PUNE, India, August 28, 2015 /PRNewswire/ --
The report "TAED Market by Application (Detergents, Bleaching Agents, and Cleaning Agents), and by Region (Europe, Rest of the World, Asia-Pacific, and North America) - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The global TAED Market is expected to grow at a CAGR of 2.83% from 2015 to 2020 to reach a value of 543.80 Million USD by 2020.
Browse 21 Tables and 48 Figures spread through 100 Pages and in-depth TOC on "TAED Market".
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The market report defines and segments the global TAED Market with an analysis and forecast applications and region by consumption as well as value.
"Europe is the key market for TAED."
Europe dominated the TAED market in 2014 and accounted for over 50% of the market by consumption. The market for RoW was the second biggest in 2014 and is projected to grow at a CAGR of 2.45% in terms of consumption between 2015 and 2020. On the other hand, the Asia-Pacific region is expected to witness the second highest growth rate by 2020. The major applications of TAED are detergents, bleaching agents, and cleaning agents.
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"Detergent is the largest segment by application and dominates as the key application in the TAED market."
Detergents application segment held the largest market share by value for the TAED in 2014 and accounted for 84.40% share by consumption. The highest growth rate till 2020 in the TAED market is projected to come from the cleaning agents segment which includes denture cleaners, disinfectants and so on. These are used in different applications which are projected to continue to expand in the coming years. Detergents dominate the TAED market by application in terms of value and consumption.
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