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Global demand for cleaning chemicals on the upswing
22 December 2014
The global demand for industrial and institutional chemicals is forecasted to grow 4.3 per cent per year to more than US$50 billion ((£31.9bn) by 2018, according to a new study.
The study ''World Industrial & Institutional Cleaning Chemicals,' from industry market research firm The Freedonia Group, attributes the increase to growing demand for disinfectants and sanitisers in healthcare facilities worldwide. This stems from a rise in the number of hospital stays and concerns about healthcare associated infections (HAIs).
The report also forecasted that the rising global trade in packaged food and beverage products will promote overall gains through 2018 as manufacturers adopt more stringent production protocols to prevent foodborne-illness outbreaks and product recalls due to bacterial contamination.
Across the industry, changes in the product mix are expected as firms increasingly focus on sustainability and operational efficiency.
To obtain the full report, click here.