Market Size of Europe Industrial And Institutional Cleaning Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Industrial and Institutional Cleaning Chemicals Market Analysis
The Europe Industrial and Institutional Cleaning Chemicals Market size is currently estimated at USD 14.97 billion. It is expected to reach USD 19.73 billion over the forecast period, registering a CAGR of over 5% during the forecast period.).
The COVID-19 pandemic negatively impacted the market. It was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, increasing demand from the healthcare industry and rising demand from the food industry are factors driving the studied market's growth.
- On the flip side, stringent government regulations for using cleaning chemicals and health hazards caused by cleaning chemicals are a few restraining factors that might affect the market's growth soon.
- However, the emerging use of bio-based cleaning chemicals is expected to offer various lucrative opportunities for market growth.
- Germany is expected to dominate the market and witness the highest CAGR during the forecast period.
