Industrial and Institutional Cleaning Chemicals

Digital Cleaning Market Is Fastest Growing Segment Fueling The Growth Of Industrial And Institutional Cleaning Chemicals Market

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The global Industrial And Institutional Cleaning Chemicals Market is estimated to be valued at US$ 54.37 Bn or Billion in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Industrial and institutional cleaning chemicals are used for cleaning in various sectors including food processing, healthcare, hospitality, manufacturing, among others. These chemicals help maintain hygiene and sanitize surfaces from bacteria and pathogens. They are available in various forms including powder, liquid and gel depending on the application.

Market key trends:
The industrial and institutional cleaning chemicals market is witnessing increased demand for digital or connected cleaning technologies. Many cleaning products are integrating IoT and digital technologies to optimize cleaning routines, track usage and inventory, collect data on cleaning patterns, and ensure compliance. Companies are focusing on developing smart cleaning solutions integrated with mobile apps, sensors and analytics. This helps in remote monitoring of cleaning activities, tracking performance of cleaning staff, automated replenishment of supplies. Digital cleaning solutions provide operational efficiency, cost savings and better oversight of hygiene standards driving their increased adoption.

Segment Analysis
The global industrial and institutional cleaning chemicals market is segmented by type, end use industry, and geography. By type, the market is classified into general cleaners, disinfectants & sanitizers, laundry care products, kitchen care products, equipment care products, floor care products and others. Disinfectants & sanitizers dominate the market as they are in high demand due to COVID-19 pandemic and growing concern towards hygiene and cleanliness.

Key Takeaways
Global Industrial And Institutional Cleaning Chemicals Market Demand is expected to witness high growth, exhibiting CAGR of 5.2% over the forecast period, due to increasing focus on hygiene and cleanliness globally driven by COVID-19 pandemic.

Regional analysis
North America dominates the global market currently owing to stringent regulations regarding hygiene in industries in the US and Canada. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to growing disposable income, increasing population, and expansion of end-use industries in countries such as China and India.

Key players
Key players operating in the industrial and institutional cleaning chemicals market are BASF SE, AkzoNobel N.V., Henkel AG & Co.KGaA, Solvay SA, Huntsman Corporation, Eastman Chemical Company, Lonza Group Limited, Procter & Gamble Co., Croda International Plc., The Dow Chemical Company, Betco Corporation, Sealed Air  Corporation and Ecolab Inc. BASF SE is the market leader due to its wide product portfolio and global presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it