The global industrial & institutional cleaning chemicals market is expected to register a CAGR of around 5 percent during the forecast period, 2018 to 2023. North America accounted for the largest market in 2017. Asia-Pacific is expected to register the fastest growth during the forecast period.
Rising Demand from Healthcare Industry
Hospitals and other healthcare institutions are placing immense efforts to prevent the occurrence of Healthcare Associated Infections (HAIs) and other infectious diseases. HAIs, which are highly caused by rapidly developing strains of multidrug-resistant organisms, can lead to serious illness to both patients and workers there.
HAIs have led to numerous deaths and increased morbidity among patients. More than 175,000 deaths occur every year in industrialized countries, due to HAIs. More than 60 percent of the global HAIs are owing to different pathogens carried by medical implants and devices. Cross-infection among patients has also increased the prevalence of HAIs. Hence, the usage of cleaning and disinfecting products has become mandatory in the healthcare industry.
General Purpose Cleaners - The Largest Product Type
General purpose cleaners are the largest segment in the industrial & institutional cleaning chemicals market. The products in this segment are mainly used as ware-wash, floor cleaners etc at hospitals, hotels, and offices, amongst others. The awareness of contagious diseases is one of the driving factors of these products.
But, the harmful side effects associated with these chemicals are restraining the growth of the market. The majority of the chemicals used in these products are biocides and surfactants. The United States of America is the leading market shareholder of this segment, followed by the Western European countries. Asia-Pacific region is showing steady growth, owing to its growing population.
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