Industrial Cleaning Market to Reach $58 Billion by 2024October 25, 2019
The global market for industrial cleaning products is expected to reach US$58.2 billion by 2024 with a compounded annual growth rate—or CAGR—of 4.5%, according to a new report by MarketsandMarketsTM.
The study cites workplace hygiene initiatives as a key driver for industrial cleaning products due to increased regulations in developed regions. An increased focus on improved worker hygiene is predicted to drive demand in the manufacturing, food processing, and automotive industries. The report also forecasted surfactants to be the largest ingredient type in the sector.