Growth opportunities identified in the industrial cleaning chemicals market

Industrial cleaners are specialised chemicals used in various cleaning applications across different manufacturing industries.

Growth in various manufacturing industries is expected to drive the growth of the industrial cleaners market during the forecast period.

The industrial cleaners market report from Future Market Insights (FMI) explains that the market is highly fragmented owing to the presence of a large number of global and domestic players, who are leveraging product differentiation to stay ahead in the game. 

Improved aesthetics and fragrance coupled with innovative production processes to increase product shelf life is pushing revenues in the market for industrial cleaners. The market is creating increasing growth opportunities for both existing players as well as new entrants.

According to the study, leading players in the industrial cleaners market are primarily focusing on increasing their manufacturing capacities as well as introducing sustainable and multipurpose industrial cleaners to stay competitive in the ever-growing market. Key players across the globe are thriving in the industrial cleaners market in light of their widespread distribution channels, sales networks, and wide product portfolios, and are able to maintain a steady year-on-year growth in revenue.

The study attributes growth in sales of industrial cleaners to demand from end-use industries. Adoption of industrial cleaners has increased significantly across industries such as food and beverages, manufacturing, oil and gas, petrochemicals, and other industries. 

Global warming has led to a growing demand from industries for sustainable cleaning solutions that are environment friendly, efficient, and safe for human health. Manufacturers of industrial cleaners are launching sustainable products that are safe and effective in a bid to stay competitive. These players are also launching multipurpose cleaners capable of serving different purposes such as degreasing, acidic cleaning, and other cleaning functions.

According to the study, degreasers will hold significant share in the industrial cleaners market, as these are the most common type of industrial cleaners used for cleaning equipment with moving parts, which tend to accumulate rust and grease. The oil and gas and petrochemicals end-use industries are expected to register high demand for industrial cleaners. The use of multiple chemicals and equipment in these industries is expected to fuel adoption of industrial cleaners.

The study forecasts that the industrial cleaners market will close in on revenues worth US$ 20 Bn in 2019.