The global surfactants market accounted for a value of USD 40.3 billion in 2019. Surfactants market projected to register growth at a CAGR of 3.9% during forecast period.
COVID-19 has impacted the surfactants market as supply chain of finished products and raw materials got disrupted due to travel restrictions. The manufacturing facilities have to shut its units due to lockdown. However, the demand for hygiene products and hand sanitizers has increased in the market. The increasing demand resulted in high prices of sanitizers in the market. The pandemic is a major driving factor.
For more details, visit: Global Surfactants Market By Type (Anionic, Cationic, Nonionic, Others), By Origin (Synthetic and Bio-based), By Application (Home Care, Personal Care, Oilfield Chemicals, Others), By Region, Forecast & Opportunities to 2026
The research and development department of surfactants is growing rapidly and huge investments are made in this department for providing better and efficient products. The awareness about environment is increasing among population and people are demanding eco-friendly products. This increases demand for bio-surfactants in the market and drives growth in surfactants market during forecast period.
On the basis of type, the surfactants market is segmented into anionic, cationic, nonionic, atmospheric, silicone and others. The anionic surfactants segment is estimated to dominate the market during forecast period. Anionic surfactants are surface-active reagents in which head remains negatively charged. This makes it to bind to impurities and particles suspended in the liquid. The environmental regulations imposed by government boosts the surfactants market. Anionic surfactants are used in removing dirt and sebum. The petrochemicals products prices and supply fluctuates which reduces dependency on crude oil. This drives growth in anionic surfactants market during forecast period.
On the basis of application, the surfactants market is segmented into home care, personal care, industrial & institutional cleaning, oilfield chemicals, food & beverage, agrochemicals, textiles, elastomers & plastics and others. Home care segment accounted for largest market share in 2019. It is estimated to dominate the market during forecast period. Surfactants have wide range of applications in home care. It is used in dishwashing detergents, laundry detergents and soaps for laundry and dishwashing, floor cleaners and carpet cleaners etc. it is also used for removing dirt and oil from cloths and dishes. This is likely to drive growth in home care segment during forecast period.
Asia-pacific region accounted for largest market share in 2019. It is estimated to maintain its dominance during the forecast period. In Asia-Pacific region, China is the highest consumer of surfactants market due to its large population. The awareness about hygiene is increasing in this country due to which market for soap, washing powder and detergent is growing rapidly in China. Asia-Pacific region consists of largest population and people are adopting more and more surfactants for cleaning purposes. This drives growth in Asia-Pacific region during forecast period.
The key market players in surfactants market are BASF SE, Nouryon, Evonik Industries, Stepan Company, Solvay, The Dow Chemical Company, Indorama Ventures Public Company Ltd., Clariant, Ashland Global Holdings, Kao Corporation, Lonza, Croda International, Aarti Industries, Adeka Corporstion, AK Chemtech Co., Alzo International, Arkema Group and Bayer AG.
- What are the expected industry trends over the next three to five years?
- Which of the Surfactants type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?