The Industrial And Institutional Cleaning Chemicals Global Market Report 2023 by The Business Research Company, provides industrial & institutional cleaning chemicals market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Industrial And Institutional Cleaning Chemicals Global Market Report 2023, the market size is expected to grow from $61.80 billion in 2022 to $65.78 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial & institutional cleaning chemicals market size is expected to grow to $84.21 billion in 2027 at a CAGR of 6.4%.The rise in health concerns about recent outbreaks of COVID-19 and increased use of sanitation are expected to boost the growth of the industrial and institutional and cleaning chemicals market going forward. The state of being physically and psychologically healthy and disease-free is known as being in good health and sanitation. It describes the conditions that support good public health, including access to clean drinking water, effective sewage treatment, and the disposal of human waste. During the COVID-19 pandemic, the overall use of most cleaning chemicals has significantly increased in healthcare institutions like hospitals, nursing homes, and assisted living facilities as a result of increasing cleaning frequency, increasing patient loads, and a focus on deep cleaning to safeguard fragile patients or residents.

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The industrial & institutional cleaning chemicals market is segmented:

1) By Product: General Purpose Cleaners, Disinfectants And Sanitizers, Laundry Care Products, Vehicle Wash Products, Other Products
2) By Ingredient Type: Surfactants, Solvents, Chelating Agents, pH Regulators, Solubilizer/Hydrotropes, Enzymes, Other Ingredient Types
3) By End-Use: Commercial, Industrial, Institutional, Other End-uses

Product innovations have emerged as the key trend gaining popularity in the industrial and institutional and cleaning chemicals market. Major companies operating in the industrial and institutional and cleaning chemicals market are developing innovative antibacterial products to strengthen their position in the market. For instance, in 2020, Procter & Gamble, a US-based manufacturer of soaps, cleansers, and other household products, launched Microban 24 Hour, a new line of antibacterial home sanitizing products that keep surfaces bacteria-free for 24 hours. Microban 24 creates a barrier that kills bacteria for a full 24 hours, even if the surface is handled or contaminated many times. Microban 24's proven technology is powered by a unique, multi-layer protective shield that forms wherever it is applied and left to dry naturally. When applied as indicated, this multi-layer shield activates small amounts of germ-fighting chemicals over time, offering continuous antibacterial protection for up to 24 hours.

The industrial & institutional cleaning chemicals market report table of contents includes:

Executive Summary
Market Characteristics
Market Trends And Strategies
Impact Of COVID-19
Market Size And Growth
Segmentation
Regional And Country Analysis
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Competitive Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
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