Industrial
Cleaning Chemicals Market Outlook
Industrial Cleaning Chemicals market size was valued at USD 93.8 billion in 2023 and is estimated to reach a value of USD 239.1 billion by 2035 with a CAGR of 8.1% during the forecast period 2024-2035.
Industrial
Cleaning Chemicals market forecast include evolving regulatory standards,
technological advancements in formulation and application methods,
industry-specific demand fluctuations, economic growth, and emerging
environmental concerns. Regulatory changes, such as stricter safety and
environmental regulations, drive demand for eco-friendly and sustainable
cleaning solutions. Technological innovations, like the development of more
effective and efficient cleaning agents, impact market dynamics. Industry
growth in sectors like manufacturing, healthcare, and food processing
influences market demand. Additionally, environmental concerns regarding
chemical usage and waste management contribute to market forecasts, prompting
the adoption of safer and greener cleaning alternatives.
Lucrative
opportunities in the industrial cleaning chemicals market include the
increasing demand for eco-friendly and sustainable cleaning solutions driven by
regulatory pressures and environmental awareness. Technological advancements,
such as the development of more efficient and versatile cleaning agents,
present opportunities for innovation and market growth. Expansion into emerging
markets with growing industrial sectors offers untapped potential for market
penetration. Additionally, strategic partnerships and collaborations with key
industry players can facilitate market expansion and product development.
Furthermore, the rise of automation and digitization in industrial cleaning
processes opens doors for specialized cleaning solutions tailored to automated
systems.
Key Insights
Based on type, Industrial
Cleaning Chemicals market share is dominated by Alkaline Cleaners r with a key
stake of 36.09% in 2023. Key trends in alkaline cleaners in the industrial
cleaning chemicals market include a shift towards environmentally friendly
formulations, driven by stricter regulations and growing sustainability
concerns. Additionally, there's a trend towards multifunctional alkaline
cleaners that offer not only cleaning but also degreasing and sanitizing
properties. Moreover, advancements in formulation technology are leading to the
development of more effective and efficient alkaline cleaners capable of
removing tough soils and contaminants. Furthermore, increased automation and
digitization in industrial cleaning processes are driving demand for alkaline
cleaners suitable for use with automated systems.
Based on region,
Industrial Cleaning Chemicals market is dominated by North American region with
a major share of 36.07% in 2023. Key trends in the North America industrial
cleaning chemicals market include a growing emphasis on eco-friendly
formulations to meet stringent regulatory requirements and address
sustainability concerns. There's also a trend towards specialized cleaners
tailored to specific industries, such as food processing and healthcare.
Additionally, advancements in nanotechnology are driving the development of
more efficient and versatile cleaning agents. Moreover, increased adoption of
automation and robotics in industrial cleaning processes is shaping demand for
chemicals compatible with automated systems.
Industrial Cleaning Chemicals Market Data and Dashboard
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Market Dynamics
Stricter regulations regarding workplace safety,
environmental protection, and chemical usage drive the demand for compliant
cleaning solutions.
One of the
primary drivers in the industrial cleaning chemicals market is the enforcement
of stricter regulations governing workplace safety, environmental protection,
and chemical usage. Governments worldwide are imposing stringent standards to
ensure the well-being of workers, minimize environmental impact, and mitigate
health risks associated with chemical exposure.
As regulations
become more stringent, industries are compelled to adopt compliant cleaning
solutions that meet regulatory requirements. This drives the demand for
cleaning chemicals formulated with environmentally friendly ingredients, low
toxicity levels, and minimal ecological footprint.
Furthermore,
regulations often mandate the use of specific cleaning products or require
adherence to certain labeling and handling protocols to ensure safe usage and
disposal. This regulatory push fosters innovation in the development of
cleaning solutions that not only effectively remove contaminants but also
minimize risks to human health and the environment.
Companies
operating in industries subject to stringent regulations, such as
manufacturing, healthcare, and food processing, must invest in compliant
cleaning solutions to maintain compliance and avoid penalties. This creates a
steady demand for industrial cleaning chemicals that meet regulatory standards,
driving market growth and encouraging manufacturers to prioritize the
development of environmentally sustainable and safe cleaning formulations.
Advancements in
cleaning technologies, such as ultrasonic cleaning and plasma cleaning, offer
alternatives to traditional chemical-based cleaning methods. The adoption of
these technologies may reduce the demand for industrial cleaning chemicals.
