Industrial And Institutional Cleaning Chemicals Market, Overview, Growth, Demand and Forecast to 202
The Industrial and Institutional Cleaning Chemicals Market, valued at USD 9,877.50 million in 2022, is projected to witness a Compound Annual Growth Rate (CAGR) of 5.6% over the forecast period. The market’s growth is fueled by stringent government regulations and environmental laws governing the production, labeling, and use of cleaning chemicals, driving manufacturers to ensure compliance and maintain consumer trust.
Increasing awareness of environmental issues has spurred a demand for eco-friendly and sustainable cleaning solutions. Consumers, businesses, and governments advocate for products with reduced environmental impact, such as biodegradable, non-toxic, and phosphate-free cleaners. Product launches like Proklean’s bio-friendly floor cleaners demonstrate the market’s response to this demand, further propelling growth.
The food and beverage industry, subject to stringent regulations ensuring food safety and quality, relies heavily on cleaning and sanitation to meet these standards. Cleaning chemicals play a crucial role in disinfecting equipment, surfaces, and utensils to prevent contamination and maintain product quality, thereby driving market growth.