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Industrial Cleaners Market To Register A CAGR Of 5.2%
During 2018- 2028
January 2019
Report Id : REP-GB-8573
Status : Publish
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
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Market profiling
2
Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
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(manufacturers), distributors, retailers
and industry experts
Data collection
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experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
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insights about the industry
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(PDF)
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Questionnaire design
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Coverage across value chain
Actionable
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SOLUTION
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Key strengths
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Key focus segments
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Key industry experts
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Company websites
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Factiva
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Genios
Meltwater
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Industrial Cleaners Market Analysis
Increasing Demand from End-Use Industries to Push Manufacturers Towards Innovation; Global Market
Revenue to Hit US$ 20 Billion in 2019
The industrial cleaners market is highly fragmented owing to the presence of a large number of global
and domestic players who are leveraging product differentiation to stay ahead in the game. Improved
aesthetics and fragrance coupled with innovative production processes to increase product shelf life is
pushing revenues in the market for industrial cleaners, as elucidated in a new research study by Future
Market Insights (FMI). The market is creating increasing growth opportunities for both existing players as
well as new entrants. Industrial cleaners manufacturing is relatively cost effective, given the low
production costs owing to low investment of capital and limited process training. A low entry barrier for
new players is characteristic of the industrial cleaners market.
According to a senior analyst in the Chemicals domain at FMI, “Established global players in the industrial
cleaners market are primarily focussing on increasing their manufacturing capacities as well as
introducing sustainable and multipurpose industrial cleaners to stay competitive in the ever-growing
market. Global players are thriving in the industrial cleaners market due to their widespread distribution
channels, sales networks, and wide product portfolios, and are able to maintain a steady year-on-year
growth in revenue. Domestic manufacturers, although large in number, offer stiff competition to the
global players in their respective regions in the industrial cleaners market.”
©2015 Future Market Insights, All Rights Reserved
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Industrial Cleaners Market Analysis
FMI attributes growth in sales of industrial cleaners to rapidly increasing demand from enduse industries. Adoption of industrial cleaners has increased significantly across industries
such as food and beverages, manufacturing, oil and gas, petrochemicals, and other
industries. Growing health and safety concerns especially in the manufacturing sector is
pushing demand for industrial cleaners. Industrial cleaners clean and protect manufacturing
equipment and make it safe, free from corrosion, and more efficient. Industrial cleaners also
help reduce the harmful effects of chemicals used in manufacturing processes on human
health as well as the environment. This is one of the significant factors boosting adoption of
industrial cleaners across end-use industries.
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Sustainable Industrial Cleaning Solutions Trending the Global Market
Global warming has led to a growing demand from industries for sustainable cleaning
solutions that are environment friendly, efficient, and safe for human health. Manufacturers
of industrial cleaners are launching sustainable products that are safe and effective in a bid to
stay competitive.
©2015 Future Market Insights, All Rights Reserved
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Industrial Cleaners Market Analysis
Key Players in the Industrial Cleaners Market
Some of the leading players in the global industrial cleaners market include Kao Chemicals GmbH, Neos
Company Limited, BASF SE, Croda International plc, Huntsman Corporation, 3M Company, Stepan
Company, Quaker Chemical Corporation, WVT Industries, The Dow Chemical Company, Evonik Industries
AG, Akzo Nobel N.V., Clariant, Ecolab, Solvay S.A., and Mitsubishi Chemical Holdings Corporation.
Industrial Cleaners Market: Regional Insights
Growth of the industrial cleaners market is expected to be driven mainly by the markets in China, South
East Asia & Pacific, and India. North America and Europe are projected to hold high market shares in the
global industrial cleaners market, and these regions are expected to create huge demand for industrial
cleaners due to the growing number of manufacturing industries. The rapidly expanding population and
increasing need for consumer goods in China and India has led to rapid development of the
manufacturing sector, which in turn is expected to create huge demand for industrial cleaners.
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