The global industrial cleaning chemicals market is likely to showcase a growth
The global industrial cleaning chemicals market is likely to showcase a growth of around 6% during the forecast period. This can be ascribed to the growing end-use industry and increasing awareness regarding industrial hygiene in light of COVID-19 in order to curtail the spread of disease. Regular sanitizing of equipment has become the standard operating procedure in several companies which in turn increases the consumption of cleaning chemicals.
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Cleaning chemicals form a critical part of the overall industrial process whether it’s food processing equipment, metal, or electronics. Further, precleaning of components before taking plant units and equipment online or regular maintenance cleaning is an important function of industries. Therefore, cleaning chemicals remains always in demand. Chemical pre-cleaning activities generally consist of the removal of extraneous matter; dirt, dust, grease, and oil; welding slag; loose rust and oxide scales; and other debris that can form deposits within the system and interfere with operating equipment. Moreover, in the light of COVID-19, increasing focus on regular sanitizing of equipment especially in the case of food processing industries is increasing the demand for industrial cleaning chemicals.
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Based on type, the market is categorized into acids, biocides, chelating agents, surfactants, stabilizers, performance boosters, solvents, and others. Of these, surfactant accounted for a significant share in the market and is expected to remain a critical part of the cleaning process during the forecast period owing to the wide use of surfactants in cleaning products for the purpose of cleaning oil and dirt from a surface. However, during the forecast period, biocides are also expected to showcase robust growth. Unwanted deposits on the surface promote microbial growth and interfere with corrosion control measures. Thereby reducing the growth of microbes and increasing awareness among consumers regarding hygiene are expected to increase the demand for biocides.
Based on application, the market is categorized into food & beverage processing, fabricated metal products, electronic component, textile, and others. Among these, electronic components are likely to showcase robust growth during the foreseeable future. This can be ascribed to increasing investment in the sector in order to meet the growing demand for semiconductors and electronics items.
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For a better understanding of the market adoption of industrial cleaning chemicals, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase significant growth over the forecast period. This can be ascribed to the large base of industries in the regional economies, increasing safety standards, the establishment of international companies which follows high standard operating procedures, and the creation of industry-first policies by the governments of several nations like India, Vietnam, and Thailand to attract international investors.
Global Industrial Cleaning Chemicals Market Segmentation
Market Insight, by Type
· Acids
· Biocides
· Chelating Agents
· Surfactants
· Stabilizers
· Performance Booster
· Solvents
· Others
Market Insight, by Application
· Food & Beverage Processing
· Fabricated Metal Products
· Electronic Component
· Textile
· Others
Market Insight, by Region
· North America Industrial Cleaning Chemicals Market
o The United States
o Canada
o Rest of North America
· Europe Industrial Cleaning Chemicals Market
o Germany
o The United Kingdom
o France
o Spain
o Italy
o Rest of Europe
· Asia-Pacific Industrial Cleaning Chemicals Market
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of World Industrial Cleaning Chemicals Market
Top Company Profiles
· BASF SE
· Clariant AG
· The Dow Chemical Company
· Evonik Industries AG
· Solvay S.A.
· Stepan Company
· Nouryon
· Croda International plc
· Henkel AG & Co. KGaA
· Westlake Corporation
