Press release
Growing Demand For Personal Care Products Fuels Expansion Of The Chemical Auxiliary Agent Market Driving Market Acceleration in the Chemical Auxiliary Agents Industry, 2025
Chemical Auxiliary Agents
How Large Will the Chemical Auxiliary Agents Market Size By 2025?
There has been considerable expansion in the size of the chemical auxiliary agents market in the most recent years. The market will increase from $31.17 billion in 2024 to reach $33.88 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.7%. This growth during the historical period can be attributed to several factors, including industrial growth, the expansion of manufacturing sectors, a surge in demand for water treatment chemicals, the proliferation of agricultural activities, and the globalization of chemical markets.
How Big Is the Chemical Auxiliary Agents Market Size Expected to Grow by 2029?
The market for chemical auxiliary agents is predicted to experience significant expansion in the coming years, reaching an estimated value of $47.81 billion in 2029 with an annual compound growth rate of 9.0%. This projected growth within the prediction timeframe can be credited to growing environmental sustainability awareness, the surge in demand for specialty chemicals, the growth of the food and beverage sector, the expanding utilization of chemical auxiliaries in the pharmaceutical industry, and the creation of innovative materials. Upcoming trends for the forecast period are an intensified concentration on green chemistry, increasing demand for bio-based and sustainable chemical auxiliaries, the implementation of smart manufacturing methodologies, the birth of tailored chemical solutions, and the inclusion of digital technologies in chemical manufacturing.
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Which Key Market Drivers Powering Chemical Auxiliary Agents Market Expansion and Growth?
The growth of the chemical auxiliary agent market is anticipated to be fueled by surging demand for personal care products. Personal care products are composed of various self-care commodities used for personal cleanliness, hygiene, and grooming. Chemical auxiliary agents are added to improve these products by inhibiting microbial growth and extending their lifespan. L'Oréal S.A., a French personal care firm, reported in February 2023 that sales of consumer products had risen from 11.8% to 14.6%, and active cosmetics had increased from 28.0% to 30.6%, from the fourth quarter of 2022 to December 31, 2022. Moreover, the Dermatological Beauty Division ended the year with an extraordinary growth rate of +21.9% on a like-for-like basis, and +30.6% based on reported figures. Hence, the mounting demand for personal care products is a significant driving factor in the expansion of the chemical auxiliary agent market.
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Which Fast-Growing Trends Are Poised to Disrupt the Chemical Auxiliary Agents Market?
The rise of product innovation stands as a predominant trend in the chemical auxiliary agent market. Leading firms in this sector are focusing on developing novel products in order to solidify their market presence. To illustrate, in June 2022, Cosmo Specialty Chemicals, a specialty chemical production company from India, unveiled Silky SF, a cationic softener. This softener is recommended as a finisher for diverse fabric types, particularly cotton, due to its ability to enhance the smoothness of the material. When applied as a finishing agent, it imparts a flexible, fluffy, soapy, and voluminous texture to the fabric. This finisher can be applied through exhaust and pad tactics to increase the fabric's slipperiness.
What Are the Emerging Segments in the Chemical Auxiliary Agents Market?
The chemical auxiliary agents market covered in this report is segmented -
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
Subsegments:
1) By Dispersing Agents: Anionic Dispersants, Cationic Dispersants, Non-Ionic Dispersants, Amphoteric Dispersants
2) By Separation Agents: Flotation Agents, Filtration Agents, Extraction Agents
3) By Solvents: Organic Solvents, Inorganic Solvents, Water-Based Solvents
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Who Are the Global Leaders in the Chemical Auxiliary Agents Market?
Major companies operating in the chemical auxiliary agents market include 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.
Which are the Top Profitable Regional Markets for the Chemical Auxiliary Agents Industry?
Asia-Pacific was the largest region in the chemical auxiliary agents market in 2024. The regions covered in the chemical auxiliary agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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