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Household, Industrial & Institutional Ingredients:
Various chemicals used in formulation of cleaning products such as cationic and nonionic surfactants, chelating agents, antimicrobials, disinfectants, corrosion inhibitors, functional polymers, enzymes, rheology modifiers, solvents, pH regulators, biocides, preservatives, cellulosics, phosphates, silicones, chlorides, citrates, odor control agents, optical brighteners, etc.
Household, Industrial & Institutional chemicals segment includes hundreds of ingredients used to formulate cleaning products. They are found in a variety of consumer goods products generally designed for cleaning and for maintaining a hygienic living or working environment. End products that use such cleaning ingredients include air fresheners, various kinds of cleaners (automotive, bathroom, carpet, window, shower, kitchen, glass, multi-surface, etc.), degreasers, dishwashing products, disinfectants, fabric softeners, laundry detergents, hand soaps, wipes, sanitizers, surface protectors, leather care products, furniture polishes, waxes, and strippers - just to name a few. The major applications of these products are in homes, commercial offices, retail & food service, hospitals, automotive & aerospace industry, manufacturing processes, hospitality, food processing, and others.
The market for household cleaning products continues to grow year on year since they are essential consumables. Key drivers for this market are consumers’ growing awareness about health and hygiene, increasing demand for convenience products, and increasing disposable income in emerging markets. For the industrial & institutional cleaning chemicals segment, the growth is more moderate and more tied to swings in the business cycles. Key drivers for this market include the growth in the healthcare investments in developed countries, growing demand from infrastructure and manufacturing industries in developing countries, and increasing awareness about cleanliness and threat of infectious diseases caused by pathogens, viruses and bacteria. One of the fastest areas of growth in the industrial & institutional cleaning chemical market is expected to be the healthcare segment, primarily due to concerns about healthcare-associated infections (HAIs).
Some of the major players in this space include Akzo Nobel, BASF, Evonik Industries, Pilot Chemical, Dow Chemical, Innophos Holdings, Huntsman Corporation, and Croda.
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