The 120-page report on the industrial cleaning chemicals market has been segmented by end-user (manufacturing and commercial offices, healthcare, retail and foodservice, hospitality, and others) and geography (APAC, North America, Europe, South America, and MEA).
By end-user, the manufacturing and commercial offices segment will have significant market share growth during the forecast period. There is high demand for industrial cleaning chemicals from the manufacturing industry. An increase in awareness regarding workplace hygiene and growth in commercial office spaces are some of the factors driving the demand for industrial cleaning chemicals.
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The industrial cleaning chemicals market is expected to grow by USD 11.77 billion from 2020 to 2025. The growth momentum of the market is expected to accelerate at a CAGR of 4.49%.
Industrial Cleaning Chemicals Market: Major Growth Drivers
Industrial cleaning chemicals ensure the hygiene and cleanliness requirements of healthcare facilities and the manufacturing units of healthcare equipment. The growth in healthcare spending will lead to a rise in the number of healthcare facilities and equipment manufacturing. Thus, the increase in healthcare spending will drive the growth of the industrial cleaning chemicals market.
Read more: Industrial Cleaning Chemicals Market to Grow by USD 11.77 billion