Global Cleaning Chemicals Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
The global cleaning chemical market is forecasted to grow around $55.64 billion at a CAGR of 4.7% during 2016-2022. Cleaning chemicals is a kind of chemical agents basically used for cleaning stains, eliminating bas odor, dust particles and other contaminated surfaces. These chemicals can be sanitizer, disinfectants, general purpose cleaner etc. The cleaning chemical market is forecasted to grow at higher rate in future due to rapid growth and rising concern of people regarding health and hygiene in all over the world.
Wide usage of cleaning chemical in various applications, rising investment of by key players, increasing demand for cleaning chemical are the several factors promoting the growth of global cleaning chemicals market . Although there are many factors driving the market, but still there are certain challenges prevailing in the market such as fluctuations of raw material prices, rising environmental concern etc.
The global cleaning chemicals market is segmented on the basis of type, by application, chemical nature, form, products and by geography. On the basis of type, the market is segmented into air fresheners (formaldehyde, petroleum distillates, 1, 4 dichlorobenzene, aerosol, dipentene), dishwashing (phosphates, trisodium, chlorine), floor-care products (petroleum distillates, formaldehyde, ether, isopropyl alcohol, ammonia), sanitizers and disinfectants (chlorine, ammonia, chlorhexidine, hexachlorophene, iodine, triclosan), cleaners (ammonia, ethylene glycol butyl ether) etc. Among all type, sanitizers and disinfectants is the fastest growing market in near future due to rising healthy concerns across the globe. On the basis of application, the market is further segmented into healthcare facilities, household appliances, hospitals, retail outlets, others. Among all applications, healthcare industry is forecasted to grow at a CAGR of more than 40% by 2022. The major reason behind the success of this industry is raising healthcare infrastructure in the global cleaning chemical market. Another major reason that helps in boosting this market is increasing number of hospitals etc. On the basis of chemical nature, the market is segmented into alkalies, caustic, chlorine, soda ash, solvents (alcohols, terpenes, ethers, hydrocarbon, chlorinated solvents, others), surfactants (anionic surfactants, nonionic surfactants, cationic surfactants, iodine, phenols, formaldehydes, others) etc. Among all chemical nature, surfactants and surface is expected to grow further due to rising need of chemicals in healthcare sector. On the basis of form, the market is segmented into powder, liquid, granules and others. On the basis of product, the market is further segmented into general purpose cleaners, floor care products, ware-washing detergents, disinfectants & sanitizers, laundry care products, vehicle wash products, hand cleansers and others. Among all products, general purpose cleaners hold the largest market share in cleaning products and it is expected to grow significantly in future. On the basis of geography, Europe, Asia Pacific North America, and ROW are the major segments of this global cleaning chemicals market. North America region holds the largest market share in cleaning chemicals market due to changing lifestyle and high growth rate in urban sector etc.
Some of the major players of the market include BASF SE, Akzo Nobel NV, Nease Comapany, LLC, Kaivac Cleaning systems, E & C Chemicals, Inc., Magnum Research Corp., International Products Corp., ChemWorks, Coastal Industrial Ltd., Caroll Company, Applied Industrial Technologies, Newton Distributing Co, Inc., Abatix Corp., Lubrication Engineers, Inc., Fuller Industries, MacDermid Autotype, Inc., Dow Chemical Company and so on. Mergers, product launches, Innovation and expansion are some of the key strategies adopted by the market players. On 15th March’2016, BASF and Avantium have established its joint venture for the production as well as marketing of furandicarboxylic acid and PEF based on the new chemical building block.
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1. BASF SE
2. AKZO NOBEL NV
3. NEASE COMAPANY, LLC
4. KAIVAC CLEANING SYSTEMS
5. E & C CHEMICALS, INC.
6. MAGNUM RESEARCH CORP.
7. INTERNATIONAL PRODUCTS CORP.
9. COASTAL INDUSTRIAL LTD.
10. CAROLL COMPANY
11. APPLIED INDUSTRIAL TECHNOLOGIES
12. NEWTON DISTRIBUTING CO, INC.
13. ABATIX CORP.
14. LUBRICATION ENGINEERS, INC.
15. FULLER INDUSTRIES
16. MACDERMID AUTOTYPE, INC.
17. DOW CHEMICAL COMPANY
18. EASTMAN CHEMICAL COMPANY
19. HUNTSMAN CORP.
20. SPARTAN CHEMICAL COMPANY, INC.
21. 3M COMPANY
22. SOLVAY SA
23. NATIONAL CHEMICAL LABORATORIES INCORPORATED
24. KIMBERLY-CLARK CORPORATION
25. ALBEMARLE CORPORATION
26. BETCO CORPORATION
27. HENKEL AG & COMPANY KG
28. UPL LIMITED
29. VANTAGE SPECIALTY CHEMICALS INCORPORATED
30. ZEP INCORPORATE
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