Market Size of Europe Industrial and Institutional Cleaning Chemicals Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Market Size (2023) | USD 14.97 Billion |
| Market Size (2028) | USD 19.73 Billion |
| CAGR (2023 - 2028) | 5.68 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Industrial & Institutional Cleaning Chemicals Market Analysis
The Europe Industrial and Institutional Cleaning Chemicals Market size is expected to grow from USD 14.97 billion in 2023 to USD 19.73 billion by 2028, at a CAGR of 5.68% during the forecast period (2023-2028).
Major factors driving the market studied are accelerating demand from the healthcare industry and rising demand from the food industry. On the flipside, health hazards caused by cleaning chemicals and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Emerging use of bio-based cleaning chemicals is expected to offer various lucrative opportunities for the growth of market.
- In terms of the market type, manufacturing sector in food and beverage processing is expected to account for the largest share.
- Based on country, Germany is expected to dominate the regional market.
