Detergent Chemicals Market Size, Trends, Outlook, Size, Share, 2024-2033 |

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Detergent Chemicals Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.11 billion In 2028 At A CAGR Of 18.5% :

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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Detergent Chemicals Market Major Segments
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

Key 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.

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Prominent 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.

Detergent Chemicals Market Players
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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Largest And Fastest Growing Region In The Market
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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Detergent Chemicals Market Report Structure
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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