CAGR: 8.5%Current Market Size: USD 47.1 BillionFastest Growing Region: Europe
Largest Market: North AmericaProjection Time: 2021-2028Base Year: 2020
The global detergents Chemicals market is expected to grow from USD 47.1 Billion in 2020 to USD 89.4 Billion by 2028, at a CAGR of 8.5% during the Projection period 2021-2028. This growth of the detergents Chemicals market is mainly driven by an upsurge in demand for detergents from cosmetics, institutional & household, personal care, and other end-use industries.
The detergent is a mixture of surfactants with different cleansing properties in a dilute solution with water. While detergent Chemicals are a variety of surfactants that are used as the main cleaning agent, such as laundry detergent, biological reagents, sapless soaps, and fuel additives, or as a mixing element of surfactants. The detergent Chemicals can be produced from petrochemicals synthetically or from oleoChemicals derived from plant oils. Major petrochemical feedstock comprises ethylene and benzene, which are derived from crude oil, while on the other hand major oleoChemicals feedstock such as coconut oil and palm kernel oil.
Detergent Chemicals find a number of application as institutional and industrial cleaners, household detergents, metalworking fluids, and personal care products, among others. While the detergents are being manufactured using three prominent processes namely, the agglomeration process, blender process, and slurry method.
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Market Dynamics
Drivers:
The demand for detergents is significantly growing across cosmetics, institutional & household, personal care, and other end-use industries. However, currently, cosmetics and personal care have become an essential feature of the modern lifestyle of individuals. Hence, the rising cosmetics and personal care sector creates demand for detergents, fueling the growth of the detergents Chemicals market.
Rapid urbanization across the globe along with the increased disposable incomes have allowed consumers to spend more on household laundry cleaning products, fueling demand for detergents and leading to the growth of the detergents Chemicals market. In addition to this, the increased disposal incomes enabled consumers to regularly use household and personal care products that contain detergent Chemicals. Further, increased disposable incomes have led to the rise in awareness among consumers regarding household and personal hygiene augmenting the usage of laundry detergents.
Restraints:
Rules and regulations regarding detergents Chemicals are constantly evolving posing a potential restraint to the market growth. For instance, Evaluation, Registration, Authorisation, (and Restriction), of Chemicals (REACH) is the European Union (EU) regulation adopted for improving human health protection along with the environment from the risks caused by excessive use of Chemicals in detergents.
Opportunities:
Leading companies operating in the global detergents industry are more focused on the development of new as well as more innovative products. In addition to this, advancement in technology has led to the emergence of green cleaning products and methods that uses environmentally friendly materials instead of volatile organic compounds that cause respiratory and dermatological disorders. The aforementioned factors are anticipated to be opportunistic for the growth of the detergents Chemicals market.
Challenges:
The detergent manufacture needs different raw materials and Chemicals such as soda ash, lather forming Chemicals, sodium perborate, carboxymethyl chloride, colors, and perfume. While fatty alcohols are an essential raw material for anionic synthetic detergents. All of these raw materials show volatility in their prices due to conditions such as COVID-19 disruptions. This factor has posed challenges to the detergent chemical market growth.
Segmentation Analysis
The global detergents Chemicals market has been segmented based on product, application, end-user, and regions.
By Product
By Application
By End User
By Regional Analysis
The regions analyzed for the detergents Chemicals market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North American region dominated the detergents Chemicals market and held the 27.9% share of the market revenue in 2020.
Key Industry Players Analysis
Leading market players to focus on Sustainable cleaning formulators to meet the growing demand
The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global detergents Chemicals industry.
For instance, in November 2020, Iberchem a leading global fragrance manufacturer was acquired by Croda International Plc. This acquisition is expected to expand the portfolio of Croda International into the fragrances industry.
In January 2019, Nouryon launched Ethylan TB345, a more sustainable, water-miscible defoamer, that is projected to help industrial cleaning formulators and household meet growing customer need for cost-effective and environmentally safe products that do not compromise on performance.
In January 2019, Nouryon, one of the leading market players partnered with Unilever, investment companies, and startup networks to accelerate innovation in the chemical industry and tackle chemistry-related challenges.
