Global Detergent Chemicals Market expected to reach $90.20 billion by 2033 with 4.50% CAGR
From GlobeNewswire: 2024-07-09 19:00:00
The Global Detergent Chemicals Market is expected to grow from $58.10 billion in 2023 to $90.20 billion by 2033, with a 4.50% CAGR. The market includes surfactants, builders, enzymes, fragrances, bleaching agents, and more to enhance cleaning performance. Demand is driven by urbanization, rising disposable incomes, and green cleaning trends. Asia Pacific leads in market share, with North America showing the highest growth potential. Major players include Clariant AG, BASF SE, and Croda International. Lubrizol recently launched a new rheology modifier for surfactant formulations.
The builders & fillers segment dominates the detergent chemicals market, thanks to chemicals like sodium silicate and polycarboxylates. Household & commercial cleaning applications hold the highest market share, with demand for multi-purpose cleaners and disinfectants on the rise. Asia Pacific leads the market share, while North America shows the highest growth potential. Key players include DuPont, Dow Chemical Company, and Solvay.
In August 2023, Lubrizol launched a new rheology modifier for surfactant formulations. The detergent chemicals market includes product types like surfactants, enzymes, builders & fillers, fragrances, and bleaching agents. By application, the market encompasses laundry cleaning, dishwashing, soaps & shampoos, and household & commercial cleaning. The market is segmented by regions, including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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Read more at GlobeNewswire: Global Detergent Chemicals Market Size To Worth USD 90.20