An Incisive, In-depth Analysis on the Industrial Cleaners Market
This study offers a comprehensive, 360 degree analysis on the Industrial Cleaners market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Industrial Cleaners market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Recovery of Oil & Gas Prices Coupled with Growth in End Use Industries to Propel Demand for Industrial Cleaners
Industrial Cleaners Market: Introduction
Industrial cleaners are specialized chemicals used in various cleaning applications across different manufacturing industries. They are used in cleaning all kinds of equipment and machinery used in manufacturing processes. On the basis of function, industrial cleaners can be classified as surfactants, acidic cleaners, optical effect products, industrial degreasers, disinfectants, defoamers, deodorizers and other refinery specific cleaners. Attributing to their various functions and applications, industrial cleaners are widely used across different industries such as oil & gas, petrochemical, food & beverage, chemical, sugar, textile and other manufacturing industries.
The global industrial cleaners market is estimated to grow at a CAGR of 5.2% between 2018 and 2028, reaching a market value of US$ 32.45 Bn by the end of the forecast period. Growth in various manufacturing industries is expected to drive the growth of the industrial cleaners market during the forecast period.
Industrial Cleaners Market Analysis by Product Type
In terms of product type, the degreasers segment is expected to remain prominent in the global industrial cleaners market, and account for approximately a 35.9% share by 2018 end. The segment is projected to grow at a CAGR of 5.9% between 2018 and 2028. The demand for degreasers is expected to increase and remain prevalent as compared to that for other industrial cleaners, due to the diverse applications of degreasers in numerous end-use industries. Degreasers are commonly used in machinery and equipment with moving parts to remove grease and clean the surface from other impurities.
Industrial Cleaners Market Analysis by End-Use Industry
On the basis of end-use industry, other manufacturing and oil & gas industries are expected to be the prominent segments in the industrial cleaners market, due to the presence of a large number of manufacturing industries. Recovery of oil & gas prices has been contributing towards the growth of the oil & gas industry, which is driving the demand for industrial cleaners in this segment. The other manufacturing segment covers various other consumer goods, automobile and other manufacturing industries, which are witnessing exponential growth, due to the increase in urban population and industrialization across growing economies.
Industrial Cleaners Market Analysis by Region
From a regional standpoint, China is pegged to be a prominent region in the industrial cleaners market, in terms of market growth. The ever-growing Chinese economy, coupled with the growing number of manufacturing industries in the region, is expected to contribute towards the increasing demand for industrial cleaners. South East Asia & Pacific and India are also expected to drive the industrial cleaners market over the forecast period. In terms of market share, North America is expected to be a prominent industrial cleaners market, due to the presence of a large number of industries in the region.
Growing Health and Workplace Hygiene Concerns to Drive Demand for Industrial Cleaners across Industries
Rising awareness regarding cleanliness and increasing need for disinfection are expected to surge the demand for disinfectants and other industrial cleaners across various manufacturing industries, especially chemical, food and textile. The rapidly growing geriatric population has resulted in a rise in the incidences of chronic diseases and health issues. The increasing number of infectious and communicable diseases has set forward a need for disinfection and other industrial cleaners in industries. Moreover, government initiatives focusing on the need for disinfection and cleanliness are further expected to boost the growth of the industrial cleaners market.
Growth of End-Use Industries to Promote Growth of Industrial Cleaners Market
Oil & gas, chemical, petrochemical, food & beverage, automobile and various manufacturing industries have been witnessing significant growth, due to the rise in urban population and extensive industrialization efforts in growing economies. Attributing to the growth of these industries, the usage of industrial cleaners is also expected to register a robust growth rate in the coming years. Degreasers, surface disinfectants and surfactants are some of the cleaning chemicals expected to witness significant growth rates during the forecast period.
Industrial Cleaners Market Structure
The global Industrial cleaners market is highly fragmented due to the presence of a large number of global and domestic players across various regions. The tier-I players account for approximately 25-27% of the global industrial cleaners market, while other global and domestic players account for the remaining 73-75% of the market share. Some of the global players in the industrial cleaners market are BASF SE, Croda International plc, Huntsman Corporation, Solvay S.A., The Dow Chemical Company, Evonik Industries AG, Mitsubishi Chemical Holdings Corporation, Akzo Nobel N.V., Clariant, Ecolab, 3M Company, Stepan Company, Quaker Chemical Corporation, Kao Chemicals GmbH, Neos Company Limited and WVT Industries.
Key Questions Answered in the Industrial Cleaners Market Report
How is the industrial cleaners market expected to evolve over the projected period?
What direction is the industrial cleaners market expected to take in terms of volume and value during the study period?
What are the predominant market dynamics in the industrial cleaners market?
What are the key developments and trends followed by various manufacturers in the industrial cleaners market?
What are some of the essential macro-economic factors impacting the growth of the industrial cleaners market?
What are the key opportunities and improvement areas for industrial cleaners market players?
