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Chris Shaw
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Industrial cleaning market to reach £45 billion by 2024
05 November 2019
The global market for industrial cleaning products is expected to reach GBP £45 billion by 2024 with a compounded annual growth rate—or CAGR—of 4.5%, according to a new market report.
The study by MarketsandMarkets places workplace hygiene initiatives as a key driver for industrial cleaning products due to increased regulations in developed regions.
An increased focus on improved worker hygiene is predicted to drive demand in the manufacturing, food processing, and automotive industries.
Cleaning also plays a very important role in the growth and performance of industries such as healthcare, hospitality, and retail.
Surfactants will become the largest ingredient type in the sector, while general cleaners are estimated to be the largest product type of the industrial cleaning market during the forecast period.
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