China Industrial And Institutional Cleaning Chemicals Market Size & Outlook
China industrial and institutional cleaning chemicals market, 2018-2030 (US$M)
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China industrial and institutional cleaning chemicals market highlights
- The China industrial and institutional cleaning chemicals market generated a revenue of USD 11,987.3 million in 2023 and is expected to reach USD 21,712.2 million by 2030.
- The China market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, surfactants was the largest revenue generating raw material in 2023.
- Solvents is the most lucrative raw material segment registering the fastest growth during the forecast period.
Industrial and institutional cleaning chemicals market data book summary
| Market revenue in 2023 | USD 11,987.3 million |
| Market revenue in 2030 | USD 21,712.2 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Surfactants |
| Fastest growing segment | Solvents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chlor-Alkali, Surfactants, Solvents, Phosphate, Biocides |
| Key market players worldwide | Procter & Gamble Co, Basf SE, Clariant AG, The Clorox Company, Henkel AG & Co KGaA, 3M Co, Kimberly-Clark Corp, Reckitt Benckiser Group PLC, Croda International PLC, Albemarle Corp, Eastman Chemical Co, Huntsman Corp, Stepan Co, Westlake Corp, Solvay SA, Dow Inc, Sasol |
Other key industry trends
- In terms of revenue, China accounted for 16.0% of the global industrial and institutional cleaning chemicals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial and institutional cleaning chemicals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,582.1 million by 2030.
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Industrial And Institutional Cleaning Chemicals Market Scope
Industrial And Institutional Cleaning Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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China industrial and institutional cleaning chemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial and institutional cleaning chemicals market will help companies and investors design strategic landscapes.
Surfactants was the largest segment with a revenue share of 30.39% in 2023. Horizon Databook has segmented the China industrial and institutional cleaning chemicals market based on chlor-alkali, surfactants, solvents, phosphate, biocides covering the revenue growth of each sub-segment from 2018 to 2030.
China is the front-runner in terms of economic development and population as compared to the other countries in the region. Consequently, the country witnesses a major consumption of commodities such as soaps, detergents, and cleaners in commercial as well as manufacturing sector.
The manufacturing sector in the country has witnessed significant hike coupled with technological inventions. Macroeconomic factors such as large population, growing healthcare facilities and industrial manufacturing output, and raw material availability at cost-effective rates in the country have driven the market growth over the past few years.
China being the epicentre of COVID-19 outbreak has led to the development of huge pressure over the China government and consumers. Practices of disinfection such as spray trucks and disinfection tunnels (not considered healthy anymore) were also implemented at a large scale in the country.
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Target buyers of China industrial and institutional cleaning chemicals market databook
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Our clientele includes a mix of industrial and institutional cleaning chemicals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China industrial and institutional cleaning chemicals market , including forecasts for subscribers. This country databook contains high-level insights into China industrial and institutional cleaning chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial and institutional cleaning chemicals market size, by raw material, 2018-2030 (US$M)
China Industrial And Institutional Cleaning Chemicals Market Outlook Share, 2023 & 2030 (US$M)
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