| Report Code: A00212 | Pages: 350 | Jun 2020 | 33080 Views | ||
| Author(s) : Saurabh Dixit, Rutuja Danekar , Eswara Prasad | Tables: 200 | Charts: 76 |
| |
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Request Now !The global surfactants market size 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 are organic chemicals with both hydrophilic and hydrophobic ends, which allow oil molecules to dissolve in water. They are applicable across multiple industries, owing to their properties such as wettability, detergency, emulsion, dispersion stabilization, and foam/froth formation. The report exclusively focuses on current market trends and future growth opportunities of different type of surfactants, such as cationic, anionic, non-ionic, and amphoteric.
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 is hampering 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 in the upcoming years.
The global surfactants market is segmented on the basis of type, application, and region. Depending on type, the market is divided into anionic, non-ionic, cationic, amphoteric, and others. Further, anionic surfactant is sub-segmented into linear alkyl benzene, fatty alcohol ether sulfate, fatty alcohol sufate, sulfosuccinates and others. Non-ionic surfactants is sub-segmented into fatty alcohol ethoxylates, alkyl phenol ethoxylates and others. Based on application, it is segmented into household detergents, personal care, industrial & institutional cleaners, food processing, oilfield chemicals, agricultural chemicals, textiles, emulsion polymerization (plastics), paints & coatings, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The surfactants market covers in-depth information of the major industry participants. Some of the major players in the market include 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.
Other players in the value chain of the surfactants market include Ashland Global Holdings, Inc., Dow Chemical Company, Wacker Chemie AG, Galaxy Surfactants, Aarti Industries Ltd., and others.
The key players are adopting numerous strategies such as product launch, business expansions, and investment to stay competitive in the global surfactants market.
For instance, BASF SE, a chemicals manufacturing firm, launched a surfactant named Texapon SFA using Roundtable on Sustainable Palm Oil (RSPO)-certified ingredients that can be used in a range of personal care products. This will enhance the product portfolio of the company.
In addition, Clariant AG, a manufacturer of specialty chemicals, invested at facilities in Europe & the U.S. for enhancing the production capacity isethionates mild surfactants – the Hostapon® SCI range. This additional capacity will be available by first quarter of 2021.
By type, the anionic segment holds the largest global surfactants market share, 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 has garnered the highest market share. This is attributed to increase in awareness among people regarding personal hygiene and other cleaning processes for household applications.
Asia-Pacific has garnered the highest surfactants market share in 2019, in terms of volume as well as revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the presence of key players and huge consumer base in the region.
Surfactants Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
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| By Application |
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| By Region |
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| Key Market Players | BASF SE, CLARIANT AG, CRODA INTERNATIONAL PLC, DOW, INC., Evonik Industries AG, Huntsman International LLC, Kao Corporation, Lonza Group AG, NOURYON, STEPAN COMPANY |
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The development of the end-user industries, changes in lifestyle in the developing economies, and easy availability of surfactants drive the growth of the market across the globe. However, volatility in the raw material prices and environmental concerns of surfactants such as their toxic effects on aquatic organisms are expected to hamper the growth of surfactants market in the near future. Presently, consumption of surfactants in household detergents is highest, and is expected to remain the same throughout the forecast period. This is attributed to various properties offered by surfactants such as surface tension reduction, wetting, emulsion, and dispersion in detergents that aid in the removal of foreign materials from solid surfaces by interfacial adsorption (also known as detergency).
Furthermore, the raw material prices in money of the year (MOY) are expected to be stable, due to low cost of ethylene and glut of natural and synthetic fatty alcohols, except in China, where they are expected to increase by more than 2% year on year (y-o-y).
However, CXOs are optimistic about the further advancements in the production of bio-surfactants. The consumption of the surfactants is highest in Asia-Pacific, owing to improved lifestyle, increase in cost of living, and surge in population, which help industries such as personal care, soaps & detergents, and pharmaceutical to flourish in Asia-Pacific; thereby, supplementing the market growth. In addition, anionic and nonionic surfactants occupied the largest share in the market, as they are produced in high volumes as compared to other surfactants and are cost-effective.
A. In terms of revenue growth, the CAGR of the global surfactants market is 5.3% by 2027.
A. Usage of surfactants in neonatal respiratory distress syndrome and fastest growing market of personal care products are the key trends in the surfactants market.
A. The potential customers of the surfactants market are household detergents, personal care, oilfield chemicals, textiles, plastics, agricultural chemicals, paints & coatings and others.
A. On the basis of type, anionic surfactants will drive the surfactants market growth during the forecast period. On the basis of application, household detergents segment will drive the growth of the surfactants market.
A. The applications of the surfactants market are skin care, home care, oilfield, paints & coatings and other applications.
A. Top players in the surfactants market are BASF SE, Clariant AG, Croda International Plc, Dow, Inc., Evonik Industries AG, Huntsman International LLC, Lonza Group AG, Kao Corporation, Nouryon, and Stepan Company.
A. In terms of revenue, the market size of surfactants market is anticipated to reach $58.5 billion by 2027, growing at CAGR of 5.3% from 2020 to 2027.
A. Asia-Pacific will provide business opportunities for surfactants market during the forecast period. This is attributed to the huge consumer base, increase in personal care market growth, high demand for use in household detergents and rise in demand from agriculture sector.
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