Future Market Insights (FMI) offers a ten-year analysis and forecast for the global industrial cleaners market between 2018 and 2028, in its new report titled, 'Industrial Cleaners Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018–2028'. This study analyses the global industrial cleaners market dynamics and trends across eight regions – North America, Latin America, Europe, South East Asia Pacific, Middle East and Africa, China, Japan and India, and offers an in-depth analysis of the key drivers and trends responsible for the growth of the global industrial cleaners market over the forecast period. The market has been segmented on the basis of product type and end use industry, where industrial cleaners are most prominently used. The industrial cleaners market study covers various perspectives of the market, including value chain, forecast factors, and competition landscape, as well as regional and segmental pricing analysis. The study also analyses the effect of various macro-economic factors related to the growth of the industrial cleaners market. As per the findings of the market study and perspectives of industry participants, the global industrial cleaners market is projected to grow at a CAGR of 5.2% between 2018 and 2028, in terms of value. Growing consumer needs, stabilizing crude oil prices, chemicals industry growth, and increasing manufacturing industries are some of the key drivers expected to contribute towards the growth of industrial cleaners market over the forecast period.
This FMI report on the global industrial cleaners market carefully analyses the market on a regional and global level through two market segments - product type and end use industry. The key objective of the report is to highlight an overview of the industrial cleaners market by country, across regions, and to offer key insights on current market trends, competition landscape, demand, growth opportunities, and other relevant information in a suitable manner to the buyers or various stakeholders in the global industrial cleaners market.
Industrial cleaners are an essential part of any manufacturing industry. Chemicals, oil & gas, petrochemicals, sugar, textiles, food & beverages, automobiles, paper, and various other industries have an extensive demand for industrial cleaners. These industries use various manufacturing equipment and processes that require proper cleaning and sanitation to keep the manufacturing process and equipment up and running efficiently, and to reduce maintenance downtime. Some industrial cleaners are also used during manufacturing processes, like de-foaming agents, deodorizers, and optical effect products, as they serve the purpose of cleaning the product and add value-added elements to the finished product. Some industrial cleaners such as surfactants, disinfectants, degreasers, acidic cleaners, and decontaminants are exclusively used after the manufacturing process to keep the equipment and surroundings clean. Industrial cleaners thus help in manufacturing processes, as well as to safeguard the environment and human health.
The industrial cleaners market report starts with market definitions, followed by market taxonomy - product type and end use industry product mapping, market dynamics (drivers, restraints, opportunity analysis, and trends), and market background and analysis by key segments, along with regional analysis and competition assessment. In the subsequent section, the industrial cleaners market report describes macro-economic factors, other forecast factors, value chain, and regional weighted average pricing analysis. This section also includes the impact assessment of market dynamics on the global industrial cleaners market at a qualitative level, based on analysis insights and facts.
Each section of the study covers a quantitative as well as qualitative assessment of the industrial cleaners market on the basis of historical developments, facts, and key opinions collected from industry participants through interviews.
Industrial Cleaners Market: Segmentation
End Use Industry
In the following sections of the industrial cleaners market report, market volume (Tons) and value (US$ Mn) projections on the basis of the respective segments, followed by a summarised view of the eight prominent regions on a global level, have been covered. The industrial cleaners market information covers unique analysis frameworks, along with key insights and facts such as year-on-year growth trends, market attractiveness, absolute $ opportunity analysis, and share analysis for each segment mentioned above.
In order to provide an accurate analysis and forecast, we started the analysis of the market by calculating the current market size, which provides us a base for the industrial cleaners market, and provides key insights into how the global industrial cleaners market is expected to grow over the projected period. To get a better understanding of the industrial cleaners market, we followed three different types of analysis to triangulate the outcomes: primary, secondary, and FMI analysis.
The industrial cleaners market analysis is also presented in terms of Basis Point Share (BPS) to evaluate individual segment’s relative change in market share and respective contribution to the industrial cleaners market growth. Another key detail of the industrial cleaners market report, which is often overlooked while forecasting a market, is the analysis and revenue forecast of industrial cleaners market in terms of absolute $ opportunity by each and individual segment.
In the final section of the study, a competitive analysis of the industrial cleaners market players has been included to provide a dashboard view of market players, categorised on the basis of manufacturers present in the value chain, their share in the global industrial cleaners market, and key differentiating strategies. Detailed profiles of manufacturers have also been included under the scope of the industrial cleaners market report to evaluate their long- and short-term strategies, recent developments, and product innovations. Examples of some of the key competitors in the industrial cleaners market are BASF SE, Huntsman Corporation, The Dow Chemical Company, Evonik Industries AG, Mitsubishi Chemical Holdings Corporation, Akzo Nobel N.V., 3M Company, Quaker Chemical Corporation, Kao Chemicals GmbH, and Neos Company Limited, among others.
Industrial Cleaners Market Reports - Table of Contents
19. Assumptions and Acronyms