Industrial Cleaning Market Insights | Leaders: Sealed Air (U.S.), Evonik Industries AG (Germany), BASF SE (Germany), Stepan Company (U.S.), Solvay SA (Belgium), Air Products and Chemicals Inc. (U.S.), Croda International Plc (U.K.), Ecolab (U.S.), Pilot C

The report "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 market size of Industrial & Institutional (I&I) cleaning chemicals was USD 39.24 Billion in 2014, and is projected to reach USD 50.24 Billion by 2020, at a CAGR of 4.2% between 2015 and 2020. Rising awareness on health & hygiene, safety liability on the part of the company or an institution and growing demand from the application industries are the major drivers for the market.

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Market Leader:

The global Industrial & Institutional (I&I) cleaning chemicals market was USD 39.24 billion in 2014, and is projected to reach USD 50.24 billion by 2020, at a CAGR of 4.2% between 2015 and 2020. Key strategies, such as expansions and agreements, are adopted by the major players to meet the demand of end-users.

Major players operating in the global Industrial cleaning market are Sealed Air (U.S.), Evonik Industries AG (Germany), BASF SE (Germany), Stepan Company (U.S.), Solvay SA (Belgium), Air Products and Chemicals Inc. (U.S.), Croda International Plc (U.K.), Ecolab (U.S.), Pilot Chemical Corp. (U.S.), Spartan Chemical Company Inc.(U.S.), and The Dow Chemical Company (U.S.).

Sealed Air (U.S.) is one of the leading I&I cleaning chemicals manufacturers in the world. The company has been focusing on R&D and new product development activities to maintain its leading position in the market. For instance, Diversey Care re-opened and extended its R&D laboratory in Utrecht, Netherlands in June 2014. The company also focuses on building supply contracts and spreading awareness about cleanliness and hygiene to further strengthen its presence in the global market.

Ecolab Inc. (U.S.) is another major player in the global Industrial & Institutional cleaning chemicals market. They have large distribution network and presence in over 170 countries. The company has been focusing on developing new and innovative products and strategic partnerships to cater to their clients globally. In June 2014, Ecolab and Hill-Rom (U.S.) entered into a partnership to provide integrated hand hygiene solutions to the healthcare industry.

This report provides a detailed analysis of the Industrial cleaning market and segments the same on the basis of ingredient type, application, and region. The ingredient type has been segmented into chelating agents, pH regulators, solubilizers/hydrotropes, solvent, surfactant, and others. Based on application, the market has been segmented into manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace, food processing, and others. The regional market has been segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa, and South America.

Key Revenue Pockets:

The global market size of Industrial & Institutional (I&I) cleaning chemicals was USD 39.24 billion in 2014 and is projected to reach USD 50.24 billion by 2020, at a CAGR of 4.2% between 2015 and 2020. Rising awareness for cleaning and hygiene and growing demand from the application based industries are the major reasons for the growth in I&I cleaning chemicals market.

The report analyses the Industrial cleaning market with respect to ingredient type, application, and region. The application industry is subdivided into manufacturing & commercial offices, healthcare, retail & food service, hospitality, automotive & aerospace, food processing, and others. The other segment includes cleaning chemicals used for cleaning electronic equipment and government offices. Manufacturing & commercial office is the leading application, however, healthcare segment is estimated to be the fastest growing application for the Industrial cleaning market due to increase in elderly population in the U.S. and rising health awareness in developing countries.

Surfactants accounted for the major ingredient share in the I&I cleaning chemicals in 2014. Solvents were the second most widely used ingredients in this market as of 2014, however, the VOC content and toxicity has affected the solvents market.

Asia-Pacific accounted for the largest share of the global Industrial cleaning market, in terms of value, in 2014, closely followed by North America and Western Europe. The rise in manufacturing activities, health & hygiene awareness, and growth in retail industry are few of the major factors driving the Industrial cleaning market in North America.

Some of the major players operating in the global Industrial & Institutional cleaning chemicals market are Sealed Air (U.S.), Evonik Industries AG (Germany), BASF SE (Germany), Stepan Company (U.S.), Solvay SA (Belgium), Air Products and Chemicals Inc. (U.S.), Croda International Plc (U.K.), Ecolab (U.S.), Pilot Chemical Corp. (U.S.), Spartan Chemical Company Inc., (U.S.), and The Dow Chemical Company (U.S.). Most of the companies have adopted expansions, new product development, and agreements as their strategies to sustain in the global I&I cleaning chemicals market.

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