The detergent chemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Detergent Chemicals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The detergent chemicals market size has grown strongly in recent years. It will grow 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.
The detergent chemicals market size is expected to see strong growth in the next few years. It will grow to $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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Scope Of Detergent Chemicals Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Detergent Chemicals Market Overview
Market Drivers –
The growth of the textile industry is expected to propel the growth of the detergent chemicals 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. For instance, in March 2022, according to a report published by EURATEX, a Belgium-based organization that represents the textile and clothing industry in the EU, the textile and garment sector in the EU-27 region generated $152.72 billion (€147 billion) in 2021, an 11% growth over the last year. Therefore, the growth in the textile industry is driving the detergent chemicals market.
Market Trends –
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. For instance, in February 2022, Clariant, a Switzerland-based chemicals company operating in the detergent chemicals market launched Vita 100% bio-based surfactant and poly-ethylene glycol, which will address climate change indirectly. The bio-based substance is segregated from the field to the end consumer product along the supply chain. The bio-based feedstocks are used, the ingredients have a lower carbon footprint than their other alternatives, Clariant-Vita surfactants can help save up to 85% of CO2 emissions.
The detergent chemicals market covered in this report is 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
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Regional Insights –
North America was the largest region in the detergent chemicals market in 2023. The regions covered in the detergent chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the detergent chemicals market report are 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.
Table of Contents
1. Executive Summary
2. Detergent Chemicals Market Characteristics
3. Detergent Chemicals Market Trends And Strategies
4. Detergent Chemicals Market – Macro Economic Scenario
5. Global Detergent Chemicals Market Size and Growth
…
31. Global Detergent Chemicals Market Competitive Benchmarking
32. Global Detergent Chemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Detergent Chemicals Market
34. Detergent Chemicals Market Future Outlook and Potential Analysis
35. Appendix
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