Here at North Texas Sales & Distribution, we know just how important industrial cleaning equipment is to businesses in a variety of sectors. Whether they need to remove stubborn grit and grime from heavy machinery or spruce up the workplace for prospective clients, there are plenty of reasons why businesses invest in cleanliness. Recently, a report from market research firm WhaTech revealed just how big the industrial cleaning market really is.
Over the next four years, the industry is expected to grow at a compound annual growth rate of 4.2 percent. This means that by 2020 the industrial cleaning market is expected to be worth more than $50 billion. Not too shabby.
So what’s driving all that growth?
According to the report, surfactant sales account for the largest share of the market. These products include detergents, emulsifiers, foaming agents and dispersants. Thanks to new research in surfactant technologies, these products are being used by more industries than ever before. In particular, the healthcare industry has become a leading purchaser of surfactants. In fact, healthcare facilities have been driving growth in the industrial cleaning market across the board. Healthcare facilities need industrial cleaning equipment to maintain the rigorous cleanliness standards needed to keep staff and patients safe from infectious disease.
The Asia-Pacific market is expected to harbor the most significant growth during the forecast period due to a “rising awareness on cleanliness and hygiene, and growing demand form the application industries.” More mature industrial cleaning markets in North America and Europe are also expected to grow, but at a somewhat more moderate rate.
Stay tuned for more updates from your source for rugged industrial pressure washers and cleaning products – North Texas Sales & Distribution.