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.
Author Credits: Rajrani Baghel
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