PUBLISHER: 360iResearch | PRODUCT CODE: 1500249
PUBLISHER: 360iResearch | PRODUCT CODE: 1500249
[182 Pages Report] The Industrial Cleaning Chemicals Market size was estimated at USD 48.27 billion in 2023 and expected to reach USD 50.53 billion in 2024, at a CAGR 4.81% to reach USD 67.12 billion by 2030.
Industrial cleaning chemicals are specialized formulations designed to clean and maintain hygiene in industrial and manufacturing settings. The industrial cleaning chemicals are manufactured to tackle heavy-duty cleaning tasks and remove stubborn industrial grime, oils, and residues. Industrial cleaning chemicals, available in various forms, such as detergents, disinfectants, degreasers, and solvents, are vital for maintaining the cleanliness of equipment, surfaces, and facilities, which helps promote a safe working environment and ensure the proper functioning of machinery. The industrial cleaning chemicals market is significantly driven by the stringent hygiene standards enforced across industries such as food & beverage, healthcare, manufacturing, and hospitality. The rise in awareness about workplace sanitation and the necessity to maintain clean facilities to enhance product quality and ensure employee health are fueling market growth. However, the use of industrial cleaning chemicals market can be affected by stringent regulations related to the use of industrial cleaning chemicals that impact the environment and human health. The oil refineries, food processing plants, and manufacturing plants require industrial cleaning chemicals to tackle grease, grime, and hazardous residues. The use of industrial cleaning chemicals ensures smooth operations, safeguards hygiene, and boosts efficiency. As a result, the expansion of industries in emerging economies presents abundant opportunities for the adoption of industrial cleaning chemicals, thereby facilitating market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 48.27 billion |
Estimated Year [2024] | USD 50.53 billion |
Forecast Year [2030] | USD 67.12 billion |
CAGR (%) | 4.81% |
Regional Insights
The industrial cleaning chemicals market in the Americas is growing, as the U.S. is attributed to the substantial manufacturing sector that necessitates advanced cleaning agents for both maintenance and adherence to hygiene protocols. The industrial cleaning chemicals market is further poised for growth in the Americas through innovation in sustainable chemicals and expansions in key sectors such as healthcare, food processing, and general manufacturing. The Asia-Pacific region is experiencing growth in the industrial cleaning chemicals sector, fueled by the burgeoning manufacturing infrastructure in countries such as China and India. A greater emphasis on cleanliness, sanitation, and workplace safety is leading to a high demand for disinfectants and sanitizers. Growth prospects also depend on the proliferation of heavy industries, construction, and specialized cleaning requirements in electronics manufacturing that characterize the region's industrial landscape. In Europe, the Middle East, and Africa region, influenced by stringent EU regulations, the industrial cleaning chemicals market showcases a trend toward sustainable and eco-friendly cleaning solutions. There is an increasing preference for advanced and less toxic formulations compatible with automated cleaning processes. The opportunities are particularly prominent in aligning with the EU's REACH standards and catering to the burgeoning tourism sector in the Middle East, as well as the expanding industrial activities within Africa.
Market Insights
The market dynamics represent an ever-changing landscape of the Industrial Cleaning Chemicals Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Cleaning Chemicals Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Cleaning Chemicals Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
MacDermid Enthone Industrial Solutions Acquired All-Star Chemical Company's Surface Finishing and Cleaning Chemical Solutions
MacDermid Enthone Industrial Solutions announced its acquisition of All-Star Chemical Company's respected suite of surface finishing and cleaning chemical solutions. Integrating proprietary All-Star products into MacDermid Enthone's offerings promises to expand its trajectory, enabling access to advanced technologies and expertise, which is particularly beneficial to clients in the automotive and electric vehicle sectors. This acquisition is a pivotal step in ensuring a competitive edge and sustainability for customers as industry demands continue to evolve. [Published On: 2024-01-04]
Azelis Extends its Partnership with BBA Ecotech
Azelis announced an extension of the existing partnership with BBA Ecotech. BBA Ecotech has appointed Azelis as its preferred distribution partner for its micro-organisms and probiotics products for the home care and industrial cleaning markets in Turkiye, Benelux, France, and Italy. The extended agreement results from an effective and successful collaboration between Azelis and BBA Ecotech in the UK. Azelis reinforces its offer and solutions for home care and industrial cleaning in EMEA and strengthens the group's lateral value chain by adding BBA's portfolio of innovative and sustainable products. [Published On: 2023-10-02]
Solenis Completes Acquisition of Diversey for USD 4.6 Billion
Solenis acquired Diversey Holdings, Ltd., with the transaction being marked by a USD 4.6 billion enterprise value. This strategic expansion enhances the infrastructure of Solenis to include 71 production sites and a global workforce exceeding 15,000 individuals. Solenis is an expanded reach and diversification of services, further supported by the continued investment of Bain Capital through a retained minority stake in the expanded corporation following the acquisition. [Published On: 2023-07-05]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Cleaning Chemicals Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Industrial Cleaning Chemicals Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arrow Solutions, Ashburn Industries, Inc., BASF SE, Clariant AG, Croda International Plc., Diversey Inc., DuPont de Nemours, Inc., Ecolab Inc., ENVIRO WAY BIO-SCIENCE PRIVATE LIMITED, Evonik Industries AG, Gaylord Chemical Company LLC, Graham Chemical Corporation, Henkel AG & Co. KGaA, Hibrett Puratex, Pilot Chemical Corporation, Satol Chemicals, Solvay S.A., Stepen Company, The Clorox Company, The Dow Chemical Company, Unilever Plc., Victory Polychem Private Limited, and W.W. Grainger, Inc..
Market Segmentation & Coverage