The global industrial cleaning market is expected to grow at a compound annual growth rate of 5.96% over the forecast period to reach a market size of US$75.130 billion in 2026, from US$50.098 billion in 2019. 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 the industrial cleaners market. Geographically, APAC will witness significant regional market growth during the forecast period owing to growing end-use industries in the region. Major companies have been making significant developments in the market, in the past few years. For instance, in July 2021, ITW Chemin, one of the key players in the market, announced the launch of a novel waterless industrial range of hand cleaners, known as Septoe Eliminator and Septone Orange Scrub, for the Indian market. The company had been identifying major and key challenges that the workers faced in auto repair facilities, body paint shops, maintenance departments, and automotive manufacturing. These trends and developments are expected to enhance the market growth, in the coming years.
Growth in the manufacturing sector.
The market is expected to surge in the coming years, due to the growth in the manufacturing sector, worldwide. According to the data given by the United Nations Industrial Development Organisation, manufactured goods, globally, accounted for over 80% of the total merchandise exports between the United States and China. The overall growth in the manufacturing value dropped by around 2.7% in the year 2019. Due to the pandemic, the manufacturing sector growth had reached the bottom value. The major reason was the lockdown and travel ban, which had a major impact on the movement of the workforce and the global supply chain. But the manufacturing growth is expected to surge in the coming years, due to the increasing incentives and reforms introduced by nations, such as Vietnam, China, and India. The Indian government had announced the launch of a PLI scheme for major global consumer electronics players. The incentives would allow them to manufacture smartphones and other consumer electronic devices in the country.
Growth in the automotive sector.
The market is expected to surge in the coming years, due to the rise in the automotive sector, worldwide. According to the data given by the International Organization of Motor Vehicle Manufacturers, around 91.7 million vehicles were produced in the year 2019. The rise in the demand for electric vehicles is also expected to play a major role in the market growth, in the coming years. According to the data given by the International Energy Agency, the total sales of electric cars was around 2.1 million, in the year 2019, worldwide. The overall production and demand for electric buses, two/three-wheelers, trucks ad others have been surging at an exponential rate. There had been a growth of around 6% in total electric car sales in 2019, as compared to its previous years. The United States had also announced the federal tax credit program for major electric car makers, such as Tesla and General Motors, which had a positive impact on electric car production and sales. These trends and developments are expected to play a major role in the market growth, in the coming years.
Major players have been making significant developments in the market, in the past few years. The rising investments, intending to develop novel products and solutions, are expected to play a major role in the market growth, in the coming years. For instance, in July 2021, Q Performance LLC, one of the key players in the market announced the launch of a novel comprehensive line of industrial chemical solutions, that have been designed and developed for high-quality cleanliness for the food services industry. The company had been providing industrial cleaning solutions for the manufacturing facility. Other players have also been making significant developments in the market. For instance, in July 2021, Rossari Biotech Ltd., a major provider of industrial cleaning, personal care, and other applications, announced that it had approved the acquisition of Tristar Intermediates Pvt. Ltd. Tristan has been one of the key providers of personal and home care additives, aroma chemicals and others. The company has also been a major supplier to textile, pharmaceutical, automotive, and other related industries.
Growth in the pharmaceutical sector
The market is expected to grow due to the increasing investments in the pharmaceutical sector, worldwide. Some of the major cleaning solutions, such as Noinoin detergents are being widely for equipment cleaning, intending to protect the quality of the product in pharmaceutical manufacturing. Other types of detergents such as cationic detergents, alkaline detergents, and anionic detergents are also used in this sector.
|Market size value in 2019||US$50.098 billion|
|Market size value in 2026||US$75.130 billion|
|Growth Rate||CAGR of 5.96% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Agent, Product type, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Evonik Industries, BASF, Dow Chemical Company, Stepan Company, Solvay, Air Products & Chemicals, Spartan Chemical Company, Ecolab, Pilot Chemical, Accepta|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the industrial cleaning market size by 2026?
A1. The global industrial cleaning market is expected to reach a market size of US$75.130 billion in 2026.
Q2. What is the size of global industrial cleaning market?
A2. Industrial Cleaning Market was valued at US$50.098 billion in 2019.
Q3. What are the growth prospects for the industrial cleaning market?
A3. The industrial cleaning market is expected to grow at a CAGR of 5.96% over the forecast period.
Q4. What factors are anticipated to drive the industrial cleaning market growth?
A4. Growing industrialization and manufacturing activities have led to a rise in demand for industrial cleaning solutions worldwide.
Q5. Which region holds the maximum market share of the industrial cleaning market?
A5. Geographically, Asia Pacific will witness significant regional market growth during the forecast period owing to growing end-use industries in the region.
Dow Chemical Company
Air Products & Chemicals
Spartan Chemical Company
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.