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New study predicts CAGR of 5.1% between 2009-2014.
December 15, 2009
By: TOM BRANNA
Editor
The global cleaning products market will finish out 2009 at approximately $55 billion, growing by 1.1% over 2008 estimates, according to a new study from IntertechPira. The market is projected to top $70 billion by 2014, representing a CAGR of 5.1%, the company said. Sector-wise, laundry is the largest category at approximately $30.7 billion, followed by surface cleaners at $18.5 billion and dishwashers at $5.8 billion. Most of these products are used in the home sector, with approximately 20% being used in industrial and institution situations, according to the study. More info: www.intertechpira.com
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