One key
restraint in the industrial cleaning chemicals market is the emergence of
alternative cleaning technologies that offer effective alternatives to
traditional chemical-based methods. Advancements in technologies like
ultrasonic cleaning and plasma cleaning provide efficient and environmentally
friendly solutions for removing contaminants from surfaces without the need for
chemical agents.
As industries
seek more sustainable and cost-effective cleaning solutions, they may
increasingly turn to these alternative technologies, reducing their reliance on
industrial cleaning chemicals. The adoption of ultrasonic and plasma cleaning
methods may lead to a decrease in demand for traditional chemical-based
cleaning products.
Additionally,
these alternative technologies often offer benefits such as reduced chemical
waste, lower environmental impact, and improved worker safety. As a result,
industries may prefer to invest in these technologies over traditional cleaning
chemicals, further limiting the demand for chemical-based cleaning products.
While industrial
cleaning chemicals remain essential in many applications, the growing
availability and adoption of alternative cleaning technologies pose a significant
restraint on market growth. Manufacturers of industrial cleaning chemicals may
need to adapt by innovating their products or diversifying their offerings to
remain competitive in the evolving cleaning solutions landscape.
Factors |
Value |
Category |
Chemicals and Materials |
Pages |
390 |
Table Count |
150 |
Chart Count |
110 |
Companies Count |
30 |
Countries Count |
50 |
Report Type |
Published |
Report Region |
Global |
Largest Market |
North America |
Fastest Growing Market |
APAC |
Base Year |
2023 |
Market Size in Base Year |
93.8 billion |
CAGR (2024-2035) |
8.10% |
Forecast Year |
2024-2035 |
Historical Year |
2019-2022 |
Market Size in 2035 |
239.1 billion |
Countries Covered |
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Turkey, Israel, China, Japan, India, South Korea, Australia, SEA, Brazil, Chile, Argentina, Saudi Arabia, UAE, Qatar, South Africa, Rest of World |
Region Covered |
North America, Europe, APAC, South America, Middle East and
Africa |
Key Driver & Restraint |
Stricter regulations regarding workplace safety, environmental protection, and chemical usage drive the demand for compliant cleaning solutions
Advancements in cleaning technologies, such as ultrasonic cleaning and plasma cleaning, offer alternatives to traditional chemical-based cleaning methods |
Segments Covered |
Type, application, form and sales channel |
Market Analysis by Type
Based on type, Industrial
Cleaning Chemicals market is segmented into Alkaline Cleaners, Acidic Cleaners,
Solvent-based Cleaners, Surfactants, Disinfectants, Others (e.g., Enzyme
Cleaners, Chelating Agents)
Alkaline Cleaners dominated the industry with a value of USD 33.87 billion in 2023 and is estimated to grow at a CAGR of 5.9% during the forecast period.
Key trends in
alkaline cleaners within the industrial cleaning chemicals market include a
shift towards eco-friendly formulations to address sustainability concerns and
comply with stricter regulations. Manufacturers are developing alkaline
cleaners with biodegradable ingredients and reduced environmental impact, catering
to the growing demand for green cleaning solutions.
Furthermore,
there's a trend towards multifunctional alkaline cleaners that offer not only
cleaning but also degreasing and sanitizing properties. This trend aligns with
the increasing emphasis on efficiency and cost-effectiveness in industrial
cleaning processes, as multifunctional cleaners streamline operations and
reduce the need for multiple products.
Advancements in
formulation technology are driving the development of more effective and
efficient alkaline cleaners capable of removing tough soils and contaminants.
Manufacturers are leveraging innovations in chemistry to enhance the
performance of alkaline cleaners while minimizing their environmental
footprint.
Moreover,
increased automation and digitization in industrial cleaning processes are
shaping demand for alkaline cleaners suitable for use with automated systems.
These cleaners are formulated to meet the specific requirements of automated
cleaning equipment, optimizing cleaning performance and efficiency in modern
industrial settings.
Overall, the key trends in alkaline cleaners reflect the industry's focus on sustainability, efficiency, and technological innovation to meet the evolving needs of industrial cleaning applications.
