Stringent government regulations and guidelines to maintain proper hygiene and stay safe from infection protocols for institutes is likely to boost the U.S. institutional cleaning ingredients market demand.
updated: Apr 15, 2021 07:00 EDT
April 15, 2021 (Newswire.com) –
Based on Global Market Insights Inc., report, the U.S. Institutional Cleaning Ingredients Market size for Dishwashing Application was estimated at $500 million in 2020 and is slated to exceed $595 million by 2025, registering a CAGR of 3% from 2021 to 2025. The report provides a thorough analysis of the main investment avenues, major winning strategies, drivers and opportunities, wavering industry trends, market estimations as well as size, competitive scenarios.
In addition, industry players in the U.S. are rapidly adopting high-performance cleansing solutions, owing to rising cases of Covid-19 in the U.S region. Hence, this factor should support the growth of the U.S. institutional cleaning ingredients market for dishwashing application.
Surfactant ingredients anticipated to show a lucrative share of over 70% in the U.S. institutional cleaning ingredients market for dishwashing application in the year 2020 and anticipated to continue in the foreseeable timeframe. It is because of the cost-effective benefit and easy availability of surfactant to disinfectant manufacturers.
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Dishwashing Machine Type application holds a major share in the U.S. institutional cleaning ingredients market for dishwashing application and is anticipated to grow with the highest CAGR of over 3.5%. It is owing to the continuous deployment of robotic dishwashing machines in large, chained restaurants and large institutes.
Chelating agents’ ingredients is anticipated to show significant growth of more than 2.0% of CAGR in the forecasted timeframe and reach the value of over USD 55 million by the end of the 2025 year. Chelating agents help to improving water hardness protection, increasing solubility of insoluble metal soaps, salts, and oxides, and removing dissolved minerals such as calcium and magnesium. Hence these multiple benefits of chelating agents in cleanser and detergents led to fuel its market growth over the forecasted period.
There has been a growing emphasis on reducing the effects of hard water for cleaning dishwashers, which results in scaling. This trend has accelerated the demand for products, which also helps in reducing the number of salts present in water, accelerating the chelating detergents for the institutional applications market.
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Leading market players:
The key players in the U.S. institutional cleaning ingredients industry for dishwashing application includes Stepan Company, BASF SE, The Dow Chemical Company, Evonik Industries AG, Solvay, Croda International Plc and Ashland Global Holdings Inc. These players hold more than 35% share in the U.S. Institutional Cleaning Ingredients Market for Dishwashing Application. In addition, there is also some other players in the market hold significant position such as Clariant International, Nouryon, Indorama Ventures Public Company Limited, Kao Corporation, PeroxyChem, AkzoNobel N.V., Supraveni Chemicals and Spectrum Chemicals Manufacturing Corporation.
Major players are focusing on strategic initiatives such as partnership, acquisitions, joint venture, investment in research and development to develop new products and cater the rising demand for detergent in different institutes, due to rise covid-19 cases and consumers concern towards cleanliness.
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Source: Global Market Insights Inc.