The global market for Industrial Cleaning Chemicals estimated at US$58.6 Billion in the year 2022, is projected to reach a revised size of US$80 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

Surfactants, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$22.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Solvents segment is readjusted to a revised 3.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.9 Billion, While China is Forecast to Grow at 6.1% CAGR

The Industrial Cleaning Chemicals market in the U.S. is estimated at US$16.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18.9 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2030.

Select Competitors (Total 34 Featured) -

• 3M Company
• BASF SE
• Clariant
• Croda International Plc.
• Diversey, Inc.
• Dow, Inc.
• Ecolab, Inc.
• Evonik Industries AG
• Huntsman Corporation
• Kao Chemicals Europe. S.L.
• Mitsubishi Chemical Holdings Corporation
• Neos Company Limited
• Pilot Chemical Company
• Quaker Chemical Corporation
• Solvay S.A.
• Spartan Chemical Co., Inc.
• Stepan Company
• WVT Industries N.V. (Belgium).

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• Global competitiveness and key competitor percentage market shares
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