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The industrial cleaning chemicals market is projected to grow from US $53.5 Billion in 2023 to US $67.0 Billion by 2028, at a compound annual growth rate (CAGR) of 4.6 percent during the forecast period, according to insight from Research and Markets. Industrial cleaning chemicals are widely used in the institutional, food, automotive and aerospace, and medical sectors.
Industrial cleaning chemicals consist of surfactants, solvents, chelating agents, pH regulators, solubilizers/hydrotropes, enzymes, and others. These industrial cleaning chemicals reduce downtime, increase productivity, increase equipment lifespan, and avoid contamination-related concerns.
Surfactants segment is expected to be the largest market in the industrial cleaning chemicals market
Surfactants are the most broadly used ingredients, which are utilized in many cleaning formulations. This is attributed to the strong awareness about hygiene and the demand for dirt-free, germ-free, and hygienic working space post-COVID-19 pandemic is rising the use of surfactants in many applications. Moreover, the surfactants segment is projected to be the second fastest growing market in industrial cleaning chemicals during the forecast period.
General and medical device cleaning segment is projected to be the fastest growing market in the industrial cleaning chemicals
The growth of the general and medical device cleaning segment in the industrial cleaning chemicals market is attributed to extensive usage in the cleaning of floors, medical equipment, glass surfaces, sanitary wares, carpets, and for maintaining basic hygiene in healthcare premises and work. Increasing hygiene-related concerns and workplace cleanliness initiatives is one of the major factors driving the market.
Healthcare segment is expected to be the largest market in the industrial cleaning chemicals market
The growth of the healthcare segment in the industrial cleaning chemicals market is attributed to the high consumption of industrial cleaning chemicals in healthcare institutions and many hospitals. The focus of healthcare cleaning procedures are to keep equipment and instruments sterile and clean, minimize cross-contamination, prolong their working life, and reduce medical waste. Moreover, the healthcare segment is projected to be the second fastest growing market in industrial cleaning chemicals during the forecast period.
North America is projected to be the fastest-growing market in the industrial cleaning chemicals market
The growth in the region is attributed to the workplace hygiene initiatives and rising concern about a healthier environment in manufacturing and commercial offices, healthcare, and retail and food service applications fuel the industrial cleaning chemicals market in North America. The strong foothold of the industrial cleaning chemicals manufacturers is driving the market in North America. Moreover, North America held the largest market share in the industrial cleaning chemicals market in 2022.
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