Industrial Cleaning Chemicals Market: Introduction
·
Industrial cleaning chemicals are used for periodic cleaning of
industrial facilities. These chemicals help clean and maintain industrial floor
for the safety of workers. Cleaning of machineries also helps increase their
operating life.
·
Industrial cleaning chemicals can also be used to prevent rust
formation on pipelines and vessels, heavy machineries, and equipment. Though
industrial cleaning chemicals are extremely efficient, one product cannot serve
multiple purposes. Each application requires a specifically formulated product.
Key Drivers of Global Industrial Cleaning Chemicals Market
·
Rise in awareness about safety, health, and hygiene in the
industrial environment is expected to drive the industrial cleaning chemicals
market during the forecast period. Rapid industrialization and establishment of
various manufacturing and industrial organizations in developing regions are
anticipated to act as key factors boosting the industrial
cleaning chemicals market during the forecast period.
·
Increase in investment in research and development activities to
lower the VOC content in various cleaning chemicals is expected to boost the
demand for Industrial cleaning chemicals in the near future. Manufacturers of
industrial cleaning chemicals need to comply with environmental policies in
order to avoid heavy penalties and product recalls. Demand for several
products, such as degreasers, rust cleaning agents, and surface cleaners, is
high in various industries such as manufacturing, automotive, and water
treatment.
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Health
Care End-use Segment to Offer Lucrative Opportunities to Global Market
·
The health care segment is estimated to expand significantly
during the forecast period. Rise in health care expenditure is a major factor
driving the demand for industrial cleaning chemicals in the health care sector.
Furthermore, high frequency of cleaning, which leads to rise in demand for
cleaning chemicals, and use of premium and high-performance cleaning products
are estimated to fuel the demand for industrial cleaning chemicals in the
health care application.
·
Large automotive production; and requirement of rust
controllers, degreasing agents, and other metal cleaning agents in the
automotive industry have propelled the demand for industrial cleaning chemicals
in automotive sector
More Trending Reports
Stringent Environmental Regulations on Industrial Cleaning
Chemicals Likely to Hamper Market
·
Environmental regulations significantly affect the industrial
cleaning chemicals market. Enactment of stringent environmental regulations to
reduce the VOC content in cleaning agents may lower the consumption of industrial
cleaning chemicals, thus negatively affecting the market during the forecast
period. However, manufacturers of industrial cleaning chemicals are focusing on
development of ecofriendly products to meet the product specifications and
regulations.
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Asia Pacific to Hold Significant Share of Global Industrial
Cleaning Chemicals Market
·
In terms of region, the global industrial cleaning chemicals
market can be divided into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa
·
Asia Pacific is projected to dominate the global industrial
cleaning chemicals market during the forecast period. Rise in demand for
industrial cleaning chemicals in applications such as manufacturing, health
care, retail & foodservice, and automotive is likely to boost the market in
the region.
·
Enactment of stringent regulations for the safety of workers in
industrial surroundings is also driving the demand for industrial cleaning
chemicals in Asia Pacific
·
Growth of various end-use industries such as automotive,
manufacturing, and health care in Asia Pacific is also anticipated to propel
the consumption of industrial cleaning chemicals in Asia Pacific
·
The market in North America and Europe has been expanding at a
steady pace. Well established automotive production in Europe boosted the
demand for industrial cleaning chemicals in the region in 2018. North America
is experiencing high demand for industrial cleaning chemicals from health care
and pharmaceutical industries.
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Key Players in Global Market
The global
industrial cleaning chemicals market is highly consolidated, with a few large players
dominating the market. The market includes a large number of domestic and
international players. Additionally, companies operating in the industrial
cleaning chemicals market are investing significantly in research activities on
low-cost and VOC-free products.
Key players operating in the global industrial cleaning
chemicals market include:
·
Diversey Inc.
·
Evonik Industries AG
·
The Dow Chemical Company
·
BASF SE
·
Clariant
·
Stepan Company
·
Ecolab
·
Solvay
·
Spartan Chemical Company
·
Croda International Plc.
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