The
Chemical Auxiliary Agents Global Market Report 2024 by The Business Research
Company provides market overview across 60+ geographies in the seven regions -
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the
Middle East, and Africa, encompassing 27 major global industries. The report
presents a comprehensive analysis over a ten-year historic period (2010-2021)
and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Chemical Auxiliary Agents Market:
https://www.thebusinessresearchcompany.com/report/chemical-auxiliary-agents-global-market-report
According to The Business Research Company’s Chemical Auxiliary Agents Global
Market Report 2024, The chemical auxiliary agents market size has grown
strongly in recent years. It will grow from $28.7 billion in 2023 to $31.38
billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The
growth in the historic period can be attributed to industrialization,
growth in manufacturing sectors, rising demand for water treatment chemicals,
expanding agricultural activities, globalization of chemical markets.
The chemical auxiliary agents market size is expected to see strong growth in
the next few years. It will grow to $43.11 billion in 2028 at a compound annual
growth rate (CAGR) of 8.3%. The growth
in the forecast period can be attributed to
growing awareness of environmental sustainability, rising demand for
specialty chemicals, expansion of the food and beverage industry, increased use
of chemical auxiliaries in the pharmaceutical sector, development of innovative
materials. Major trends in the forecast period include increasing focus on
green chemistry, demand for bio-based and sustainable chemical auxiliaries,
adoption of smart manufacturing processes, emergence of personalized chemical
solutions, integration of digital technologies in chemical production.
The rising demand for personal care products is expected to propel the growth
of the chemical auxiliary agent market going forward. A personal care product
refers to a group of self-care items used for personal hygiene, cleaning, and
grooming. Chemical auxiliary agents are added to personal care products to
prevent the growth of microorganisms and increase the product's shelf life. For
instance, in February 2023, according to L'Oréal S.A., a France-based personal
care company, sales of consumer products increased from 11.8% to 14.6% and
active cosmetics from 28.0% to 30.6% from the 4th quarter of 2022 to December
31, 2022. Further, the Dermatological Beauty Division closed the year with an
exceptional growth rate of +21.9% like-for-like and +30.6% based on reported
numbers. Therefore, the rising demand for personal care products is driving the
growth of the chemical auxiliary agent market.
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The chemical auxiliary agents market covered in this report is segmented –
1) By Agent: Dispersing Agents, Separation Agents, Solvents
2) By Application: Technical Textiles, Home Furnishings, Apparel
3) By Industry: Construction, Paint, Paper, Textile, Other Industries
Product innovation has emerged as a key trend gaining popularity in the
chemical auxiliary agent market. Major companies operating in the chemical
auxiliary agent market are concentrating on creating innovative products to
strengthen their position in the market. For instance, in June 2022, Cosmo
Specialty Chemicals, an India-based specialty chemical manufacturer, launched
Silky SF, a cationic softener. Silky SF softener is advised as a finishing
agent for all types of fabric, mainly cotton, since it gives the cloth a
smoother surface. The fabric's physical texture is given a supple, fluffy,
soapy, and voluminous surface when used as a finishing treatment. This
finishing chemical can be applied using an exhaust and pad technique to boost
the fabric's lubricity.
The chemical auxiliary agents market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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