Detergent Chemicals Market Trends

  • Report ID: 6250
  • Published Date: Jun 21, 2024
  • Report Format: PDF, PPT

Detergent Chemicals Market Trends

Growth Drivers

  • Application of detergent materials in fabric softeners - Customers prefer multifunctional products when it comes to cleaning and utility due to the time and cost-saving benefits. Fabric softeners are necessary for the upkeep of the clothes. But when detergents themselves come equipped with their own fabric softening abilities, it attracts customers who wish to invest only in multitasking products and get the output they desire. The clothing market currently stands at an enormous USD 1.7 trillion, which only highlights the customers’ interest in spending on improving their appearance. The upkeep of these clothes is also crucial and it is dependent upon good-quality detergents, with lifestyles focusing on the external presentation, the quality of the clothes one wears takes the front seat, and this aspect is expected to be the driving factor behind the scaling up of the detergent chemicals market.
  • Extensive institutional application of detergent chemicals - Detergent chemicals find their crucial use in hospitals, food and beverage industries, hospitality, that is exceedingly focused on maintaining hygiene, wherein lack of hygiene does not just affect one individual, but a large number of people in whole. These places also require specialized formulations including detergent and industrial cleaning chemicals,  to provide a more intensive cleaning action. This includes personal hygiene as well as the hygiene of the surroundings which encompasses clothes, regularly touched surfaces, and the like. Even for the at-home patients, maintaining a sanitized environment is critical. As per UNICEF study in 2022, 4.6 billion people have access to hygiene and proper sanitation. This number has been steadily on an uptick due to various government initiatives putting the spotlight on the perils of being unhygienic. This aspect is another growth driver of the detergent chemicals market.
  • Growth in personal care products Personal care products like body washes, soaps, shampoos, etc also employ detergent chemicals to get rid of dirt, and surface bacteria, and encourage personal hygiene. Most of the well-performing products in the market contain a certain amount of detergent chemicals. It is estimated to be a USD 646.2 billion market. It ascertains the growth of detergent chemicals due to the high demand for personal care products as a result of various celebrity endorsements and social media influence to try new personal care products for a fresher experience.

Challenges

  • Possible health hazards Prolonged exposure to detergent chemicals may cause detrimental effects on our health. It may lead to skin, eye, or respiratory issues, which might pose a major problem, especially for children. Detergent chemicals have also been associated with environmental disruptions by becoming a threat to the ecosystem. The action of detergent chemicals is to lower the surface water tension. This becomes a problem as this activity facilitates the entry of organic chemicals which can disrupt aquatic life.
  • Environmental awareness - An increased inclination has been observed towards the use of eco-friendly, natural and sustainable detergent options in the market as a result of the rising consumer awareness. Customers are on the lookout for safer alternatives and choose biodegradable options that also efficiency perform the task.

Detergent Chemicals Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 6250
  • Published Date: Jun 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of detergent chemicals was over USD 59.2 billion.

The market size for detergent chemicals is projected to cross USD 137.6 billion by the end of 2036 expanding at a CAGR of 7.9% during the forecast period i.e., between 2024-2036.

The major players in the market are BASF, Proctor & Gamble, Shell Chemicals, Dupont, Stepan Company, Evonik Industries, and others.

The surfactants segment is anticipated to garner a size of 37% during 2024-2036.

The North America detergent chemicals sector is poised to hold a 48% share by the end of 2036.
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