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Industrial and Institutional Cleaning Chemicals Market

Industrial and Institutional Cleaning Chemicals Market, By Application (Industrial (Building care chemicals, Hand hygiene chemicals, Other chemicals), Commercial (Kitchen care chemicals, Building care chemicals, Hand hygiene chemicals, Laundry care chemicals, Others ), Domestic (Kitchen care chemicals, Building care chemicals, Hand hygiene chemicals, Laundry care chemicals, Others)), and By Region (North America, Latin America, Europe, APAC, MEA) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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Industrial and Institutional Cleaning Chemicals Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET ANALYSIS Industrial and Institutional Cleaning Chemicals Market, By Application (Industrial (Building care chemicals, Hand hygiene chemicals, Other chemicals), Commercial (Kitchen care chemicals, Building care chemicals, Hand hygiene chemicals, Laundry care chemicals, Others ), Domestic (Kitchen care chemicals, Building care chemicals, Hand hygiene chemicals, Laundry care chemicals, Others)), and By Region (North America, Latin America, Europe, APAC, MEA) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. Industrial & institutional cleaning products are cleaning chemicals that are widely used for routine cleaning across various industries such as warehouses, research & development laboratories, pharmaceutical, residential areas, institutes, offices and other industries. They can be classified into building care chemicals, kitchen care chemicals, laundry care chemicals, and hand hygiene chemicals. • Statistics: • The global Industrial & institutional cleaning products market accounted for US$ 45,957 Mn in terms of value and 17,478 Kilo Tons in terms of volume by the end of 2019. • Drivers: • Driver 1 • Rising prevalence of Healthcare-Associated Infections (HAI) as the devices used in the medical procedure are highly prone to serious Infection if not sterile properly is fueling market growth. This is attributed to the increasing visit of patients in the hospital due to a rise in serious illness. According to the study conducted by the European Centre for Disease Prevention and Control (ECDC), around 4,100,000 patients acquire a healthcare-associated infection in the European Union every year.

  4. Driver 2 • Growing hygiene and health awareness among consumers is expected to accelerate the market growth of the industrial & institutional cleaning chemicals. Rising awareness regarding the infections caused by various virus and bacteria due to the increasing prevalence of the outbreak of viral infections around the globe is further expected to augment the market growth of the industrial & institutional cleaning chemicals over the forecast period. • Statistics: • North America region dominated the global Industrial & institutional cleaning products market in 2019, accounting for 35.1% share in terms of value, followed by APEJ and Western Europe, respectively.

  5. Figure 1: Global Industrial and Institutional Cleaning Chemicals Market Share (%) in terms of Value, By Region, in 2019 Market Restraints: Restraint 1 Strict environmental regulations set by the government for the use of the cleaning chemicals as they have a negative environmental impact is expected to restrict the market growth over the forecast period. Restraint 2 Higher labor cost for applying cleaning chemicals is expected to hamper the market growth of the industrial & institutional cleaning chemicals.

  6. Market Opportunities: Opportunity 1 Growing demand for aesthetics and fragrance cleaning products across various end-user industries is projected to foster the market growth of the industrial & institutional cleaning chemicals. Manufacture are developing polymers and chemicals that can add fragrances to the cleaning products is expected to open new avenues to the market of industrial & institutional cleaning chemicals in the near future. Opportunity 2 The low entry barrier of new players in the industrial & institutional cleaning chemicals market is expected to bring new growth opportunities over the forecast period. This only requires very low capital investment and the production process requires basic training which reduces the overall manufacturing process. These factors are expected to create new opportunities for new entrants.

  7. Figure 2: Global Industrial and Institutional Cleaning Chemicals Market– Opportunity Analysis Statistics: For any segment information: Commercial segment in the Global Industrial & institutional cleaning products market is valued at US$ 20,367.40 Million in 2019 and is forecast to grow at a CAGR of 5.1% between 2020 and 2027.  Market Trends/Key Takeaways: Trend 1 The rising trend of green cleaning initiatives is gaining traction in the market is expected to accelerate the market growth of the industrial & institutional cleaning chemicals. Growing awareness regarding the environmental cleaning coupled with the growing adoption of cleaning workplace practices due to strict hygienic regulations is projected to augment the market growth of over the forecast period.

  8. Trend 2 • The development of an innovative product with enhanced properties in the laundry care chemicals segment is expected to be a major trend in the expected to foster market growth. This is attributed to the increasing focus on the preservation of the original colors of fabrics. Moreover, increasing development of sustainable ingredients for cleaning chemicals in response to the growing need for a safe and sustainable environment. • Competitive Section:

  9. Company Names  • BASF SE • AkzoNobel N.V. • Henkel AG & Co.KGaA • Solvay SA • Huntsman Corporation • Eastman Chemical Company • Lonza Group Limited • Procter & Gamble Co. • Croda International Plc. • The Dow Chemical Company • Betco Corporation • Sealed Air Corporation • Ecolab Inc.

  10. Betco Corporation: • In August 2017, Betco Teams With Goodwill. As part of the agreement, Betco’s cleaning chemicals and equipment facilitate the purchasing service to Goodwill NCCP members. Betco’s partnership with Goodwill was facilitated by its distribution partner Veritiv Corp.

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/industrial-and-institutional-cleaning-chemicals-market-3963

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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