Market revenue in 2023 | USD 22,534.3 million |
Market revenue in 2030 | USD 38,356.9 million |
Growth rate | 7.9% (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 |
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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 28.28% in 2023. Horizon Databook has segmented the U.S. 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.
U.S. is the largest industrial market across North America region and is rapidly growing with light to infrastructural development for new commercial spaces, various public institutions, widespread healthcare facilities and more.
With advent of large commercial places, the demand for cleanliness products have surged since the past couple of decades across the country. In terms of manufacturing, the overall sector in U.S., on an average, accounts for 11.39% of the total output in economy serving with more than 250,000 manufacturing facilities across the country.
Chemical products manufacturing leads the market followed by computer & electronics product manufacturing, food & beverage processing, and moto vehicle parts manufacturing. Prioritizing on hygiene factor across these production units, the demand for industrial cleaning chemicals in the country is anticipated to reflect steady growth over the coming years.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. industrial and institutional cleaning chemicals market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industrial and institutional cleaning chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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