Report ID: UCMIG30K2017
Report ID:
UCMIG30K2017 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2019, the global detergent chemicals market was estimated at USD 46.2 billion, and it is expected to grow at an 8.6% CAGR between 2020 and 2027.Over the projected period, the market is expected to be driven by rising demand for detergents from the cosmetics, personal care, institutional, and domestic end-use industries. Consumers are spending more on domestic laundry cleaning goods as a result of rapid urbanisation and higher disposable income. These facts point to increased consumption of detergent detergents in the next years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Household Products by segment aggregation, the contribution of the Household Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30K2017