Detergent Polymer Market to Rebound Strongly with Sales Pegged at US$ 590.9 Million By 2032

Fact.MR, a source of market research and competitive data, projects that the global market for detergent polymers will be worth US$ 367.4 million in 2022 and will grow at an outstanding CAGR of 4.9% from 2022 to 2032.

Different cleaning agent compositions are created using detergent polymers. Consumption has already increased on the global market as a result of detergent polymers' superior stain removal, whitening ability, and anti-deposition properties.

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In addition to this, governments across the region have raised their voices of sustainability and have been providing incentives to manufacturers following the trail of lowering the carbon footprint. Various chemical companies are opting for alternative solutions for the production of key chemicals used in our daily lives.

Increasing demand for bio-based products and bio-based product offerings by detergent polymer suppliers are set to amplify the market growth in the foreseen period.

Key Takeaways from Market Analysis

• By 2032, the global detergent polymers market will have a valuation of US$ 590.9 Million, growing at a 4.9% CAGR
• The global detergent polymers market has experienced a 3.2% annual growth rate in a historic period (2017-2021)
• Though the majority of the market is still occupied by the consumption of synthetic detergent polymers, the demand for natural & bio-based detergent polymers is expected to rise with a CAGR of 5.8% by 2032
• East Asia will be the highest consumer of detergent polymers, capturing an approximate 28.6% market share by 2032
• Owing to changing consumer preferences, the demand for liquid detergent polymers form is expected to grow at a CAGR of 5.2% annually in the forecast period
• Massive consumption of cleaning agents in residential set-up demand for increased production of detergent polymers and the market is further expected to expand at a CAGR of 5.4%

Eminent Player’s Key Stratagems

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.

• In April 2021, Ashland acquires Schulke & Mayr GmbH; personal care business of global investment organization EQT.
• In February 2020, Clariant added a new bio-based product TexCare SRN 260 to its existing portfolio. The newly launched product is a sustainable solution and has an 80% renewable carbon index.
• In October 202, BASF introduced a new performance polymer Sokalan HP 30 Booster, that can be useful for superior oil removal at low temperatures also.

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Key Companies Profiled

• All-plus Compound Co., Ltd.
• Ashland
• BASF SE
• Clariant AG
• CP Kelco U.S., Inc.
• Dow Inc
• Itaconix PLC
• Patel Chem Tech Industries
• Ran Compounds Pvt. Ltd. 
• Solvay SA
• The Lubrizol Corporation

Market Structure

• By Source:
  • Synthetic
  • Natural & Bio-based
• By Compound:
  • Polycarboxylates
    • Acrylic copolymers
    • Acrylic homopolymers
  • Carboxymethyl Cellulose
  • Polyester
  • Vinylpyrrolidone and PVP
  • Others
    • Copolymers of terephthalic acid
    • Polyethyleneimine ethoxylate
    • PET-POET
    • Maelic Acid Copolymer
    • ATBS copolymer
    • Biopolymers
• By Function:
  • Antiredeposition Agent
  • Dispersing Agent
  • Soil Release Agent
  • Dye Transfer Inhibitor
• By Detergent Form:
  • Powders
  • Granular
  • Liquid
• By End Use:
  • Residential
    • Laundry Care
    • Kitchen Care
  • Commercial
    • Laundry Care
    • Kitchen Care
  • Industrial & Institutional Cleaning
    • Ware Washing Products
    • Vehicle Wash Products
    • Others
• By Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

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