
  • Spartan Chemical Company
  • Inc.
  • Stepan Company
  • W.M. Barr & Co.
  • Westlake Chemical Corporation

Overview of Industrial & Institutional Cleaning Chemicals Market Research Report 2019-2023:-

The global industrial & institutional cleaning chemicals market is expected to register a CAGR of around 5% during the forecast period, 2019 to 2023. North America accounted for the largest market in 2017. Asia-Pacific is expected to register the fastest growth during the forecast period.

Rising Demand from Healthcare Industry

Hospitals and other healthcare institutions are placing immense efforts to prevent the occurrence of Healthcare Associated Infections (HAIs) and other infectious diseases. HAIs, which are highly caused by rapidly developing strains of multidrug-resistant organisms, can lead to serious illness to both patients and workers there. HAIs have led to numerous deaths and increased morbidity among patients. More than 175,000 deaths occur every year in industrialized countries, due to HAIs. More than 60% of the global HAIs are owing to different pathogens carried by medical implants and devices. Cross-infection among patients has also increased the prevalence of HAIs. Hence, the usage of cleaning and disinfecting products has become mandatory in the healthcare industry.

General Purpose Cleaners – The Largest Product Type

General purpose cleaners are the largest segment in the industrial & institutional cleaning chemicals market. The products in this segment are mainly used as ware-wash, floor cleaners, etc. at hospitals, hotels, and offices, amongst others. The awareness of contagious diseases is one of the driving factors of these products. But, the harmful side effects associated with these chemicals are restraining the growth of the market. The majority of the chemicals used in these products are biocides and surfactants. The United States of America is the leading market shareholder of this segment, followed by the Western European countries. Asia-Pacific region is showing steady growth, owing to its growing population.

North America Dominated the Market

North America region was the largest market for industrial & institutional cleaning chemicals. United States accounted for the major share of the consumption in the region. U.S. government has taken the initiatives by signing the law of the ACA in March 2010, to rejuvenate the healthcare sector with a goal of “make health care more affordable, accessible and of a higher quality.” The initiatives taken by government boosted the healthcare sector in U.S. both in inbound and outbound fronts. Major policy changes and investment flexibility created a public private partnership in healthcare sector. This, in turn, resulted in increased quality standards in healthcare sector on both hospitals and clinical level. Growing consumer awareness and market competitiveness is anticipated to carry this trend further during the forecast period. This in turn, is anticipated to propel the industrial & institutional cleaning chemicals market in United States.

Major Players: Procter & Gamble, Henkel AG & Co. KGaA, BASF SE, Clariant, Stepan Company, 3M, and Reckitt Benckiser Group plc., amongst others.

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Reasons to Purchase this ReportThe rising demand from healthcare industry is expected to drive the marketAnalyzing various perspectives of the market with the help of Porter’s five forces analysisRaw material and market type that is expected to dominate the marketRegion that is expected to witness fastest growth during the forecast periodIdentifying the latest developments, market shares and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel

Key questions answered in the Industrial & Institutional Cleaning Chemicals Market Report are.

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors? 

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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Industrial & Institutional Cleaning Chemicals market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

Major Points from TOC of Industrial & Institutional Cleaning Chemicals Market Research Report 2019-2023:

  1. INTRODUCTION
    1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study
  1. RESEARCH METHODOLOGY
  1. EXECUTIVE SUMMARY
  1. MARKET DYNAMICS
    1 Drivers
    4.1.1 Rise in Defence Expenditure of Many Countries
    4.1.2 Increasing Demand of Lightweight Materials in the Industry
    4.2 Restraints
    4.2.1 Need for High Investments in R&D
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis
  1. MARKET SEGMENTATION
    1 By Application
    5.2 End-user Sector
    5.2.1 Residential
    5.2.2 Commercial
    5.2.3 Institutional
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.2 North America
    5.3.3 Europe
    5.3.4 South America
    5.3.5 the Middle East & Africa

    Continued…

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