Industry Report Analyzes Cleaning Products, Pandemic Impact
Distributors and frontline staffs looking to gain insight into which cleaning trends and products are expected to grow in the coming years can gain a leg up by studying industry reports.
Per PR Newswire, the "Global Industrial Cleaning Market (2021-2026) by Product Type, Application, Ingredient Type & Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial Cleaning Market is estimated to be $42.14 billion in 2021 and is expected to reach $55.47 billion by 2026, growing at a compound annual growth rate (CAGR) of 5.65 percent.
The factors responsible for fueling the growth of the Global Industrial Cleaning Market are growing industrialization, expansion of manufacturing, healthcare, and other industries, and increasing awareness about hygiene and cleanliness at the workplace. Increasing government regulations related to industrial hygiene and sanitation is also the factor driving the market growth. In addition, rising awareness among consumers about infectious diseases caused by viruses and bacteria coupled with environmental cleaning to avoid infection leads to the demand for cleaning solutions and chemicals, further accelerating market growth.
However, the strictness of government and environmental regulations for industrial cleaning and controlled use due to the high concentration of active chemicals are the factors that may create hindrances in the growth of the market.
The Global Industrial Cleaning Market is segmented by Product Type, Application, Ingredient Type & Geography.
Some of the companies covered in this report are The Dow Chemical Company, Diversey Inc., BASF SE, Evonik Industries AG, Stepan Company, Spartan Chemical Company, Inc., Croda International Plc., Enaspol A.S., Huntsman International LLC, Unger Fabrikker A.S., Bebbington Industries, Air Products and Chemicals Inc., Emulso Corporation, etc.
The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The complete report can be accessed here.