The India
cleaning chemicals market is forecasted to register a staggering CAGR of 15 per
cent in value terms for the next 10 years, as per the ‘India Cleaning Chemicals Market’ report, a study by leading global market intelligence and consulting company TechSci Research.
The report
states that the India cleaning chemicals market which was pegged at USD 2.39
billion in year 2016 will achieve the market size to the tune of USD 9.65
billion.
If you wish
to know more about this industry, request a sample report on this page: https://www.techsciresearch.com/report/india-cleaning-chemicals-market-by-product-type-laundry-floor-cleaners-etc-by-end-use-sector-residential-institutional-and-industrial-by-sale-channel-indirect-vs-direct-by-region-competition-forecast-and-opportunities/1086.html
Key factors driving growth in India cleaning
chemicals market
India is a
thriving economy holding tremendous opportunities for cleaning chemicals
companies. The country is second most populated country in the world. It is
growing fast and the pace of urbanization is simply an unbelievable one.
With these
trends the country is also facing a number of challenges. The incidence of
infections is also increasing, paving way for the rise of cleaning chemicals
industry. The rapid urbanization is coupled with fast commercialization and
millions of business establishments look for cleaning chemicals products to
meet their cleaning and hygiene requirements.
The TechSci
Research report analyzes and forecasts the market size, in terms of value
and volume, for residential cleaning chemicals market with respect to product
type such as Laundry care chemicals, Floor care chemicals, Kitchen care
chemicals, Toilet cleaners, General Purpose Cleaners etc.
Through this
report, the companies who are interested in entering the cleaning chemicals market
could also evaluate competitor pricing, average market selling prices and
margins in the India cleaning chemicals market.
Leading industry players in India cleaning
chemicals market
This
sterling market research report also helps examine the ideal market pricing,
ideal product specification and target sales channel in the India cleaning chemicals market. In addition, it profiles the leading players in the market
which are involved in the supply and manufacturing of cleaning chemicals in
India.
This
includes Hindustan Unilever, Reckitt Benckiser India, Procter & Gamble,
Diversey India, Schevaran Laboratories, Ecolab India, Satol Chemicals, Buzil
Rossari, Jyothy Laboratories, Dabur India, Haylide Chemicals, S.C. Johnson
Products, and Altret Industries Pvt. Ltd.
Due to its
high potential and vibrant growth prospects, the India chemicals industry
received the Foreign Direct Investment (FDI) of USD 8.8 billion during the
period 2000-2013. Over one third of these capital inflows were accounted for in
the last three years, beginning year 2010, as per a media report by Business
Standard.
A major amount of the foreign investments
were made by specialty chemicals manufacturers such as BASF, Dow Chemical
Company, Bayer Group, and Clariant International AG.
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