Polymers serve various important functions in a detergent including inhibition of crystal growth, dye transfer inhibition, anti-redeposition etc. Polymers are added in detergents due to their wide range of properties suited for several applications. Some of the polymers added into detergents are polycarboxylates, polyvinyl pyrrolidone, vinyl pyrrolidone, etc. The global detergent polymers market are expected to foray ahead with a higher single digit CAGR over the forecast period of 2019-2029. Initiatives of key players towards expanding portfolios of detergent polymers is identified as a recent trend in the Detergent polymers Market. For instance, in October 2016, BASF has launched a new product dedicated towards low temperature washing.
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Sokalan® HP 20 is a polymer that is added with Lavergy™ Pro 104 L that provides enhanced performance in deterging applications. In addition, in January 2019, Itaconix PLC signed a supply contract with Nouryon for its bio-based polymers dedicated towards detergent industry. Such developments tend to increase the competition level amongst key players, thereby driving the detergent polymers market till 2029. Moreover, growth in detergents and surfactants industry, technological advancements coupled with high demand for high performance detergents are some of the factors driving the market growth over the forecast period. However, volatile raw material prices and stringent government regulations are some of the factors restraining the detergent polymers market growth over the forecast period.
Technological advancements in polymer technologies to fuel the global detergent market over the forecast period
Key players are inclined towards the development of innovative polymer technologies to be used in detergents. Through this, the detergent polymers would improve their efficiency. Efforts are being made to create high performance polymers used in detergent formulators and water. Hydrophobically modified polymers are being made with the help of environmentally benign consolvents. For this purpose, isopropyl or rubbing alcohol (IPA) is used most commonly. Hence, such technological advancements are in turn driving the detergent polymers market over the forecast period.
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Among the above-mentioned regions, North America is expected to contribute to the majority of the market share in 2018 in terms of volume owing to high adoption of detergent polymers across residential, commercial and industrial sectors. Further, well-established detergents and surfactants market also tends to strengthen the North America detergent polymers market. Europe hold a considerable market share in 2018 under the global detergent polymers market. Moreover, East Asia and South Asia & Oceania are expected to show high growth rates due to increasing demand for detergents across residential and industrial sectors. Furthermore, increasing population along with rapid urbanization also tends to supplement the regional growth till 2029 under detergent polymers market. China is one of the key emerging markets for detergent polymers in the region. Moreover, Middle East and Latin America account for substantial market share in terms of detergent polymers demand.
Key players of Detergent polymers Market
Prominent players in the global detergent polymers market are BASF SE, Itaconix Corporation, Nouryon and others. The detergent polymers market consists of well-diversified global and regional players with global vendors ruling the market.
The research report presents a comprehensive assessment of the Detergent polymers market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Detergent polymers market report provides analysis and information, according to market segments such as geographies, type and application.
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