Home Care Chemicals Market Scope
Growing consumer preference towards home care chemicals and growing inclination of masses towards health and hygiene will help to boost global home care chemicals market in the forecasted period. There are various types of home care chemicals including pigments, surfactants, solvents, and various other additives and chemicals. There are various applications of home care chemicals such as chemicals in the floor, metal and polishing products are anticipated to fuel the growth of the market. In addition, domestic areas where the process of food preparation is conducted every day, are essential to be kept clean and hygienic as ignorance of such practices could adversely affect our health.
The market study is being classified by Type (Surfactants, Solvents, Additives, Pigment and Others), by Application (Dishwashing, Hard Surface Cleaning, Laundry/Fabric Care and Others) and major geographies with country level break-up. According to AMA, the Global Home Care Chemicals market is expected to see growth rate of 5.6%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Home Care Chemicals market throughout the predicted period.
BASF SE (Germany), Solvay S.A. (Belgium), Clariant AG (Switzerland), Evonik Industries (Germany), Croda International Plc. (United Kingdom), Ashland Inc. (United States), The Dow Chemical Company (United States), Lubrizol Corporation (United States), Huntsman Corporation (United States) and Akzo Nobel N.V. (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Galaxy Surfactants Limited (India), The Chemical Company (United States) and Fena Private Limited (India).
AdvanceMarketAnalytics has segmented the market of Global Home Care Chemicals market by Type, Application and Region.
On the basis of geography, the market of Home Care Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Home Care Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 8th March 2019, BASF opened a brand-new Customer Innovation Center for its Care Chemicals division serving the Mexican market. BASF specialists will support and work together with consumers to develop applications for the specific requirements and trends of the variability of market segments such as Home and Personal Care, Industrial Processing and Agricultural Additives.
On 8th March 2019, BASF Care Chemicals in North America has launched Plurafac® LF RA-P, a rinse aid additive developed for plastic surfaces and plastic dishware. Plastic dishes absorb less heat than other materials, which in turn leads to less water evaporation on the surface. This causes increased spotting and filming on plastic dishes.
“Federal Hazardous Substances Act (FHSA) The federal law that sets out requirements for the labeling of hazardous household products and prohibits the sale of products that are so dangerous that proper labeling is insufficient to protect consumers.”
- Increasing Adoption in Hospitals and Clinics for Dual Purposes of Cleanliness and As Disinfectant
- Fueling Media Penetration and Literacy
- Rising Dependency on Health’s And Hygiene
- Growing Buying Power of the Middle-Class People
- Developing Urbanization As Well As Growing Environment Concerns
- Upsurge in Application of Eco-Friendly Formulations and Green Products
- Huge Opportunity Due To Government Initiatives towards Application of Advanced Technologies
- Limitations on Prices and Input Costs
- Stringent Government Regulations Related To Home Care Chemicals
Key Target Audience
Manufactures of Home Care Chemicals, Suppliers and Distributors, Industry Association Related To Home Care Chemicals, Regulatory Bodies, Government and Private Research Organizations and Others
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