Market Insights and Analysis: GCC Laundry Chemicals Market Overview and Projections (2024-2030)
The GCC Laundry Chemicals Market size was valued at around USD 528 billion in 2023 and is expected to reach around USD 1.49 billion in 2024. Along with this, the market is estimated to grow at a CAGR of around 3.6% during the forecast period, i.e. 2024-2030.
Top leading companies in the GCC Laundry Chemicals Market includes:
National Detergent Company SAOG (NDC), Galgorm Group (P&G), Al Basma Detergents & Cleaning Ind LLC, Unilever Middle East & North Africa, Henkel AG & Co. KGaA, Protek, Ecolab, Dow Chemicals, Technical Chemical Laboratories (TCL), International Flavors & Fragrances Inc., Basic Chemical Industries (BCI), ENICHEM S.p.A., Others
GCC Laundry Chemicals Market Opportunity: Growing Investment in Healthcare Infrastructures to Offer Lucrative Opportunities
The population of GCC economies is undergoing a gradual increase on account of a rising number of expatriates from South Asia, Africa, Southeast Asia, Europe, etc. Therefore, the demography of the region is undergoing a gradual shift. The average age of the individuals in GCC exceeds 30 years. A larger and older population drives demand for healthcare services, encouraging governments and private companies to invest in medical care infrastructure to address developing issues. In addition, governments in the GCC nations have been allotting significant budgets towards medical care, mirroring their obligation to further develop healthcare convenience, quality, and results. For instance,
In 2022, Saudi Arabia plans to invest USD 66.67 billion in healthcare infrastructure and boost private sector participation.
Therefore, with the development of new hospitals, medical centers, and clinics, in addition to the extension of present medical care facilities, there would be a greater noteworthy requirement for laundry services to preserve hygiene pointers for affected person materials, towels, and textile materials. Moreover, the GCC nations are getting famous locations for medical tourism, drawing in sufferers from around the world seeking out pinnacle-notch medical remedies at competitive charges. To profit from this pattern and further lift their healthcare sector, governments, and private investors are further investing in cutting-edge medical facilities and particular medical care administrations, fueling the growth & expansion of the market during the forecast period.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Emulsifiers
-Detergent
-Bleaches
-Fabric Softeners
-Others (pH Adjusters, Blocking Agents, etc.)
- Laundry detergent remained the dominant segment with a major market share.
By Form
-Liquid
-Powder
-Pods/Capsules
By Distribution Channel
-Retail Stores
-Hypermarkets & Supermarkets
-Online
-Business-to-Business (B2B)
By Application
-Commercial Laundry
–Hospitality
–Healthcare
–Food & Beverage
–Textile and Apparel
–Others (Educational Institutions, Offices, etc.)
-Home Laundry
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GCC Laundry Chemicals Market Geographic Reach:
The Geographic Reach of the GCC Laundry Chemicals Market evaluates the spread and significance of GCC Laundry Chemicals market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Oman
- Bahrain
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