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Global Detergent Chemicals Market Value to Reach $71.40 billion by 2028: Stratistics MRC

2021 - 2028 Global Detergent Chemicals Market

2021 - 2028 Global Detergent Chemicals Market

HYDERABAD, TELANGANA, INDIA, March 14, 2022 / -- Detergent Chemicals Market Forecasts to 2028 – Global Analysis By Product (Builder & Fillers, Enzymes), Raw Materials (Petrochemicals, Crude Oil Derivatives) Application (Biological Reagents, Dishwashing Products) and By Geography

The Global Detergent Chemicals Market is accounted for $46.86 billion in 2021 and is expected to reach $71.40 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Detergent chemicals are a class of surfactants that are used as a major cleaning agent, such as biological reagents, sapless soaps, laundry detergent, and fuel additives, or as a mixing element of surfactants. They are either produced naturally from plant oils derived from oleochemicals or petrochemicals synthetically. Ethylene oxide, alpha-olefins, and linear alkylbenzene are the raw materials being used. The builder & fillers segment is growing at the highest CAGR in the market due to the higher percentages in detergent formulation. The Asia Pacific is projected to hold the largest share in the market, due to increasing industrialization, commercialization, & household expenditure in the region. North America is projected to have the highest CAGR due to the increasing consumption of detergent chemicals in applications such as personal care, industrial cleaners, and food processing.

Some of the key players profiled in the Detergent Chemicals Market include BASF SE, Akzo Nobel N.V., Ashland Inc, Clariant AG, Croda International Plc, The Dow Chemical Company, DuPont, Evonik Industries AG, Huntsman International LLC, Nouryon, Novozymes, Procter & Gamble, Solvay S.A., and Stepan Company.

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