The market for Industrial and Institutional Hand Hygiene Chemicals is estimated to account for USD 1,462.8 Million in 2022. The need for hand hygiene chemicals has significantly increased over the past several years, and they are currently found in many end-use industries, such as the workplace, healthcare, industrial sectors, etc.
According to FMI, the market for industrial and institutional hand hygiene chemicals is projected to rise at a CAGR of 5.1% from 2022 to 2032, reaching USD 2,546.4 Million in 2032.
| Attributes | Details |
|---|---|
| Market Size (2021) | USD 1,394.4 Million |
| Market Size 2022 | USD 1,462.8 Million |
| Market Size 2032 | USD 2,546.4 Million |
| Value CAGR (2022 to 2032) | 5.1% |
The chemical agents used in hand hygiene are the first line of defense against the hazards of infection and cross-contamination. The largest vertical for hand hygiene chemical products is the pharmaceutical and healthcare sector, which includes both acute and non-acute care, followed by the food and beverage manufacturing and restaurant sectors.
On the other hand, the increased usage of hand hygiene chemicals in end-use industries such as manufacturing and commercial offices, healthcare, retail and food service, automotive and aerospace, hotels, the food processing and dairy industries, among others, is what is fuelling the market's expansion. For many industries to expand and become profitable, cleaning is crucial. Therefore, demand will increase in the forecast period.
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The demand for industrial and institutional hand hygiene chemicals from 2017 to 2021 showed a historical growth rate of less than 4.9% CAGR. This rise in demand is brought on by the retail sector's overall expansion, the growth of the food, beverage, automotive, pharmaceutical, and other end-use industries.
On the other hand, the worldwide pandemic has an impact on all facets of society. The worldwide supply chain disruptions had some impact on the market for industrial cleaning chemicals. However, when infection curves begin to flatten starting in 2022, subsequently, FMI's prediction of the demand for industrial and institutional hand hygiene chemicals predicts a CAGR of 5.1% by 2032.
The primary driver of the growth of the global industrial and institutional hand hygiene chemical market is the increased awareness of hand hygiene principles among the general public and institutions.
The prevalence of healthcare-associated infections (HAI) is increasing, which is fueling market expansion, as medical equipment is highly susceptible to deadly infections if not properly sterilised. As consumers become more aware of health and hygiene issues, it is expected that the market for industrial and institutional hand hygiene chemicals will expand more swiftly.
In addition, the global proliferation of viral illnesses is predicted to drive the market growth for industrial and institutional cleaning chemicals over the forecast period by raising public awareness of diseases caused by various viruses and bacteria.
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Strict government regulations that prohibit the use of hazardous chemicals as well as an increase in demand for organic products made from natural materials are putting pressure on the market for industrial and institutional hand hygiene chemicals.
Due to the tight compliance standards set by the government and health authorities, demand for hand hygiene chemicals is expected to stay high over the projected period. A significant obstacle to the development of this industry is the increased use of gloves in workplace environments, including hospitals and industries.
Additionally, an increase in R&D activities by market participants with the purpose of developing novel and diverse product portfolios would likely lead to an expansion of the market for industrial and institutional hand hygiene chemicals.
The industrial and institutional hand hygiene chemicals market divided on the basis of regions such as, North America, Latin America, Europe, East Asia, South Asia-Pacific region, and the Middle East, and Africa.
It is expected that the North America would hold the highest share of the global market due to consumers in this region having a higher awareness of personal hygiene and the nation's growing population of blue collar employees.
The market share in the European region is extremely large as a result of the expansion of industries and hospitals. The Asian market is expected to grow much more swiftly than other regions due to the rapidly expanding awareness of health and safety.
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Key players operating in the Industrial and Institutional Hand Hygiene Chemicals market include Kutol Products Company, Inc., Reinol-Janek Chemicals (Pty) Ltd., Woodbine Products Company, State Chemical Solutions, Chemiphase Ltd., Sure Chemicals Ltd., Reckitt Benckiser Group plc, Azett-Seifenfabrik GmbH & Co., Stanrose Envirotech India Pvt. Ltd., Altret Industries Pvt. Ltd., Deb Group, Steris plc, EcoHydra Technologies Ltd.
The market is highly consolidated, the majority of companies investing a large amount of money in detailed research and development, mostly to create new and improved products. The primary strategies adopted by the key players are product expansion, mergers and acquisitions.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | State of the Product, Product Type, Function, End-use Verticals |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Kutol Products Company, Inc.; Reinol-Janek Chemicals (Pty) Ltd.; Woodbine Products Company; State Chemical Solutions; Chemiphase Ltd.; Sure Chemicals Ltd.; Reckitt Benckiser Group plc; Azett-Seifenfabrik GmbH & Co.; Stanrose Envirotech India Pvt. Ltd.; Altret Industries Pvt. Ltd.; Deb Group; Steris plc; EcoHydra Technologies Ltd. |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Industrial and Institutional Hand Hygiene Chemicals market reached over USD 1,394.4 Million.
During the forecast period, the Industrial and Institutional Hand Hygiene Chemicals market is estimated to expand at a CAGR of 5.1% during 2022 to 2032.
The Industrial and Institutional Hand Hygiene Chemicals market is projected to reach USD 2,546.4 Million by the end of 2032.
North America is projected to lead the Industrial and Institutional Hand Hygiene Chemicals market in the forecast period.
The key players operating in the Industrial and Institutional Hand Hygiene Chemicals market are Kutol Products Company, Inc., Reinol-Janek Chemicals (Pty) Ltd., Woodbine Products Company, and State Chemical Solutions, Chemiphase Ltd.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. State Of The Product 6.2. Product Type 6.3. Purpose Of Products 6.4. End-Use Verticals 7. Global Market Analysis and Forecast, By State Of The Product 7.1. Solid State 7.2. Liquid State 7.3. Paper-based (Liquid imbibed in solid) 7.4. Gel-based 8. Global Market Analysis and Forecast, By Product Type 8.1. Regular Soaps 8.2. Antibacterial Soaps 8.3. Industrial Heavy-duty Soaps 8.4. Sanitizers 8.5. Alcohol-based 8.6. Non-alcohol-based 8.7. Protectors (Barrier Creams, etc.) 8.8. Restorers (Moisturizers, etc.) 8.9. Others 9. Global Market Analysis and Forecast, By Purpose Of Products 9.1. Antiseptic 9.2. Antimicrobial 10. Global Market Analysis and Forecast, By End-Use Verticals 10.1. Food & Beverage 10.2. Pharmaceutical & Healthcare 10.3. Retail 10.4. Manufacturing USD Million & Tons and Industrial Services 10.5. Educational Institutions 10.6. Office Work Spaces 10.7. Others (Agriculture, Forestry, etc.) 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia & Pacific 11.5. East Asia 11.6. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by State Of The Product, Product Type, Purpose Of Products, and End-Use Verticals for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Reinol-Janek Chemicals (Pty) Ltd. 20.2. Woodbine Products Company 20.3. State Chemical Solutions 20.4. Chemiphase Ltd. 20.5. Sure Chemicals Ltd. 20.6. Reckitt Benckiser Group plc 20.7. Azett-Seifenfabrik GmbH & Co. 20.8. Stanrose Envirotech India Pvt. Ltd. 20.9. Altret Industries Pvt. Ltd. 20.10. Deb Group 20.11. Steris plc 20.12. EcoHydra Technologies Ltd.
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Industrial And Institutional Hand Hygiene Chemicals Market
