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I AgreeAnalysis of Detergent Polymers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global Detergent Polymers market is estimated to hold a valuation of US$ 367.4 million in 2022 and is projected to grow at a CAGR of 4.9% to reach a valuation of US$ 590.9 million by 2032.
Polymers are the backbone of detergent production and the prime functions of these polymers are anti-redeposition, dispersing, soil release, and dye transfer inhibitor which cleanses the subject with better efficacy compared to the conventional cleansing agents.
These are highly effective dispersing and soil-removing agents which enhance the performance of detergency. They are also used to prevent reactive and direct dyes from being transferred to clean clothes by dye associates in the wash liquor.
Detergent polymers are the only material that offers non-phosphate detergent formulations, and increasing demand among detergent manufacturers is set to fuel the market growth during the forecast period.
Report Attributes |
Details |
---|---|
Detergent polymers market Size (2021A) |
US$ 355.0 Million |
Global Polymers Market (Parent Market, 2021) |
US$ 710.0 Billion |
Estimated Market Value (2022E) |
US$ 364.7 Million |
Forecasted Market Value (2032F) |
US$ 590.9 million |
Global Market Growth Rate (2022-2032) |
4.9% CAGR |
East Asia Market Share (2021) |
~25.5% |
East Asia Market Growth Rate (2022-2032) |
~6.1% CAGR |
China Market Growth Rate (2022-2032) |
~6.2% CAGR |
Market Share of Top 5 Companies |
~50.0% |
Key Companies Profiled |
|
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Growing public awareness of health & hygiene, and governmental regulatory requirements for hygiene & cleanliness have increased the consumption of industrial and institutional cleaners post-pandemic. Increased demand indicates the immoderate utilization of detergent polymers in conventional applications as well as new emerging applications in the industrial sector.
The aforementioned facts are projected to create a progressive environment for the global detergent polymers market. The detergent polymers market is all set to expand at a CAGR of 4.9% while the market has experienced a 3.2% of growth rate in 2017-2021, states Fact.MR, Research and competitive intelligence service provider.
The above image illustrates the market share overview of detergent polymers based on region and detergent form in nutshell. Under the detergent form segment, liquid form dominates the market with a 76.1% share in 2022.
“Soaring Demand for Industrial and Institutional Cleaners to Benefit Market”
Increasing safety and environmental regulations regarding the cleanliness of offices, institutions, warehouses, and industrial facilities in developed as well as developing nations have increased the consumption of industrial and institutional (I&I) cleaners. Growing public awareness of health and hygiene and governmental and regulatory requirements for hygiene and cleanliness will increase the consumption of industrial and institutional cleaners in forthcoming years. Janitorial products accounted for over largest consumer in the industrial and institutional cleaners market and are set to account for over one-fourth of the market share by 2032. Robust industrial growth in China and the presence of a significant textile industry have driven the consumption of industrial cleaning chemicals.
In Western Europe and Japan, kitchen and catering are the largest consumers of industrial and institutional cleaners. Attributed to the aforementioned factors, the industrial and institutional chemicals market is poised to expand at an average annual rate of 3.5% till the midterm forecast. Superior performance offered by detergent polymers in industrial and institutional laundry detergent formulations is set to augment the market growth during the forecast period.
“Innovative Product Offerings with Different Functionalities to Attract Detergent Manufacturers”
To align with market trends, several prominent companies have been involved in innovative product launches. For instance, to meet the trend of highly efficient washing detergents at low temperatures, BASF developed numerous detergent polymers such as Sokalan HP 20, which is a high-performance ingredient for liquid detergent.
Furthermore, Clariant’s product strategy focuses on enhanced bio-based innovative detergent formulations used in washing machines and dishwashers. Moreover, in 2019, in collaboration with Ecolab, Dow developed more efficient detergent polymers for automatic dishwashers used at large chain restaurants.
Above mentioned innovative product offerings and ongoing initiatives by market players will attract detergent manufacturers, which would eventually fuel the demand for detergent polymers over the forecast period.
