Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 544 Million | USD 678 Million | 3% | 2021 |
The global Tetraacetylethylenediamine (TAED) Market size was worth around USD 544 million in 2021 and is predicted to grow to around USD 678 million by 2028 with a compound annual growth rate (CAGR) of roughly 3% between 2022 and 2028. The report analyzes the global TAED market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the TAED market.
TAED is the abbreviated form of Tetraacetylethylenediamine, an organic compound with carbon-carbon bonds, and carbon-hydrogen bonds with the chemical formula (CH3C(O))2NCH2CH2N(C(O)CH3)2. TAED is most widely used to activate bleach in detergents and is utilized as an additive for dishwashing or laundry washing substances. In most cases, TAED concentration in detergents and other washing products ranges between 1.45 to 13%. In Europe, as per estimates more than 61,000 tons of TAED were used in 2001.
Once the washing process begins, TAED automatically dissolves within a few minutes of coming in contact with water liquor. In the presence of peraslats like percarbonate or perborate, it undergoes perhydrolysis via tetraacetylethylenediamine (TriAED) to diacetyl ethylenediamine (DAED). Perhydrolysis is the chemical reaction with hydrogen peroxide resulting in two alcohols or hydroxides.
Key Insights
To know more about this report, request a sample copy.
Covid-19 Impact
The demand for TAED during the pandemic fell sharply owing to a sales dip witnessed in the detergent sector. The drop was caused by the sudden halt in the operational activities of laundry service providers. As per a leading Indian newspaper, Economic Times, the sales of detergents between April and September 2020 fell by 7%. Although it is a critical component of detergent, a hygiene product, the global market players registered high losses during this period.
Technological advancement in washing machines to propel market growth
The global Tetraacetylethylenediamine (TAED) Market size is expected to grow owing to the increasing adoption of technology amongst washing machine providers. Since detergents are a must while using either clothes washing machines or dishwashers, the global market may grow as the washing machine market grows. For instance, as per a report by Statista, more than 80% of the American population owns a washing machine.
The revenue in the regional washing machine & dryer market totaled up to USD 70 billion in 2021. The growing number of players along with high product penetration, at least in developed economies may lead to higher demand for TAED, which may further be propelled by the growing demand for less-harmful chemicals as key components in detergents.
Fluctuating raw material prices to restrict the market growth
The global market cap may witness restricted growth due to the calculating prices of the raw materials used to manufacture TAED. The rising political scenario across the globe is projected to act as a major restraining factor since almost all essential industrial sectors are projected to witness a shift in power in the coming few years and manufacturers with a global presence have to be prepared to navigate through these changes.
Increasing marketing and advertising to provide excellent growth opportunities
Manufacturers and producers of the compound as well as end-consumers like determent-makers have adopted exhaustive marketing and advertising activities to reach a larger consumer database especially targeting developing nations. The increasing product innovation trend along with creating products for all consumer groups may provide excellent growth opportunities for the global Tetraacetylethylenediamine (TAED) Market cap in the coming years.
Limited product application to act as a major challenge during the projection period
One of the most challenging factors the global market players face is the limited application of Tetraacetylethylenediamine in the chemicals industry. Currently, the compound is mostly used in the manufacturing of detergent as a bleach-activating agent and plays an insignificant role in the agricultural field. This leads to the target consumer becoming extremely restricted unlike most of the other chemical compounds with wider applications.
The global Tetraacetylethylenediamine market is segmented based on grade, form, end-user, application, and region
Based on grade, the global market is divided into industrial and domestic. The global market generated the highest revenue from the industrial segment with the domestic applications falling short by a very small margin. Industrial-grade detergents act as surface-grade agents. The laundry detergent market was valued at USD 61,717 million in 2020.
Based on form, the global market segments are crystalline, powder, and others. The global market witnessed the highest share in the power segment due to the high demand for the product in domestic and industrial settings. The bulk density for industrial-grade TAED lies between 420 to 750 grams per liter.
Based on end-user, the global market is divided into automobile, construction, textile, food ingredients, pesticides, and others with textile leading with the highest global market share due to increased applications of TAED in detergent manufacturing. As per a recent report, more than 24 million tonnes of soap and detergent were imported across the globe in 2019.
Based on application, the global market is divided into detergents, vinyl acetate monomers (VAM), cleansing agents, bleaching agents, and others with the detergents segment generating the highest revenue in 2021. This is due to the presence of high product penetration along with an increasing number of players at the domestic level. Wheel, India’s leading detergent brand sold more than 2000 crore units in 2009 in the Indian market.
Report Attributes | Report Details |
---|---|
Report Name | Tetraacetylethylenediamine (TAED) Market Research Report |
Number of Pages | 180 |
Key Companies Covered | Muby Chemicals, JINKE Company Limited, idCHEM Co., Ltd., The Lubrizol Corporation, Shandong Chuangying chemical Co. Ltd, Triveni Chemicals, and Haihang Industry. |
Segments Covered | By Grade, By Form, By End-User, By Application and By Region |
Forecast Units | Value (USD Billion), and Volume (Units) |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to lead market revenue in the coming years
The global Tetraacetylethylenediamine (TAED) Market is projected to witness the highest growth in North America during the forecast period owing to the presence of key market players along with high product penetration. In countries like the United States and Canada where more than 80% of households are equipped with advanced devices like dishwashers and washing machines, the demand for detergents is subsequently higher.
The laundry industry is projected to contribute significantly to the global market growth which may be further propelled by the growing research & development activities undertaken by the market players to constantly upgrade the existing products as well as introduce new items.
North America dominates the global market because of the increasing product innovation as well as a rise in strategic activities like collaboration, sales, marketing initiatives, mergers & acquisitions to reach remote areas in developing nations, which pose a lucrative market for further growth.
The global TAED market is dominated by players like Muby Chemicals, JINKE Company Limited, idCHEM Co., Ltd., The Lubrizol Corporation, Shandong Chuangying chemical Co. Ltd, Triveni Chemicals, and Haihang Industry.
By Grade
By Form
By End-User
By Application
By Region
FrequentlyAsked Questions
The global TAED market size is expected to grow owing to the increasing adoption of technology amongst washing machine providers. Since detergents are a must while using either clothes washing machines or dishwashers, the global market may grow as the washing machine market grows.
According to Zion Market Research, the global Tetraacetylethylenediamine (TAED) Market size was worth around USD 544 million in 2021 and is predicted to grow to around USD 678 million by 2028 with a compound annual growth rate (CAGR) of roughly 3% between 2022 and 2028.
The global Tetraacetylethylenediamine (TAED) Market is projected to witness the highest growth in North America during the forecast period owing to the presence of key market players along with high product penetration. In countries like the United States and Canada where more than 80% of households are equipped with advanced devices like dishwashers and washing machines, the demand for detergents is subsequently higher.
The global TAED market is dominated by players like Muby Chemicals, JINKE Company Limited, idCHEM Co., Ltd., The Lubrizol Corporation, Shandong Chuangying chemical Co. Ltd, Triveni Chemicals, and Haihang Industry.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed