Detergent chemicals are either naturally produced from oleochemicals extracted from plant oils or synthetically produced from petrochemicals. The primary petrochemical feedstocks include benzene and ethylene, which are extracted from crude oil, while the significant oleochemical feedstocks include palm kernel oil and coconut oil. The difference in the use of feedstock produces a difference in the retail price of the final chemical product.
MARKET DYNAMICS
The increased demand for detergents from the cosmetics, personal care, institutional, and household end-use industries is expected to drive the market over the forecast period. Furthermore, rapid urbanization and increased disposable income have allowed consumers to spend more on household laundry cleaning products, which is expected to further propel the demand. In addition, growing literacy and customer knowledge of personal and household hygiene have increased the penetration of laundry detergents. In addition, detergent chemicals are also used for personal hygiene, dishwashing materials, fuel additives, and biological reagents. Personal cleaning products such as hand wash, shampoo, toothpaste, face wash also contain detergent chemicals to increase their effectiveness. WHO recommendations on handwashing during the coronavirus epidemic are expected to fuel demand for hand wash liquids, which in turn, would push the market for detergent chemicals.
MARKET SCOPE
The "Global Detergent Chemicals Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the detergent chemicals market with detailed market segmentation by product, application, and geography. The global detergent chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading detergent chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global detergent chemicals market is segmented on the basis of product and application. On the basis of product the global detergent chemicals market is segmented into surfactants, builders, enzymes, bleaching agents, fragrances, and others. Based on application the global detergent chemicals market is segmented into laundry cleaning products, household & commercial cleaning products, personal cleaning products, dishwashing products, fuel additives, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global detergent chemicals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The detergent chemicals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the detergent chemicals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the detergent chemicals market in these regions.
MARKET PLAYERS
The reports cover key developments in the detergent chemicals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from detergent chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for detergent chemicals in the global market. Below mentioned is the list of few companies engaged in the detergent chemicals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the detergent chemicals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- The Dow Chemical Company
- Huntsman International LLC
- Nouryon
- Croda International plc
- Solvay S.A.
- Clariant AG
- S.K Chemicals
- Tata Chemicals
- Goyal Chem Associates
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.