Industrial cleaning market is projected to witness a CAGR of 5.24% during the forecast period to reach a total market size of US$62.137 billion by 2023, increasing from US$45.727 billion in 2017. Growing industrialization and manufacturing activities have led to a rise in demand for Industrial Cleaning solutions worldwide. Implementation of stringent regulations regarding hygiene in industries such as healthcare and food and beverage is another driver of industrial cleaners market. Geographically, APAC will witness a significant regional market growth during the forecast period owing to growing end-use industries in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Industrial Cleaning value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are Evonik, BASF, DOW Chemical, and Solvay among others.
By End User Industry
Food and Beverage
Middle East and Africa