Industrial Cleaning Chemicals Market Size
Global Industrial Cleaning Chemicals Market reached US$ 47 Billion and is expected to reach US$ 66.9 Billion by 2030, growing with a CAGR of 4.5 % during the forecast period 2024-2031. Demand from energy, manufacturing, and construction in North America is rising. Competitive rivalry intensifies with Akzo Nobel N V, Croda Global PLC, Huntsman Global LLC and others operating in the market.
Almost every industrial company has a system to clean and remove dirt, filth, grease, stains, rust, and other dangerous particles from parts, metals, materials, and various other industrial components before they are used. Industrial cleaning is an important part of the industrial process since all manufactured products must be completely devoid of hazardous particles to ensure that they function as intended or needed.
Industrial cleaning chemicals are chemical solutions or solvents made up of liquid chemical compounds that can be used to clean industrial products and surfaces. When a chemical cleaning and degreasing agent is applied to a product, it is assumed to be fully free of any hindering substances. Chemists frequently build industrial cleaning chemical solutions using the emulsion method, which allows them to predict which undesired compounds will be eliminated or extracted when the cleaning agent is applied to a surface.
Market Summary
| Metrics | Details |
| Market CAGR | 4.5% |
| Segments Covered | By Raw Material, By Product Type, By Grade, By Sales Channel, By End-User, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Source: DataM Intelligence Analysis (2023)
Market Dynamics
The growing awareness associated with safety, health,h and hygiene in industrial sectors is expected to drive the global industrial cleaning chemicals market. Nonetheless, the environmental impacts of these chemicals and stringent government regulations associated with them tend to hamper the respective market's growth.
The growing awareness of safety, health, and hygiene in industrial sectors
Cleaning is critical to the growth and success of the healthcare, hotel, and retail businesses. Since these industries involve direct client interaction, companies and governments emphasize cleanliness in these sectors. Similarly, Improved hygiene in the manufacturing, automotive, and food processing industries leads to higher-quality products and keeps workers safe, which boosts productivity. Since these industries are anticipated to grow extensively, the overall demand for industrial cleaning chemicals is expected to witness a spurt.
Further, compared to the pre-pandemic period, the awareness associated with cleanliness, safety as well as hygiene, and the frequency of cleaning has increased dramatically. As a result, the demand and production of cleaning products such as disinfectants and wipes, surface and toilet cleaners, and hand sanitizers increased after the COVID-19 pandemic.
Health as well as environmental impacts of industrial cleaning chemicals and associated government regulations
Due to the presence of VOCs or volatile organic compounds in varying concentrations, certain industrial cleaning chemicals are subject to numerous environmental and government laws, notably solvent-based cleaning products. For instance, mineral spirits, a solvent often used for hard surface cleaning because of their ability to dissolve oil, grease, filth, and grime, among others, contain volatile organic compounds (VOCs) in them. As a result, the use of such cleaning products might contribute to the formation of vapors or smog and may be harmful when inhaled. Furthermore, mineral spirits evaporate fast and combine with the air. As a result, limiting worker exposure to these dangerous compounds is difficult.
Further, other harmful compounds, such as sodium hydroxide and tetrachloroethylene, employed in industrial cleaning could cause various health problems. For instance, when employed in the cleaning process of tanks and storage tanks, they could contact drinking water sources and pollute them. Additionally, chemicals such as triclosan in the healthcare business and tetrachloroethylene for dry cleaning have negative health impacts.
Since such chemicals could cause numerous environmental and healthcare issues, stringent regulations are employed by the government to protect nature and human life. As such stringent regulations force manufacturers to employ safer, costlier alternatives, many manufacturers refrain from entering the respective market. Further, the end-product price would also rise due to the aforementioned factor, thereby diminishing the sales and demand of the respective market. As a result, the health and environmental impacts of industrial cleaning chemicals and government regulations associated with them could be considered a major market restraint.
COVID-19 Impact on Market
Despite the disruptions in the production and supply chain of raw materials and finished products of the industrial cleaning chemicals market, the respected market witnessed a market boom during and post-COVID-19 pandemic due to the growing awareness regarding health, safety, and hygiene among industrialists, governments, and laymen.
The governmental regulations that mandate the utilization of sanitizers and disinfectants in every business sector also played a key role in raising the demand and production of industrial cleaning chemicals after the first wave of the pandemic subsided with the removal of lockdowns and global trade barriers.
The expected growth in the end-user segments such as healthcare, food and beverages, chemical processing, and metal processing, among others, would also provide a colossal boost to the business prospects of the global industrial cleaning chemicals market in the post-pandemic era.
Market Segmentation Analysis
The global industrial cleaning chemicals market is segmented on raw materials, product type, grades, sales channel, end-user, and region.
The growing awareness of health, hygiene, and safety in the healthcare segment help the respective part to dominate the global industrial cleaning chemicals market.
