World Industrial & Institutional (I&I) Cleaning Chemicals

World Industrial & Institutional (I&I) Cleaning Chemicals

Bharatbook.com announces Latest Markets Research Reports on "World Industrial & Institutional (I&I) Cleaning Chemicals”. Increased spending power and continued adoption of more Western style eating habits will expand food and beverage manufacturing in developing countries.

Nov., 22th, 2014, Mumbai, India: Bharat Book Bureau presents the report, on "World Industrial & Institutional (I&I) Cleaning Chemicals”. These improvements can result in considerable decreases in the amounts of water and energy used while also providing end users with lower labor costs and higher operational efficiency.

World demand to grow 4+% annually through 2018

Global demand for I&I cleaning chemicals is expected to grow over four percent per annum to more than $50 billion in 2018. Significant gains will be realized in the healthcare market segment, where a rise in the number of hospital stays and concerns about healthcare associated infections (HAIs) will drive increases in healthcare expenditures worldwide. The manufacturing sector is also expected to be a strong source of growth, especially in developing economies, as these countries focus on increasing their cleaning standards. Disinfectants and sanitizers will benefit most from these trends. Across the industry, changes in the product mix are expected as firms increasingly focus on sustainability and operational efficiency.

Rising healthcare spending to be key demand driver

Increased spending on healthcare will continue to be an important driver of growth in I&I cleaning chemical demand. Greater healthcare utilization will stem from aging populations in Europe, North America, Australia, China, and Japan, as well as from rising prosperity in many developing countries where routine healthcare was previously unaffordable. Increased visitation rates will require more frequent cleaning in these facilities, leading to demand gains for most...