Press release
Chemical Auxiliary Agents Market: Soaring to $47.81 billion by 2029 with a CAGR of 9.0%
"Surging growth can be witnessed in the global chemical auxiliary agents market, largely driven by factors such as industrialization, agricultural expansion, and the increasing demand for specialty chemicals.
What Is The Projected Market Size Of The Global Chemical Auxiliary Agents Market And Its Growth Rate?
• Market size expected to reach $33.88 billion in 2025 from $31.17 billion in 2024 (8.7% CAGR).
• Significant growth attributed to factors like industrialization and rising demand for water treatment chemicals.
• Projected growth to $47.81 billion in 2029 at a CAGR of 9.0%, largely driven by environmental sustainability and the development of innovative materials.
What Is Driving The Growth In The Chemical Auxiliary Agents Market?
The growth in the chemical auxiliary agent market is being propelled by the rising demand for personal care products. Chemical auxiliary agents enhance product shelf life and prevent the growth of microorganisms, their use in personal care products has thus been expanding. The robust growth rates reported by sectors such as active cosmetics and consumer products affirm this trend, with the Dermatological Beauty Division of L'Oréal S.A. recording an exceptional growth rate of +21.9% like-for-like and +30.6% based on reported numbers.
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Who Are the Key Players Driving Chemical Auxiliary Agents Market Growth?
• BASF SE
• The Dow Chemical Company
• Sumitomo Chemical Co. Ltd.
• Evonik Industries AG
• Covestro AG
• Solvay SA, Arkema SA
• Akzo Nobel N.V.
• Kao Corporation
• Eastman Chemical Company, Lanxess AG
• Huntsman International LLC, Clariant AG
• Lonza Group AG, Lubrizol Corporation
• Wacker Chemie AG, Croda International PLC
• Ashland Global Holdings Inc.
• Innospec Inc., Archroma Corporation
• Pidilite Industries Limited, Kemin Industries Inc
• Fineotex Chemical Ltd., Zschimmer & Schwarz Inc.
• Camex Ltd., Ethox Chemicals LLC, Fibro Chem LLC
• Mitra Auxillary Chemicals Pvt.Ltd., SpringSeal Inc.
• Crucible Chemical Company.
What Are The Key Trends In The Chemical Auxiliary Agents Market?
• Increasing focus on green chemistry
• Demand for bio-based and sustainable chemical auxiliaries
• Adoption of smart manufacturing processes
• Emergence of personalized chemical solutions
• Integration of digital technologies in chemical production
What Are The Segments Of The Global Chemical Auxiliary Agents Market?
1) By Agent: Dispersing Agents, Separation Agents, Solvents
2) By Application: Technical Textiles, Home Furnishings, Apparel
3) By Industry: Construction, Paint, Paper, Textile, Other Industries
Which Region Leads The Chemical Auxiliary Agents Market?
Asia-Pacific was the largest region in the chemical auxiliary agents market in 2024. This is expected, as the chemical auxiliary agents market covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Chemical Auxiliary Agents Market Global Market Report?
• Market Size Analysis: Analyze the Chemical Auxiliary Agents Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Chemical Auxiliary Agents Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Chemical Auxiliary Agents Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Chemical Auxiliary Agents Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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