Increase in investment in R&D activities to lower the Volatile organic compound (VOC) content in various cleaning chemicals is anticipated to boost the demand for Industrial cleaning chemicals in the near future. Manufacturers of industrial cleaning chemicals require complying with environmental policies in order to avoid heavy penalties & product recalls. Demand for several products, for instance rust cleaning agents, degreasers, and surface cleaners, is high in various industries such as automotive, manufacturing, and water treatment.
According to study, “Global Industrial Cleaning Services Market to reach USD XX billion by 2026” the key companies operating in the global industrial cleaning services market are 3M Company, Clariant, BASF SE, Diversey, Inc., Croda International Plc., Evonik Industries AG, Dow, Inc., Mitsubishi Chemical Holdings Corporation, Ecolab, Inc., Kao Chemicals Europe S.L, Huntsman Corporation, Quaker Chemical Corporation, Neos Company Limited, WVT Industries N.V., Pilot Chemical Company, Spartan Chemical Co., Inc., Solvay S.A. and Stepan Company. In automotive, manufacturing, and food processing, better hygiene provides high quality products, which is safe for the workers’ health that helps in improving the productivity. All these industries are expected to grow at a positive rate, which is anticipated to drive the demand for industrial cleaning chemicals in these applications.
Based on ingredient type, industrial cleaning services market is segmented as solvents, surfactants, pH regulators, chelating agent, solubilizers/hydrotropes, and others. Surfactants include cationic surfactants, anionic surfactants, nonionic surfactants and amphoteric surfactants. Based on product type, market is segmented as disinfectants, general cleaners, commercial laundry, metal cleaners, oven & grill cleaners, dairy cleaners, dish washing and food cleaners. In addition, based on application, market is segmented as healthcare, food processing, manufacturing & commercial offices, retail & food services, automotive & aerospace, hospitality, and others. The health care segment is expected to expand significantly owing to rise in health care expenditure, rise in demand for cleaning chemicals, and increase in use of premium & high-performance cleaning products during the forecast period.
The industrial cleaning services market is driven by increase in workplace hygiene initiatives, followed by rise in demand from applications. However, government & environmental regulations may impact the market. Moreover, green & bio-based industrial cleaning is a key opportunity for market.
Based on geography, the Asian-Pacific region holds major share in global industrial cleaning services market owing to rise in focus on health hygiene among people and higher demand for the industrial cleaning in hospitals in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to growth in industrialization coupled with enlarging industrial network over the forecast period. In upcoming years, it is expected that future of the global industrial cleaning services market will be optimistic as a result of rise in demand in industrial, residential, and commercial segments and growth in the infrastructure sector during the forecast period.
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Global Industrial Cleaning Services Market
Ankur Gupta, Head Marketing & Communications
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