Industrial and institutional cleaning chemicals are used in various commercial settings like hospitals, schools, offices and other commercial establishments as well as industrial facilities to keep floors, surfaces, air and objects clean and safe. These cleaning chemicals are available in various forms like powders, liquids and others and are used for tasks like heavy duty degreasing, disinfecting, general purpose cleaning etc. Cleaning chemicals help remove dirt, grease, odor and unwanted substances from fabrics, surfaces and air. In healthcare facilities and food processing plants, cleaning chemicals play a crucial role in infection prevention and ensuring food safety.
The global industrial and institutional cleaning chemicals market is estimated to be valued at US$ 62.64 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the industrial and institutional cleaning chemicals are Stem Cyte, Inc., CRYO-CELL INTERNATIONAL, INC., ViaCord, Cord Blood Registry, SmartCells, Inc., LifeCell International Pvt. Ltd., Cryoviva Biotech Pvt. Ltd., Cryo Stemcell, Reliance Life Sciences, and Transcell Biolife Pvt. Ltd. These players are focusing on developing innovative formulations that are more effective, yet safe for use.
Key opportunities in the Global Industrial And Institutional Cleaning Chemicals Market Size include rising demand from healthcare sector, increasing focus on hygiene due to COVID-19 pandemic and rapid growth of food processing industries in developing regions.
Technological advancement in formulations has led to development of concentrated formulas that require less usage but are equally effective as traditional cleaning agents. This helps reduce packaging waste and transportation costs.
Market drivers
Growing emphasis on hygiene and infection control across industrial and institutional facilities is a key driver for the industrial and institutional cleaning chemicals market. Strict regulations regarding sanitization and disinfection in industries dealing with food and pharmaceuticals has also boosted the demand for cleaning chemicals. Rapid urbanization and growing disposable incomes are increasing the demand for cleaning services from commercial establishments, thereby fueling market growth. Changing lifestyles and health consciousness among consumers have made cleanliness and hygiene a higher priority.
Current challenges in the Industrial and Institutional Cleaning Chemicals Market
The industrial and institutional cleaning chemicals market is facing various challenges like rising raw material costs, growing environmental and health concerns, stringent regulations regarding chemical usage. Cleaning chemicals manufacturers are struggling to reduce raw material prices given rising crude oil prices which is a major source for deriving various solvents, surfactants, and other materials. Moreover, there is growing awareness about harmful effects of certain chemicals on the environment and human health which is pushing brands to invest more in R&D for developing eco-friendly and sustainable formulations. Regulatory bodies globally have implemented stringent norms regarding use of hazardous chemicals, waste disposal, and packaging which increases compliance burden for companies.
SWOT Analysis
Strength: Wide product portfolio and formulation capabilities to cater to diverse cleaning needs across industries. Established distribution networks.
Weakness: Heavy reliance on crude oil prices fluctuations for raw materials. High R&D costs for developing innovative sustainable products.
Opportunity: Growing demand for green and natural cleaning chemicals due to sustainability focus. Expanding into emerging markets.
Threats: Intense competition from local and global brands. Demand disruptions due to economic slowdowns.
Geographically, North America currently accounts for the largest share in the industrial and institutional cleaning chemicals market in terms of value due to strong presence of manufacturing sector and commercial establishments. Asia Pacific is expected to witness highest growth during the forecast period supported by booming construction, healthcare, and food industry in developing countries like China and India.
Europe ranks among the fastest growing regional markets driven by strict regulations mandating use of eco-friendly chemicals. Countries like Germany, UK, and France have witnessed rising consumption of green cleaners developed from plant-derived and biodegradable ingredients.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it