Latest Development
Report Metrics
Report Attribute |
Details |
Projection period |
2021-2028 |
Base year considered |
2020 |
CAGR (%) |
8.5% |
Market Size |
47.1 Billion in 2020 |
Projection unit |
Value (USD) |
Segments covered |
Product, Application, End User, and Regions |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
BASF SE, The Dow Chemical Company, Huntsman International LLC, Nouryon, Croda International plc, Solvay S.A., Clariant AG, Akzo Nobel N.V, Evonik Industries AG, and Unilever among others. |
By Product |
|
By Application |
|
By End User |
|
Regional scope |
|
Scope of the Report
Global Detergents Chemicals Market by Product:
Global Detergents Chemicals Market by Application:
Global Detergents Chemicals Market by End User:
Global Detergents Chemicals Market by Region:
The market value of the detergents Chemicals Market in 2020 is $47.1 Billion.
The Asia Pacific held the major share in the market over the Projection period 2021- 2028.
Surfactants segment is the most influencing segment in the detergents Chemicals market.
The leading market players active in the global detergents Chemicals market are BASF SE, The Dow Chemical Company, Huntsman International LLC, Nouryon, Croda International plc, Solvay S.A., Clariant AG, Akzo Nobel N.V, Evonik Industries AG, and Unilever among others.
Product, Application, End-User, and Regions are the four segments of the report.
Yes, the market includes qualitative and quantitative insights for COVID-19 impact on the detergents Chemicals market.
The detergents Chemicals market is studied from 2020 - 2028.
Political- Rules and regulations regarding detergents chemicals are constantly evolving posing a potential restraint to the market growth. For instance, Evaluation, Registration, Authorisation, (and Restriction), of Chemicals (REACH) is the European Union (EU) regulation adopted for improving human health protection along with the environment from the risks caused by excessive use of chemicals in detergents.
Economic- Rapid urbanization across the globe along with the increased disposable incomes have allowed consumers to spend more on household laundry cleaning products, fueling demand for detergents and leading to the growth of the detergents chemicals market. In addition to this, the increased disposal incomes enabled consumers to regularly use household and personal care products that contain detergent chemicals. Further, increased disposable incomes have led to the rise in awareness among consumers regarding household and personal hygiene augmenting the usage of laundry detergents. The detergent manufacture needs different raw materials and chemicals such as soda ash, lather forming chemicals, sodium perborate, carboxymethyl chloride, colors, and perfume. While fatty alcohols are an essential raw material for anionic synthetic detergents. All of these raw materials show volatility in their prices due to conditions such as COVID-19 disruptions. This factor has posed challenges to the detergent chemical market growth.
Social- Growth of the North American detergents chemicals market is mainly driven by the number of factors such as upsurge in consumption of detergents chemicals in varied applications such as industrial cleaners, personal care, and food processing industry; significant production of soaps and detergents; and strong presence of key market players such as Huntsman International LLC, Nouryon, and Croda International Plc. The European region is likely to register significant growth during the Projection period due to the rapid rise in usages of the detergents chemicals in cosmetics and personal care products formulations. Further, regulations and policies framed by different agencies REACH, EEA, and ECHA are favoring the consumption of detergent chemicals in the region, creating lucrative growth opportunities for the detergents chemicals market.
Technological- Leading companies operating in the global detergents industry are more focused on the development of new as well as more innovative products. In addition to this, advancement in technology has led to the emergence of green cleaning products and methods that uses environmentally friendly materials instead of volatile organic compounds that cause respiratory and dermatological disorders. The aforementioned factors are anticipated to be opportunistic for the growth of the detergents chemicals market.
Environmental- Several rules and regulations are being imposed by the government for improving the condition of the environment along with the health of humans. The excessive usage of chemicals in detergents is posing health hazards to the workers as well as those who use them in their daily life.
Legal- In November 2020, Iberchem a leading global fragrance manufacturer was acquired by Croda International Plc. This acquisition is expected to expand the portfolio of Croda International into the fragrances industry. In January 2019, Nouryon, one of the leading market players partnered with Unilever, investment companies, and startup networks to accelerate innovation in the chemical industry and tackle chemistry-related challenges.
List of Table
List of Figures