Global Detergent Polymers Market Analysis
The global detergent polymers market is poised to embark on a positive growth trajectory, registering a CAGR of ~5% over the forecast period (2020-2030). With efficacy to offer high performance detergent formulation at reduced cost, detergent polymers are set to gain significant traction. Owing to excellent soil removal properties and high performance as anti-redeposition agent, detergent polymers have emerged as an ingredient of choice among detergent manufacturers.
A bundle of advantages such as dye transfer and scale encrustation inhibition have also accelerated the use of detergent polymers in industrial and institutional cleaning applications. In addition, impressive reduction in water and energy offered by detergent polymers in automatic washing machines and dishwashers is set to augment the market growth during the forecast period.
Detergent Polymers Market: Application Insights
Washing powders has dominated the detergent polymers market throughout the historical period and is projected to maintain its supremacy over other applications, accounting for over half of the global consumption by 2030. However, momentum towards liquid detergents in countries like United States, Germany, France, Japan, and South Korea are set to drive the use of detergent polymers in liquid detergents during the forecast period. Increasing spending power in developing counties such as China and India are set to fuel the demand for liquid detergents. Further, surging demand for detergent pods is poised to result in additional growth in sales of detergent polymers during the forecast period.
On the basis of source, synthetic detergent polymers continue to account for relatively large pie of the global market value. However, tightened regulations on phosphate-containing detergent formulation and increasing preference for natural detergents among consumers are set to drive the demand for bio based detergent polymers. Sales of these polymers are expected to record a leading growth rate of 6% through 2030.
Detergent Polymers Market: Regional Insights
In terms of volume, East Asia’s detergent polymers market is poised to maintain its reign over other regional markets, with the emergence of China as the world’s leading detergent producer. In 2019, China accounted for over one third of the global detergent production, which in turn drives the consumption of detergent polymers in the region. The scenario is projected to continue, due to increasing preference for liquid detergents over washing powder in countries such as China, Japan and South Korea.
In terms of value, Europe’s market has generated the highest value over other regions, on the back of leading exporting countries such as Germany, France, United Kingdom and Poland. However, East Asia is projected to expand at a leading growth rate of 6% through 2030 and surpass the European detergent polymers market by the midterm forecast.
Detergent Polymers Market: Competitive Insights
The global detergent polymers market is highly consolidated in nature, where leading manufacturers currently accounts for over half of the global consumption. Ashland, BASF SE, Clariant AG, Dow Inc, Solvay SA and Lubrizol Corporation are the key stakeholders. In response to increasing demand and to enhance their position, market goliaths have been involved in numerous organic and inorganic strategies. To leverage the immense potential offered by new trends and to increase their market penetration, prominent companies has vertically integrated themselves. This will not only reduce their dependency on raw material suppliers but also give them a significant advantage of low cost product.
For instance, in 2018, under BASF’s organic strategy, it has backward integrated itself by expanding production capacity of alkyl polyglucosides which is a primary raw material for detergent polymers production. Similarly, during the historical period, Dow increased its acrylic-based polymers production capacity, in order to meet the increasing demand from various industries including detergents.
COVID-19 Impact Analysis
The coronavirus outbreak has brought the world on its knees and forced people to stay at their homes which have affected production and demand across the globe. Fear of the coronavirus has forced countries to stop import-export activities between borders. Sudden industrial and transportation shut downs have crippled the global economy in last few months. As per the WHO and the UN stats, loss caused due to coronavirus outbreak may take years to recover. The coronavirus pandemic has affected every industry, and detergent polymers market is no exception.
Europe and North America are the two leading consumers of detergent polymers, collectively accounting for half of the global demand in 2019. Along with leading detergent polymer consumers, these are the most affected regions by coronavirus outbreak and account for over half of the global fatalities. Worsened situation in these regions have impacted the global detergent polymers market which is poised to recover in the third quarter with the ease of lockdowns in these regions.
Analyst Viewpoint
“In the midst of the COVID-19 pandemic, the global detergent polymers market is poised to suffer a loss of ~ US$ 15 Mn by the end of 2020”.
About the Report
Fact.MR published an exclusive forecast report for the detergent polymers market for the period of 2020-2030. The foremost objective of this report on the detergent polymers market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the detergent polymers market. Also, the study on the detergent polymers market addresses key dynamics, which are expected to diversify the sales and future prominence of the detergent polymers market.
The detergent polymers market report begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of detergent polymers market elaborating on the key segments. Also, the report outlines visionary insights on dynamics of the detergent polymers market, including drivers, restraints, opportunities and trends, and pricing analysis along with the key buying factors for detergent polymers. Supply chain analysis and pricing analysis of the detergent polymers market along with the difference between detergent polymers used as per applications have also been included in the report to help the readers clearly understand the product framework map in the detergent polymers market.
Detergent Polymers Market - Scope of the Report
The detergent polymers market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2020–2030. The study identifies crucial trends that are determining growth of the detergent polymers market. This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply of detergent polymers. The report primarily conveys a summary of the market, considering the present and upcoming global detergent industry developments to reveal striking sides relating to the adoption of detergent polymers across prominent regional markets.
A detailed assessment of the market supply chain, business execution, and value chain across the regional markets has been provided in the report. A list of prominent companies operating in the detergent polymers market enhances the reliability of this comprehensive research study.
Detergent Polymers Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the detergent polymers market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.
Detergent Polymers Market: Segmentation
Fact.MR has segmented the detergent polymers market on the basis of source, chemical, function, application, end use, and region.
|
Source |
Chemical |
Function |
Application |
End Use |
Region |
|
Synthetic |
Polycarboxylates |
Antiredeposition Agent |
Washing Powders |
Laundry Care |
North America |
|
Natural & Bio-based |
Carboxymethyl Cellulose |
Dispersing Agent |
Liquid Detergents |
Industrial & Institutional Cleaning |
Latin America |
|
|
Polyester |
Soil Release Agent |
Detergent Pods and Tablets |
Automatic Dishwashing |
Europe |
|
|
Vinylpyrrolidone and PVP |
Dye Transfer Inhibitor |
|
|
East Asia |
|
|
Others |
|
|
|
South Asia & Oceania |
|
|
|
|
|
|
Middle East & Africa |
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Detergent Polymers Market: Size Evaluation
Existing predictions of the detergent polymers market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of detergent polymers is available in terms of value (US$ Mn) and in terms volume (Tons). A Y-o-Y growth contrast of the prominent detergent polymers market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on detergent polymers types, where detergent polymers witness a steady demand.
Detergent Polymers Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the detergent polymers market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the detergent polymers market during the forecast period.
Country-specific valuation on the demand for detergent polymers has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detergent Polymers Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the detergent polymers market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of detergent polymers, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permits readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. The company’s presence is mapped and presented through the matrix for all prominent players functioning in the detergent polymers market. It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the detergent polymers market. Prominent companies operating in the global detergent polymers market include All-plus Chemical Co., Ltd., Ashland, BASF SE, Clariant AG, CP Kelco U.S., Inc. and Dow Inc.
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Detergent Polymers Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030