India Commercial Cleaning Chemical Market to grow with a CAGR of about almost 13% by 2026.
According to the report published in the name, “India Commercial Cleaning Chemicals Market Outlook,
2026″ by Bonafide Research, the overall market for the cleaning chemicals was recorded at a value of INR 15,475 Cr, in the year 2019, which is expected to grow with a CAGR of about almost 13% by the forecasted period. The commercial spaces are divided into 6 major categories- Corporate Offices/Business Parks, Lodging, Food Service Outlets, Health care, Industrial Sector, and others (includes public gathering places, transportation hubs).
In addition to the key dynamics that primarily shape up the India commercial cleaning market build-up, the report sheds light on the industry’s megatrends that are pushing new trend waves in individual markets. The increasing prominence of the commercial building is anticipated to hold a measurable impact on commercial cleaning market performance. This has been analyzed thoroughly in the report. The corporate offices and retail malls, along with educational institutes hold the highest market share, of more than 25%, by the end of the forecasted period. With offices, malls, and other commercial establishments preferring to outsource cleaning jobs, the cleaning sector is going through a growth trajectory.
Highly dominated by the unorganized market, the floor-cleaning chemical holds the highest share mainly due to the area covered. With the increasing adaption of specialized cleaning chemicals, the use of multipurpose cleaning chemicals has been narrowed down.
With the surge in the awareness about the hygienic outing, the market share of the foodservice outlets is to increase. Setting up new healthcare setups, rising awareness about hygiene needs, and the launch of new and innovative cleaning chemicals are propelling the market for cleaning chemicals in India. This is likely to allow kitchen care and personal care chemicals to grow. Post the Covid outbreak, the market is to welcome a segment of disinfectants, which is expected to cover a share of merely 2% by the end of the forecasted period.
Companies like Diversey India Hygiene Pvt. Ltd., Ecolab Food
Safety & Hygiene Solutions Pvt. Ltd., Haylide Chemicals Pvt. Ltd., Megamorph Marketing Pvt. Ltd., Alpha Chemicals, etc lead the commercial cleaning chemical industry. The coming decade is to allow the cleaning industry to brace itself for the period of growth and development technologically. The industry is expected to laboriously enhance its service quality with new technology. With an optimistic outlook towards these trends, the cleaning industry can increase its profitability and boost productivity. The industry is progressing towards robotics and work automation to improve efficiency number. Even though the entry of automation in the industry is comparatively new, the market has no longer remained niche, as automated cleaning is making its hold over mainstream cleaning.