The global home care chemicals market is expected to be worth USD 21,984 million in 2021 and USD 32441.95 million by 2028, growing at a CAGR of approximately 6.70% during the forecast period. The report investigates the market’s drivers, restraints, and challenges, as well as the impact they will have on demand over the forecast period. In addition, the report looks into new opportunities in the home care chemicals market.
Home Care Chemicals Market: Overview
Homecare, personal care, industrial, and institutional cleaning all make use of care chemicals. In the home and office, cosmetics, cosmetic pigments, personal care compounds, surfactants, and other care chemicals are used for skin care, hair care, cleanliness, and hygiene. The research looks into the major factors that are influencing the growth of the home care chemicals industry. In addition, market participants have been profiled, with an emphasis on their product offerings. Home care chemicals clean surfaces of dirt, stains, odours, dust, and other messes. These substances are commonly found in homes. Home care chemicals include surfactants, additives, solvents, pigments, and other chemicals. Hand sanitizers, toilet and bathroom cleaners, and deodorants are examples of these substances.
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The rise in cleanliness and health consciousness is expected to propel the global home care chemicals market forward. Additionally, rising demand for surfactants, solvents, pigments, additives, and other chemicals will drive market growth. The rise in middle-class per capita income is expected to boost the global home care chemicals industry. The most significant impediment to the growth of the global home care chemicals market is stringent government rules and regulations. Furthermore, the increased use of eco-friendly products may stifle the global home care chemicals market’s growth.
Home Care Chemicals Market: Growth drivers
The market is being propelled forward by rising demand for natural products.
Chemicals have permeated our society and are affecting everyone. As a result, more people are turning to natural and eco-friendly products that are gentle on the skin and the environment. Natural and green products are in high demand worldwide, and the demand for green cleaning solutions has fueled the industry’s growth. People are becoming more environmentally conscious, so green and natural products are becoming more popular.
Home Care Chemicals Market: Segmentation
The global home care chemicals market is segmented by product, application, and region.
Surfactants, solvents, additives, and other products are available on the market. Surfactants, which are widely used as home care chemicals, will grow the fastest in the market from 2021 to 2028. Surfactants are used in a wide range of applications, including laundry and floor cleaning. These compounds have the ability to reduce surface tension in water as well as control how the molecules in the compound interact with the oil and grease on the surfaces. When surfactants are added to cleaning chemicals, they improve mixability and allow for better cleaning.
Home Care Chemicals Market: Competitive Landscape
Some of the main competitors dominating the global home care chemicals market include BASF SE, Ashland Inc., Solvay S.A., DOW, Evonik Industries AG, Clariant AG, Croda International, Lubrizol Corporation, Huntsman Corporation, Henkel Corporation, and Unilever.
Global Home care chemicals Market is segmented as follows:
By Product
Surfactants
Solvents
Additives
Others
By Application
Home Care Chemicals for Laundry Care
Home Care Chemicals for Hard Surface Cleaning
Home Care Chemicals for Dishwashing
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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