“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”
“The Industrial & Institutional (I&I) cleaning chemicals market is projected to reach USD 50.24 billion by 2020”
The market size of I&I cleaning chemicals is projected to reach USD 50.24 billion by 2020, at a CAGR of 4.2% between 2015 and 2020. The fast growth in applications such as manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace and food processing is expected to drive the demand for Industrial Cleaning Chemicals. The growing industrialization and manufacturing activities in emerging economies like China and India and rising elderly population in U.S. and Europe are contributing toward the growth of Industrial cleaning market.
“The Manufacturing & Commercial offices application is projected to dominate the I&I cleaning chemicals market during the forecast period”
The manufacturing & commercial offices dominated the global Industrial & Institutional cleaning chemicals market in 2014. The use of I&I cleaning chemicals in the healthcare sector is expected to register the highest growth between 2015 and 2020, closely followed by the retail & food industry. Surfactants are the most commonly used ingredient in Industrial cleaning chemicals formulations.