Detergent Chemicals Market Size Trends And Growth Analysis |...

Detergent Chemicals Market Size Trends And Growth Analysis

Posted 2024-09-18 06:19:18

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Detergent chemicals are surface-active agents that are used to clean, wash, rinse and remove dirt, stains andimpurities from surfaces. They are widely used in applications such as laundry care, home care, personal care and industrial & institutional cleaning. Key ingredients used in the manufacturing of detergent chemicals include surfactants, builders, bleaches, bleach activators, enzymes, optical brighteners and fillers. Rising awareness about health and hygiene, growing middle class population fueling sales of homecare and personal care products, and changing consumption patterns are some of the factors driving the growth of the global detergent chemicals market.

The Global Detergent Chemicals Market is estimated to be valued at US$ 70.11 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Detergent Chemicals are BASF SE, The Dow Chemical Company, Huntsman International LLC, Nouryon, Croda International plc, Solvay S.A., Clariant AG, Galaxysurfactants, Vizagchemical, MahaveerSurfactantsPrivate Limited, MatangiIndustries, Godrej Industries Limited, Ultramarine Pigments Ltd, Narendra Surfactant Speciality Chemicals Pvt. Ltd., Ultreze Enzymes Pvt Ltd, Infinita Biotech, and Antozyme Biotech Pvt Ltd.

Detergent Chemicals Market Demand for bio-based and eco-friendly ingredients in formulations, use of sustainable raw materials and recyclable packaging. There is also rise in demand for specialty detergent chemicals offering multi-purpose cleaning, stain removal, germ-killing, scent boosting and other value-added functionalities.

Globally, the detergent chemicals market is expected to witness high growth in Asia Pacific due to rapid industrialization, rising incomes and increasing demand for homecare, personal care and industrial cleaning products. Furthermore, manufacturers are focusing on expanding their production capacities in developing countries to leverage low-cost operations and cater to the growing local demand.

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