Segments |
Values |
By Application |
·
Manufacturing &
Processing ·
Food & Beverage ·
Healthcare ·
Automotive ·
Aerospace ·
Oil & Gas ·
Others (e.g.,
Pharmaceuticals, Electronics) |
By Form |
·
Liquid ·
Powder ·
Granules ·
Others (e.g., Gel, Aerosol) |
By Sales
Channel |
·
Direct Sales ·
Distributors ·
Online Retailers ·
Others |
Market Analysis by Region
Industrial
Cleaning Chemicals market analysis includes the statistics of major geographies
such as North America, Europe, Asia Pacific, South America and MEA.
In terms of Industrial Cleaning Chemicals market statistics, North America acquired a market value of USD 33.84 billion in 2023 and is estimated to reach a value of USD 68.13 billion by 2035 with a CAGR of 5.4% during the forecast period.
In North
America, several key trends are shaping the industrial cleaning chemicals
market. Firstly, there's a growing emphasis on eco-friendly formulations to
meet stringent regulatory requirements and address sustainability concerns.
Manufacturers are developing cleaning chemicals with biodegradable ingredients
and reduced environmental impact, aligning with the region's focus on
environmental stewardship.
Secondly,
there's a trend towards specialized cleaners tailored to specific industries,
such as food processing, healthcare, and automotive. These specialized cleaners
are formulated to meet the unique cleaning challenges and regulatory
requirements of each industry, catering to the diverse needs of North American
businesses.
Additionally,
advancements in nanotechnology are driving the development of more efficient
and versatile cleaning agents. Nanotechnology-based cleaning chemicals offer
enhanced performance and precision, enabling thorough cleaning and disinfection
of surfaces at the microscopic level.
Moreover,
increased adoption of automation and robotics in industrial cleaning processes
is shaping demand for chemicals compatible with automated systems.
Manufacturers are developing cleaning chemicals that are formulated to work
seamlessly with automated cleaning equipment, optimizing cleaning efficiency
and reducing labor costs.
Overall, the key trends in the North American industrial cleaning chemicals market reflect the region's commitment to sustainability, innovation, and efficiency in meeting the evolving cleaning needs of various industries.
In the
Asia-Pacific (APAC) region, key trends in the industrial cleaning chemicals
market include a growing demand for eco-friendly formulations driven by
increasing environmental awareness and stringent regulatory standards.
Manufacturers are developing cleaning chemicals with biodegradable ingredients
and reduced environmental impact to meet these requirements.
Furthermore,
there's a trend towards specialized cleaners tailored to specific industries,
such as manufacturing, healthcare, and food processing. These cleaners are
formulated to address the unique cleaning challenges and regulatory
requirements of each industry, catering to the diverse needs of APAC
businesses.
Additionally,
advancements in formulation technology are driving the development of more efficient
and versatile cleaning agents. Manufacturers are leveraging innovations in
chemistry to enhance the performance of cleaning chemicals while minimizing
their environmental footprint.
Moreover, the
adoption of automation and digitization in industrial cleaning processes is
shaping demand for chemicals compatible with automated systems. Cleaning
chemicals formulated for use with automated equipment optimize cleaning
efficiency and reduce labor costs in APAC industries.
Competitive Landscape
Key companies operating within the Industrial Cleaning
Chemicals market are: Procter & Gamble, BASF
SE, Clariant, The Clorox Company, Inc., Henkel AG & Co. KGaA, 3M,
Kimberly-Clark Corporation, Reckitt Benckiser Group plc, Croda International
PLC, Albemarle Corporation, Eastman Chemical Corporation, Huntsman
International LLC, STEPAN Company, Westlake Chemicals Corporation, SOLVAY, Dow,
Sasol
Recent Development:
In December
2022, Clariant AG unveiled plans to expand its presence in China through new
investments aimed at enhancing its ethoxylation plant. The company is injecting
USD 87.5 million into increasing capacity for existing products and introducing
new ones by the end of 2024.
In November
2022, BASF SE announced a partnership with Inditex to develop the inaugural
detergent designed to minimize microfiber release from textiles during washing.
In June 2022,
Evonik Industries AG marked the commencement of construction for the world's
premier commercial rhamnolipid production facility with a groundbreaking
ceremony. This significant investment, in the triple-digit millions of euros,
is located at Evonik's biotech hub in Slovakia.
In April 2022,
Solvay SA declared the production launch of the biodegradable solvent
Rhodiasolv IRIS. Previously manufactured in China, the solvent will now be
produced at Solvay's Melle site in France.
In January 2022, Dow Inc. finalized an exclusive partnership with Locus Performance Ingredients to broaden biosurfactant offerings in the global home care and personal care sectors.
1.
