10.17.12
According to “World Industrial & Institutional (I&I) Cleaning Chemicals to 2016,” a new market research report available at ReportsnReports.com, developing markets will spur world growth over 4.7% annually through 2016.
Worldwide demand for I&I cleaning chemicals will grow 4.7 percent annually, exceeding $44 billion in 2016. Overall, the fastest growing applications will be in health care, and food and beverage processing.
The outlook will also improve in developed markets as well. In the US market, still by far the world's largest, gains will be strongest in health care, in light of the aging US population, which will lead to more frequent doctor visits and more hospital traffic.
In the health care market, unlike other environments with less rigorous disinfection requirements, the long-term concerns about overuse of disinfectants creating super-resistant strains of bacteria usually take a back seat to the more immediate and pressing concerns of patient care, infection control, and the prevention of hospital-acquired infections.
Around the world, sales of disinfectants and sanitizers will experience healthy advances as food industry participants at all levels seek to satisfy the stringent safety requirements of consumers, regulators, and national and global food retailers and foodservice companies. Worldwide increases in infection control efforts will boost demand in health care settings, a trend that will be beneficial not only for specialized disinfectants, but for more general janitorial/sanitation products as well.
General purpose cleaners and floor care products will remain the largest product categories, combining to account for almost 45% of overall demand. However, growth in demand for these products will be somewhat slower than average. General purpose cleaners will be replaced by more specialized products, particularly in developing markets.
Growth for floor care products will be restrained by market maturity in many of the larger markets, and a trend favoring somewhat simplified floor care routines, in part to reduce labor costs. Nevertheless, favorable growth prospects exist for multifunctional general purpose cleaning products with greater convenience and user safety -- such as those products that contain antibacterial additives or are suitable for use in a variety of applications.
Worldwide demand for I&I cleaning chemicals will grow 4.7 percent annually, exceeding $44 billion in 2016. Overall, the fastest growing applications will be in health care, and food and beverage processing.
Developing markets in Asia, Africa and Eastern Europe will lead advances, and this is particularly true in China, where the market ceiling continues to grow upward due to an unparalleled combination of modernization and economic expansion. A few other countries, such as India, are likely to register comparable rates of growth. However, India remains a much smaller and less fully developed market for I&I cleaning chemicals.
The outlook will also improve in developed markets as well. In the US market, still by far the world's largest, gains will be strongest in health care, in light of the aging US population, which will lead to more frequent doctor visits and more hospital traffic.
In the health care market, unlike other environments with less rigorous disinfection requirements, the long-term concerns about overuse of disinfectants creating super-resistant strains of bacteria usually take a back seat to the more immediate and pressing concerns of patient care, infection control, and the prevention of hospital-acquired infections.
Around the world, sales of disinfectants and sanitizers will experience healthy advances as food industry participants at all levels seek to satisfy the stringent safety requirements of consumers, regulators, and national and global food retailers and foodservice companies. Worldwide increases in infection control efforts will boost demand in health care settings, a trend that will be beneficial not only for specialized disinfectants, but for more general janitorial/sanitation products as well.
General purpose cleaners and floor care products will remain the largest product categories, combining to account for almost 45% of overall demand. However, growth in demand for these products will be somewhat slower than average. General purpose cleaners will be replaced by more specialized products, particularly in developing markets.
Growth for floor care products will be restrained by market maturity in many of the larger markets, and a trend favoring somewhat simplified floor care routines, in part to reduce labor costs. Nevertheless, favorable growth prospects exist for multifunctional general purpose cleaning products with greater convenience and user safety -- such as those products that contain antibacterial additives or are suitable for use in a variety of applications.