Press release
Home Care Chemicals Market Sales to Cross Value of US$ 31 Bn by 2031
Home Care Chemicals Market 2022
Growing population and rising urbanization are also expected to boost demand of home care chemicals over the coming years. The global home care chemicals market is expected to expand at a CAGR close to 5% over the assessment period of 2021 and 2031. Home Care Chemicals Market is expected to surpass revenues worth US$ 31 Bn by 2031.
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Rising demand for domestic cleaning products for floors, walls, washing dishes, cleaning clothes, etc., is expected to boost sales of home care chemicals over the coming years. Surfactants, solvents, and additives are the key types of home care chemicals that are used in the production of dishwashing, surface cleaning, and laundry care products.
Key Companies-
• BASF SE
• DOW Inc.
• Solvay S.A.
• Evonik Industries
• Clariant AG
• Huntsman International LLC
• Ashland Inc.
• Croda International Plc.
• Lubrizol Corporation
Competitive Landscape
The global home care chemicals market has been identified as a moderately fragmented space, with prominent market participants accounting for a significant share. However, they do not single-handedly dominate the market.
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Key Takeaways from Market Study
• Demand for home care chemicals is anticipated to increase at a significant growth rate over the coming years due to increasing demand from laundry care, surface cleaning, and dishwashing product manufacturing industries.
• Surfactants are anticipated to remain a key product type in the market, owing to high consumption in laundry and dishwashing applications.
• With growing demand for proper washing of clothes and fabric, consumption of home care chemicals is also expected to witness considerable growth during the assessment period.
• Asia pacific is expected to remain a key region across the global market. Presence of a fair share of key manufacturers is also driving market expansion in this region.
"Demand for surfactants is estimated to be significantly driven by the laundry and fiber care segment, as surfactants are widely utilized for the production of detergents, soaps, and conditioners," says a Persistence Market Research analyst.
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Key Questions Answered in Home Care Chemicals Market Report -
• Who are the Major Manufacturers and Suppliers of Home Care Chemicals?
• What will the Home Care Chemicals Market growth rate in Future?
• What are the key factors driving the global Home Care Chemicals Market?
• Who are the key manufacturers in Home Care Chemicals Market space?
• What are the opportunities and threats faced by the vendors in the global Home Care Chemicals industry?
• What are sales, revenue, and price analysis by regions of Home Care Chemicals industry?
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