Detergent Chemicals Market Report 2024: Strategies And Recent Developments | BASF SE, The Dow Chemical Company, Huntsman International LLC, Croda International plc, Solvay Société Anonyme

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2247

The Business Research Company offers in-depth market insights through Detergent Chemicals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - Textile Industry Surge Propels Detergent Chemicals Market Growth
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.

Competitive Landscape:
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.

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Top Trend - Leading Innovation In Detergent Chemicals With Bio-Based Surfactants
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Detergent Chemicals Market Characteristics
3. Detergent Chemicals Market Trends And Strategies
4. Detergent Chemicals Market - Macro Economic Scenario
5. Detergent Chemicals Market Size And Growth
…..
27. Detergent Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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