Market revenue in 2023 | USD 25,175.1 million |
Market revenue in 2030 | USD 42,635.3 million |
Growth rate | 7.8% (CAGR from 2023 to 2030) |
Largest segment | Surfactants |
Fastest growing segment | Solvents |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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 28.35% in 2023. Horizon Databook has segmented the North America 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.
North America is among the major manufacturing hubs globally and the sector significantly contributes to GDP growth annually. U.S. leads the manufacturing sector in the region with multinationals such as Boeing , Microsoft, Valero Energy Corporation, Philipps 66, General Electric , Chevron Corporation, General Motors , and more.
Growing number of manufacturing facilities in the region facilitates variety of cleaning chemicals used in maintaining the workspace as well as warehouses. Further, according to Innovation Cities Index, North America comprises of 10 out of top 20 cities that are underlined as innovation centers worldwide and therefore the manufacturing sector is predominantly high in the region.
These factors are likely to pave way for higher demand for industrial cleaning solutions for maintaining workplace hygiene and ensuring proper functioning of the facilities.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America industrial and institutional cleaning chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial and institutional cleaning chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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