Industrial Cleaning Chemicals Market Study Provides Latest Intelligence on Growth in 2023 and Beyond
Global Industrial Cleaning Chemicals supply-demand continues to be impacted by broader developments in the chemicals sector. The new Industrial Cleaning Chemicals market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2018-2028).
The study tracks Industrial Cleaning Chemicals demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Industrial Cleaning Chemicalsin particular.
How will Industrial Cleaning Chemicals Sales Grow in 2023 and Beyond
The Industrial Cleaning Chemicals industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Industrial Cleaning Chemicals will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2023 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2023, after contracting by 2% in 2023. Recovery is likely to be sustained with a growth of 2% also expected in 2023.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2023, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Industrial Cleaning Chemicals Market: Segmentation
The industrial cleaning chemicals market can be segmented on the basis of application and end use.
On the basis of application, the industrial cleaning chemicals market can be segmented into:
- Rust cleaning agent
- Surface cleaner
- Odor neutralizer
- Descaling chemical
- Automotive shampoo
On the basis of end use, the industrial cleaning chemicals market can be segmented into:
- Power generation
- Water & Wastewater
- Food Processing
- Oil & Gas
- General Industrial
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The Fact.MR study profiles the business, product and other key strategies of the leading Industrial Cleaning Chemicals companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Industrial Cleaning Chemicals market include (Arrow Solutions, Megamorph Marketing Pvt. Ltd., Velocity Chemicals Ltd., Graham Chemical, Ashburn Chemical Technologies, Satol Chemicals, Truworth Homes, WVT Industries NV, Sunburst Chemicals)
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Key Regions Analyzed
- North America
- Latin America
- Middle East & Africa
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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