The global home care chemicals market is expected to be worth USD 21,984 million in 2021 and USD 32441.95 million by 2028, with a CAGR of approximately 6.70% over the forecast period. The report investigates the market’s drivers, restraints, and challenges, as well as their impact on demand during 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 influence 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 frequently found in residential areas. Home care chemicals include surfactants, additives, solvents, pigments, and other chemicals. Hand sanitizers, toilet and bathroom cleaners, and deodorants are examples of these substances.
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
Rising demand for natural products is driving the market’s expansion.
Chemicals have infiltrated our society, and we are all affected by them. As a result, an increasing number of people are turning to eco-friendly and natural 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. Green and natural products are becoming more popular as people become more concerned about the environment.
Home Care Chemicals Market: Segmentation
The global home care chemicals market is segmented by product, application, and region.
The market is divided into product categories such as surfactants, solvents, additives, and others. Surfactants are compounds that are widely used as home care chemicals and will thus grow the fastest in the market from 2021 to 2028. Surfactants are used in a variety of applications, including laundry, floor cleaning, and many others. These compounds can reduce surface tension in water and 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:
Home Care Chemicals for Laundry Care
Home Care Chemicals for Hard Surface Cleaning
Home Care Chemicals for Dishwashing
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651