Global
Industrial Cleaning Chemicals Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Industrial Cleaning
Chemicals Market Scope and Market Estimation
1.2.1. Global Industrial Cleaning
Chemicals Overall Market Size, Revenue (US$ Mn) & Sales (Tons), Market CAGR
(%), Market forecast (2024 - 2035)
1.2.2. Global Industrial Cleaning
Chemicals Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035
1.3. Market Segmentation
1.3.1. By Type
1.3.2. By Application
1.3.3. By Form
1.3.4. By Sales Channel
2.
Executive Summary
2.1. Market Dynamics
2.1.1. Drivers
2.1.2. Limitations
2.1.3. Opportunities
2.1.4. Impact Analysis of Drivers and
Restraints
2.2. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitutes
2.4.4. Threat of New Entrants
2.4.5. Competitive Rivalry
2.5. Value Chain / Ecosystem Analysis
2.6. Patent Analysis
2.7. Case Study Analysis
2.8. Economic Downturn Analysis
2.9. Production Analysis and Capacity
2.10. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Industrial Cleaning
Chemicals Market Estimates &
Historical Trend Analysis (2019 - 2022)
4.
Global Industrial Cleaning
Chemicals Market Estimates &
Forecast Trend Analysis, by Type
4.1. Global Industrial Cleaning
Chemicals Market Revenue (US$ Mn) & Sales (Tons) Estimates and Forecasts, by
Type, 2019 to 2035
4.1.1. Alkaline Cleaners
4.1.2. Acidic Cleaners
4.1.3. Solvent-based Cleaners
4.1.4. Surfactants
4.1.5. Disinfectants
4.1.6. Others (e.g., Enzyme Cleaners,
Chelating Agents)
5.
Global Industrial Cleaning
Chemicals Market Estimates &
Forecast Trend Analysis, by Application
5.1. Global Industrial Cleaning
Chemicals Market Revenue (US$ Mn) & Sales (Tons) Estimates and Forecasts, by
Application, 2019 to 2035
5.1.1. Manufacturing & Processing
5.1.2. Food & Beverage
5.1.3. Healthcare
5.1.4. Automotive
5.1.5. Aerospace
5.1.6. Oil & Gas
5.1.7. Others (e.g., Pharmaceuticals,
Electronics)
6.
Global Industrial Cleaning
Chemicals Market Estimates &
Forecast Trend Analysis, by Sales Channel
6.1. Global Industrial Cleaning
Chemicals Market Revenue (US$ Mn) & Sales (Tons) Estimates and Forecasts, by
Sales Channel, 2019 to 2035
6.1.1. Direct Sales
6.1.2. Distributors
6.1.3. Online Retailers
6.1.4. Others
7.
Global Industrial Cleaning
Chemicals Market Estimates &
Forecast Trend Analysis, by Form
7.1. Global Industrial Cleaning
Chemicals Market Revenue (US$ Mn) & Sales (Tons) Estimates and Forecasts, by
Form, 2019 to 2035
7.1.1. Liquid
7.1.2. Powder
7.1.3. Granules
7.1.4. Others (e.g., Gel, Aerosol)
8.
Global Industrial Cleaning
Chemicals Market Estimates &
Forecast Trend Analysis, by Region
8.1.
Global
Industrial Cleaning Chemicals Market Revenue (US$ Mn) & Sales (Tons) Estimates
and Forecasts, by Region, 2019 to 2035
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Industrial Cleaning Chemicals Market: Estimates & Forecast Trend Analysis
9.1.
North
America Industrial Cleaning Chemicals Market Assessments & Key Findings
9.1.1. North America Industrial
Cleaning Chemicals Market Introduction
9.1.2. North America Industrial
Cleaning Chemicals Market Size Estimates and Forecast (US$ Million) (2019 -
2035)
9.1.2.1. By Type
9.1.2.2. By Application
9.1.2.3. By Form
9.1.2.4. By Sales Channel
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.1.1.
By Type
9.1.2.5.1.2.
By Application
9.1.2.5.1.3.
By Form
9.1.2.5.1.4.
By Sales Channel
9.1.2.5.2. Canada
9.1.2.5.2.1.
By Type
9.1.2.5.2.2.
By Application
9.1.2.5.2.3.
By Form
9.1.2.5.2.4.
By Sales Channel
9.1.2.5.3. Mexico
9.1.2.5.3.1.
By Type
9.1.2.5.3.2.
