Global Detergent Market Complete Industry Analysis and Overview
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The “Global Detergent Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study available on Decisiondatabases.com gives an in-depth outlook of the market growth, trends and forecast for the global detergent market. The report predicts that the global detergent market would showcase a CAGR of 4.5% within the forecasted period between 2020 to 2026.
Detergents are a blend of surfactants with cleansing properties. The surfactants are compounds similar to soap and are mostly soluble in hard water. The alkyl benzenesulfonates and their compounds are the main ingredients of detergents. Detergents are mainly grouped into three types of detergents such as anionic detergents, cationic detergents, and non-ionic & zwitterionic detergents. In the household context detergents are referred to as laundry detergents and foaming agents as a cleaning material. Detergents are usually made available as powders or concentrated solutions. The household detergents are for daily household cleaning purposes while industrial detergents are used for industrial needs. The most common applications of detergents are as laundry detergents, fuel additives, biological reagent, and soap-free soap. The liquid laundry detergent is primarily engaged in cleaning laundry and has two main end-user segments such as residential and commercial. The commercial applications include the textile industry, hospitality industry, laundry services and others whereas residential applications include its use in household cleaning. Demand for liquid laundry detergent is growing due to comfort and ease in application and fewer wastages as compared to detergent powders.
The rapid changing lifestyles of the population and the global modernization are the key drivers for the growth of the detergent industry. The washing and laundry industry are the main drivers of the household industry whereas the growing industrialization is the main driver for industrial detergents. Industries such as the chemical, paint, textile, paper and automobile are the key factors and demand drivers for the use of industrial detergents. Besides, the rise in the population and the growing disposable income of the consumers enables an increase in the demand for clothing and hospitality thus, acting as major drivers for the growth of the detergent market globally. On the other hand, there are some restraints faced by the detergent market such as government rules, norms, and regulations, environmental reforms, and CSRs.
By type, powder detergents, concentrated powder detergents, detergent tablets, liquid detergents, standard detergents, concentrated detergents and liquid tablet detergents are the segments of the global detergent market.
By geography, Asia Pacific, North America, Europe, Latin America and Middle East And Africa are the segments of the global detergent market where North America is the leading region in the case of global demand and consumption for liquid detergent. Asia-Pacific has emerged as the leading market both for household and industrial detergent consumption followed by the U.S. and the Middle East. India and China are the market leaders in demand and supply in Asia-Pacific. The rise in the awareness about the liquid laundry detergent market and growth in industrial advancements in these emerging economies is expected to drive the Asia Pacific market. It is the largest producer and is expected to be the fastest-growing region in terms of consumption during the forecast period.
The key players of the global detergent market are profiled in the study as SC Johnson & Son Inc., Procter & Gamble Co., Phoenix Brands LLC, Method Products Inc., Unilever plc., Ecover Ltd., Henkel AG & Co KGaA , Reckitt Benckiser Group Plc., Werner & Mertz GmbH. A thorough description of each has been included, with information on the H.Q, future capabilities, key mergers & acquisitions, financial outline, partnerships and new product launches and developments.
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