Industrial and Institutional Cleaning Chemicals Market 2031
The Industrial and Institutional Cleaning Chemicals Market is expected to register a CAGR of 8% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The industrial and institutional cleaning chemicals market report is segmented by raw material [surfactants (anionic, cationic, non-ionic, amphoteric), chlor-alkali, solvents, acids, biocides, and others]. The market is segmented based on the product type (general purpose cleaners, sanitizers and disinfectants, laundry care products, and vehicle wash products). The market is segmented based on the end use [industrial (food and beverage processing, metal working, electronics, automotive, others) and institutional (hospitals, hotels, educational facilities, commercial office spaces, food service, others)]. The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Industrial and Institutional Cleaning Chemicals Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Industrial and Institutional Cleaning Chemicals Market Segmentation
Raw Material [Surfactants, Chlor-alkali, Solvents, Acids, Biocides]- General Purpose Cleaners
- Sanitizers and Disinfectants
- Laundry Care Products
- Vehicle Wash Products
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Industrial and Institutional Cleaning Chemicals Market Growth Drivers- Health and Safety Awareness: Growing health safety awareness across sectors is an important factor influencing the industrial and institutional cleaning chemicals market. Such regulations issued by governments and other organizations highlight the need for adhering to cleanliness in workplaces, learning institutions and public places, leading to a strong urge for effective cleaning products.
- COVID-19 Pandemic Boosting Cleaning Chemical Consumption, Especially in High-Risk Areas: The outbreak of the COVID-19 pandemic downplayed all other aspects of living but increased dirt free environment, thus a rise in the consumption of cleaning chemicals. As a response to the current situation, organizations are reinforcing sanitation policies requiring a wide array of cleaning solutions that help manage the risk in areas such as hospitals, food industries and other public areas.
- Growing Demand for Sustainable, Eco-Friendly Cleaning Chemicals: Growing awareness among consumers coupled with the demand for greener goods is what is pushing the market towards sustainable cleaning chemicals. This is a result of manufacturers making cleaning products that are biodegradable and non-toxic, which supports global sustainability and socially responsible corporate strategies.
- Innovative Cleaning Formulations Aimed at Enhancing Effectiveness and User Safety: The new generation of cleaning chemicals will involve innovative strategies aimed at improving formulations to increase their effectiveness and, at the same time, ensure the safety of users and the surroundings. Innovations focus on multi-purpose products - those that perform cleaning, disinfecting, and deodorizing functions within a single step, and on more permeable formulations in order to minimize the number of products used and disposed of.
- Technological Advancements in Smart Cleaning Systems: There is the expectation of an increase in the application of technology towards the cleaning process. There has been an increase in the use of smart cleaning systems that consist of IoT devices for the monitoring of cleaning levels and controlling of chemical applications. This is in terms of allowing efficient resource management and cleaning protocol management, as well as general cleanliness control.
- Growth in Specialized Cleaning Products: There are going to be by industries developments, and therefore, more and more attention will be paid to the development of special cleaning products for individual sectors e.g., healthcare, food service, hospitality, etc. There will be a lot of such markets when the cleaning products will have to be designed fitted to the specific demands of such cleaning applications, which will create a need for these focused cleaning products availability.
- Strong Growth Potential in Underdeveloped Markets: The industrial and institutional cleaning chemicals market has firm growth prospects in underdeveloped markets, where rapid urbanization and industrialization create a demand for better cleaning solutions. Such companies are in a better position to take advantage of the existing market growth.
- Rising Demand for Green Cleaning Chemicals: Given the rising inclination towards green products, it is ideal for businesses to consider widening their range of products with ‘green’ cleaning chemicals. Businesses can participate in lucrative markets of spenders and manufacturers who put a premium on environmental safety by developing sustainable products through research and avenues.
- Strategic Alliances with Sustainable and Health-Oriented Organizations: The development of new products and the expansion of their markets may be enhanced by forming such alliances with sustainable and health-oriented organizations. Working with distributors, technology experts, and research centers may foster new ideas and enhance supply chain efficiency, thereby positioning companies in a favorable competitive stance.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Industrial and Institutional Cleaning Chemicals Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Industrial and Institutional Cleaning Chemicals Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Industrial and Institutional Cleaning Chemicals Market is estimated to witness a CAGR of 8% from 2023 to 2031
The increased health and safety regulations are driving the market growth.
