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Chemical Auxiliary Agents Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Chemical Auxiliary Agents
What Is the Forecasted Market Growth Rate of the Chemical Auxiliary Agents Industry?
In the previous years, the chemical auxiliary agents market has witnessed substantial growth. The market, which stands at $31.17 billion in 2024, is projected to escalate to $33.43 billion in 2025, at a compound annual growth rate (CAGR) of 7.2%. The significant growth during the historical period is due to factors such as industrialization, expansion in manufacturing sectors, increased need for water treatment chemicals, enlargement of agricultural activities, and the globalization of chemical markets.
How Will the Chemical Auxiliary Agents Market Size Evolve From 2025 to 2029?
The market size of chemical auxiliary agents is anticipated to witness significant growth in the coming years. It is projected to reach $46.73 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. This growth during the forecast period is ascribed to the increasing awareness about environmental sustainability, the escalating demand for specialty chemicals, the growth of the food and beverage sector, the elevated usage of chemical auxiliaries in the pharmaceutical industry, as well as the creation of innovative materials. In the forecast period, the trend will shift towards green chemistry, demand for bio-based and sustainable chemical auxiliaries, embracing smart manufacturing methods, the advent of tailored chemical solutions, and the integration of digital advancements in chemical manufacturing.
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What Are the Main Growth Drivers in the Chemical Auxiliary Agents Market Today?
The chemical auxiliary agent market is predicted to experience growth due to the escalating demand for personal care items. These are self-care products that are implemented for personal hygiene, cleansing, and grooming purposes. Chemical auxiliary agents are incorporated into these personal care items to inhibit the growth of microorganisms and extend the product life. For example, L'Oréal S.A., a personal care company based in France, reported that the sales of consumer products rose from an 11.8% to 14.6% and active cosmetics saw an increase from 28.0% to 30.6% from the 4th quarter of 2022 until December 31, 2022. Moreover, in a remarkable feat, the Dermatological Beauty Division ended the year with an impressive growth rate of +21.9% like-for-like and +30.6% according to reported figures. Hence, the flourishing demand for personal care products is catalyzing the expansion of the chemical auxiliary agent market.
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Which Chemical Auxiliary Agents Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Chemical Auxiliary Agents Industry Growth?
The trend of product innovation is growing in popularity in the chemical auxiliary agent market. In order to solidify their market positions, leading corporations focusing on the production of chemical auxiliary agents are heavily investing in the development of pioneering solutions. For example, Cosmo Specialty Chemicals, a specialty chemical producer from India, announced the launch of Silky SF, a cationic softener, in June 2022. This novel product, recommended as a finishing touch to a wide range of fabrics especially cotton, imparts a smooth finish to the fabric surface. Upon application, it transforms the fabric's physical texture into a supple, fluffy, soapy, and voluminous surface. Applying this unique finish via an exhaust and pad method enhances the slipperiness of the fabric.
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Which Companies Hold the Largest Market Share in the Chemical Auxiliary Agents Sector?
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.
Where Is the Chemical Auxiliary Agents Market Experiencing the Highest Growth?
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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