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Home Care Chemicals Market Expected to Hit USD 21.9 Billion in 2023 and USD 34.6 Billion by 2033 | Persistence Market Research

04-16-2025 11:37 AM CET | Chemicals & Materials

Press release from: Persistence Market Research

Home Care Chemicals Market Expected to Hit USD 21.9 Billion

Overview of the Market

The home care chemicals market has emerged as a vital component of the global consumer goods sector, driven by the growing demand for hygiene and cleanliness across residential spaces. In 2023, global sales of home care chemicals are estimated to reach US$ 21,857.4 Mn, a noticeable increase from US$ 20,815.4 Mn in 2022. The market is forecast to grow at a CAGR of 4.7% through 2033, reaching US$ 34,599.1 Mn by the end of the forecast period.

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A key driver of this market's growth is the rising awareness about hygiene-amplified significantly by the COVID-19 pandemic. In addition, increasing urbanization, a higher standard of living, and the expansion of institutional and food service sectors have contributed to increased consumption. Among the market segments, laundry care products dominate due to their daily household use. North America is the leading region, followed closely by Europe, due to the high rate of product innovation and strong consumer awareness about health and environmental standards.

Key Highlights from the Report

• Global home care chemicals market projected to hit US$ 34.6 Bn by 2033.
• North America and Europe collectively account for over 35% of global consumption.
• Market growing at a CAGR of 4.7% from 2023 to 2033.
• Laundry care chemicals represent the largest product segment.
• Growing consumer focus on eco-friendly and biodegradable products.
• Product innovation post-COVID has become a major competitive differentiator.

Market Segmentation

The home care chemicals market is segmented by product type, including laundry care, dishwashing, surface cleaners, toilet care, air fresheners, and others. Among these, laundry care continues to lead due to its frequent usage and growing innovations in stain removal and fragrance-enhancing formulations. Surface cleaners and dishwashing chemicals are also seeing robust growth, driven by hygiene-conscious consumers and commercial applications.

By end-user segment, the market divides into residential and commercial sectors. The residential segment dominates, as personal and family hygiene remains a top priority worldwide. However, the commercial sector-particularly hotels, hospitals, and institutional kitchens-is quickly catching up, creating a strong demand for bulk and industrial-grade formulations.

Regional Insights

In North America, the market benefits from widespread product innovation and the presence of established industry players. The United States contributes significantly due to consumer demand for sustainable and multi-functional home care products.

Europe holds a strong position in the market thanks to stringent environmental regulations and rising interest in biodegradable and natural alternatives. Countries like Germany, the UK, and France lead the region with a high concentration of eco-conscious consumers.

Market Drivers

The primary market driver is the rising consumer awareness regarding hygiene and the importance of maintaining clean living spaces, particularly after the global pandemic. Additionally, growing disposable incomes in developing regions are encouraging consumers to invest in premium home care products.

Market Restraints

One of the key restraints in the market is the increasing concern about the environmental impact of synthetic chemicals used in home care products. Regulatory scrutiny and consumer demand for transparency in ingredients are pushing manufacturers to rethink their formulations, potentially increasing production costs.

Market Opportunities

There is a significant opportunity in the eco-friendly and plant-based product segment. Companies investing in green chemistry, zero-waste packaging, and refillable containers are well-positioned to capitalize on the rising trend of sustainability. Furthermore, expanding into emerging markets with rising urban populations presents a large untapped potential.

Reasons to Buy the Report

✔ In-depth analysis of current trends, market size, and growth forecasts through 2033.
✔ Clear segmentation by product, end-user, and geography to guide business strategies.
✔ Insights on leading players and their strategic developments in the home care sector.
✔ Evaluation of sustainability trends and their long-term impact on product demand.
✔ Access to reliable statistics and historical data from 2017 to 2022 to benchmark progress.

Frequently Asked Questions (FAQs)

How Big is the Home Care Chemicals Market?
What is the Projected Growth Rate of the Home Care Chemicals Market?
Who are the Key Players in the Global Market for Home Care Chemicals?
What is the Market Forecast for Home Care Chemicals for 2032?
Which Region is Estimated to Dominate the Home Care Chemicals Industry through the Forecast Period?

Company Insights

Key Players in the Home Care Chemicals Market:

1. BASF SE
2. The Dow Chemical Company
3. Solvay SA
4. Stepan Company
5. Ashland Global Holdings Inc.
6. Evonik Industries AG
7. Clariant AG
8. Croda International Plc
9. Huntsman Corporation
10. Henkel AG & Co. KGaA

Recent Developments:

• BASF SE launched a new line of biodegradable surfactants in 2023, targeting the eco-conscious home care segment.

• Henkel expanded its production facilities in North America to meet growing regional demand for sustainable household care products.

Conclusion

The global home care chemicals market is on a steady growth trajectory, bolstered by changing consumer habits, heightened awareness of hygiene, and a strong push toward sustainability. With technological advancements in formulations and packaging, alongside evolving regulatory frameworks, industry stakeholders must continue innovating to remain competitive. As demand rises across residential and commercial sectors, particularly in emerging economies, the future of the market looks both dynamic and promising.

Contact Us:

Persistence Market Research
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Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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