Croda International PLC, Eastman Chemical Company, Stepan Company, Evonik Corporation, 3M, Dow, Clariant, Henkel, Solvay, and ReAgent Chemicals Ltd are the key players operating in the industrial and institutional cleaning chemicals market.
Based on product type, the sanitizers and disinfectants segment is expected to witness the fastest growth during the forecast period.
Based on geography, Asia Pacific held the largest share of the industrial and institutional cleaning chemicals market due to its growing industrial and institutional sectors.
Innovations in formulations is expected to be the key market trends.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Industrial And Institutional Cleaning Chemicals Market - By Raw Material
1.3.2Industrial And Institutional Cleaning Chemicals Market - By Product Type
1.3.3Industrial And Institutional Cleaning Chemicals Market - By Application
1.3.4Industrial And Institutional Cleaning Chemicals Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS - GLOBAL MARKET OVERVIEW
6.2.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1.OVERVIEW
7.2.RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.CHLOR-ALKALI
7.3.1.Overview
7.3.2.Chlor-alkali Market Forecast and Analysis
7.4.SURFACTANTS
7.4.1.Overview
7.4.2.Surfactants Market Forecast and Analysis
7.5.SOLVENTS
7.5.1.Overview
7.5.2.Solvents Market Forecast and Analysis
7.6.PHOSPHATES
7.6.1.Overview
7.6.2.Phosphates Market Forecast and Analysis
7.7.BIOCIDES
7.7.1.Overview
7.7.2.Biocides Market Forecast and Analysis
7.8.OTHERS
7.8.1.Overview
7.8.2.Others Market Forecast and Analysis
8.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1.OVERVIEW
8.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3.GENERAL PURPOSE CLEANERS
8.3.1.Overview
8.3.2.General Purpose Cleaners Market Forecast and Analysis
8.4.DISINFECTANTS AND SANITIZERS
8.4.1.Overview
8.4.2.Disinfectants and Sanitizers Market Forecast and Analysis
8.5.LAUNDRY CARE PRODUCTS
8.5.1.Overview
8.5.2.Laundry Care Products Market Forecast and Analysis
8.6.VEHICLE WASH PRODUCTS
8.6.1.Overview
8.6.2.Vehicle Wash Products Market Forecast and Analysis
9.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.COMMERCIAL
9.3.1.Overview
9.3.2.Commercial Market Forecast and Analysis
9.3.3.Food service Market
9.3.3.1.Overview
9.3.3.2.Food service Market Forecast and Analysis
9.3.4.Retail Market
9.3.4.1.Overview
9.3.4.2.Retail Market Forecast and Analysis
9.3.5.Laundry and Dry-cleaning Market
9.3.5.1.Overview
9.3.5.2.Laundry and Dry-cleaning Market Forecast and Analysis
9.3.6.Healthcare Market
9.3.6.1.Overview
9.3.6.2.Healthcare Market Forecast and Analysis
9.3.7.Offices Market
9.3.7.1.Overview
9.3.7.2.Offices Market Forecast and Analysis
9.3.8. Hotels and Lodging Market
9.3.8.1.Overview
9.3.8.2. Hotels and Lodging Market Forecast and Analysis
9.3.9.Others Market
9.3.9.1.Overview
9.3.9.2.Others Market Forecast and Analysis
9.4.MANUFACTURING
9.4.1.Overview
9.4.2.Manufacturing Market Forecast and Analysis
9.4.3.Food and Beverage Processing Market
9.4.3.1.Overview
9.4.3.2.Food and Beverage Processing Market Forecast and Analysis
9.4.4.Fabricated Metal Products Market
9.4.4.1.Overview
9.4.4.2.Fabricated Metal Products Market Forecast and Analysis
9.4.5.Electronic Components Market
9.4.5.1.Overview
9.4.5.2.Electronic Components Market Forecast and Analysis
9.4.6.Others Market
9.4.6.1.Overview
9.4.6.2.Others Market Forecast and Analysis
10.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Industrial And Institutional Cleaning Chemicals Market Overview
10.1.2North America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis
10.1.3North America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Raw Material
10.1.4North America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Product Type
10.1.5North America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Application
10.1.6North America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Countries
10.1.6.1United States Industrial And Institutional Cleaning Chemicals Market
10.1.6.1.1United States Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.1.6.1.2United States Industrial And Institutional Cleaning Chemicals Market by Product Type
10.1.6.1.3United States Industrial And Institutional Cleaning Chemicals Market by Application
10.1.6.2Canada Industrial And Institutional Cleaning Chemicals Market
10.1.6.2.1Canada Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.1.6.2.2Canada Industrial And Institutional Cleaning Chemicals Market by Product Type
10.1.6.2.3Canada Industrial And Institutional Cleaning Chemicals Market by Application
10.1.6.3Mexico Industrial And Institutional Cleaning Chemicals Market
10.1.6.3.1Mexico Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.1.6.3.2Mexico Industrial And Institutional Cleaning Chemicals Market by Product Type
