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Detergent Chemicals Market Trends

  • Report ID: GMI9030
  • Published Date: Apr 2024
  • Report Format: PDF

Detergent Chemicals Market Trends

The detergent chemical market is witnessing a trend towards eco-friendly formulations driven by increasing environmental concerns and consumer awareness. Manufacturers are shifting towards biodegradable, plant-based, and sustainable ingredients to meet regulatory requirements and cater to evolving consumer preferences. Additionally, advancements in enzyme technology, microencapsulation, and green chemistry contribute to improved performance and environmental sustainability of detergent products. Furthermore, there's a growing emphasis on packaging innovations to reduce plastic waste and promote recyclability. As sustainability becomes a key driver in purchasing decisions, the detergent chemical market continues to evolve towards greener, more environmentally responsible solutions.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for detergent chemicals was USD 56 billion in 2023 and is expected to register over 4.8% CAGR from 2024-2032 owing to a growing shift towards eco-friendly and sustainable ingredients, driven by consumer demand and regulatory pressures worldwide.

Detergent chemicals industry from the surfactants segment recorded USD 15.3 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to witnessing a trend towards biodegradability, sustainability, and improved performance.

Asia Pacific industry is expected to register a 4.5% CAGR from 2024-2032 due to a significant trend towards sustainable and eco-friendly formulations driven by increasing environmental concerns and stringent regulations in the region.

Clariant, Croda International, Dow Chemicals, Evonik Industries, Huntsman International, Kao Corporation, Lubrizol, Mahaveer Surfactants Private Limited, Solvay, and Stepan Chemicals, are some of the major detergent chemicals companies worldwide.

Detergent Chemicals Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 230
  • Countries covered: 21
  • Pages: 200
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