Industrial and Institutional Hand Hygiene Chemicals Market Snapshot (2022-2032)
The market for Industrial and Institutional Hand Hygiene Chemicals is estimated to account for US$ 1,462.8 Mn in 2022. The need for hand hygiene chemicals has significantly increased over the past several years, and they are currently found in many end-use industries, such as the workplace, healthcare, industrial sectors, etc.
According to FMI, the market for industrial and institutional hand hygiene chemicals is projected to rise at a CAGR of 5.1% from 2022 to 2032, reaching US$ 2,546.4 Mn in 2032.
Attributes
Details
Market Size (2021)
US$ 1,394.4 Million
Market Size 2022
US$ 1,462.8 Million
Market Size 2032
US$ 2,546.4 Million
Value CAGR (2022 to 2032)
5.1%
The chemical agents used in hand hygiene are the first line of defense against the hazards of infection and cross-contamination. The largest vertical for hand hygiene chemical products is the pharmaceutical and healthcare sector, which includes both acute and non-acute care, followed by the food and beverage manufacturing and restaurant sectors.
On the other hand, the increased usage of hand hygiene chemicals in end-use industries such as manufacturing and commercial offices, healthcare, retail and food service, automotive and aerospace, hotels, the food processing and dairy industries, among others, is what is fuelling the market's expansion. For many industries to expand and become profitable, cleaning is crucial. Therefore, demand will increase in the forecast period.
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Historic Market Outlook for Industrial and Institutional Hand Hygiene Chemicals
The demand for industrial and institutional hand hygiene chemicals from 2017 to 2021 showed a historical growth rate of less than 4.9% CAGR. This rise in demand is brought on by the retail sector's overall expansion, the growth of the food, beverage, automotive, pharmaceutical, and other end-use industries.
On the other hand, the worldwide pandemic has an impact on all facets of society. The worldwide supply chain disruptions had some impact on the market for industrial cleaning chemicals. However, when infection curves begin to flatten starting in 2022, subsequently, FMI's prediction of the demand for industrial and institutional hand hygiene chemicals predicts a CAGR of 5.1% by 2032.
What are the Various Factors Driving the Industrial and Institutional Hand Hygiene Chemicals Market?
The primary driver of the growth of the global industrial and institutional hand hygiene chemical market is the increased awareness of hand hygiene principles among the general public and institutions.
The prevalence of healthcare-associated infections (HAI) is increasing, which is fueling market expansion, as medical equipment is highly susceptible to deadly infections if not properly sterilised. As consumers become more aware of health and hygiene issues, it is expected that the market for industrial and institutional hand hygiene chemicals will expand more swiftly.
In addition, the global proliferation of viral illnesses is predicted to drive the market growth for industrial and institutional cleaning chemicals over the forecast period by raising public awareness of diseases caused by various viruses and bacteria.
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Which Factors May Hinder the Industrial and Institutional Hand Hygiene Chemicals Market Growth?
Strict government regulations that prohibit the use of hazardous chemicals as well as an increase in demand for organic products made from natural materials are putting pressure on the market for industrial and institutional hand hygiene chemicals.
Due to the tight compliance standards set by the government and health authorities, demand for hand hygiene chemicals is expected to stay high over the projected period. A significant obstacle to the development of this industry is the increased use of gloves in workplace environments, including hospitals and industries.
Additionally, an increase in R&D activities by market participants with the purpose of developing novel and diverse product portfolios would likely lead to an expansion of the market for industrial and institutional hand hygiene chemicals.
What is Regional Analysis of Industrial and Institutional Hand Hygiene Chemicals Market Share?
The industrial and institutional hand hygiene chemicals market divided on the basis of regions such as, North America, Latin America, Europe, East Asia, South Asia-Pacific region, and the Middle East, and Africa.
It is expected that the North America would hold the highest share of the global market due to consumers in this region having a higher awareness of personal hygiene and the nation's growing population of blue collar employees.
The market share in the European region is extremely large as a result of the expansion of industries and hospitals. The Asian market is expected to grow much more swiftly than other regions due to the rapidly expanding awareness of health and safety.
