Acumen Research and Consulting estimates that global Surfactants market is expected to reach the market value of around US$ 58 Bn by 2028 and is anticipated to grow at a CAGR of around 5.8% in terms of revenue amid the forecast period 2021 - 2028.
Surfactants are hydrophilic and hydrophobic organic chemicals which cause molecules of petroleum to dissolve in water. Owing to their properties including weight, emulsion, detergent, stabilization dispersion and mousse / sparrow shape, they are common through several industries.The growing market growth is driven by the growing demand from end-user industries. In addition, the increasing demand for biosurfactants is projected to be a significant area for business development, owing to tight government regulations.
The report provides analysis of global Surfactantsmarket for the period 2017 - 2028, wherein 2021 to 2028 is the forecast period and 2020 is considered as the base year.
The growth of the global surfactant market leads to rising demand for individuals in varied personal care goods coupled with the growing personal care industry. Rising surfactant use is also a driver in the growth of the global industry in both industrial and household applications. The development of the global surfactants industry will also in the immediate future benefit growing population and changing lifestyle. Strict government restrictions on surfactants, however, are a concern that can hinder the global volatility demand expansion. Furthermore, changing raw material prices can influence the global market development. Nonetheless, rising demand for biodegradable surfactants will provide players on the target market with strong revenue opportunities.
The primary ingredients used for soap formulation and detergents are surfactants. The latest epidemic of COVID-19 and the resulting safety initiatives suggested by the World Health Organization in all countries have caused soap demand and fluid hand washing. This phenomenon would have a major effect on the pattern of surfactant production.
AsiaPacific has been the largest market region because of increased understanding of biological products and growing demand for personal care and home care goods.
Following Asia Pacific was North America, comprising more than 28% in 2020. The sluggish development of the region's depressed end-use sectors is projected to continue in North America and in Europe. Throughout North America and Europe, the global downturn in the region has had a negative effect on the markets.
As a result of increasing supply wages, developing markets, such as India, China have seen a growing rise in surfactant use. In developing markets, including China and India, low development and labor costs have forced various market players located in developed economies to migrate to developing economies in order to gain economies of scale.
Another dominant area of the world economy is North America, which displays an increased CAGR. The emergence of established end user industries, particularly in Canada and the US, is likely to increase the demand for surfactants. In fact, the new boom in shale gas has boosted drilling and development, mainly in the US.
Europe region is projected to expand steadilyduring the forecast period. The region's advanced telecommunications and personal care sectors are the key drivers of consumer growth. In addition, due to its uses in the paint and coating industry, developed automotive industry in the area expected to fuel demand for surfactants. However, the growing demand for packaged foods is expected to help the industry grow as nutritional emulsifiers are used.
Key Players & Strategies
Participants include major global players Clariant, E. I. du Pont de Nemours and Company, Stepan Company, ir Products and Chemicals, Inc., Clariant AG, BASF SE., Akzo Nobel N.V., and Others.
The involvement of many existing players in the industry drives the global surfactant market. Any of the players in the sector respond to their market needs in the supply chain. The markets have become highly competitive, with strong customer bargaining power, low threat to new competitors, low manufacturer bargaining power, low pressure from their replacements, and large production expense. Therefore, the competitiveness between the industry is extreme.
Surfactants Market By Type
Surfactants Market By End Use
Elastomers & Plastics
Food & Beverage
Market By Geography