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Global Fabric Care Chemicals Market it is anticipated to reach at market value of US$ 3.2 Bn by 2027
Bizizz Market Research has recently published a research report, “Fabric Care Chemicals Market By product Type (Detergent, Bleach, and Fabric softener/conditioner), Application (Residential, Automotive, Hospitality, Aviation, and Healthcare), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Fabric Care Chemicals Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 3.2 Bn by 2027, witnessing a CAGR of 9.1% during the forecast period. Key drivers of the market include benefits offered by Fabric Care Chemicals products, promotional activities, and a wide range of applications, a rise in disposable income in emerging economies, and a changing lifestyle.
Rising awareness regarding the harmful effects of chemical-based detergents and soaps is influencing the consumers to adopt eco-friendly Fabric Care Chemicals products. In response with rising demand from a large consumer base, the manufacturers are continuously engaged in launching eco-friendly products to cater to the demand from several regions. The Fabric Care Chemicals products are used in different industries aviation and automotive for the laundry purpose. These factors are expected to propel the growth of global market in the coming years.
The Fabric Care Chemicals market is anticipated to register a CAGR of over 9.1% during the forecast period.
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By Product, Fabric Conditioner segment held a key/prominent share in Global Fabric Care Chemicals Market in 2018.
The growth of the segment can be attributed to the benefits offered by fabric conditioners. Moreover, the manufacturers are continuously engaged in promotional activities in order to spread awareness regarding advantages associated with using fabric conditioners. Moreover, the promotional activities to prevent the clothes from damages and enhance durability is anticipated to create new opportunities for market growth.
Asia Pacific is Anticipated to Dominate the Global Drones Market during the Forecast Period
The growth of Asia Pacific is mainly due to the changing lifestyle and rise in disposal income in emerging economies such as India, China, and Japan. Moreover, the presence of several detergent companies favours the growth of the region.
Rising awareness regarding the necessity of using Fabric Care Chemicals products to maintain the quality of clothes is estimated to propel the growth of the region. The companies are engaged in research and development activities in order to create innovative products. Several companies offer less water consuming detergent which is intended to enhance their customer base in such regions which have a scarcity of water such as Indonesia, China, and India. This is expected to create ample opportunities for the growth of the region.
Global Fabric Care Chemicals market was highly fragmented among the number of local and global players.
Prominent players operating in the Global Fabric Care Chemicals Market are: Church & Dwight Co., Inc., Wipro Enterprises Limited, Colgate-Palmolive Company, Unilever Group, Henkel Ag & Co. Kgaa, The National Detergent Company Saog, Nice Group, SEITH GMBH, Reckitt Benckiser Group, and Procter & Gamble.
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