India Cleaning Chemical Market to Exhibit a CAGR of over 15% During 2017-2026
Growing focus
towards cleanliness, increasing number of initiatives and campaigns to
promote cleanliness coupled with rising stringent government regulations to
fuel demand for cleaning chemicals in India through 2026
According
to TechSci Research report, “India Cleaning Chemicals Market By Product Type, By End Use Sector, By Sale Channel, By
Region, Competition Forecast and Opportunities, 2012-2026’’, cleaning
chemicals market in India is forecast to exhibit a CAGR of over 15% during
2017-2026. Robust growth in institutional sector, rising cleanliness standards,
increasing number of residential dwellings coupled with expanding food &
retail market is expected to boost demand for cleaning chemicals in India
through the forecast period. Rising demand for cleaning chemicals can be attributed to growing
applications of cleaning products in various end use sectors and increasing
number of clinical outbreaks in the country. India cleaning chemicals market
was dominated by laundry care chemicals over the past few years, and
this trend is anticipated to continue in the coming years as well. Moreover, laundry care chemical is
projected to exhibit a CAGR of over 15% during 2017-2026 in India cleaning
chemicals market, on account of expanding hotel & lodging industry in the
country. Furthermore, on account of growing tourism sector in the country,
Government of India has planned to construct around 90,000 new hotels across
the country by 2020, which is also expected to positively influence the
country’s cleaning chemicals market in the coming years.
Browse 11 market data
Tables and 53 Figures spread through 120 Pages and an in-depth TOC on "India Cleaning
Chemicals Market, 2012-2026"
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Increasing
disposable income, growing hectic lifestyles and launch of new and innovative cleaning
chemicals consumers are the major factors anticipated to drive demand
for cleaning chemicals in India in the coming years. Healthcare sector is among
the leading consumers of cleaning chemicals in the country. Moreover, India
healthcare market is forecast to grow from $ 160 billion in 2016 to $ 280
billion by 2020, which is anticipated to propel India cleaning chemicals market
through 2026. Furthermore, campaigns launched by leading market players such as
Banega Swachh India Campaign and Domex cleaning academy are raising consumer
awareness, which is underpinning
growth in India cleaning chemicals market. Hindustan Unilever Limited, Reckitt
Benkiser India, Proctor & Gamble, Diversey India Private Limited and
Schevaran Laboratories Pvt. Ltd., are few of the leading players operating in
India cleaning chemicals market.
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“India cleaning chemicals market was dominated by residential sector
over the past few years, owing to increasing rate of construction of residential
setups and rapid urbanization across the country. Moreover, bundling of
technology with cleaning chemicals, growing focus towards improving hygiene
standards in Indian railways and rising demand for nanotechnology based laundry
care chemicals is expected to further boost demand for cleaning chemicals in
India through 2026.”, said Mr. Karan Chechi, Research Director with Tech Sci
Research, a research based global management consulting firm.
“India Cleaning Chemicals Market By Product Type, By
End Use Sector, By Region, By State, By Sale Channel, Competition Forecast and
Opportunities, 2012-2026” has evaluated the future growth potential of India cleaning
chemicals market and provides statistics and information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in cleaning chemicals market in
India.
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