Industrial and Institutional Cleaning Chemicals Market, By Applications (Industrial (Building care chemicals, Hand hygiene chemicals, Other chemicals), Commercial (Kitchen care chemicals, Building care chemicals, Hand hygiene chemicals, Laundry care chemicals, Others), Domestic (Kitchen care chemicals, Building care chemicals, Hand hygiene chemicals, Laundry care chemicals, Others)), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023

Code : CMI3963

Pages :130

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Market Challenges And Opportunities

Global Industrial and Institutional Cleaning ChemicalsMarket: Growth Drivers

Rising prevalence of Healthcare-Associated Infections (HAI) as the devices used in the medical procedure are highly prone to serious Infection if not sterile properly is fueling market growth. This is attributed to the increasing visit of patients in the hospital due to a rise in serious illness. For instance, according to a study conducted by the European Centre for Disease Prevention and Control (ECDC), around 4,100,000 patients acquire a healthcare-associated infection in the European Union every year. Growth in the food service chains and food processing industry.

Growing hygiene and health awareness among consumers is expected to accelerate the market growth of industrial & institutional cleaning chemicals. Rising awareness regarding the infections caused by various viruses and bacteria due to the increasing prevalence of the outbreak of viral infections around the globe is further expected to augment the market growth of industrial & institutional cleaning chemicals over the forecast period.

Global Industrial & institutional cleaning chemicals Market: Restraints

Strict environmental regulations set by the government for the use of cleaning chemicals as they have a negative environmental impact is expected to restrict the market growth over the forecast period. Higher labor cost for applying cleaning chemicals is expected to hamper the market growth of industrial & institutional cleaning chemicals.

Market Opportunity-

Growing demand for aesthetics and fragrance cleaning products across various end-user industries is projected to foster the market growth of industrial & institutional cleaning chemicals. Manufacturers are developing polymers and chemicals that can add fragrances to cleaning products is expected to open new avenues to the market of industrial & institutional cleaning chemicals in the near future.

The low entry barrier of new players in the industrial & institutional cleaning chemicals market is expected to bring new growth opportunities over the forecast period. This only requires very low capital investment and the production process requires basic training which reduces the overall manufacturing process. These factors are expected to create new opportunities for new entrants.