Based on end-user, the global industrial cleaning chemicals market is segmented into food and beverage processing, fabricated metal processing, chemical processing, oil & gas, laundry, and dry cleaning, healthcare, and others. The healthcare segment of the global industrial chemicals market is expected to grow significantly and dominate the end-user segment. The need for general cleaners, such as cleaning chemicals for floor care, hard surface care, and carpet care, is increasing due to increased healthcare spending and increased awareness of cleanliness and safety. The respective factor further boosts the demand for industrial cleaning chemicals in the healthcare industry.
The high demand for industrial cleaning chemicals for medical device cleaning applications is another important element contributing to the segment's dominance. Furthermore, high cleaning frequency in the healthcare segment, which leads to an increase in cleaning chemical consumption and the utilization of premium and high-performance cleaning products, is expected to drive demand for industrial cleaning chemicals in the healthcare industry.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
The humongous industrial expansion of end-user markets and demand for safety and hygiene in these market sectors allow North America to dominate the regional segment of the global industrial chemicals market
The North American industrial cleaning chemicals market is expected to dominate the other regions due to a great awareness of hygiene and numerous cleanliness regulations in the developed economies of the region. Further, the region's significant industrial boom has propelled the market for industrial cleaning chemicals. The industrial cleaning chemicals market is also expected to be impacted by the domestic and foreign investments in the region's important sectors such as energy, manufacturing, and construction, which have been steadily increasing their throughput the previous decade.
Due to rising demand from the industrial, food processing, healthcare, and automotive industries, Asia-Pacific is a lucrative industrial cleaning chemicals market with significant growth potential. Additionally, because of the low labor cost, negligible cost, easy availability of raw materials, increased use of advanced technologies, and numerous inventions, the region has become a hub for global investments and expansion of industrial sectors. All the factors mentioned earlier provide the Asia-Pacific with the potential to grow extensively in the industrial cleaning chemicals market.
Source: DataM Intelligence Analysis (2023)
Companies and Competitive Landscape
The global industrial cleaning chemicals market is very active and competitive in terms of the number and size of global and local competitors. Because a few key players control the majority of the market share, the market might be described as fragmented. The excessive growth of industrial segments such as healthcare, food and beverage processing, and chemical processing and the corresponding demand growth of these end-users in the global market increased the competitiveness in the global industrial cleaning chemicals market.
BASF SE, 3M, Akzo Nobel N.V., Clariant, Croda Global PLC, Eastman Chemical Company, Henkel AG & Co. KGaA, Huntsman Global LLC, Procter & Gamble, and Solvay are some of the major market players. The key market stakeholders utilize market tactics such as mergers, acquisitions, product launches, contributions, and partnerships to gain competitive advantages and recognition in their respective markets.
For instance, on January 9, 2020, BASF SE increased the flexibility of its water-soluble polyacrylate production plant in Ludwigshafen, Germany, and marginally increased capacity with an investment in the range of a single-digit million euro.
BASF SE
Overview: BASF SE is a chemical corporation based in Germany that manufactures chemicals for various sectors. It is one of the world's largest publicly traded corporations, with over 700,000 investors. The company's 13 product areas include transportation, chemicals, construction, electronics & electricity, energy & resources, furniture & wood, home care and cleaning, agricultural and other industries. While BASF SE has 6 global locations and 241 additional industrial sites in over 90 countries, Ludwigshafen is home to more than 30 BASF SE Group entities. The BASF Group is expected to generate roughly US$ 68,625 million in 2020.
Product Portfolio:
- Dehyton PK 45: The company’s portfolio includes a diverse selection of industrial cleaning chemicals. Dehyton PK 45 is a significant product in the category, which is made from coamidopropyl betaine. The product is liquid and comes under the raw materials category of surfactants. Dehyton PK 45 finds applications in food and beverage processing, hard surface cleaning, dishwashing, commercial laundry, vehicle and transportation care, food service, and kitchen hygiene, and institutional cleaning and sanitation. The product is accredited to EU Ecolabel safety standards, among others.
Key Development:
- For instance, on April 15, 2021, BASF SE expanded its EcoBalanced portfolio for the detergents and cleaners industry and industrial formulators. The new products are based on selected ingredients sourced from 100% renewable raw resources and are produced via the company's mass balancing technique. The new products in this category could reduce carbon footprint while providing optimum performance.
Why Purchase the Report?
- To visualize the global industrial cleaning chemicals market segmentation by raw materials, product type, grades, sales channel, end-user, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the global industrial cleaning chemicals market by analyzing trends and co-development.
- Excel data sheet with numerous data points of industrial cleaning chemicals market-level with four segments.
- PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping available as excel consisting ofcriticaly products of all the major market players
The global industrial cleaning chemicals market report would provide approximately 78 tables, 87 figures, and almost 180 pages.
Target Audience 2024
- Industrial Cleaning Chemicals Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
- Logistics companies
- Distributors/ Suppliers
