The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Explosive Growth Trajectory

• Market size surged from $65.71 billion in 2023 to $70.25 billion in 2024.
• Compound annual growth rate (CAGR) of 6.9% reflects robust expansion.
• Factors driving historic growth include healthcare sector expansion, food safety standards, hygiene awareness, urbanization, industrialization, outsourcing cleaning services, and workplace safety emphasis.

Promising Outlook

• Market projected to hit $94.29 billion by 2028, with a CAGR of 7.6%.
• Key growth drivers in the forecast period encompass green cleaning solutions, disinfection focus, environmental concerns, customizable cleaning solutions, sustainable practices, air quality focus, and flexible, scalable offerings.
• Anticipated trends include robotics integration, multi-purpose and specialty cleaners, safer chemical alternatives, subscription/service models, technological monitoring/control integration, and R&D in antimicrobial and antiviral technologies.

Health Concerns And Heightened Sanitation Drive Growth

Impact of Health Concerns

• COVID-19 outbreak heightens health concerns.
• Increased sanitation fuels industrial & institutional cleaning chemicals demand.
• Good health and sanitation pivotal for public health.

COVID-19’s Influence

• Pandemic escalates cleaning chemical use in healthcare institutions.
• WHO report indicates a rise in safely managed sanitation services.
• Expected access to safe sanitation to reach 67% by 2030.

Read The Full Industrial & Institutional Cleaning Chemicals Market Report Here:
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Innovative Antibacterial Solutions Drive Trends

Product Innovations

• Key trend: Product innovations, particularly antibacterial solutions.
• Major companies innovate to solidify market positions.
• Example: Bunzl Canada Inc. introduces environmentally conscious cleaning product line, REGARD, in September 2023.

Innovation Impact

• REGARD line aligns with stringent environmental standards.
• Features ECOLOGO and Green Seal-certified products.
• Emphasizes non-caustic, hypoallergenic formulas for safer cleaning.
• High-performance solutions offer efficacy and environmental responsibility.

Diversey Expands Global Footprint

Strategic Acquisition

• Diversey Holdings Ltd. acquires Tasman Chemicals Pty Ltd. in October 2022.
• Acquisition enhances Diversey’s global production footprint.
• Tasman Chemicals, an Australian manufacturer, strengthens Diversey’s operational flexibility and responsiveness in international markets.

Market Segmentation

Product Segments

• General Purpose Cleaners
• Disinfectants And Sanitizers
• Laundry Care Products
• Vehicle Wash Products
• Other Products

Ingredient Types

• Surfactants
• Solvents
• Chelating Agents
• pH Regulators
• Solubilizer/Hydrotropes
• Enzymes
• Other Ingredient Types

End-Use Segments

• Commercial
• Industrial
• Institutional
• Other End-uses

Regional Dominance

North America

• Largest region in the industrial & institutional cleaning chemicals market in 2023.

In conclusion, the industrial & institutional cleaning chemicals market demonstrates remarkable growth potential, fueled by health concerns, sanitation needs, and environmental consciousness. Innovations in antibacterial solutions, strategic acquisitions, and market segmentation strategies are shaping the market landscape, promising a dynamic future for stakeholders in this burgeoning industry.

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The Industrial & Institutional Cleaning Chemicals Global Market Report 2024  provides an overview of the industrial & institutional cleaning chemicals market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial & institutional cleaning chemicals market forecast analyzes industrial & institutional cleaning chemicals market size, industrial & institutional cleaning chemicals market share, leading competitor and their market positions.

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