BURNABY, Canada, October 29, 2015 /PRNewswire/ --
Rising urban population coupled with increasing demand from commercial as well as industrial sectors to propel India cleaning chemicals market through 2020
According to recently released TechSci Research report "India Cleaning Chemicals Market Forecast & Opportunities, 2020", the market for cleaning chemicals in India is projected to growth at a CAGR of around 21% during 2015 - 2020, on account of growing awareness among people regarding foodborne diseases and microbial and bacterial infections, rising initiatives by the government as well as private companies on educating masses about cleanliness, and increasing safety standards in healthcare, commercial as well as industrial set-ups. Few of the other major factors influencing the market for cleaning chemicals in India include rising urban population, increasing consumption of these products in the food and beverages processing, drugs manufacturing, etc.
The market for cleaning chemicals in India is broadly classified into general purpose cleaners, sanitary care cleaners, laundry care cleaners, disinfectants and sanitizers, kitchen care cleaners, and other cleaning chemicals such as degreasers and chemicals used by vehicle wash segment. The demand for disinfectants and sanitizers is expected to grow the fastest on account their increasing application in food and beverages processing and manufacturing, healthcare sector, drug manufacturing, dairy and poultry industries, cleaning of surgical instruments in hospitals, hotels, etc. This surge in demand is attributable to the ability of such chemicals to disinfect and reduce the effect of bacteria, virus and disease causing micro-organisms. Sanitary care cleaners segment is expected to be the second fastest growing segment in the coming years, followed by general purpose cleaners. Cleaning chemicals market in India is largely dominated by unorganized sector due to the presence of a large number of small manufacturers in the country. Some of the leading companies operating in the country's cleaning chemicals market include Diversey India Private Limited, Buzil Rossari Pvt Ltd, RB India, Hindustan Unilever Limited, Ecolab India, Dabur India Limited, S. C. Johnson Products Pvt. Ltd., Haylide Chemicals, Altret Industries Pvt. Ltd. and Schevaran laboratories Pvt. Ltd.
"Increasing government initiatives for cleanliness and hygiene such as Clean India Mission as well as different companies coming forward with initiatives to educate people regarding cleanliness and hygiene is expected to fuel demand for cleaning chemicals in the country over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Cleaning Chemicals Market Forecast & Opportunities, 2020" has evaluated the future growth potential of India cleaning chemicals market and provides statistics and information on market structure, industry behavior and trends. The report includes cleaning chemicals market projections and demand forecasting. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities prevalent in the cleaning chemicals market in India.
About TechSci Research:
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research