10.1.6.3.3Mexico Industrial And Institutional Cleaning Chemicals Market by Application
10.2.EUROPE
10.2.1Europe Industrial And Institutional Cleaning Chemicals Market Overview
10.2.2Europe Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis
10.2.3Europe Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Raw Material
10.2.4Europe Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Product Type
10.2.5Europe Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Application
10.2.6Europe Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Countries
10.2.6.1Germany Industrial And Institutional Cleaning Chemicals Market
10.2.6.1.1Germany Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.2.6.1.2Germany Industrial And Institutional Cleaning Chemicals Market by Product Type
10.2.6.1.3Germany Industrial And Institutional Cleaning Chemicals Market by Application
10.2.6.2France Industrial And Institutional Cleaning Chemicals Market
10.2.6.2.1France Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.2.6.2.2France Industrial And Institutional Cleaning Chemicals Market by Product Type
10.2.6.2.3France Industrial And Institutional Cleaning Chemicals Market by Application
10.2.6.3Italy Industrial And Institutional Cleaning Chemicals Market
10.2.6.3.1Italy Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.2.6.3.2Italy Industrial And Institutional Cleaning Chemicals Market by Product Type
10.2.6.3.3Italy Industrial And Institutional Cleaning Chemicals Market by Application
10.2.6.4United Kingdom Industrial And Institutional Cleaning Chemicals Market
10.2.6.4.1United Kingdom Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.2.6.4.2United Kingdom Industrial And Institutional Cleaning Chemicals Market by Product Type
10.2.6.4.3United Kingdom Industrial And Institutional Cleaning Chemicals Market by Application
10.2.6.5Russia Industrial And Institutional Cleaning Chemicals Market
10.2.6.5.1Russia Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.2.6.5.2Russia Industrial And Institutional Cleaning Chemicals Market by Product Type
10.2.6.5.3Russia Industrial And Institutional Cleaning Chemicals Market by Application
10.2.6.6Rest of Europe Industrial And Institutional Cleaning Chemicals Market
10.2.6.6.1Rest of Europe Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.2.6.6.2Rest of Europe Industrial And Institutional Cleaning Chemicals Market by Product Type
10.2.6.6.3Rest of Europe Industrial And Institutional Cleaning Chemicals Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Industrial And Institutional Cleaning Chemicals Market Overview
10.3.2Asia-Pacific Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis
10.3.3Asia-Pacific Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Raw Material
10.3.4Asia-Pacific Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Product Type
10.3.5Asia-Pacific Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Countries
10.3.6.1Australia Industrial And Institutional Cleaning Chemicals Market
10.3.6.1.1Australia Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.3.6.1.2Australia Industrial And Institutional Cleaning Chemicals Market by Product Type
10.3.6.1.3Australia Industrial And Institutional Cleaning Chemicals Market by Application
10.3.6.2China Industrial And Institutional Cleaning Chemicals Market
10.3.6.2.1China Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.3.6.2.2China Industrial And Institutional Cleaning Chemicals Market by Product Type
10.3.6.2.3China Industrial And Institutional Cleaning Chemicals Market by Application
10.3.6.3India Industrial And Institutional Cleaning Chemicals Market
10.3.6.3.1India Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.3.6.3.2India Industrial And Institutional Cleaning Chemicals Market by Product Type
10.3.6.3.3India Industrial And Institutional Cleaning Chemicals Market by Application
10.3.6.4Japan Industrial And Institutional Cleaning Chemicals Market
10.3.6.4.1Japan Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.3.6.4.2Japan Industrial And Institutional Cleaning Chemicals Market by Product Type
10.3.6.4.3Japan Industrial And Institutional Cleaning Chemicals Market by Application
10.3.6.5South Korea Industrial And Institutional Cleaning Chemicals Market
10.3.6.5.1South Korea Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.3.6.5.2South Korea Industrial And Institutional Cleaning Chemicals Market by Product Type
10.3.6.5.3South Korea Industrial And Institutional Cleaning Chemicals Market by Application
10.3.6.6Rest of Asia-Pacific Industrial And Institutional Cleaning Chemicals Market
10.3.6.6.1Rest of Asia-Pacific Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.3.6.6.2Rest of Asia-Pacific Industrial And Institutional Cleaning Chemicals Market by Product Type
