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Accelerating Commercial Market Drives Global Demand for I&I Cleaning Chemicals
Friday, July 22, 2022

CLEVELAND, July 20, 2022 /PRNewswire/ -- A new Freedonia Group analysis finds that the commercial market will account for the largest absolute gains of any industrial and institutional (I&I) cleaning chemical market due to a rebound in foodservice applications, as revenues from restaurants and other foodservice establishments continue to grow following significant pandemic-related declines in 2020. In addition:

    --  The return of international tourism, which suffered significantly in
        2020 and continued to be affected in 2021, will also spur cleaning
        chemical demand for hotels.
    --  Transportation, distribution, and storage applications will also see
        significant growth, as increased manufacturing of a variety of goods,
        coupled with rising e-commerce activity, spur demand for vehicle care
        and floor care products.

The commercial market will remain the leading segment of the global I&I cleaning chemicals market through 2026, supported by:

    --  an acceleration in global nonresidential building construction following
        weak, pandemic-related growth during the prior period
    --  rising food safety concerns following well-publicized cases of foodborne
        illness
    --  increasing worries among the public regarding environmental exposure to
        irritating or dangerous chemicals, prompting the use of safer cleaning
        chemicals that are either higher value or those that tend to be used in
        greater volumes

The institutional and government segment is expected to post healthy gains, driven by:

    --  aging populations in developed regions
    --  a healthy rate of increase in healthcare spending in developing
        economies

Demand in manufacturing applications will post similar growth, supported by increasing manufacturing output and rising demand from end users and the general public for more sustainable products with a smaller environmental footprint.

Global Industrial & Institutional (I&I) Cleaning Chemicals provides historical data for 2009, 2014, and 2021 and forecasts to 2026 in current US dollars (which are not adjusted to account for inflation) for global I&I cleaning chemicals demand by product, market, and major world region and country. Corporate trends among market leaders including market share are also analyzed.

Products:

    --  general purpose cleaners
    --  floor care products
    --  warewashing products
    --  disinfectants and sanitizers
    --  laundry care products
    --  vehicle care products
    --  other products such as furniture polishes, oven cleaners, drain
        cleaners, deodorizers, urinal cakes and bathroom cleaners

Markets:

    --  commercial
        --  foodservice
        --  retail cleaning
        --  transportation, distribution, and storage facilities
        --  hotels and accommodations
        --  other commercial markets, including commercial laundries and dry
            cleaning facilities, commercial car washes, gymnasiums, sporting
            venues, theaters, amusement parks, and museums
    --  manufacturing
        --  food and beverage processing
        --  fabricated metal manufacturing
        --  other manufacturing markets, including manufacturers of chemical and
            allied products, computer equipment, electrical equipment,
            electronic components, machinery, petroleum and coal products, pulp
            and paper, rubber, and transportation equipment
    --  institutional and governmental
        --  healthcare
        --  other institutional and governmental markets, including educational
            facilities, childcare establishments, religious facilities,
            municipal buildings, fire and police stations, correctional
            facilities, military bases, parks and other public works, and
            community centers and union halls

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/accelerating-commercial-market-drives-global-demand-for-ii-cleaning-chemicals-301590310.html

SOURCE The Freedonia Group



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