By Application
9.1.2.5.3.3.
By Form
9.1.2.5.3.4.
By Sales Channel
10. Europe Industrial
Cleaning Chemicals Market: Estimates
& Forecast Trend Analysis
10.1. Europe Industrial Cleaning
Chemicals Market Assessments & Key Findings
10.1.1. Europe Industrial Cleaning
Chemicals Market Introduction
10.1.2. Europe Industrial Cleaning
Chemicals Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
10.1.2.1. By Type
10.1.2.2. By Application
10.1.2.3. By Form
10.1.2.4. By Sales Channel
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.1.1.By
Type
10.1.2.5.1.2.By
Application
10.1.2.5.1.3.By
Form
10.1.2.5.1.4.By
Sales Channel
10.1.2.5.2. U.K.
10.1.2.5.2.1.By
Type
10.1.2.5.2.2.By
Application
10.1.2.5.2.3.By
Form
10.1.2.5.2.4.By
Sales Channel
10.1.2.5.3. France
10.1.2.5.3.1.
By Type
10.1.2.5.3.2.
By Application
10.1.2.5.3.3.
By Form
10.1.2.5.3.4.
By Sales Channel
10.1.2.5.4. Italy
10.1.2.5.4.1.
By Type
10.1.2.5.4.2.
By Application
10.1.2.5.4.3.
By Form
10.1.2.5.4.4.
By Sales Channel
10.1.2.5.5. Spain
10.1.2.5.5.1.
By Type
10.1.2.5.5.2.
By Application
10.1.2.5.5.3.
By Form
10.1.2.5.5.4.
By Sales Channel
10.1.2.5.6. Russia
10.1.2.5.6.1.
By Type
10.1.2.5.6.2.
By Application
10.1.2.5.6.3.
By Form
10.1.2.5.6.4.
By Sales Channel
10.1.2.5.7. Rest of Europe
10.1.2.5.7.1.
By Type
10.1.2.5.7.2.
By Application
10.1.2.5.7.3.
By Form
10.1.2.5.7.4.
By Sales Channel
11. Asia Pacific Industrial
Cleaning Chemicals Market: Estimates
& Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Industrial Cleaning
Chemicals Market Introduction
11.1.2. Asia Pacific Industrial Cleaning
Chemicals Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
11.1.2.1. By Type
11.1.2.2. By Application
11.1.2.3. By Form
11.1.2.4. By Sales Channel
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.1.1.
By Type
11.1.2.5.1.2.
By Application
11.1.2.5.1.3.
By Form
11.1.2.5.1.4.
By Sales Channel
11.1.2.5.2. Japan
11.1.2.5.2.1.
By Type
11.1.2.5.2.2.
By Application
11.1.2.5.2.3.
By Form
11.1.2.5.2.4.
By Sales Channel
11.1.2.5.3. India
11.1.2.5.3.1.
By Type
11.1.2.5.3.2.
By Application
11.1.2.5.3.3.
By Form
11.1.2.5.3.4.
By Sales Channel
11.1.2.5.4. Australia
11.1.2.5.4.1.
By Type
11.1.2.5.4.2.
By Application
11.1.2.5.4.3.
By Form
11.1.2.5.4.4.
By Sales Channel
11.1.2.5.5. South Korea
11.1.2.5.5.1.
By Type
11.1.2.5.5.2.
By Application
11.1.2.5.5.3.
By Form
11.1.2.5.5.4.
By Sales Channel
11.1.2.5.5.5.
11.1.2.5.6. ASEAN
11.1.2.5.6.1.
By Type
11.1.2.5.6.2.
By Application
11.1.2.5.6.3.
By Form
11.1.2.5.6.4.
By Sales Channel
11.1.2.5.7. Rest of Asia Pacific
11.1.2.5.7.1.
By Type
11.1.2.5.7.2.
By Application
11.1.2.5.7.3.
By Form
11.1.2.5.7.4.
By Sales Channel
12. Middle East & Africa Industrial
Cleaning Chemicals Market: Estimates
& Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Industrial
Cleaning Chemicals Market Introduction
12.1.2. Middle
East & Africa Industrial
Cleaning Chemicals Market Size Estimates and Forecast (US$ Million) (2019 -
2035)
12.1.2.1. By Type
12.1.2.2. By Application
12.1.2.3. By Form
12.1.2.4. By Sales Channel
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.1.1.
By Type
12.1.2.5.1.2.
