Detergent Chemicals Market size was valued at USD 59.2 Billion in 2023 and is set to cross USD 137.6 Billion by the end of 2036, registering more than 7.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of detergent chemicals is estimated at USD 69.7 Billion.
The growth of the market is a result of hygiene awareness and the increasing urban population in developed and underdeveloped countries. Urbanization is on the path of expansion as World Bank studies have suggested that by 2050, 7 out of 10 people will choose to live in urban areas due to the quality of life available.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
7.9% |
|
Base Year Market Size (2023) |
USD 59.2 billion |
|
Forecast Year Market Size (2036) |
USD 137.6 billion |
|
Regional Scope |
|
Product (Surfactants, Enzymes, Builders, Bleaches)
Surfactants segment is predicted to account for around 37% detergent chemicals market share by 2036. The segment growth can be ascribed to the use of surfactants in households to even pharmaceuticals. Depending upon the type of surfactants, which are, anionic, cationic, nonionic, and zwitterionic, they find their specific applications in various departments. They are used in the manufacture of laundry detergents, beauty products, textile softeners, etc. They are even put to use as a wetting agent. The word surfactant is short for surface-acting agent which is self-explanatory. It enables an action on the surface of the material one is trying to clean. Laundry and dishwashing detergents contain the highest amount of surfactant, as they provide a superior lathering and cleaning action to clear out various contaminants, and also preserve and amplify the appearance of the objects. The global laundry detergent market is anticipated to surpass USD 150 billion. This fact focuses on the prospects of growth of surfactants as a raw material in this industry. The surfactants used in the machine washing products have comparatively lower surfactant levels so as to not affect the efficiency of the equipment.
Application (Dishwashing, Household Cleaning, Laundry Cleaning, Soaps)
By the end of 2036, laundry cleaning segment is estimated to capture around 30% detergent chemicals market share. The segment growth can be attributed to the high global population and their preference not only to maintain personal hygiene via the use of laundry detergents but also to preserve the health of the clothes to not damage them in the long run. There are detergents in the market that have evolved to handle different kinds of stains and provide precise cleaning action. They contain a combination of enzymes, surfactants, and other chemicals to gently remove the stains and not destroy the fabric. In recent times, different laundry cleaning agents are designed as per the hardness of water. Determined by the solid or liquid form of detergent, different additives are employed to employ different cleaning actions. Liquid detergents are usually more expensive than solid ones due to their pre-dissolved property. The laundry care market is witnessing steady growth at a CAGR of 3.14% which translates into a larger space for the proliferation of the detergent chemicals market.
Our in-depth analysis of the global market includes the following segments:
|
Product |
|
|
Application |
|
North America Market Statistics
The North America region in detergent chemicals market is anticipated to dominate revenue share of over 48% by 2036. The market growth in the region is also expected on account of expansion in the market of more eco-friendly detergent chemicals to maintain the ecological balance of nature, and not experience the adverse effects of the chemicals.
In the U.S., major market players are investing heavily in R&D to produce more skin-friendly and allergy-friendly detergent chemicals to safeguard the health of the customers. The multifarious application of detergent chemicals is another aspect that has kept their demand on an upward trajectory for many years in the past and even in the future. This market is also expected to grow in the region owing to the rising attention to developing child-safe products, from detergent to skincare. The U.S., being a developed country, has customers aware of the importance of hygiene and the steps to take to make daily living safer and disease-free. The growing population requires further cleaning solutions. With an annual revenue of USD 15.84 billion in the department of laundry agents in this region, the scope for broadening the market is high. The latest innovations in the different personal care and hygiene products, with specified benefits, are the market drivers of detergent chemicals for Canada.
APAC Market Analysis
By 2036, APAC region in detergent chemicals market is predicted to capture over 29% revenue share due to the region being highly populated and urgent requirement of detergent chemicals to meet the increasing hygiene demands of the mushrooming population.
China, alongside witnessing a population explosion, is also undertaking various initiatives backed by governments and not-for-profits, to promote hygiene awareness in the rural areas. This calls for an increased supply of various laundry cleaning agents and personal care products to meet the multiplying demands. Personal care product use is also witnessing a jump in this country due to the vast promotions of these products. There is also limelight on the initiatives to provide eco-friendly products that do not harm aquatic life and provide a similar end result. The increase in disposable income in the region also plays a key role in customer’s demands to experience the best laundry and personal care products in the market per their particular requirement. Even the rural population is well-acquainted with the technology of the washing machine, which makes way for the further demand for laundry detergents created specifically for the machines. As of 2023, disposable income has gone up by 6.3%, which is only expected to swell further in the coming decade, and allow for the growth of the detergent chemicals market due to their superior sanitary qualities.
Industry leaders are focused on tackling climate change and developing technologies to make daily living as eco-friendly as possible. Many R&Ds are underway to further make detergent chemicals not only safer for the environment but also negate the potential risks to the users.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?