The global Industrial And Institutional Cleaning Chemicals Market size is expected to reach USD 128.0 billion by 2030, registering a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by demand from the healthcare sector and the requirement for cleaning and disinfectants by manufacturing facilities worldwide.
Piling demand for plant oil-based cleaning chemicals and disinfects from the household, commercial, and various public spaces are also expected to boost the market growth. In the wake of pandemics and various other infectious diseases, the product market has achieved inclined growth over the recent years. As the awareness about the importance of disinfecting and chemical cleaning is increasing, the market is expected to show progression.
The advancement and expansion in the chemicals industry have directly impacted the market positively. The requirement for chemicals as both cleaners and disinfectants has led to growth in general-purpose cleaners. Furthermore, R&D in the chemicals industry has also led to the development of industrial & institutional cleaning chemicals.
The COVID-19 pandemic has positively impacted the market. Amidst the global pandemic, the demand for sanitizers and disinfected surged, owing to the fright of the spreading of infection. Even the authorities and various healthcare institutions, including WHO, are promoting the utilization of disinfectants and sanitizers for the protection and prevention of COVID-19, which is anticipated to further augment the product demand on a global scale.
List of Key Players of Industrial And Institutional Cleaning Chemicals Market
Related Press Release@ Industrial And Institutional Cleaning Chemicals Market Report
Industrial And Institutional Cleaning Chemicals Market Report Highlights
| Report Attribute | Details |
| Market size value in 2024 | USD 80.05 billion |
| Revenue forecast in 2030 | USD 128.0 billion |
| Growth rate | CAGR of 8.0% from 2024 to 2030 |
| Base year for estimation | 2023 |
| Historical data | 2018 - 2022 |
| Forecast period | 2024 - 2030 |
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Industrial And Institutional Cleaning Chemicals Market Segmentation
Grand View Research has segmented the global industrial and institutional cleaning chemicals market report based on raw material, product, end-use, and region:
Industrial And Institutional Cleaning Chemicals Raw Material Outlook (Revenue, USD Million; 2018 - 2030)
Industrial And Institutional Cleaning Chemicals Product Outlook (Revenue, USD Million; 2018 - 2030)
Industrial And Institutional Cleaning Chemicals End-Use Outlook (Revenue, USD Million; 2018 - 2030)
Industrial And Institutional Cleaning Chemicals Regional Outlook (Revenue, USD Million; 2018 - 2030)