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Detergent Chemicals Global market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company's Detergent Chemicals Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, October 17, 2024 /EINPresswire / -- The detergent chemicals market has experienced robust growth in recent years, expanding from $63.17 billion in 2023 to $68.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to population growth and urbanization, rising hygiene awareness, industrial development, economic expansion, shift in consumer lifestyles.
What Is The Estimated Market Size Of The Global Detergent Chemicals Market And Its Annual Growth Rate?
The detergent chemicals global market is projected to continue its strong growth, reaching $98.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to pandemic impact and hygiene practices, competitive strategies and brand loyalty, consumer education and awareness, affordability and price sensitivity, health and hygiene awareness campaigns, supply chain optimization. Major trends in the forecast period include eco-friendly formulations, biodegradable ingredients, plant-based and natural products, concentrated and efficient formulations, smart packaging and dispensing.
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Growth Driver Of The Detergent Chemicals Market
The growth of the textile industry is expected to propel the growth of the market going forward. The textile industry is a firm that is involved in the research, design, advancement, production, and distribution of textiles, fabrics, and clothing. Textile detergent is suitable for scouring, eliminating sizing materials and oil from fabrics, and washing textile fabrics. Additionally, rapid urbanization, along with increased consumer disposable income, has boosted the demand for detergent chemicals by raising awareness of personal hygiene.
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Which Market Players Are Driving The Detergent Chemicals Market Growth?
Key players in the detergent chemicals market include BASF SE, The Dow Chemical Company, Huntsman International LLC, Croda International plc, Solvay Société Anonyme, Clariant AG, Akzo Nobel N.V., Nouryon Industrial Chemicals, Unilever plc, Evonik Industries AG, The Procter & Gamble Company, Stepan Company, Novozymes A/S, International Detergent Chemicals Ltd., E. I. du Pont de Nemours and Company, Ashland Global Holdings Inc., Galaxy Surfactants Pvt Ltd., Godrej Industries Limited, Kao Corporation, Lion Corporation, P&G Chemicals, Sasol Limited, Vinayak Ingredients Pvt. Ltd., Chemithon Enterprises Inc., Enaspol Inc., Nease Co. LLC, Pilot Chemical Company, 3V Sigma USA Inc., Ultra Group of Companies, Zanyu Technology Group Co. Ltd., Isagro Asia Agrochemicals Pvt. Ltd.
What Are The Emerging Trends Shaping The Detergent Chemicals Market Size?
Bio-based surfactants are the key trends gaining popularity in the detergent chemicals market. Green cleaning chemicals are produced from environmentally friendly ingredients and are safe for both humans and the environment. They are made of plant-based enzymes and do not contain any chemical compounds. Major companies operating in the industrial cleaning chemical market are focused on developing new technological solutions to strengthen their market position
How Is The Global Detergent Chemicals Market Segmented?
1) By Product: Surfactants, Builders And Fillers, Enzymes, Fragrances, Bleaching Agents
2) By Form: Solid Detergents, Liquid Detergents
3) By Application: Laundry Cleaning Products, Household And Commercial Cleaning Products, Personal Cleaning Products, Dishwashing Products, Fuel Additives, Biological Reagents
Geographical Insights: North America Leading The Detergent Chemicals Market
North America was the largest region in the detergent chemicals market in 2023. The regions covered in the detergent chemicals global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Detergent Chemicals Market Definition
Detergent chemicals are amphipathic compounds with polar or charged hydrophilic groups attached to the ends of lipophilic hydrocarbon groups. Detergents can align at aqueous or non-aqueous interfaces, resulting in lower surface tension, greater miscibility, and emulsion stabilization.
Detergent Chemicals Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global detergent chemicals market report covering trends, opportunities, strategies, and more
The Detergent Chemicals Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on detergent chemicals market size, detergent chemicals market drivers and trends, detergent chemicals market major players, detergent chemicals competitors' revenues, detergent chemicals market positioning, and market growth across geographies. The detergent chemicals global market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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