Cleanzine: your weekly cleaning and hygiene industry newsletter 18th April 2024 Issue no. 1110
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World industrial & institutional cleaning chemicals market to grow at 4.7% pa to 2016
ReportsnReports has just added the 'World Industrial & Institutional (I & I) Cleaning Chemicals to 2016' market research report to its store. The report says that developing markets will spur world growth by 4.7% annually through to 2016.
In summary, the report says that worldwide demand for I & I cleaning chemicals will grow 4.7% annually, to exceed $44 billion in 2016. Overall, the fastest growing applications will be in healthcare, and food and beverage processing. Developing markets in Asia, Africa and Eastern Europe will lead the advances.
This is particularly true in China, where the market ceiling continues to grow upward due to an unparalleled combination of modernisation and economic expansion.
A few other countries, such as India, are likely to register comparable rates of growth. But India remains a much smaller and less fully developed market for I & I cleaning chemicals.
The outlook will also improve in developed markets. In the US market - still by far the world's largest, gains will be strongest in healthcare, in light of the aging US population, which will lead to more frequent doctor visits and more hospital traffic
In the healthcare market, unlike other environments with less rigorous disinfection requirements, the long-term concerns about overuse of disinfectants creating super-resistant strains of bacteria usually take a back seat to the more immediate and pressing concerns of patient care, infection control, and the prevention of hospital-acquired infections.
Disinfectants are expected to lead the global I & I cleaning chemicals market growth.
Around the world, sales of disinfectants and sanitisers will experience healthy advances as food industry participants at all levels seek to satisfy the stringent safety requirements of consumers, regulators and national and global food retailers and foodservice companies.
Worldwide increases in infection control efforts will boost demand in healthcare settings - a trend that will be beneficial not only for specialised disinfectants, but for more general janitorial/sanitation products as well.
Environmental and regulatory considerations are spurring technological development and changes in the cleaning chemical product mix. Moreover, manufacturers are seeking ways to make their products more sustainable. Consequently, products that present the greatest concern in terms of environmental and workplace safety will face greater competition from plant-derived compounds and other more environmentally benign ingredients.
This is true in developing markets as well, although many of the innovations will come in the form of packaging reductions and reduced energy consumption in production, rather than dramatic changes in product formulation.
General purpose cleaners and floorcare products will remain the largest product categories, combining to account for almost 45% of overall demand. However, growth in demand for these products will be somewhat slower than average.
General purpose cleaners will be replaced by more specialised products, particularly in developing markets.
Growth for floorcare products will be restrained by market maturity in many of the larger markets, and a trend favouring somewhat simplified floorcare routines, in part to reduce labour costs. Nevertheless, favourable growth prospects exist for multifunctional general purpose cleaning products with greater convenience and user safety - such as those products that contain antibacterial additives or are suitable for use in a variety of applications.
This report profiles more than 30 global competitors in the I & I cleaning chemicals market.
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18th October 2012