PUBLISHER: Value Market Research | PRODUCT CODE: 1547768
PUBLISHER: Value Market Research | PRODUCT CODE: 1547768
The global demand for Detergents Market is presumed to reach the market size of nearly USD 211.95 Billion by 2032 from USD 134.19 Billion in 2023 with a CAGR of 5.21% under the study period 2024-2032.
Detergents are a group of surfactants, which shows excellent cleaning property in dilute solutions with water. Most often detergents are alkyl benzene sulfonates. Alkylbenzene sulfonate is a class of anionic surfactants, in which the head group is hydrophobic sulfonate, and the tail group is hydrophilic alkylbenzene. Alkylbenzene sulfonate compounds are more soluble in hard water than soaps. Detergents are anionic, cationic, or non-ionic types. Detergents are available in powder form or liquid form as concentrated solutions. They are partly hydrophobic and partly hydrophilic, hence amphiphilic. The main application of the detergents is laundry washing and dishwashing. Detergents are also used as fuel additives, biological reagents.
The prime factor propelling the global detergents market include growing demand for laundry and dish cleaning products from various sectors such as hotels & restaurants, hospitals, textile, and others. Manufacturers are increasing their customer base at a wider scale by using various innovative methods such as e-commerce, social media, and online advertising, etc. The growing e-commerce industry and the increasing trend of online shopping are anticipated to boost the global detergent market. The other factors contributing to the growth of the market include increased awareness about hygiene and cleanliness due to the COVID-19 pandemic, increased usage of detergents as fuel additives and biological reagent, and entry of new manufacturers in the market with innovative products.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Detergents. The growth and trends of Detergents industry provide a holistic approach to this study.
This section of the Detergents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Detergents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Detergents market include Huntsman Corporation LLC, Solvay, Evonik Industries AG, BASF SE, Kao Corporation, Clariant AG, Croda International Plc, Tata Chemicals Ltd., Stepan Company, Oxiteno, Galaxy Surfactants Ltd., Lion Specialty Chemicals Co. Ltd., Henkel AG & Co. KGaA, A K ChemTech Co. Ltd., Lanxess, Diversey Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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