Home Care Chemicals Market is anticipated to reach US$ 21.85 Bn, expanding at a robust 4.7% CAGR during the forecast period of 2023 to 2033

The home care chemicals market is a significant segment within the chemicals industry, driven by the increasing demand for cleaning and maintenance products for household applications. Home care chemicals encompass a wide range of substances used in the formulation of cleaning agents, disinfectants, laundry detergents, air fresheners, and other household products. These chemicals play a crucial role in maintaining cleanliness, hygiene, and a pleasant living environment in homes.

Newly released data on the Home Care Chemicals market shows that global sales are expected to reach around US$ 21,857.4 Mn by the end of 2023. The demand for Home Care Chemicals is projected to register a growth rate of about 4.7% during the forecast period of 2023 to 2033.

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One major factor contributing to the growth of the home care chemicals market is the rising awareness and importance of cleanliness and hygiene. Consumers are increasingly conscious of maintaining a clean and healthy living space, which has led to a higher demand for effective cleaning and disinfecting products. Home care chemicals provide solutions to tackle various household cleaning needs, including surface cleaning, stain removal, and odor control.

Companies

BASF SE
Ashland Inc.
Solvay S.A.
Evonik Industries AG
Henkel Corporation
Unilever plc
Clariant AG
Croda International
Lubrizol Corporation
Huntsman Corporation
The Dow Chemicals Company
SWISSOL CHEMICALS (I) PVT.LTD.
Elixir Home Care Pvt. Ltd.
LAKURA Chemical Company
Wilson Chemical
Dimachem

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Furthermore, the growing urban population, changing lifestyles, and busy schedules have increased the reliance on convenience and time-saving products. Home care chemicals, such as multi-purpose cleaners and quick-dissolving laundry detergents, offer efficiency and convenience in performing household tasks. The demand for products that simplify cleaning processes and reduce the time and effort required has contributed to the expansion of the home care chemicals market.

Moreover, the increasing focus on sustainability and environmental responsibility has influenced the development of eco-friendly home care chemicals. Consumers are seeking products that are biodegradable, non-toxic, and have minimal impact on the environment. Manufacturers are investing in research and development to formulate home care chemicals that are safer for both users and the environment, promoting a shift towards sustainable cleaning practices.

Geographically, the home care chemicals market is witnessing significant growth across various regions. Developed economies, such as North America and Europe, have well-established markets due to the high consumer awareness and demand for quality home care products. Emerging economies in Asia Pacific, Latin America, and the Middle East are also experiencing growth, driven by urbanization, increasing disposable incomes, and changing consumer preferences.

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Key Segments Covered in Home Care Chemicals Market Research

By Product Type

Surfactants
Solvents
Additives
Others

By Application

Hard Surface Cleaning
Dishwashing
Laundry Care
Others

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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This release was published on openPR.