10.3.6.6.3Rest of Asia-Pacific Industrial And Institutional Cleaning Chemicals Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Industrial And Institutional Cleaning Chemicals Market Overview
10.4.2Middle East and Africa Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis
10.4.3Middle East and Africa Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Raw Material
10.4.4Middle East and Africa Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Product Type
10.4.5Middle East and Africa Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Industrial And Institutional Cleaning Chemicals Market
10.4.6.1.1South Africa Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.4.6.1.2South Africa Industrial And Institutional Cleaning Chemicals Market by Product Type
10.4.6.1.3South Africa Industrial And Institutional Cleaning Chemicals Market by Application
10.4.6.2Saudi Arabia Industrial And Institutional Cleaning Chemicals Market
10.4.6.2.1Saudi Arabia Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.4.6.2.2Saudi Arabia Industrial And Institutional Cleaning Chemicals Market by Product Type
10.4.6.2.3Saudi Arabia Industrial And Institutional Cleaning Chemicals Market by Application
10.4.6.3U.A.E Industrial And Institutional Cleaning Chemicals Market
10.4.6.3.1U.A.E Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.4.6.3.2U.A.E Industrial And Institutional Cleaning Chemicals Market by Product Type
10.4.6.3.3U.A.E Industrial And Institutional Cleaning Chemicals Market by Application
10.4.6.4Rest of Middle East and Africa Industrial And Institutional Cleaning Chemicals Market
10.4.6.4.1Rest of Middle East and Africa Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.4.6.4.2Rest of Middle East and Africa Industrial And Institutional Cleaning Chemicals Market by Product Type
10.4.6.4.3Rest of Middle East and Africa Industrial And Institutional Cleaning Chemicals Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Industrial And Institutional Cleaning Chemicals Market Overview
10.5.2South and Central America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis
10.5.3South and Central America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Raw Material
10.5.4South and Central America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Product Type
10.5.5South and Central America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Application
10.5.6South and Central America Industrial And Institutional Cleaning Chemicals Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Industrial And Institutional Cleaning Chemicals Market
10.5.6.1.1Brazil Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.5.6.1.2Brazil Industrial And Institutional Cleaning Chemicals Market by Product Type
10.5.6.1.3Brazil Industrial And Institutional Cleaning Chemicals Market by Application
10.5.6.2Argentina Industrial And Institutional Cleaning Chemicals Market
10.5.6.2.1Argentina Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.5.6.2.2Argentina Industrial And Institutional Cleaning Chemicals Market by Product Type
10.5.6.2.3Argentina Industrial And Institutional Cleaning Chemicals Market by Application
10.5.6.3Rest of South and Central America Industrial And Institutional Cleaning Chemicals Market
10.5.6.3.1Rest of South and Central America Industrial And Institutional Cleaning Chemicals Market by Raw Material
10.5.6.3.2Rest of South and Central America Industrial And Institutional Cleaning Chemicals Market by Product Type
10.5.6.3.3Rest of South and Central America Industrial And Institutional Cleaning Chemicals Market by Application
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.INDUSTRIAL AND INSTITUTIONAL CLEANING CHEMICALS MARKET, KEY COMPANY PROFILES
12.1.3M COMPANY
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.AKZO NOBEL N.V.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.ALBEMARLE CORPORATION
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.BASF SE
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.CLARIANT AG
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.CRODA INTERNATIONAL PLC
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.EASTMAN CHEMICAL COMPANY
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.HENKEL AG AND CO. KGAA
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.HUNTSMAN INTERNATIONAL LLC
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.SOLVAY S.A.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies
- 3M Company
- Akzo Nobel N.V.
- Albemarle Corporation
- BASF SE
- Clariant AG
- Croda International Plc
- Eastman Chemical Company
- Henkel AG & Co. KGaA
- Huntsman International LLC
- Solvay S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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