Summary
Industrial and Institutional Cleaning Chemicals Market-Segmented by Type , Application and Geography-Trends and Forecasts ( 2017-2022 ).
Description
The global industrial and institutional cleaning chemical market was currently valued at USD 41 billion in 2015 and is expected to reach USD 51.4 billion by 2020 showing a compound annual growth rate of 4.6 %. Among all the regions in the world Asia-Pacific is the fastest growing market for industrial and institutional cleaning chemical market during the period ( 2017 - 2022 ); whereas North America is the largest market in terms of revenue owing to the large base of healthcare , manufacturing industries in that region . The cleaning chemicals market majorly focuses on the chemicals required for producing disinfectants and sanitizers .
The fastest growth is expected to occur in healthcare , due to a rise in the number of hospital stays and concerns about healthcare-associated infections ( HAIs ). The manufacturing sector is also expected to be a significant source of growth , particularly in developing economies , as rising incomes lead to increases in demand for processed food and beverage products and these countries focus on increasing their cleaning standards .
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The industrial and institutional cleaning chemical market is segmented by market type into commercial use which includes food service , retail , laundry and dry cleaning , healthcare , offices , car washes , hotels and lodging , transportation and distribution and others . The industrial cleaning chemicals are used in the manufacturing market of food and beverage processing , fabricated metal products , electronic components and others . The market is segmented by product types into general purpose cleaners , floor care products , ware washing detergents , disinfectants & sanitizers , laundry care products , vehicle wash products , hand cleansers and others . Lastly , the market report is also segmented by raw materials into chlor-alkalis ( caustic soda , soda ash , chlorine and others ), surfactants ( nonionic , anionic , cationic , and amphoteric ), solvents ( alcohols , hydrocarbons , chlorinated , terpenes , ethers and others ), phosphates , biocides and others .
Market Dynamics of the Industrial and Institutional Cleaning Chemicals Market : Drivers :
The market growth is largely fueled by increasing applications , technological advancements , and growing demand in the developing countries in Asia-Pacific , such as China and India , due to the large setup of healthcare and food and beverage industries . The demand is also rising due to increasing health awareness among people setting high standards for hygiene in their day to day life . The food industry segment is driven by the growth of cleaning chemical market as due to increasing quantities of food borne illness the industry has increased its standard in maintaining the hygiene levels of food .
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