Growth is expected for the global industrial and institutional cleaning chemical market, due to various factors, such as increasing applications, technological advancements and growing demand in developing countries, such as China and India.

The cleaning chemicals market mainly focuses on the chemicals required for producing disinfectants and sanitizers. A new global study by Mordor Intelligence, Industrial and Institutional Cleaning Chemicals Market – Segmented by Type, Application and Geography – Trends and Forecasts (2015 – 2020), predicts that growth will reach US $51.4 billion by 2020, with an annual rate of 4.6 per cent from its current value at $41 billion.

Most development is occurring in healthcare due to increasing hospital stays and concerns about healthcare-associated infections (HAIs). However, the manufacturing sector is also expected to grow fast, particularly in developing economies, as rising incomes lead to increases in demand for processed food and beverage products. Hygiene awareness is also growing, and these countries are looking to improve their cleaning standards. The food industry segment is growing because quantities of food borne illness is rising and the industry has increased its standard in maintaining the hygiene levels of food.

Asia-Pacific is the fastest growing market for industrial and institutional cleaning chemical market during the period 2015-2020; whereas North America is the largest market in terms of revenue owing to the large base of healthcare, manufacturing industries.

Key market players include 3M Company and Procter & Gamble Company. The report offers a comprehensive list of players, along with the analysis of their current strategic interests and key financial information. Readers can also acquire analysis of the industrial and institutional cleaning chemical market, with region specific assessments and competition analysis on a global and regional scale, along with how a shift to chemicals free from volatile organic solvents will impact the market.