The Global Detergent Chemicals Market was valued at USD 52.3 Bn in 2020 and is expected to reach USD 96.5 Bn by 2027, with a growing CAGR of 9.1% during the forecast period.
Detergent chemicals can be defined in a variety of ways. A material or a mixture containing soaps and/or surfactants (any organic substance/mixed) for washing and cleaning operations is known as detergent. Some of the chemicals used for manufacturing detergent include 1,4-dioxane, sodium lauretha sulphate, bleach, formaldehyde, phosphates, synthetic fragrance, & others. Detergents come in a variety of formats, including classic powders, unit dose pills, concentrated liquids, liquid capsules, pastes, and cakes, and are available in a variety of varieties to fulfil customers' cleaning, skincare, and fabric care demands. Soaps and detergents must have certain chemical structures in order to function as detergents (surface-active agents): their molecules are hydrophobic (water-insoluble).
Increasing demand for detergents from the laundry sector is anticipated to boost the market growth. For instance, in Europe, laundry detergents of value 15 billion euros were sold in 2020. The rapid speed of global industrialization is the major growth factor of the global detergent chemicals industry. Additionally, technological advancements have been propelling the industry. The majority of market suppliers are putting a strong emphasis on polymer technology research and development in order to provide additional value to detergent formulators. Another prominent development in the industry is the increased emphasis on green cleaning products and processes. These processes employ environmentally friendly components rather than volatile organic compounds, which can cause dermatological and respiratory problems.
Industrialization coupled with immense infrastructural developments is expected to boost the detergent chemicals market demand. In the Middle East, African countries such as Djibouti, Niger, Chad, and others. Such developments tend to increase in new expatriates that lead to the inclusion of new daily market needs such as grocery, laundry, and other household equipment’s. Kenya is building a $14.5 billion technology city in Machakos county in order to recruit digital talent and investors to help drive the country's economic progress. Konza City, approximately 64 kilometres south of Nairobi, is modelled after Silicon Valley in the United States, earning it the moniker "African Silicon Savanna. “The 1,400-kilometer Lagos-Calabar railway, which will cost $10 billion to build, is one of Africa's largest infrastructural projects. Such industrialization progress is intended to support the detergent chemicals market share.
By Product
By End-use
By Region
The unique insights provided by this report also include the following:
Based on product, the surfactants segment accounted for the largest market share in the overall detergent chemicals market as surfactants are frequently used as detergents, wetting agents, dispersants, foaming agents, and emulsifiers due to their surface tension property
Surfactants are a diverse group of chemicals that reduce surface tension between two interacting liquid-solid, gas-liquid, or liquid-liquid surfaces. They are used in oil recovery process in refineries. For instance, according to the Organization of Petroleum Exporting Countries (OPEC), global oil demand was estimated to be 86.5 Mb/d in 2015, and due to population growth and an increase in the number of vehicles expected in the future, demand for oil is expected to grow at a rate of 0.6 percent per year by 2040, resulting in a demand of 100.7 Mb/d. Surfactants are now used in this procedure, which is driving the expansion of the detergent chemicals market.
Based on end-use, the laundry products segment accounted for the largest market share in the overall detergent chemicals market
The laundry products segment was accounted for the largest market share for global market in the year 2020. Laundry detergents are becoming more popular because they can be metered automatically into the washing machine, impart softness, antistaticity, and resiliency to fabrics, are gentle on the eyes and skin and have good water dispersibility. The sale of laundry detergent is a big industry because it is consumed when it is used. There are many various types and brands of laundry detergent available, with many of them touting unique features as selling advantages. For instance, liquid detergents of worth 5 billion Euros were sold in Europe in 2020.
Based on regions, the market for detergent chemicals in North America accounted for the largest share in 2020 owing to extensive technological advancements in detergent chemicals market, followed by Asia Pacific and Europe
Geographically, North America is estimated to dominate the detergent chemicals market in forecast period. Over the projected period, the market is likely to be driven by rising consumption of detergent chemicals in applications such as personal care, industrial cleaning, and food processing. Moreover, according to a study published in the Journal of the American Oil Chemists' Society, North America produces a considerable portion of the world's soaps and detergents, which are considerably an important applications for detergent chemicals. Due to the strong presence of key competitors in the region, such as Nouryon, Huntsman International LLC, and Croda International Plc, the market in the region is extremely fragmented. For instance, Procter & Gamble's North American fabric care division, one of the world's major detergent manufacturers and by far the detergent chemicals market leader in North America. P&G research that shows liquids and powders are "neck and neck" in terms of global sales. According to the company, they both have a 41– 45% market share in terms of value.
The report also provides an in-depth analysis of Detergent Chemicals market dynamics such as drivers, restraints opportunities and challenges
Drivers
Restraints
Opportunities
Note: Challenges along with in-depth market dynamics analysis is mentioned in the report.
The outbreak of novel coronavirus has majorly affected the detergent chemicals market. Cleaning product demand for family, individual, and industrial consumers has risen dramatically as a result of Covid 19. The transmission of coronavirus was supposed to be slowed by keeping the living environment hygienic and clean. As a result, spending, particularly in homes, has increased dramatically. Detergents and disinfectants were also in great demand in 2020 in major services and businesses such as government offices, meals, and pharmaceuticals. In addition, the pandemic, which is still ongoing in 2021. To address the ever-increasing need for cleaning supplies. Leading global and regional companies like P&G and the Unilever Group have increased their production capacities.
The report also provides in-depth analysis of key trends in Detergent Chemicals market
The report also provides an in-depth analysis of recent news developments and investments
Company Profiles and Laundry Products
The key players operating in the detergent chemicals market are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.
Research Methodology
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