GCC Laundry Chemicals Market Share, Growth, Trends, Key Players, Investment Opportunities and Future Scope 2030: Markntel Advisors

MarkNtel Advisors has recently published a research report that delves into the  GCC Laundry Chemicals Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.

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GCC Laundry Chemicals Market Insight and Analysis:

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 Industry 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 Form

-Liquid- Market Size & Forecast 2019-2030, (Thousand Tons)

-Powder- Market Size & Forecast 2019-2030, (Thousand Tons)

-Pods/Capsules- 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 and 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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Geographically Analysis:

-By Country

-Saudi Arabia

-The UAE

-Qatar

-Kuwait

-Oman

-Bahrain

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including 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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