In-Depth Analysis of the Saudi Arabia Laundry Chemicals Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Saudi Arabia Laundry Chemicals Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
What are the primary market insights shaping the trajectory of the industry?
The Saudi Arabia Laundry Chemicals Market is estimated to grow at a CAGR of around 4.39% during the forecast period, i.e., 2024-30.
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Who are the top companies in the Saudi Arabia Laundry Chemicals Market?
- WETICO
- Galgorm Group(P&G)
- Unilever Middle East & North Africa
- Henkel AG & Co. KGaA
- Church & Dwight Co., Inc.
- Saudi Industrial Detergents Co.
- Ecolab
- Dow Chemicals
- Technical Chemical Laboratories (TCL)
- International Flavors & Fragrances Inc.
- Abudawood
- Basic Chemical Industries (BCI)
- ENICHEM S.p.A.
- Reza Chemical Industries
- Others
Saudi Arabia Laundry Chemicals Market Segmentation:
By Type
- Emulsifiers- Market Size & Forecast 2019-2030, Volume (Thousand Tons)
- Detergent- Market Size & Forecast 2019-2030, (Thousand Tons)
- Bleaches- Market Size & Forecast 2019-2030, (Thousand Tons)
- Fabric Softeners- Market Size & Forecast 2019-2030, (Thousand Tons)
- Others (pH Adjusters, Blocking Agents, etc.) – Market Size & Forecast 2019-2030, (Thousand Tons)
By Distribution Channel
- Retail Stores- Market Size & Forecast 2019-2030, (Thousand Tons)
- Hypermarkets & Supermarkets- Market Size & Forecast 2019-2030, (Thousand Tons)
- Online- Market Size & Forecast 2019-2030, (Thousand Tons)
- Business-to-Business (B2B)- Market Size & Forecast 2019-2030, (Thousand Tons)
By Application
- Commercial Laundry- Market Size & Forecast 2019-2030, (Thousand Tons)
- Hospitality- Market Size & Forecast 2019-2030, (Thousand Tons)
- Healthcare- Market Size & Forecast 2019-2030, (Thousand Tons)
- Food & Beverage- Market Size & Forecast 2019-2030, (Thousand Tons)
- Textile & Apparel- Market Size & Forecast 2019-2030, (Thousand Tons)
- Others (Educational Institutions, Offices, etc.) – Market Size & Forecast 2019-2030, (Thousand Tons)
- Home Laundry- Market Size & Forecast 2019-2030, (Thousand Tons)
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Regional/ Countries Insight:
- South
- East
- West
- Central
What are the primary market drivers influencing the growth of Saudi Arabia Laundry Chemicals Market?
Saudi Arabia Laundry Chemicals Market Driver:
Expansion of Tourism & Hotel Chains Amplifying the Demand for the Laundry Chemicals – In recent years, there has been a surge in inbound tourism across the country due to the rising live events & prevalence of the cultural heritage sites, like the Nabatean city of Hegra (Mada’in Salih), Al-Hijr (Madain Salih), etc. According to the United Nations World Tourism Organization, in 2023, the country welcomed around 27.42 million inbound tourists, an increase of about 64.78% compared to 2022. The surging number of inbound tourists necessitates the usage of laundry chemicals to clean linens, towels, and clothing during their stays, driving the Saudi Arabia Laundry Chemicals Market. In addition, the increasing inbound tourism is also resulting in the requirement for proper hotel accommodation. As a result, several hotel chains are expanding in Saudi Arabia. For instance,
- In 2024, Hilton, a leading Hotel Group, announced its plan to open around 60 new hotels in Saudi Arabia to cater to the accommodation demand of growing inbound tourists.
These hotels and resorts have high laundry requirements to ensure that guest rooms, linens, towels, and uniforms are clean, fresh, and hygienic. Therefore, there is a consistent need for laundry chemicals in the hospitality sector in Saudi Arabia.
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Gain a Competitive Edge with Market Research Report
- The Saudi Arabia Laundry Chemicals Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Saudi Arabia Laundry Chemicals Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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