Home Care Chemicals Market Analysis | 2021-2026

Market Insights

The Home Care Chemicals Market is estimated to grow from USD 21.6 billion in 2020 to USD 30.8 billion by 2026 at a healthy CAGR of 6.2 % during the forecast period.

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What is Home Care Chemicals?

Home care chemicals refer to a broad category of chemical products used for cleaning, disinfecting, and maintaining various surfaces and environments within residential settings. These chemicals are formulated to remove dirt, stains, grease, grime, and germs from surfaces such as floors, countertops, appliances, furniture, and bathroom fixtures.

Key Players

Key players operating in the global Home Care Chemicals Market are-

• The Lubrizol Corporation (US)
• Akzo Nobel N.V. (Netherlands)
• Evonik Industries AG (Germany)
• Croda International plc (UK)
• Clariant AG (Switzerland)
• The Dow Chemical Company (US)
• BASF SE (Germany)
• Ashland Global Specialty Chemicals Inc. (US)
• Huntsman Corporation (US)

Market Dynamics

The global growth of the home care chemicals market size is primarily driven by widespread product use across applications such as floor cleaning, laundry and dish wash among others. Growing consciousness among consumers about hygiene and healthcare is expected to add to the market growth substantially. In addition to this, rising demand for new products is likely to create lucrative opportunities for the players operating in the global market during the review period.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of home care chemicals declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Segment’s Analysis

Application Trends

Based on application, the home care chemicals market has been divided into laundry/fabric care, hard surface cleaning, dishwashing, and others.  The laundry /fabric care application segment accounted for the largest market share in 2020. The segment growth can be attributed to high product usage across households.

Regional Trends

By region, the North America home care chemicals market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the high product adoption rate coupled with the presence of key market players such as The Lubrizol Corporation (US) and The Dow Chemical Company (US). The market growth in the Asia-Pacific region is expected to grow at the fastest CAGR during the review on account of increasing product demand coupled with rising hygiene and healthcare consciousness among consumers in developing countries, particularly China and India.

Target Audience

The target audience of Home Care Chemicals Market includes-

• Home Care Chemicals Vendors
• Home Care Chemicals Manufacturers
• Home Care Chemicals Distributors
• Organizations
• Government Bodies

Research Methodology

This report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence most comprehensively. The sports nutrition market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

What Deliverables will you get in this report?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.