“Growing Inclination towards Natural Detergents to Augment Market Growth”
Stringent regulations on phosphate which is a primary detergent raw material and increasing awareness among consumers regarding toxicity related to harsh chemicals have forced detergent manufacturers to find a new solution. Detergent polymers are phosphate-free and environment friendly which has emerged as an ideal alternative for detergent manufacturers. Efficacy to overcome shortcomings of phosphate-free formulations and reduced formulation costs, detergent polymers are set to gain traction during the forecast period. Currently, bio-based detergent polymers account for merely 10 to 12% of the global detergent polymers market.
However, as per supply-side assessment, increasing demand for natural products is set to augment demand for bio-based detergent polymers at a CAGR of 8% during the forecast period. To meet the increasing demand for bio-based detergent polymers, industry leaders such as Dow, Itaconix plc, and Solvay launched numerous bio-based products.
The trend of natural detergent products and numerous bio-based product offerings by detergent manufacturers are set to amplify the market growth during the forecast period.
“Stringent Norms on Polymers Pressurizing Manufacturers to Adopt Innovative Technologies Ultimately Affecting Profit Margins”
In response to environmental concerns, numerous countries across the globe have implemented several norms and stringent regulations on plastics and their usage. Governments have been continuously observing plastic manufacturing companies to decrease their harmful effect on the environment.
Similarly, numerous countries such as India and Western European countries have banned single-use plastics. The aforementioned scenario can be observed all over the world, which has forced plastic manufacturers to look for alternatives and forced them to implement new innovative production technologies.
Owing to the above-mentioned facts, the global polymer market may experience squeezed growth in the forthcoming years, which in turn may affect the detergent polymers market growth.
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Tightened regulations by the government have increased the consumption of phosphate-free solutions. With Europe’s goal towards sustainability and to limit carbon emissions, manufacturers along with the consumer have increased the utilization of detergent polymers-based cleaning agents.
The formulation containing detergent polymers is eco-friendly in nature and contributes less towards environmental pollution. Owing to the consumption of detergent polymers in Germany, the market is expected to grow at a CAGR of 4.5% in the forecast period.
With China being the world's top manufacturer of detergents, the East Asian market for detergent polymers is positioned to continue dominating other regional markets in terms of volume.
China produced more than one-third of the world's detergents in a few years, which in turn affects the need for detergent polymers in the country. Due to a growing preference for liquid detergents over washing powder in nations like China, Japan, and South Korea, the situation is expected to persist.
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Detergent polymers increase efficiency in manufacturing laundry powdered detergents ultimately reducing water and energy consumption during processing. Detergent polymers are designed to overcome challenges such as varying washing conditions including high alkalinity, varying temperatures, water hardness, and different machine types. Further, the usage of detergent polymers in residential cleaning products holds approximately 51.1% of the global market share.
Synthetic detergent polymers continue to represent a sizable portion of the market value worldwide. The market for bio-based detergent polymers, however, is expected to increase due to stricter limitations on the formulation of detergents that contain phosphates and customers' growing preference for natural detergents. Through the forecast period, sales of bio-based polymers are anticipated to expand at a leading pace of 6%.
Leading detergent polymer manufacturers are BASF SE, Solvay SA, Dow Inc, Clariant AG, The Lubrizol Corporation, Ashland, Itaconix PLC, Patel Chem Tech Industries, Ran Compounds Pvt. Ltd and others.
Players operating in global detergent polymers are anchoring their presence across existing application areas due to the paradigm shift from phosphate detergents to non-phosphate detergents. Investment towards vertical integration has remained the top key strategy by market players to strengthen their position and deepen their roost across the globe.
Fact.MR has provided detailed information about the price points of key manufacturers of detergent polymers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Europe holds the maximum consumption of detergent polymers in the global market and is estimated to be valued at US$ 144.7 million in 2032.
North America, Western Europe, Asia-Pacific, Japan are the dominant countries in the global Detergent Polymers Market
Detergent Polymers Market Is Anticipated To Grow at CAGR Of 4.9% During The Forecast Period By 2032
Detergent polymers are widely used in the residential sector and hold approximately 51.1% of the global market share.
Though the consumption of synthetic detergent is prevalent in the global market, owing to changing consumer preferences, the natural or bio-based detergent polymer is expected to grow at a CAGR of 5.8% in the forecast period.
During 2017-2021, sales of detergent polymers experienced a moderate growth rate of 3.2%.
The global Detergent polymers market is estimated to be valued at US$ 367.4 million in 2022.