The cleaning compounds market in Sweden has experienced fluctuating volumes over the past decade. From 2013 to 2023, the market saw a mix of growth and decline, peaking in 2013 at 145.02 million kilograms and reaching its lowest in 2023 at 111.28 million kilograms. The recent two-year period (2022-2023) showed significant contraction with a -15.78% decline in 2022 followed by a -3.55% decline in 2023. This highlights an accelerating downward trend. The five-year cumulative average growth rate (CAGR) from 2019 to 2023 is -4.65%, indicating a sustained decrease in market volume.
Future trends to watch for include an ongoing decline in the market as forecasted with a five-year CAGR of -3.14% from 2024 to 2028. The market is expected to reduce further from 107.22 million kilograms in 2024 to 91.392 million kilograms by 2028, marking a gradual yet consistent decrease. Stakeholders should monitor innovations in eco-friendly cleaning products and shifts in consumer behavior towards sustainability, which may alter market dynamics.
