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GIA announces the release of a comprehensive global report on Industrial and Institutional Cleaning Products markets. Global Industrial and Institutional Cleaning Products market is projected to reach US$57.8 billion by 2020, driven by robust industrialization in developing countries and reviving manufacturing sector in the developed economies.
San Jose, California (PRWEB) July 03, 2014
Follow us on LinkedIn. Industrial and institutional cleaning products comprise cleaning agents used in light or heavy-duty cleaning applications in production facilities. The market comprises general-purpose cleaners, restroom/ floor cleaning agents, sanitizers, disinfectants, and specialized cleaners used in technical cleaning purposes such as electronic and semiconductor devices. These cleaning agents are available in solid, semi-solid or liquid form and are acidic, basic or neutral in nature. Degree of cleanliness required, prevailing government legislations and sensitivity towards price play vital roles in determining the type of cleaners used by end-use sectors.
Multi-functional cleaning products that are offered in concentrated forms and used for more than one cleaning application along with products that focus on safety and convenience are expected to drive future growth in the market. Rising prominence of sustainable products that are environment friendly and manufactured from plant-derived chemicals is also poised to benefit market growth in the near term. Healthcare facilities represent the fastest growing application area, driven by expanding medical tourism in developing countries and the need to provide improved healthcare to the aging population worldwide. Sanitation & Janitorial Cleaners represents the largest market segment supported by surging demand for disinfectants and sanitizers. In the janitorial market, alkaline cleaners, solvent-based cleaners and acid cleaners among others, collectively called as general-purpose cleaners, represent popular product categories.
Technical cleaners are expected to witness steady growth driven by expanding electronic and electrical equipment manufacturing activity in Asian countries. The emerging and underpenetrated markets in Asia-Pacific and Latin America represent important growth markets. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 8.0% over the analysis period. China and India represent the two major Asian countries with the highest potential driven by burgeoning manufacturing sectors and rapid development of institutional and commercial infrastructure. Increasing workforce, changing attitude with regard to employee hygiene, safety and protection, and strict regulations are also forecast to drive growth in these markets.
As stated by the new market research report on Industrial and Institutional Cleaning Products, Europe and the United States represent leading markets worldwide. Stringent regulations, strong demand from the healthcare industry against the backdrop of growing emphasis on infection prevention and increased hospitalization of the elderly represent key factors driving growth.
Key players covered in the report include 3M Company, Arrow-Magnolia International Inc., Avmor, Church & Dwight Co. Inc., The Clorox Company, Diversey Inc., DuBois Chemicals, Ecolab Inc., Ecolab G.K., Guardian Chemicals Inc., Henkel AG & Co. KGaA, Kao Corporation, Kimberly-Clark Corporation, Lion Corporation, Procter & Gamble, Reckitt Benckiser Inc., Spartan Chemical Co. Inc., W.M. Barr & Company Inc., and Zep Inc., among others.
The research report titled Industrial and Institutional Cleaning Products: A Global Strategic Business Report announced by Global Industry Analysts Inc. provides a comprehensive review of current market trends, key growth drivers, mergers, acquisitions, and other strategic industry activities of major companies. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product types analyzed in the report include Sanitation & Janitorial Cleaners, Industrial & Technical Cleaners, Kitchen & Catering Cleaning Agents, Food & Dairy Processing Cleaners, Laundry Agents, and Other Cleaners.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Industrial_And_Institutional_Cleaning_Products_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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