Global Cleansing Chemicals market will reach 68352 MT by the end of 2024

Publisher: QYResearch
Published Date: 2019/8/30

In terms of volume, the Europe Industrial and Institutional Cleaning Chemicals consumption was 52478 MT in 2017, and it is predicted to reach 68352 MT in 2024, at a CAGR of 3.85%. In 2017, the Europe Industrial and Institutional Cleaning Chemicals market is led by Germany, capturing about 26.12% of Europe Industrial and Institutional Cleaning Chemicals consumption. UK is the second-largest region-wise market with 19.59% of consumption share.

At present, the major manufacturers of Industrial and Institutional Cleaning Chemicals are BASF, Stepan, Ecolab, Eastman Chemical, Akzonobel, Dow Chemical, etc. BASF is the world leader, holding 13.72% production market share in 2017.

In application, Industrial and Institutional Cleaning Chemicals downstream is wide and recently Industrial and Institutional Cleaning Chemicals has acquired increasing significance in various fields of Food & Beverage, Building Service, Commercial Laundry, Vehicle Cleaning, Industrial Cleaning and others.

In the future, Europe market is expected to witness significant growth on account of rising applications, so in the next few years, Industrial and Institutional Cleaning Chemicals consumption will show a trend of steady growth. In 2024 the consumption value of Industrial and Institutional Cleaning Chemicals is estimated to be 421.55 Million USD.

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