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Industrial & Institutional Cleaning Chemicals Market size was valued at USD 66.69 billion in 2021 and is poised to grow from USD 71.56 billion in 2022 to USD 125.45 billion by 2030, at a CAGR of 7.41% during the forecast period (2023-2030).

In the institutional and industrial cleaning chemical market, multiple leading companies are contending for a share of the market by offering a range of cleaning products, equipment, and services. The rising demand for environmentally-friendly and sustainable cleaning solutions is a significant driver of competition in this market. As a result, many companies are investing in research and development to develop innovative and effective products that meet this demand. Furthermore, the need for cost-effective cleaning solutions is another driving force behind competition in this market. To meet this need, companies are developing new cleaning technologies and products that deliver high-quality results at a reasonable cost. Additionally, competition in this market is influenced by customer service, distribution channels, and brand recognition. Companies that offer exceptional customer service, efficient distribution networks, and strong brand recognition are more likely to thrive in this fiercely competitive market. 'BASF SE', 'The Clorox Company', 'Ecolab Inc.', '3M Company', 'Dow Chemical Company', 'Huntsman Corporation', 'Johnson Controls Inc.', 'Air Products and Chemicals Inc.', 'Henkel AG & Co. KGaA', 'Procter & Gamble Co.', 'Akzo Nobel N.V.', 'Solvay S.A.', 'Evonik Industries AG', 'S.C. Johnson & Son Inc.', 'Stepan Company', 'Croda International Plc', 'Unilever Group.'

The demand for cleaning chemicals that comply with stringent government regulations and guidelines on cleanliness and hygiene in both public and private spaces is on the rise. This is driving the growth of the institutional and industrial cleaning chemicals market as manufacturers are developing and supplying products that meet these standards to cater to the growing demand.

One of the current trends in the industrial and institutional cleaning chemical market is the emergence of multifunctional cleaning products. These products have the ability to perform multiple cleaning tasks with a single product, which simplifies cleaning processes and reduces the number of products needed. This trend is being driven by a desire to enhance efficiency and reduce the complexity associated with cleaning processes.

The industrial and institutional cleaning chemical market is dominated by North America, which holds the largest market share due to the high demand for cleaning products in developed economies in the region. The United States is the largest market for industrial and institutional cleaning chemicals in North America, with growth driven by a robust manufacturing sector and stringent regulatory policies on workplace cleanliness and hygiene.

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Global Industrial & Institutional Cleaning Chemicals Market

Product ID: SQMIG15E2420