MarkNtel Advisors presents a comprehensive research report on the Saudi Arabia Industrial and Institutional Cleaning Chemicals Market Size, Share, Analysis, Future expected to reach CAGR of 5.40% by 2027. Delving into thorough analysis of the industry’s changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.
Unlocking Market Insights: Exploring Key Aspects in the Saudi Arabia Industrial and Institutional Cleaning Chemicals Market Report (2022-2027)
- It analyses the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
- The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
- Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
- To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
- The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.
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Key Driver: Increasing Construction of Hospitals to Boost the Demand for the Cleaning Chemicals
The Saudi Arabia government has increasingly focused on the development of its healthcare sector, and the country accounts for approximately 60% of the healthcare expenditure of Gulf Cooperation Council (GCC) countries, as per International Trade Administration (ITA). The investments include various development in the healthcare sector, such as the construction of hospitals, spending on chemicals for providing a clean and hygienic environment to the patients, etc. Hence, the rising construction of healthcare buildings has propelled the demand for chemical disinfectants during 2017-2021. For instance:
- In 2022, a contract was signed between Alf Healthcare & Steward Health Care International for the development of a new hospital by the Red Sea Development Company. The hospital is expected to provide medical services to almost 14,000 visitors.
Possible Restraint: Strict Government Regulations Regarding the Usage of Certain Chemicals to Restrict the Market Growth
Industrial and institutional cleaning chemicals are disposed to various environmental & governmental regulations due to their volatile organic compounds content as they are toxic when inhaled. The government of Saudi Arabia banned certain chemicals, including hand sanitizers, disinfectants, etc., in order to protect their population from the harmful side effects of chemical content present in it. In 2020, the Saudi Food and Drug Authority (SFDA) warned consumers against the use of Clean Touch Hand Sanitizer Gel due to the excess presence of Isopropyl alcohol in it. The SFDA had taken necessary actions to ban the product in the Kingdom & take legal steps against non-compliance.
Thus, the government of Saudi Arabia put strict regulations on the usage of certain cleaning chemical products that have adverse effects on the health of the consumers in Saudi Arabia. Consequently, due to strict regulations, several cleaning chemicals could not enter the market of Saudi Arabia, thereby restricting the market growth of Industrial and Institutional cleaning chemicals.
The competitive landscape of the Saudi Arabia Industrial and Institutional Cleaning Chemicals Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market’s competitive landscape.
-Akzo Nobel N.V.
-Henkel AG & Co. KGaA
-Huntsman International LLC
-National Chemical Laboratories Inc.
-Procter & Gamble
-Spartan Chemical Company Inc.
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Segmentation Unveiled: Analyzing Saudi Arabia Industrial and Institutional Cleaning Chemicals Market’s Expansion and Mapping Demand, and Distribution across Geographies
-Others (Phosphates, Biocides, etc.)
By Product Type
-Floor Care Products
-Disinfectants & Sanitizers
-Laundry Care Products
-Others (Ware washing Detergents, General Purpose Cleaners, etc.,)
By End User
-Food & Beverage
-Others (Fabricated Metal Products, Educational Institutes, etc.,)
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On the geographical front, the Saudi Arabia Industrial and Institutional Cleaning Chemicals Market expands across:
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