PUBLISHER: Grand View Research | PRODUCT CODE: 1530431
PUBLISHER: Grand View Research | PRODUCT CODE: 1530431
The global commercial cleaning products market size is expected to reach USD 202.32 billion by 2030, growing at a CAGR of 7.91% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid and increasing urbanization across developing economies is a prominent factor leading to a positive market scenario for commercial cleaning products. In line with this, growing investments by countries in constructing office buildings, hotels, retail stores, malls, hospitals, and other commercial infrastructure will result in the subsequent demand for various types of cleaning products.
Moreover, a large variety of surface tops are being introduced, including natural stones, solid surfaces, engineered stones, concrete, ceramic tiles, laminates, wood, and glass, and these are gaining popularity across sectors. Different surface materials require different cleaning solutions. This scenario is expected to result in the growing adoption of different surface cleaners over the forecast period.
In addition, during the forecast years, cleaning products that act as disinfectants and sanitizers are likely to see a significant increase in demand from well-publicized epidemics, such as the Ebola virus, swine flu, and most recently the Zika virus, which can spread more rapidly across the world. Consequently, healthcare facilities, hotels, tourist destinations, offices, and educational institutions are witnessing rising applications of these products.
Furthermore, there has been a paradigm shift in terms of economic growth from the West to potential emerging markets in the past decade. This has substantially increased the growth of new businesses across the globe. Regions with prominent developing countries, such as Asia Pacific, have seen decent economic growth owing to improved infrastructure and lighter regulations.
Asia Pacific is one of the key markets. The highly populated region witnesses a significant demand for household and commercial cleaning products. China leads regional production, followed by Japan and India. Environmental concerns related to the use of harmful chemicals have led consumers in these economies to shift toward natural cleaning alternatives. Consequently, local manufacturers are responding to this trend by introducing eco-friendly products.
One key opportunity lies in emerging markets in Asia Pacific, such as India, China, Indonesia, and Thailand, where rapid urbanization and rising disposable income is creating a promising demand for cleaning products. As more people in these regions gain access to modern facilities and services, the need for hygiene products expands. In addition, the ongoing focus on health and wellness provides an opportunity for companies to develop specialized cleaning and hygiene products targeting markets such as healthcare and food service.