Industrial and institutional cleaning chemicals are specialty chemicals used for cleaning in various industries such as food and beverage industry, healthcare industry, hospitality industry and other commercial spaces. These chemicals include surfactants, solvents, chelating agents and alkali agents which help remove dirt, stains and grease. They are used for hard surfaces cleaning, floor cleaning, disinfecting, glass & window cleaning, carpet cleaning and hand hygiene. The global industrial and institutional cleaning chemicals market is estimated to be valued at US$ 62.64 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

One of the major driver for the growth of industrial and institutional cleaning chemicals market is increased demand from end-use industries. Rapid industrialization and expansion of manufacturing industries, food & beverage industry, healthcare industry and commercial spaces are increasing the demand for cleaning and disinfecting chemicals for maintaining hygiene. During the forecast period, continuation of these trends will further drive the market growth. Another driver is stringent regulations regarding employee and consumer safety. Various regulations mandate use of EPA and FDA approved cleaning chemicals in industries and commercial spaces to ensure safety. Compliance to such regulations will propel the demand in coming years.

SWOT Analysis

Strength: The Global Industrial And Institutional Cleaning Chemicals Market Size has various formulation options available to cater to different end-use industries and their specific cleaning requirements. For example, disinfectants are effective at killing bacteria and viruses on surfaces in hospitals and medical facilities. Moreover, green and sustainable cleaning chemicals generate less waste and are environmentally friendly.

Weakness: Frequent formulation changes in cleaning chemicals can impact their efficacy over time. Additionally, stringent regulations around the use of hazardous chemicals increase compliance costs for manufacturers.

Opportunity: Growth in end-use industries like healthcare, food processing, and hospitality will drive the demand for specialized cleaning chemicals. Furthermore, the rise of infectious diseases is propelling the need for disinfectants and sterilants in industries and public places.

Threats: Volatility in raw material prices can squeeze profit margins for suppliers. Additionally, the availability of alternative green cleaning methods may replace the need for certain types of chemicals. Strict environmental norms also pose challenges in developing regions for waste disposal.

Key Takeaways

The global industrial and institutional cleaning chemicals market is expected to witness high growth over the forecast period of 2024 to 2031. The market size for 2024 is estimated to be US$ 62.64 billion. 

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