Technavio, a tech-focused market research firm, has published a new report on the global industrial cleaning market, which is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global industrial cleaning market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global industrial cleaning market are elaborated below:
Industrial cleaning market in North America: The market in North America is projected to experience substantial growth during the forecast period owing to the adoption of new technologies in the healthcare sector. The healthcare segment generates almost half of the demand in this region due to the presence of several facilities and usage of cleaning chemicals.
According to Abhay Sinha, a lead analyst at Technavio, “Fragrance is one of the key attributes in an industrial cleaning product. End-users in regions such as Latin America and North America rate fragrance as an important factor in identifying the industrial cleaners.”
Industrial cleaning market in Europe: The healthcare and food and beverage segments account for the highest share in the overall industrial cleaning market in Europe. Kitchen and catering, technical cleaning, building care, and laundry are some of the other revenue generating end-users of industrial cleaning market in this region.
Industrial cleaning market in APAC: APAC offers opportunity to the top vendors due to the increase in population and demand for new technologies and products in developing countries. The improved lifestyle and increase in the cost of living are anticipated to propel further growth of the market in the APAC region during the forecast period.
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The top vendors operating in the global industrial cleaning market are:
- Solvay
- BASF
- Evonik Industries
- Stepan
Other prominent vendors in the market include Air Products and Chemicals, Akzo Nobel, Clariant, Croda International, Dow, Huntsman, and Pilot Chemical.
A more detailed analysis is available in the Technavio report titled, ‘Global Industrial Cleaning Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Contract Cleaning Services Market 2017-2021
- Global Industrial Floor Scrubber Market 2017-2021
- Global Industrial Floor Cleaner Market 2017-2021
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