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Cleaning Products Market Trends

Report ID: GMI11530
Published Date: Sep 2024
Report Format: PDF

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Cleaning Products Market Trends

Recent advancements in chemistry and material science have resulted in the development of more effective cleaning agents. Modern formulations now address a broader range of stains, dirt, and microbes with greater efficiency, reducing the necessity for multiple products. Technological innovations have enabled the creation of specialized cleaning products for various surfaces and environments, including antimicrobial, antibacterial, and enzymatic cleaners. This specialization caters to the diverse needs of consumers and businesses, thereby driving market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The cleaning products industry was valued at USD 302.9 billion in 2023 and is estimated to grow at a CAGR of 5.3% over 2024-2032, indicating strong market potential and demand for effective cleaning solutions.

The Surface Cleaners segment dominates the market with a revenue of approximately USD 82.7 billion in 2023 and is expected to grow at a CAGR of 5.7%, primarily due to heightened hygiene awareness from the COVID-19 pandemic.

Asia Pacific accounted for around 35.2% of the market in 2023 and is expected to grow at a CAGR of 5.9%. Rapid urbanization and economic growth in countries like China and India significantly drive demand across residential, commercial, and public sectors.

Key players in the cleaning products industry include Azelis, Ecolab, Henkel, Procter & Gamble, Reckitt Benckiser, and Unilever, among others, which contribute to market innovation and consumer choice.