MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Laundry Chemicals Estate Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Saudi Arabia Laundry Chemicals Estate Market (2024-2030)
The Saudi Arabia Laundry Chemicals Market size is expected to exhibit a growth rate (CAGR) of 4.39% during the forecast period, i.e., 2024-2030.
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What is driving the Saudi Arabia Laundry Chemicals Estate Market?
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.
What segments define the Saudi Arabia Laundry Chemicals Estate Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
(Emulsifiers, Detergent, Bleaches, Fabric Softeners, Others),
By Distribution Channel
(Retail Stores, Hypermarkets & Supermarkets, Online, Business-to-Business),
By Application
(Commercial Laundry, Home Laundry)
By Region
(South, East, West, Central)
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Who are the leading key players shaping the Saudi Arabia Laundry Chemicals Estate Market landscape?
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,
Questions Addressed in this Study
1.What factors are driving the Saudi Arabia Laundry Chemicals Estate Market growth?
2.How is the Saudi Arabia Laundry Chemicals Estate Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Saudi Arabia Laundry Chemicals Estate Market?
4.What is the current size of the Saudi Arabia Laundry Chemicals Estate Market, and how is it projected to change in the future?
6.What is the future outlook for the Saudi Arabia Laundry Chemicals Estate Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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