Surfactants Market Trend Size Share Causes Industry and Forecast to 2023

Posted by Moin Patni on March 20th, 2018

Surfactants Market Overview:

Surfactants are compounds that are used to lower the interfacial tension between liquids, gases, and solids. These compounds also act as wetting agents, emulsifiers, foaming agents, detergents, and dispersants. Surfactants are organic compounds that contain hydrophilic and hydrophobic groups. These compounds are classified mainly into four type’s namely cationic surfactants, nonionic surfactants, anionic surfactants and amphoteric surfactants. The properties of surfactants such as wettability, emulsion, dispersion, and stabilization among others pave their way into many end-user industries. The growing demand from the end-user industries are major factor contributing to the growth of the market. The major end-user industries includes homecare and personal care, oil and gas, agriculture, paints & coatings and construction among others. Moreover, the growing demand for biosurfactants owing to the stringent government regulations is anticipated to be a major opportunity in the growth of the market.

Among the various product segments in surfactants market, the anionic surfactant is the leading segment of the market and is anticipated to continue its dominance over the forecast period. The anionic surfactant is expected to register a market share of above 27% during the forecast years. Moreover, the amphoteric surfactant segment is expected to be the fastest growing segment on account of its superior properties such as foam stabilization & foaming, detergency, biodegradability and conditioning among others.

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Regional Analysis:

The surfactants market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is the leading region of the market and is expected to grow with an encouraging CAGR. Growing population coupled with increasing purchase power parity  in the developing nations are primarily driving the growth of the surfactants market. Moreover, the burgeoning retail sector in the region coupled with the penetration of smartphones has made the availability of consumer goods easier, which, in turn, is surging the market growth. The homecare application is the largest applications of surfactants accounted for a market share of over 30%. The growing purchasing power in the region has propelled the demand for home care and personal care products mainly in China and India.

North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of the developed end-user industries is expected to augment the need for surfactants, especially in Canada and the U.S. Moreover, the recent shale gas boom has augmented the exploration and production activities mainly in the U.S.

Segment Analysis:

The global surfactants market is segmented into product type and application. On the basis of the product type, the market is segregated into cationic surfactants, nonionic surfactants, anionic surfactants, amphoteric surfactants, and others. The market by the application is further categorized into homecare & personal care, industrial and institutional cleaners, food processing, oil field chemicals, agricultural chemicals, textiles, emulsion polymerization, paints & coatings, building & construction, and others.

Key Players:

Akzonobel N.V (Netherland),

Air Products and Chemicals, Inc (U.S.),

Clariant AG (Switzerland),

E. I. Du Pont De Nemours & Co (U.S.),

Evonik Industries AG (Germany),

Huntsman Corporation (U.S.),

KAO Corporation (Japan),

Solvay (Belgium),

Stepan Company (U.S.)

Galaxy Surfactants Ltd (India).

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Moin Patni

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Moin Patni
Joined: February 20th, 2018
Articles Posted: 412

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