Detergent Chemicals Market Expected to Grow by USD

Pune India, April 29, 2022 (GLOBE NEWSWIRE) — chemical detergents market is expected to grow at a steady growth rate over the forecast period, owing to the upsurge in demand for detergents in the cosmetics, institutional and household, personal care and other end-use sectors. Detergent chemicals are a variety of surfactants that are used as a primary cleaning agent, such as laundry detergents, biological reagents, waterless soaps, and fuel additives, or as a blending element of surfactants. Detergent chemicals can be produced synthetically from petrochemicals or from oleochemicals derived from vegetable oils. Major petrochemical feedstocks include ethylene and benzene, which are derived from crude oil, while on the other hand major oleochemical feedstocks such as coconut oil and palm kernel oil.

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Key information and conclusions:

• The surfactants segment dominated the detergent chemicals market and was valued at USD 15.17 billion in 2020. This is mainly due to the widespread adoption of surfactants as detergents, wetting agents, foaming agents, dispersants and emulsifiers.
• The laundry cleaning products segment accounted for the largest market share and was valued at USD 13.52 billion in 2020. The growth of this segment is mainly driven by high consumption of laundry cleaning products in the countries developing countries such as India and China.
• The household products segment accounted for the largest market share and was valued at USD 29.39 billion in 2020. The growth of this segment is attributed to a significant rise in the middle class population across the globe coupled with a increased consumer spending on personal care and household cleaning products.
• Regions analyzed for the market include North America, Europe, South America, Asia-Pacific, Middle East & Africa. The North America region has emerged as the largest market for the detergent chemicals market and is valued at USD 13.14 billion in 2020. The growth of the detergent chemicals market in North America is primarily driven by rising consumption of chemical detergents in varied applications such as industrial cleaners, personal care and the food industry. The Europe region is expected to grow at a significant CAGR during the forecast period, owing to the rapid increase in the uses of detergent chemicals in cosmetic and personal care product formulations.

The main players operating in the world Detergent Chemicals Market BASF SE, The Dow Chemical Company, Huntsman International LLC, Nouryon, Croda International plc, Solvay SA, Clariant AG, Akzo Nobel NV, Evonik Industries AG and Unilever, among others. To enhance their market share in the global Detergent Chemicals market, the major vendors are now focusing on adopting leading strategies such as recent developments, product innovation, mergers and acquisitions, joint ventures, collaborations and partnerships.

• For example, in April 2021, BASF expanded its EcoBalanced portfolio for the cleaners and detergents industry and industrial formulators. This product expansion provides customers with more environmentally friendly and high quality solutions without compromising performance.
• In January 2019, Nouryon launched Ethylan TB345, a more durable water-miscible defoamer, which is expected to help industrial and household cleaning formulators meet growing customer needs for cost-effective, environmentally friendly products that do not compromise performances.

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Global Chemical Detergents Market by Product:

• Surfactants
• Builders
• enzymes
• Perfumes
• Bleaching agents
• Others

Global Chemical Detergents Market by Applications:

• Laundry cleaning products
• Household and commercial cleaning products
• Dishwashing products
• Personal cleaning products
• Fuel additives
• Biological reagents
• Others

Global Chemical Detergents Market by End User:

• Household
• Industrial & Institutional

Global Chemical Detergents Market by Region:

• North America
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Korea
  • South East Asia
• South America
• Middle East and Africa
  • United Arab Emirates
  • South Africa
  • Saudi Arabia

About the report:
This research report provides in-depth data on the major factors influencing the growth of the Chemical Detergents market at country and local levels, market size forecast, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country; Key company profiles, SWOT, product portfolio and growth strategies. It studies essential aspects of the market such as major participants, expansion strategies, business models, and other market characteristics to enhance understanding of the market.

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