Market Overview: GCC Laundry Chemicals Market FY24-30
This reports provides an essential and dependable overview of the GCC Laundry Chemicals Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
The GCC Laundry Chemicals Market size is valued at around USD 1.49 billion in 2024 and is further expected to grow at a CAGR of around 3.6% during the forecast period, i.e., 2024-30.
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GCC Laundry Chemicals Market Driver:
Expanding Hospitality Sector – The GCC nations are known for their cultural & religious places, premium shopping, perfect seashores, and attractive destinations, making them appealing to travelers from around the world. The region’s strategic location between Europe, Asia, and Africa, along with modern infrastructure and top-class hospitality, has contributed to the consistent development of the travel industry. These variables have supported global traveler appearances in the region. As per the United Nations Annual Tourism Barometer 2023, the Middle East became one of the top-performing regions in the travel industry in 2023, with around 87.1 million global travelers, an increment of roughly 22% compared with 2019. This expansion in the travel industry has prompted the development of accommodation infrastructure, including lodgings, resorts, and cafés, across the GCC. Thus, there has been a skyrocketing demand for commercial laundries to keep up with sanitization and cleanliness principles in these facilities. This expanded demand for laundries leads to higher utilization of laundry chemicals in the GCC market. Moreover, governments in the GCC are implementing strategic initiatives to promote tourism and hospitality as key pillars of economic development. For instance,
In 2024, the UAE Ministry of Foreign Affairs in the United Arab Emirates recently unveiled revisions to its visa exemption policy, expanding access for citizens from 87 countries to enter the UAE without the need for a pre-entry visa.
These developments, fueled by the strategic initiatives of the governments of GCC member states coupled with private sector entities in the hospitality industry, are expected to snowball the demand for laundry chemicals in the region.
GCC Laundry Chemicals Market Segmentation Analysis – FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the GCC Laundry Chemicals Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The GCC Laundry Chemicals Market segmentation is enlisted below:
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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By Region
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Oman
- Bahrain
In 2023, Saudi Arabia grabbed the most market share of the GCC Laundry Chemicals Market.
GCC Laundry Chemicals Market Competitive Landscape
The competitive landscape of a GCC Laundry Chemicals market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.
Essential characteristics of the competitive landscape typically encompass:
- Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
- Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
- Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
- Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
- Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
- Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.
Let us know the Key Companies of the GCC Laundry Chemicals Market:
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
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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