Industrial Cleaning Market worth 50.24 Billion USD by 2020

Industrial Cleaning Market worth 50.24 Billion USD by 2020
The report "Industrial Cleaning Market by Ingredient (Chelating Agents, Solvents, Surfactants, pH regulators), by
Application (Manufacturing, Healthcare, Retail, Hotels) and by Product (General Cleaners, Metal Cleaners,
Dishwashers) - Global Trends & Forecast to 2020", published by MarketsandMarkets,The market size of Industrial
& Institutional (I&I) Cleaning Chemicals was USD 39.24 Billion in 2014, and is projected to reach USD 50.24 Billion
by 2020, at a CAGR of 4.2% between 2015 and 2020.
Rising awareness on health & hygiene, safety liability on the part of the company or an institution and growing
demand from the application industries are the major drivers for the market.
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Surfactant captures the maximum share in the Industrial Cleaning Ingredients Segment:
As of 2015, surfactant was the most widely used ingredient in Industrial cleaning market, and projected to
experience high growth rate. Surfactants act as detergents, wetting agents, foaming agents, emulsifiers, and
dispersants. Hence, with new research studies being carried out about the commercial use of surfactant
properties, their application areas are expanding. Surfactants were mainly known for their use in detergent and
soap industries. Broadened application in variety of industry cleaning segments has increased the overall demand
for surfactants.
Growing demand from the Manufacturing and Commercial Officesapplication:
The market for I&I cleaning chemicals market is also segmented on the basis of application. The major application
of the I&I cleaning chemicals are manufacturing & commercial offices, healthcare, retail & food service, hospitality,
automotive & aerospace, food processing, and others. Manufacturing and commercial offices are the largest
consumers for I&I cleaning chemicals and these chemicals are mainly used for machinery cleaning and general
cleaning in this application. Healthcare is the fastest growing application between 2015 and 2020. The application
is expected to grow due to heavy spending in healthcare activities in developed economies in North America and
Europe. Moreover, rising awareness and growth in healthcare investment are the major factors boosting the
Industrial & Institutional cleaning chemicals market.
Asia-Pacific: The largest market for Industrial Cleaning Market:
The market for Industrial cleaning market is broadly segmented into six regions, namely, Asia-Pacific, North
America, Western Europe, Eastern & Central Europe, South America and Middle East & Africa. Asia-Pacific is the
largest markets in the Industrial cleaning, in terms of value. Asia-Pacific market is estimated to grow on account of
rising awareness on cleanliness and hygiene, and growing demand from the application industries. Western Europe
and North America, which are mature markets for Industrial Cleaning Market, are expected to grow at a moderate
rate on account of rising demand from the healthcare sector.