The global demand for Home Care Chemicals Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
The term ""home care chemicals"" refers to various products used to maintain the interior of a home or a commercial structure. Hospitals and clinics use home care chemicals as disinfectants and cleaning agents. Furthermore, locations where food preparation is done daily, must be kept clean with the help of home care chemicals. Air care, bleach, dishwashing, insecticides, laundry care, surface care, and toilet care are available as home care chemicals. An increase in laundry care facilities worldwide is predicted to use a significant amount of home care chemicals. These chemicals can lower water's surface tension and regulate the compound's molecules to interact with the surface's oil and grease. When these surfactants are added to cleaning chemicals, they improve the mixability of the substance and make it easier to clean. The application areas of home care chemicals include laundry/fabric care, hard surface cleaning, dishwashing, and others.
Market Dynamics
The global home care chemicals industry is expected to see potential growth opportunities due to rising disposable income among the world's population. Growing population, and urbanization, are projected to stimulate demand for home care chemicals. The primary drivers for the home care market are adopting a healthy lifestyle and the growing concern for hygiene. Due to increased demand from the laundry care, surface cleaning, and dishwashing product manufacturing industries, the need for home care chemicals is expected to expand at a high rate in the future years. Factors like the launch of innovative products and services, growing demand for home care products in the institutional and foodservice sectors, and rising awareness about health and hygiene drive the global home care chemicals market. In addition, the global home care chemicals market is expected to see an increase in the adoption of green goods and eco-friendly formulations, further augmenting the market growth.
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 home care chemicals. The growth and trends of home care chemicals industry provide a holistic approach to this study.
Market Segmentation
This section of the home care chemicals 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.
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
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Home Care Chemicals 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.
Global Home Care Chemicals Market Share by Region (Representative Graph)
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 home care chemicals market include BASF SE, DOW Inc., Solvay S.A., Evonik Industries, Clariant AG, Huntsman International LLC, Ashland Inc., Croda International Plc., Lubrizol Corporation. 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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