Commercial market booms and drives global demand for eye cleaning chemicals
CLEVELAND, July 20, 2022 /PRNewswire/ — A new Freedonia Group analysis suggests that the commercial market will account for the largest absolute gain of any industrial and institutional (I&I) cleaning chemical market, as food service. A rebound in applications comes as revenue in 2020 continues to grow after restaurants and other food service establishments experienced significant declines related to the pandemic. Other than this:
- The return of international tourism, which hit hard in 2020 and continues to hit in 2021, will also boost chemical demand for cleaning hotels.
- Transportation, distribution and warehousing applications will also see significant growth, as increased demand for vehicle care and floor care products, coupled with increased e-commerce activity, in the manufacturing of a variety of goods.
Major market trends through 2026
The commercial market will continue to be the leading segment of the global I&I cleaning chemicals market until 2026, supported by:
- Global non-residential building construction picks up after weak, pandemic-related growth over prior period
- Growing food safety concerns after well-publicized cases of foodborne illness
- Growing concern among the public about environmental exposure to irritating or hazardous chemicals, encouraging the use of safer cleaning chemicals that are either of higher value or that are used in higher amounts
The Institutional and Government segment is expected to post healthy gains driven by:
- aging population in developed areas
- A healthy rate of growth in health care spending in developing economies
Demand in manufacturing applications will record similar growth, supported by increased manufacturing output and increasing demand from end users and the general public for more sustainable products with a smaller environmental footprint.
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Provides historical data for Global Industrial and Institutional (I&I) Cleaning Chemicals 2009, 2014 and 2021 and current US dollars (which do not adjust for inflation) for global I&I cleaning chemicals demand by product, market and major are) in 2026. World regions and countries. Corporate trends among market leaders, including market share, are also analyzed.
the product:
- general purpose cleaner
- floor care products
- warewashing products
- Disinfectants and sanitizers
- laundry care products
- vehicle care products
- Other products such as furniture polish, oven cleaner, drain cleaner, deodorizer, urinal cake and bathroom cleaner
Market:
- commercial
- food service
- retail cleaning
- Transportation, distribution and storage facilities
- Hotels & Accommodations
- Other commercial markets, including commercial laundry and dry cleaning facilities, commercial car washes, gymnasiums, sports venues, theatres, amusement parks and museums.
- Production
- Food and Beverage Processing
- fabricated metal fabrication
- Other manufacturing markets, which include manufacturers of chemical and allied products, computer equipment, electrical equipment, electronic components, machinery, petroleum and coal products, pulp and paper, rubber and transportation equipment.
- institutional and government
- health care
- Educational facilities, childcare establishments, religious facilities, municipal buildings, fire and police stations, correctional facilities, military bases, parks and other public works, and other institutional and government markets, including community centers and union halls.
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Source Freedonia Group
