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Surfactants Market Expected to Reach $58.5 Billion by 2027

 
 

quote The surfactants market is anticipated to witness considerable growth, owing to factors such as low prices & easy availability of surfactants and wide range of application. In addition, extensive use of surfactants in household detergents is further boosting the growth of the surfactants market during the forecast period. However, volatility in raw material prices and environmental concerns related to the surfactants hamper the growth of the market during the forecast period. Moreover, rapid growth of personal care industry and usage of surfactants in neonatal respiratory distress syndrome are anticipated to provide numerous growth opportunities for the market expansion in the upcoming years quote

Eswara Prasad
Manager, Chemical & Materials at Allied Market Research

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According to a new report published by Allied Market Research titled, "Surfactants Market by Type and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027," the global surfactants market was valued at $41.3 billion in 2019, and is projected to reach $58.5 billion by 2027, registering a CAGR of 5.3% from 2020 to 2027. Surfactants, also known as surface-active agents, are organic chemicals with a hydrophilic and a hydrophobic end that when added to a liquid change its properties. Surfactants can be classified either based on the nature of their charge on individual polar functional groups or based on their molecular weights. Depending on the nature of hydrophilic moiety ensuring the water affinity of the molecule, surfactants are majorly classified into anionic, cationic, non-ionic, and amphoteric surfactants. Anionic surfactants are majorly derived from carboxylation, sulfation, and condensation of fatty acids and phosphoric acid derivatives. Cationic surfactants are obtained by reaction of tertiary amines with classical alkylating agents, whereas alkylation processes of betaines and true amphoteric surfactants produce the amphoteric surfactants. In 2019, anionic and non-ionic surfactants occupied more than 82.6% of the surfactants market, in terms of volume.

The growth of the surfactants market is majorly driven by development of end-user industries and changes in lifestyle in the developing economies. However, factors such as volatility in raw material prices, increase in inclination toward green products, and governmental pressure for implementation of eco-friendly chemical processes are expected to impede the market growth. Moreover, enforcement of stringent regulations toward the use of surfactants due to their environmental issues and pollution control laws for manufacturing processes limit the adoption of surfactants; thereby, restraining the market growth.

On the basis of type, in 2019, the anionic surfactants segment dominated the global surfactants market in terms of revenue. This is owing to their low price and properties such as foaming, detergency, solubilizing, and emulsification, with wide application in detergents, toiletries, washing powders, and industrial applications as well as the personal care market.

On the basis of application, the household detergents segment dominated the global surfactants market by accounting for the highest revenue in 2019. This is attributed to increase in awareness among people regarding personal hygiene and other cleaning processes for household applications.

On the basis of region, the global surfactants market size is analyzed across four major regions, which include North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the dominant global surfactants market share in 2019, and is anticipated to maintain its dominance during the forecast period. This is attributed to numerous factors such as huge consumer base and presence of key players in the region.

BASF SE, Clariant AG, Croda International Plc, Nouryon, Stepan Company, Huntsman Corporation, Evonik Industries AG, Indorama Ventures Public Company Limited, Lonza Group, and Kao Corporation are the key player profiles included in the report. Other players operating in the value chain include Ashland Global Holdings, Inc., Dow Chemical Company, Wacker Chemie AG, Galaxy Surfactants, Aarti Industries Ltd., and others.

Key Findings of the Study:

  • The anionic surfactants segment is anticipated to dominate the global surfactants market from 2020 to 2027.
  • The personal care application is anticipated to grow with the highest CAGR throughout the forecast period.
  • Asia-Pacific accounted for more than 39.4% of the global surfactants market in 2019.
  • Asia-Pacific is anticipated to grow at the highest rate in the surfactants market during the forecast period, followed by North America.

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quote Surfactants Market by Type (Anionic, Non-ionic, Cationic, Amphoteric, and Others) and Application (Household Detergents, Personal Care, Industrial & Institutional Cleaners, Food Processing, Oilfield Chemicals, Agricultural Chemicals, Textiles, Emulsion Polymerization (Plastics), Paints & Coatings, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

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