TAED Market Growth Driven by Rising Demand in Detergents and Cleaning Agents: Global Outlook to 2029
The Tetraacetylethylenediamine (TAED) Market size is projected to grow from USD 881 million in 2024 to USD 1,070 million by 2029, registering a CAGR of 4.0% during the forecast period. The demand for TAED is driven by factors such as the environmentally friendly properties of TAED and the energy-saving characteristics of TAED as it helps reduce the power consumption of washing machines.
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The reasons mentioned are anticipated to contribute to the TAED market's continued growth in the upcoming years. In order to keep up with the increasing demand, the major competitors in the market are concentrating on growth and acquisitions. In order to secure steady growth and fortify their positions in the market, they have implemented these techniques. They are able to effectively address the increasing demand for application and end-use sectors thanks to these techniques. Also, companies operating in this market, such as WeylChem International GmbH (Germany), Zhejiang Jinke Peroxide Co., Ltd. (China), The Lubrizol Corporation (US), STPP Group (China), Fengchen Group Co., Ltd. (China), Shanghai Deborn Co., Ltd. (China), Zehao Industry Co. , Ltd. (China), Otto Chemie Pvt. Ltd. (India), Acuro Organics Limited (India), and Hefei TNJ Chemical Industry Co., Ltd. (China) adopt acquisitions, new product launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.
WeylChem Group is a part of International Chemicals Investors Group (ICIG) that provides custom manufacturing and tolling services, advanced intermediates & reagents, and performance products & detergent chemicals. WeylChem is one of the key suppliers of raw materials for laundry detergents and household cleaning products across the world. WeylChem group conducts business in various industries, namely, agrochemical industry, pharmaceuticals, polymers, personal care products, specialty chemicals, and detergent chemicals. WeylChem Wiesbaden GmbH, a part of WeylChem group, deals with the production of additives for detergents through its two production plants that manufacture TAED and alkanesulphonate.
Zhejiang Jinke Peroxide Co., Ltd. was established in 2007, and it is one of the largest manufacturers of peroxides in China. The company is specialized in the study and manufacturing of peroxides, activating agents, and performance fine chemicals. It is known to be the sole big producer of TAED in Asia and has won various awards, such as National Key High-tech Enterprise, Zhejiang Province Green Enterprise, and Zhejiang Province Patent Model Enterprise. The company's sodium percarbonate and TAED products are used for household cleaning, industrial cleaning, personal care, textiles, papermaking, printing & dyeing, environmental protection, and many other fields.
Lubrizol Corporation is a renowned global specialty chemical company. With decades of experience and a commitment to innovation, Lubrizol serves a wide range of industries, including transportation, industrial, consumer, and specialty markets. Lubrizol's expertise in specialty chemicals spans a broad spectrum, encompassing additives, polymers, and advanced materials. The company's research and development capabilities are at the forefront of technological innovation, enabling the creation of high-performance products tailored to meet specific customer needs. By collaborating with customers, Lubrizol can tailor solutions to enhance the effectiveness and efficiency of TAED-based products in applications such as laundry detergents and cleaning formulations.
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Shanghai Deborn Co., Ltd. produces and supplies textile, plastic, detergent chemicals, and intermediates. The company operates through two plants located in industrial park of Xinxiang city and Shangqiu city of Henan province. The company deals in the production of textile auxiliaries, polymer additives, detergent chemicals, and performance intermediates. The TAED production takes place under the detergent chemicals segment. The company's sales and distribution network are extended to various regions such as Europe and South Africa.
Acuro Organics Limited supplies and develops chemicals along the various fully recognized international standards. The company has a global network and imports TAED and aims at offering excellent quality in terms of chemical outputs and services. The company is a performance chemicals company and trades in various chemicals such as activated carbon, polymers, chelating agents, boiler chemicals, and RO maintenance chemicals, among others. The company has an excellent infrastructure backed by highly advanced technology and largely sophisticated machines that assist in the chemical operations and procedures.
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