Detergent Polymer Market Is Projected To Grow At A CAGR Of 4.9% To Reach A Valuation Of US$ 590.9 Million By 2032, States Fact.MR
Demand for Sustainable Detergent Polymers from Diverse End-Use Industries to Reframe Detergent Polymer Sales Growth Spectrum
According to Fact.MR, a market research and competitive intelligence provider, detergent polymers market is estimated to be valued at US$ 367.4 Million in 2022 and is expected to propel at an impressive CAGR 4.9% during the forecast years of 2022-2032 in the global market.
Detergent polymers are used to develop various formulations used as a cleaning agents. Owing to exceptional stain removal, whitening capabilities, and anti-deposition characteristics of detergent polymers, consumption has already heightened in the global market.
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In addition to this, governments across the region have raised their voices of sustainability and have been providing incentives to manufacturers following the trail of lowering the carbon footprint. Various chemical companies are opting for alternative solutions for the production of key chemicals used in our daily lives.
Increasing demand for bio-based products and bio-based product offerings by detergent polymer suppliers are set to amplify the market growth in the foreseen period.
Key Takeaways from Market Analysis
- By 2032, the global detergent polymers market will have a valuation of US$ 590.9 Million, growing at a 4.9% CAGR
- The global detergent polymers market has experienced a 3.2% annual growth rate in a historic period (2017-2021)
- Though the majority of the market is still occupied by the consumption of synthetic detergent polymers, the demand for natural & bio-based detergent polymers is expected to rise with a CAGR of 5.8% by 2032
- East Asia will be the highest consumer of detergent polymers, capturing an approximate 28.6% market share by 2032
- Owing to changing consumer preferences, the demand for liquid detergent polymers form is expected to grow at a CAGR of 5.2% annually in the forecast period
- Massive consumption of cleaning agents in residential set-up demand for increased production of detergent polymers and the market is further expected to expand at a CAGR of 5.4%
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Eminent Player’s Key Stratagems
Detergent Polymers manufacturers such as Ashland, Dow Inc., BASF SE, Solvay SA, Clariant AG, Itaconix PLC, The Lubrizol Corporation, and Ran Compounds Pvt Ltd are strategically inorganic & organic methodologies to enhance global market position. Also to reduce dependency on the raw material supplier, manufacturers are integrating themselves vertically to expand their horizons.
In addition to this, product innovation is the differentiating factor among leading manufacturers, as a massive shift has been observed in the existing consumer trends. The utmost requirement for environmental formulations deviates the demand from synthetic formulations to natural bio-based formulations, thus attracting a lot of expenditure in R&D and product improvement.
Key Companies Profiled
- All-plus Compound Co., Ltd.
- BASF SE
- Clariant AG
- CP Kelco U.S., Inc.
- Dow Inc
- Itaconix PLC
- Patel Chem Tech Industries
- Ran Compounds Pvt. Ltd.
- Solvay SA
- The Lubrizol Corporation
Segmentation of the Detergent polymers market
- By Source:
- Natural & Bio-based
- By Compound:
- Acrylic copolymers
- Acrylic homopolymers
- Carboxymethyl Cellulose
- Vinylpyrrolidone and PVP
- Copolymers of terephthalic acid
- Polyethyleneimine ethoxylate
- Maelic Acid Copolymer
- ATBS copolymer
- By Function:
- Antiredeposition Agent
- Dispersing Agent
- Soil Release Agent
- Dye Transfer Inhibitor
- By Detergent Form:
- By End Use:
- Laundry Care
- Kitchen Care
- Laundry Care
- Kitchen Care
- Industrial & Institutional Cleaning
- Ware Washing Products
- Vehicle Wash Products
- By Region:
- North America
- Latin America
- East Asia
- South Asia & Oceania
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Table of Content
- Detergent Polymers Market – Executive Summary
- Market Overview
2.1. Market Definition and Introduction
2.2. Market Taxonomy/ Research Scope
- Market Background and Foundation Data
3.1. Detergent Polymers: Apparent Production & Consumption Analysis
3.2. Detergent Polymers Market Opportunity Assessment
3.3. Market White Space Assessment
3.4. Market Dynamics
3.5. Industry Value and Supply Chain Analysis
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global detergent polymers market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of source (synthetic, natural & bio-based), compound (polycarboxylates (acrylic copolymer, acrylic homopolmer), carboxymethyl cellulose, polyester, vinylpyrrolidone, and pvp, others (copolymers of terephthalic acid, polyethyleneimine ethoxylate, pet-poet, maelic acid copolymer, ATBS copolymer, biopolymers), function (antiredeposition agent, dispersing agent, soil release agent, dye transfer inhibitor), detergent form (powder, granular, liquid), end-use (residential, commercial, industrial & institutional), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, And The Middle East & Africa)
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