Global Detergent Chemicals Market: Overview
Presence of a copious number of global and regional vendors makes the global market for liquid detergent chemicals highly competitive. Both chemical companies and biotechnology companies are trying to outshine each other for greater market share by offering high-performance enzymes for liquid detergents. Going forward, the competition in the market is slated to increase further with more players entering the arena. Growth opportunities remains high for suppliers that provide differentiated value, which allows them to sustain competitive pricing.
Detergents are used as laundry detergent, biological reagents, fuel additives, soapless soaps, etc. Of these, detergents account for maximum market share on account of their large-scale use. Fuel injector and carburetor component of Otto engines, for instance, are benefited by detergents that thwart fouling in fuels. Again, isolation and purification of integral membrane proteins in biological cells is carried out with the aid of reagent grade detergents. Soapless soap is a non-soap cleanser sans soap with a little acidic pH.
Detergents chemicals find application as industrial and institutional cleaners, metalworking fluids, household detergents, and personal care products, among others. Detergents are manufactured using three process namely, the blender process, agglomeration process and slurry method.
A report by TMR Research shows conveys in-depth and accurate information on the global market for detergent chemicals. It describes the scope of the market, segments it depending upon various parameters, and forecasts its growth trajectory. It furnishes a qualitative analysis of the prominent growth drivers and restraints in the market. The report also profiles important players in the market and leverages market leading analytical tools to gauge the current competitive dynamics.
Global Detergent Chemicals Market: Trends and Opportunities
The primary growth driver in the global detergent chemicals market is the swift pace of industrialization worldwide. Further, progress on the technology front has also been driving the market. Most vendors in the market are laying a lot of emphasis on research and development of polymer technology that can add more value to detergent formulators. Another noticeable trend in the market is the growing thrust on green cleaning products and methods that use environment friendly ingredients in place of volatile organic compounds that cause dermatological and respiratory disorders.
Posing a roadblock to the growth in the global market for detergent chemicals is the unstable prices of raw materials on account of the volatile oil and natural gas prices. The main raw materials used in formulating detergents are sodium sulphate, sodium silicate, palm stearin, Linear Alkyl Benzene Sulfonic Acid (LABSA), and Palm Fatty Acid Distillate (PFAD), among others.
Global Detergent Chemicals Market: Regional Outlook
Geographically, the key segments of the global detergent chemicals are Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific, bolstered substantially by China and India, is predicted to outshine all other regions in terms of consumption of detergent chemicals. The Middle East and Africa are other prominent markets. In the years ahead, the U.S. is anticipated to trim its market share because of the buying behaviour of customers. Europe, on the contrary is expected to gain market share.
Companies Mentioned in the Report
To present a detailed analysis of the competition prevailing in the global market for detergent chemicals, the report profiles companies such as AkzoNobel, Huntsman Corporation, Solvay, BASF SE, Dow Chemicals, Tata Chemicals, Procter & Gamble, Dial Corp, Clariant AG, Unilever, Shell Chemicals, Airedale Chemicals, Colgate, International Detergent Chemicals Ltd., and Condea.