The industrial cleaning market is expected to grow from its initial value of USD 3.85 billion in 2022 to an estimated value of USD 4.42 billion by 2028, recording a CAGR of 6.04% over the forecast period 2023-2028
This increase in demand for oil and gas and chemical processing in the end-user industries is driving this market growth.
Industrial cleaning is vital in several applications, such as food processing, commercial and manufacturing offices, retail and food services, medical care, hospitality, automotive and aerospace, etc. The growth of various applications mainly triggers the growth of the global industrial cleaning market. Cleaning plays a crucial role in growth and performance in sectors such as health, hospitality, and retail. In these sectors, there is a direct interaction with the customer, and therefore, these industries focus on cleanliness. In manufacturing, automotive, and food processing, better hygiene not only translates into quality products but is also safe for workers' health, which helps improve productivity. All of these industries are expected to grow at a favorable rate, which should stimulate demand for industrial cleaning in these applications. Work hygiene initiatives are also a driver for the global industrial cleaning market. Companies have taken several actions to keep the work area and nearby surfaces clean. For example, in developed regions, cleaning standards are rigorous, and, in the event of an accident or setback, the company has to pay a hefty fine as compensation.
The increase in medical care and hygiene concerns is supposed to boost the global industrial cleaning market in the future. The growing threat of infectious diseases and associated infections has increased overall health spending; This shows considerable growth in the near future. Increasing consumer awareness of contagious diseases caused by viruses, pathogens, and bacteria is increasing the demand for cleaning chemicals. The cleanliness of the environment is an important concept to avoid infections associated with medical care. Many companies adopted multiple strategies in the global industrial cleaning market, such as agreements, new product launches, collaborations, mergers, and acquisitions, which are the essential engines of the worldwide market. The organic growth in the food, restaurants, bars, and taverns industries, which encourages the food and services industries to establish new facilities and new opportunities, is also driving the growth of the global industrial cleaning market.
In addition, the accelerated pace of industrialization and urbanization leads to market growth. The growing demand for energy from renewable sources further increases the growth in the industrial cleaning market.
Government regulations are a major obstacle to the growth of the global industrial cleaning market. In addition, the risks of fire and explosion limit the demand for the industrial cleaning business.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2022-2028 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2028 |
|
CAGR |
6.04% |
|
Segments Covered |
|
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
|
|
Market Leaders Profiled |
Indian Oil Corporation Ltd, S-OIL CORPORATION, HPCL, Saudi Arabian Oil Co., Abu Dhabi National Oil Company, Bharat Petroleum Corporation Limited, Kuwait Petroleum Corporation (KPC) , Fluor Corporation., Chevron, BP plc, Shell, Exxon Mobil, SINOPEC, Phillips 66, Reliance Industries Limited, PBF Energy, Dow, BASF SE, Paratherm, Haldor Topsoe A / S, Huntsman International LLC. |
Market Segmentation:
General
Metal Cleaners
Food Processing
Manufacturing
Oil & gas
Commercial offices
Automotive & Aerospace
Healthcare
Retail & Food Service
Chelating Agents
Surfactant
Solvent
The demand for degreasers is likely to increase and remain prevalent as compared to other industrial cleaners, due to their multiple applications in numerous end-use industries. Degreasers are often used for machinery and equipment with moving parts to remove grease and clean the surface from impurities.
Based on the application, manufacturing and oil and gas industries are foreseen to be the dominant segments of the global industrial cleaners market, due to the presence of a large number of manufacturing industries. The recovery of oil and gas prices has contributed to the growth of the oil and gas industry, which is driving the demand for industrial cleaning products in this segment. The other sectors that cover a significant market portion are consumer goods, the automotive industry, and so on, which are growing exponentially due to the increase in urban population and industrialization in developing economies.
Asia-Pacific industrial cleaning market had a prominent share in the global business due to the increasing importance given to sanitation by people in this region. The increased demand for industrial cleaning in hospitals is one of the main reasons for the growing demand for these chemicals in this region. Also, growth in the infrastructure sector will increase the demand for cleaning chemicals in Asia-Pacific.
North America industrial cleaning market also contributed most of the market share due to the industrialization associated with the expansion of the industrial network. The growing demand in the industrial, residential, and commercial segments is predicted to stimulate the regional industrial cleaning market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region