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Market Competition
Key players operating in the Industrial and Institutional Hand Hygiene Chemicals market include Kutol Products Company, Inc., Reinol-Janek Chemicals (Pty) Ltd., Woodbine Products Company, State Chemical Solutions, Chemiphase Ltd., Sure Chemicals Ltd., Reckitt Benckiser Group plc, Azett-Seifenfabrik GmbH & Co., Stanrose Envirotech India Pvt. Ltd., Altret Industries Pvt. Ltd., Deb Group, Steris plc, EcoHydra Technologies Ltd.
The market is highly consolidated, the majority of companies investing a large amount of money in detailed research and development, mostly to create new and improved products. The primary strategies adopted by the key players are product expansion, mergers and acquisitions.
In Jun 2022, Reckitt Benckiser Group plc opened The new Reckitt Hygiene Forum at the London School of Hygiene & Tropical Medicine has opened (LSHTM). It represents the most recent progress in the research, teaching, and worldwide collaboration needed to enhance global health.
In Jan 2022, Reckitt has collaborated with Diversey. This collaboration is an agreement between the two companies that Diversey will be the distribution partner for the Middle East, Asia Pacific, Russia and Turkey.
Scope of the Report
Attribute
Details
Growth Rate
CAGR of 5.1 % from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2017 to 2021
Forecast Period
2022 to 2032
Quantitative Units
Revenue in USD Million, Volume in Tons and CAGR from 2022 to 2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
State of the Product
Product Type
Function
End-use Verticals
Regions Covered
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa
Key Countries Covered
USA
Canada
Mexico
Brazil
Germany
UK
France
Italy
Spain
Russia
China
Japan
India
GCC Countries
Australia
Key Companies Profiled
Kutol Products Company, Inc.
Reinol-Janek Chemicals (Pty) Ltd.
Woodbine Products Company
State Chemical Solutions
Chemiphase Ltd.
Sure Chemicals Ltd.
Reckitt Benckiser Group plc
Azett-Seifenfabrik GmbH & Co.
Stanrose Envirotech India Pvt. Ltd.
Altret Industries Pvt. Ltd.
Deb Group
Steris plc
EcoHydra Technologies Ltd.
Customization & Pricing
Available upon Request
Key Segments Profiled in the Industrial and Institutional Hand Hygiene Chemicals Market
By state of the Product, Industrial and Institutional Hand Hygiene Chemicals Market is segmented as:
Solid State
Liquid State
Paper-based (Liquid imbibed in solid)
Gel-based
By Product Type, Industrial and Institutional Hand Hygiene Chemicals Market is segmented as:
Regular Soaps
Antibacterial Soaps
Industrial Heavy-duty Soaps
Sanitizers
Alcohol-based
Non-alcohol-based
Protectors (Barrier Creams, etc.)
Restorers (Moisturizers, etc.)
Others
By Purpose of Products, Industrial and Institutional Hand Hygiene Chemicals Market is segmented as:
Antiseptic
Antimicrobial
By End-use Verticals, Industrial and Institutional Hand Hygiene Chemicals Market is segmented as:
Food & Beverage
Pharmaceutical & Healthcare
Retail
Manufacturing Units and Industrial Services
Educational Institutions
Office Work Spaces
Others (Agriculture, Forestry, etc.)
By Region, Industrial and Institutional Hand Hygiene Chemicals Market is segmented as:
North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa
Frequently Asked Questions
What was the value of the Industrial and Institutional Hand Hygiene Chemicals market in 2021?
In 2021, the value of the Industrial and Institutional Hand Hygiene Chemicals market reached over US$ 1,394.4 Mn.
At what rate is the Industrial and Institutional Hand Hygiene Chemicals market projected to expand during the forecast period?
During the forecast period, the Industrial and Institutional Hand Hygiene Chemicals market is estimated to expand at a CAGR of 5.1% during 2022-2032.
By 2032, what will the value of the Industrial and Institutional Hand Hygiene Chemicals market?
The Industrial and Institutional Hand Hygiene Chemicals market is projected to reach US$ 2,546.4 Mn by the end of 2032.
Which region/country is set to lead the Industrial and Institutional Hand Hygiene Chemicals market?
North America is projected to lead the Industrial and Institutional Hand Hygiene Chemicals market in the forecast period.
Which are the top players in the Industrial and Institutional Hand Hygiene Chemicals market?
The key players operating in the Industrial and Institutional Hand Hygiene Chemicals market are Kutol Products Company, Inc., Reinol-Janek Chemicals (Pty) Ltd., Woodbine Products Company, and State Chemical Solutions, Chemiphase Ltd.
