India Industrial and Institutional Cleaning Chemicals Market Grew at 14.5% Until 2014
Increasing demand from healthcare application and introduction of stringent safety standards to fuel demand for industrial and institutional chemicals in India
According to recently published TechSci Research report, “India Industrial and Institutional Cleaning Chemicals Market Forecast and Opportunities, 2020”, the industrial and institutional cleaning chemicals market in India exhibited a CAGR of 14.5% during 2010-14. Industrial and institutional cleaning chemicals market in India is witnessing increasing adoption in commercial, manufacturing, government and institutional end-use segments. In addition, increasing consumer awareness regarding foodborne diseases and microbial infections is also boosting the use of cleaning chemicals. The demand for industrial and institutional cleaning chemicals has been growing exponentially over the last five years, with continuing growth being witnessed in food & beverage processing and healthcare sector.
The report reveals that the commercial sector generates the highest demand for industrial and institutional cleaning chemicals; and the trend is expected to continue over the next five years on account of growing commercial activities in the country. Manufacturing sector is also one of the leading end-use segments for cleaning chemicalson account of continuing growth being witnessed in food and beverages processing and electronic hardware production. Presently, Diversey Incorporation, Chevron Corporation, Haylide Chemicals, Satol Chemicals and Rossari Biotech Ltd. are the leading suppliers of industrial and institutional chemicals in India.
“In India’s industrial and institutional cleaning chemicals market, commercial sector accounted for highest value gains due to huge demand emanating from laundry and dry cleaning, food service, office and retail outlet segments. Hotels and lodging are expected to experience the fastest increase in terms of cleaning chemical consumption as compared to any other sector in the commercial market. However, over the next five years, use of cleaning chemicals is expected to witness robust growth in manufacturing sector on account of growing safety and health standards in food and beverages processing sector.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Industrial and Institutional Cleaning Chemicals Market Forecast and Opportunities, 2020” has analyzed the potential of the India’s industrial and institutional chemicals market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.