The global industrial and institutional cleaning chemicals market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. Cleaning is critical to the growth and success of healthcare, hotel, and retail businesses. Since these industries involve direct consumer touch, they place a premium on cleanliness. Better hygiene results in quality goods in the manufacturing, automotive, and food processing industries, as well as worker safety, which aids productivity. All of these sectors are likely to grow at a good rate, resulting in increased demand for industrial cleaning chemicals in these industries.
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The growth of the e-commerce sector is directly related to population increase, internet penetration, industrialization, and chronic disease growth. Furthermore, as a result of the rise in chronic diseases, consumers are finding it increasingly difficult to avoid congested public places, therefore they are increasingly turning to online shopping for their necessities, fueling the growth of the e-commerce industry. Furthermore, the COVID-19 chronic disease in the region, as well as a shortage of hand sanitizers and other cleaning agents in retail stores, supermarkets, and healthcare facilities, are pushing the growth of online sales, which in turn is propelling the e-commerce sector. For an instance, Reckitt Benckiser Plc. increased its e-commerce workforce from slightly over 300 to over 1,000 full-time employees between 2017 and 2019. In addition, the company made other significant investments, such as the £100 million R&D Centre in the UK, which opened in mid-2019. Furthermore, the emergence of online channels for Small and Medium-sized Enterprises (SMEs) in developed and developing nations is contributing to the e-commerce sector’s growth. Amazon, Alibaba, C-discount, Fancy, and eBay are the most popular e-commerce platforms. Growing technological advancements and developments in the e-commerce sectors, such as artificial intelligence-based chatbots, E-wallets such as Apple Pay and Google Pay, adoption of robots and automation systems in logistics to streamline inventory management and shipping, and customizations of products and brands, as well as newsletters of the respective products with customer feedback, are likely to boost the market growth.
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Market Coverage
Segment Covered-
- By Raw Material
- By Product Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Procter & Gamble, Henkel AG & Co. KGaA, BASF SE, Clariant, and 3M among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial and Institutional Cleaning Chemicals Market Report Segment
By Raw Material
- Chlor-alkali
- Surfactants
- Solvents
- Phosphate
- Biocides
- Other raw materials
By Product Type
- General-Purpose Cleaners
- Disinfectants and Sanitizers
- Laundry Care Products
- Vehicle Wash Products
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