INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET ANALYSIS

Industrial And Institutional Cleaning Chemicals MarketSize and Trends

The Global Industrial & institutional cleaning products Market is projected to reach around US$ 77.84 Billions by the end of 2030, in terms of revenue, growing at CAGR of 5.2% during the forecast period (2023-2030).

Figure 1. Industrial & institutional cleaning chemicals Market Share (%) in terms of Value, By Region, in 2022

North America region dominated the global Industrial & institutional cleaning chemicals Market in 2022, accounting for a 33% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 2. Industrial & institutional cleaning chemicals Market: By Application, in 2022

On the basis of application in 2022, the commercial segment has accounted for the largest market share of 69% in terms of value

Market Trends-

The rising trend of green cleaning initiatives is gaining traction in the market is expected to accelerate the market growth of industrial & institutional cleaning chemicals. Growing awareness regarding environmental cleaning coupled with the growing adoption of cleaning workplace practices due to strict hygienic regulations is projected to augment the market growth over the forecast period.

The development of an innovative product with enhanced properties in the laundry care chemicals segment is expected to be a major trend in the expected to foster the market growth. This is attributed to the increasing focus on the preservation of the original colors of fabrics. Moreover, increasing development of sustainable ingredients for cleaning chemicals in response to the growing need for a safe and sustainable environment.