Detergent Chemicals for Laundry Cleaning Products
The global Detergent Chemicals for Laundry Cleaning Products is expected to exhibit a CAGR of 8% during the forecast period. The global Detergent Chemicals for Laundry Cleaning Products is estimated at US$ 127.7 Billion by 2032.
The growth of the market can be attributed to the growing demand for detergents from various sectors such as personal care, cosmetics, and households. Rapid urbanization and increasing disposable income among the middle class is another vital factor that is contributing to the market expansion during the forecast period.
Players in the market are taking various initiatives to expand their reach across the globe, which is expected to bolster the market in the assessment period. For instance, in 2021, Godrej Consumer Products Limited augmented its laundry portfolio in the Indian market. In another occurrence, in 2019, HUL launched its premium fabric wash line under the ‘Love & Care’ brand. Therefore, the introduction of new products by key players is anticipated to augment the market size in the assessment period.
Request for Free Sample Copy of Detergent Chemicals for Laundry Cleaning Products@https://www.persistencemarketresearch.com/samples/33116
Increasing consciousness for the environment has motivated players to launch plant-based and eco-friendly detergents. This has been identified as a significant opportunity for market expansion in the forecast period. The Reckitt Benckiser group introduced plant-based laundry detergent on Amazon in the U.S. In another instance, in 2020, P&G India rolled out a new 3 in 1 POD under the aerial brand. Owing to the aforementioned factors, the market is anticipated to witness significant expansion in the forecast period.
On the contrary, associated health issues, volatile prices of raw materials, and the presence of environment-damaging chemicals are projected to hamper the market growth in the forecast period.
Key Companies-
- Evonik Industries AG
- Akzo Nobel N.V.
- Clariant AG
- The Stepan Company
- Ashland
- BASF SE
- Procter & Gamble
- Croda International plc
- DuPont
- Solvay S.A.
- Huntsman Corporation
Request For Customization@https://www.persistencemarketresearch.com/request-customization/33116
Key Takeaways from the Market Study:
- Market in the U.S to garner US$ 45.6 Billion during the forecast period
- By product, the surfactants segment is anticipated to dominate the market while exhibiting a CAGR of 8% in the assessment period
- Industry in the U.K is anticipated to garner a market value of US$ 5.2 Billion by 2032
- Japanese industry is expected to witness a CAGR of 7% during the assessment period
Competitive Landscape
Key players in the global detergent chemicals market are Akzo Nobel N.V., Evonik Industries AG, Clariant AG, Ashland, and The Stepan Company. Recent key developments in the market are:
- In August 2020, RB, a global leader in consumer health and hygiene products, announced the launch of Botanical Origin, a plant-based cleaning brand with products that are affordable and effective. The brand would be available on Amazon and will offer a range of laundry essentials: Laundry Detergent and Fabric Softener.
- In February 2022, McLaren Racing and AkzoNobel announced to extend their long-running partnership. The updated agreement would strengthen the successful 13-year relationship and augment new possibilities in the field of technological innovation, areas of sustainability, and product development.
Buy Now this Report@https://www.persistencemarketresearch.com/checkout/33116
Key Questions Answered in Detergent Chemicals for Laundry Cleaning Products –
- What is the CAGR of the Detergent Chemicals Market?
- Which is the Leading Region in the Detergent Chemicals Market?
- By Application, Which Segment Leads in the Detergent Chemicals Market?
- What is the Growth Estimated for the Detergent Chemicals Market by 2032?
- Which Segment Leads in the Detergent Chemicals Market by Product?
About us: –
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – [email protected]
Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084