Published By : 24 Jun 2016 | Published By : QYRESEARCH
Laundry detergents are an integral part of cleaning households, hotels, and other forms of fabric-related goods. These materials are manufactured with oleochemicals or petroleum along with surfactants, detergents alcohols, alkyl sulfates and sulfonates, and salt of fatty alcohols. The increasing awareness amongst consumers about hygiene is the primary growth driver for the global laundry detergents materials. The burgeoning laundry industry across the globe is yet another factor propelling the overall market.
Changing Lifestyles Drive Global Market
The changing lifestyles in the developing countries, increasing disposable incomes, and shifting perceptions about cleanliness are the primary growth drivers for the laundry detergent market, which is turn is driving the laundry detergent materials market. The exponentially growing population in these regions is likely to be the push this market further in the coming years.
Strong Marketing Campaigns Keep the Demand Upbeat
The strong marketing campaigns that appeal to the household sensibilities have also been heralding this market. This trend is expected to continue, especially in the emerging economies, which is expected to lead to a huge demand for laundry detergents materials market.
Asia Pacific to Emerge as a Leader in Near Future
Currently, North America leads the global laundry detergents materials market. However, analysts predict that the growth of this market is likely to stagnate as it is likely to reach maturation. On the contrary, Asia Pacific is expected to pick up pace in the coming years. The changing consumer behavior patterns and the remarkably evolving lifestyles are anticipated to boost the Asia Pacific laundry detergents materials market. Europe is also expected to show considerable progress as this regions remains the biggest manufacturer and exporter of laundry detergents materials to the developed nations.
The only drawback the global laundry detergents materials market faces is the health hazards of laundry detergents on human health. The unstable nature of raw material prices is also likely to hamper the overall market in the near future.