Dublin, March 26, 2024 (GLOBE NEWSWIRE) -- The "Chemical Auxiliary Agents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
Global Market for Chemical Auxiliary Agents Experiences Significant Growth with a CAGR of 4.06% Forecasted Through 2028; Sustainability Trends Spearheading Innovations
The latest research on the global chemical auxiliary agents market highlights a promising growth trajectory, with an anticipated CAGR of 4.06% through to the year 2028. Valued at USD25.64 billion in 2022, this sector plays a fundamental role across diverse industries by enhancing process efficiencies and product performance. The report sheds light on the driving forces behind the market's expansion, which include the booming manufacturing sectors in emerging economies, increasingly stringent quality demands, and the industry-wide impetus on sustainable growth.
Rise in Eco-friendly Product Innovations and Technological Advancements Catalyze Market Success
What sets this market apart is its vital contribution to the robust growth of the construction and textile industries. In construction, chemical auxiliary agents such as dispersing agents are proving critical for improving the durability and functionality of building materials, spearheading a surge in demand corresponding with the global increase in urban development projects. The textile sector similarly benefits from these agents, which facilitate processes from desizing to finishing, leading to textiles that meet the highest standards of consumer quality expectations.
Dispersing Agents Lead the Way in Market Dominance with Wide-ranging Applications
The dispersing agents segment warrants particular attention, having emerged as a dominant force within the chemical auxiliary agents market. These agents are lauded for their crucial function in promoting uniform particle distribution, which translates into better product performance and stability across a myriad of industries.
The continuous technological advancements in dispersing agents have resulted in more effective solutions tailored to meet specialized needs, bolstering their demand and maintaining their stronghold in the market. Remarkably, the Asia Pacific region has been at the forefront of this market expansion, with significant contributions from economies like China and India, which are experiencing unparalleled rates of urbanization and industrial growth.
Emerging Trends: Sustainable Practices and Regulatory Compliance Shape Future Market Landscape
- Environmental Responsibility and Sustainability: With an increased emphasis on sustainability, manufacturers are embracing green chemistry to develop bio-based and biodegradable auxiliary agents, addressing environmental concerns and regulatory standards.
- Technological Innovations: Companies are investing in R&D initiatives focused on creating efficient, sustainable products, reducing reliance on hazardous substances, and aligning with global sustainability trends.
- Robust Growth in End-use Sectors: The robust growth in construction activities globally, alongside the expansion of the textile, paint, and paper industries, is driving the intensified need for chemical auxiliary agents.
Comprehensive Analysis Presented in Report with Segmental Insights and Regional Outlook
This analytical report provides an in-depth look at the strategies and dynamics shaping the global chemical auxiliary agents market. It includes a thorough evaluation of key segments, including product types and end-user industries, alongside a detailed regional analysis spotlighting the Asia Pacific as the reigning regional market. The competitive landscape is outlined with profiles of major industry players, highlighting their market positioning and innovation strategies as they adapt to emerging trends and regulatory changes.
This market research underlines the potential and opportunities within the chemical auxiliary agents market, delineating the trajectory for businesses to navigate for achieving sustainable growth and innovation.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $25.64 Billion |
| Forecasted Market Value (USD) by 2028 | $32.61 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Archroma US Inc
- Camex Ltd.
- Covestro Ag
- Croda International PLC
- Dow Chemicals Company
- Evonik Industries Ag
- Huntsman International LLC
- Solvay SA
- ZSCHIMMER & SCHWARZ Inc.
- PIDILITE INDUSTRIES LTD.
For more information about this report visit https://www.researchandmarkets.com/r/w2jymr
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