By Application
12.1.2.5.1.3.
By Form
12.1.2.5.1.4.
By Sales Channel
12.1.2.5.2. Saudi Arabia
12.1.2.5.2.1.
By Type
12.1.2.5.2.2.
By Application
12.1.2.5.2.3.
By Form
12.1.2.5.2.4.
By Sales Channel
12.1.2.5.3. Egypt
12.1.2.5.3.1.
By Type
12.1.2.5.3.2.
By Application
12.1.2.5.3.3.
By Form
12.1.2.5.3.4.
By Sales Channel
12.1.2.5.4. South Africa
12.1.2.5.4.1.
By Type
12.1.2.5.4.2.
By Application
12.1.2.5.4.3.
By Form
12.1.2.5.4.4.
By Sales Channel
12.1.2.5.5. Rest of Middle East & Africa
12.1.2.5.5.1.
By Type
12.1.2.5.5.2.
By Application
12.1.2.5.5.3.
By Form
12.1.2.5.5.4.
By Sales Channel
13. South America
Industrial Cleaning Chemicals Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Industrial
Cleaning Chemicals Market Introduction
13.1.2. South America Industrial
Cleaning Chemicals Market Size Estimates and Forecast (US$ Million) (2019 -
2035)
13.1.2.1. By Type
13.1.2.2. By Application
13.1.2.3. By Form
13.1.2.4. By Sales Channel
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.1.1.
By Type
13.1.2.5.1.2.
By Application
13.1.2.5.1.3.
By Form
13.1.2.5.1.4.
By Sales Channel
13.1.2.5.2. Argentina
13.1.2.5.2.1.
By Type
13.1.2.5.2.2.
By Application
13.1.2.5.2.3.
By Form
13.1.2.5.2.4.
By Sales Channel
13.1.2.5.3. Colombia
13.1.2.5.3.1.
By Type
13.1.2.5.3.2.
By Application
13.1.2.5.3.3.
By Form
13.1.2.5.3.4.
By Sales Channel
13.1.2.5.4. Rest of South America
13.1.2.5.4.1.
By Type
13.1.2.5.4.2.
By Application
13.1.2.5.4.3.
By Form
13.1.2.5.4.4.
By Sales Channel
14. Competition Landscape
14.1. Global Industrial Cleaning
Chemicals Market Competition Matrix & Benchmarking, by Leading Players /
Innovators / Emerging Players / New Entrants
14.2. Global Industrial Cleaning
Chemicals Market Competition White Space Analysis, By Application
14.3. Global Industrial Cleaning
Chemicals Market Competition Heat Map Analysis, By Form
14.4. Global Industrial Cleaning
Chemicals Market Concentration & Company Market Shares (%) Analysis, 2023
15. Company Profiles
15.1. Procter &
Gamble
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Sales Channel Portfolio
15.1.4. Business Strategy & Recent
Developments
15.1.5. Technology and Pricing
15.1.6. Key Suppliers
* Similar details would be provided
for all the players mentioned below
15.2. BASF SE
15.3. Clariant
15.4. The Clorox
Company, Inc.
15.5. Henkel AG
& Co. KGaA
15.6. 3M
15.7. Kimberly-Clark
Corporation
15.8. Reckitt
Benckiser Group plc
15.9. Croda
International PLC
15.10. Albemarle
Corporation
15.11. Eastman
Chemical Corporation
15.12. Huntsman
International LLC
15.13. STEPAN Company
15.14. Westlake
Chemicals Corporation
15.15. SOLVAY
15.16. Dow
15.17. Sasol
15.18. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & Conclusion
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Industrial Cleaning Chemicals market size was valued at USD 93.8 billion in 2023 and is estimated to reach a value of USD 239.1 billion by 2035 with a CAGR of 8.1% during the forecast period 2024-2035.
North America acquired a market value of USD 33.84 billion in 2023 and is estimated to reach a value of USD 68.13 billion by 2035 with a CAGR of 5.4% during the forecast period.
Key companies operating within the Industrial Cleaning Chemicals market are: Procter & Gamble, BASF SE, Clariant, The Clorox Company, Inc., Henkel AG & Co. KGaA, 3M, Kimberly-Clark Corporation, Reckitt Benckiser Group plc, Croda International PLC, Albemarle Corporation, Eastman Chemical Corporation, Huntsman International LLC, STEPAN Company, Westlake Chemicals Corporation, SOLVAY, Dow, Sasol
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