The ‘Global Surfactants Market Share, Size, Analysis, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global surfactants market, assessing the market on the basis of its segments like type, end use, and major regions.
Surfactants Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.20%
The global surfactants market is expected to witness a steady growth in the forecast period owing to increasing consumer awareness for hygiene, growing urbanisation, and rising living standards of the population. The growing use of cleaning products, shampoos, sanitisers, and soaps and the low prices and easy availability of surfactants has further enhanced the growth of the surfactants market.
Low raw material prices and lesser production costs is expected to surge the demand for surfactants. The anionic type of surfactants is projected to grow at a rapid pace, owing to their wide use in the agriculture sector for pesticide formulations and increasing use in household cleaning applications, owing to its ability of foam-formation, when mixed with a base.
Furthermore, the growing usage of surfactants in making anti-fog liquids that restrict moisture or condensation build-up on lenses, as well as fabric softeners is bolstering the market growth. The increasing usage of surfactants in the production of shale gas, which is further used for transportation and power generation, is expected to catalyse the surfactants market in the coming years.
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Surfactants Industry Definition and Major Segments
Surfactants are chemical compounds with hydrophilic and hydrophobic ends, that decrease the surface tension between two liquids or a liquid and a solid, by acting as emulsifiers, detergents, wetting agents and foaming agents. They play an important role in cleaning agents and as a lubricant, owing to their properties like emulsion, wettability, froth formation, and detergency.
On the basis of type, the market is segmented into:
• Cationic Surfactants
• Anionic Surfactants
- Breakup by Type
- Linear Alkyl Benzene
- Fatty Alcohol Ether Sulphate
- Fatty Alcohol Sulphate
- Others
• Non-ionic Surfactants
- Breakup by Type
- Fatty Alcohol Ethoxylate
- Alkyl Phenol Ethoxylate
- Others
• Amphoteric Surfactants
• Others
Based on end use, the market is divided into:
• Household Detergents
• Personal Care
• Institutional and Industrial Cleaners
• Food Processing
• Plastics
• Paints and Coatings
• Oilfield Chemicals
• Agriculture Chemicals
• Adhesives
• Textiles
• Others
On the basis of region, the market is classified into:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
Surfactants Market Trends
The growing inclination of consumers towards beauty and skincare is contributing to the surging demand for surfactants, which are utilised for the formation of creams and lotions. Shaving foams and hair removal creams also use surfactants as a lubricant, to remove stubble easily, without casing irritation and preventing risk of any cuts. Increasing investments in research and development coupled with the technological advancements in the oilfield industry has made the environment favourable for the market for surfactants.
With rapid industrialisation and recent developments in the field of biotechnology, the demand for environments friendly products like biosurfactants is on a rise, which is bolstering the growth of the surfactants market. The acceptance of green surfactants has further helped in providing the benefits of proper wetting and greater cleansing, apart from contributing to sustainability. Market players are now focussing on the development of greener-processes, less packaging, and the use of polymeric surfactants, in line with the growing consumer willingness to purchase more safer and natural products.
Key Market Players
The major players in the global surfactants market report are BASF SE, Clariant AG, Croda International Plc, Dow Inc., Indorama Ventures Public Company Limited, Kao Corporation, Lonza Group AG, and Evonik Industries AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
