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Detergent Alcohols Market: What are the main applications and challenges?
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Detergent Alcohols Market By Source, 2014-2025 (Kilo Tons) (USD Million)
• Natural
• Synthetic
Detergent Alcohols Market By Application, 2014-2025 (Kilo Tons) (USD Million)
• Household detergent
• Industrial cleaner
• Plastic processing
• Wastewater treatment
• Lubricant additive
• Personal care
• Textile coating
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Detergent alcohols owing to its polymerization assisting property is used in plastic and polymer processing industries. Global plastics market size is projected to grow over 4.0% by 2025. Increasing plastics demand for manufacturing light weight electric vehicles will positively impact detergent alcohols market growth.
Detergent alcohols functions as a derivative for numerous household detergent products including laundry and hard surface cleaners. The product owing to its surfactant properties is used to clean metal surfaces and fabrics. Global liquid detergent industry size is expected to grow over 5% by 2025. Rising awareness for maintaining hygiene to control harmful bacteria and dirt borne diseases will foster household detergents demand which in turn will boost detergent alcohols market growth.
Asia Pacific market driven by South Korea, Japan, India, and China Detergent Alcohols Market size may fuel owing to growing personal hygiene awareness in the region. Indian laundry detergents market is projected to grow over 4.5% by 2023. The product owing to surface tension decreasing properties is used for manufacturing cleaners, disinfectants, and detergents. Increasing washing machine penetration in the region will foster detergents demand which will enhance detergent alcohol industry size.
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Global detergent alcohols market share is moderately fragmented with major players includes BASF SE, SABIC, SASOL, Ecogreen Oleochemicals, Kao Corporation, Royal Dutch Shell, Godrej Industries and Procter & Gamble. Manufacturers are focusing on expansion by implementing strategic alliance, joint ventures and mergers & acquisitions due to growing product applications in industrial, household, and lubricant industry which may stimulate market growth.
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