Global Surfactants Market: Demand Analysis and Growth Forecast
Surfactants are organic compounds that lower the surface tension between different states of matter including solid, liquid, and gas. Surfactants are used in detergents, wetting agents, emulsifier, foaming agents, and dispersants. It is used in the process of emulsification and flocculation due to its high absorption rate in the chemical and textile industries. It is also used in personal care products such as conditioners, anti-aging cream, and cleansers.
As per the findings of a newly published market research report by IndustryARC, the global surfactants market size was around $35.426 billion in 2018. Moreover, it is estimated to grow with a CAGR of 5.38% during the forecast period of 2019 to 2025. The report is titled "Surfactants Market: By Type (Anionic, Non-Ionic, Cationic, Amphoteric & Others); By Application (Personal Care, Food & Beverages, Oilfield Chemicals, Agriculture, Textile & Others); & By Geography - Forecast(2019 - 2025),”
According to the Organization of the Petroleum Exporting Countries, the global biomass demand was valued to be 28.0 Mb/d in 2015, and due to the population growth and the increase in the number of organic product foreseen in the future, the demand for biomass is estimated to grow with an annual rate of 1.2% pa through to 2040 which translates to the requirement of a whopping 37.3 Mb/d in 2040. Biomass is foreseen as the next revolution in the surfactants marketplace.
Browse 53 Market Tables, 176 Figures spread through 143 slides and an in-depth TOC “Surfactants Market (2019 - 2025)”
Global Surfactants Market: Leading Segments
The analyst of IndustryARC report highlights that APAC dominated the demand with a regional share of more than 37% in 2018. Furthermore, the detergent is the leading application segment with a CAGR of 2.5% during the aforementioned forecast period. Increasing disposable income is stroking the personal care industry as well as the demand for pharmaceuticals and oilfield chemicals. These trends are evident mostly in the APAC region and reflecting positively over the surfactants market both in terms of production and demand.
There is a lot of investment influx into the surfactants market too. In a report, the Indian Government anticipated the growth of synthetic detergents to be 17.36% in 2018 with a production of 364 tonnes of detergent intermediates. In a report by WHO, the western Pacific region observed total pharmaceutical expenditure to be $288.1 in 2017 in China. Also, the total pharmaceutical expenditure in Indonesia was valued to be $103.9 as of 2017.
Global Surfactants Market Trends
- Eco-friendly feedstock to produce surfactant is necessary to lessen the environmental influence of surfactant production and use in industry.
- Surfactant and detergents industry is inclining towards the use of natural-based chemicals to develop new products.
- Non-ionic surfactants have the greatest use in industry because of their simple production process from different raw material and relatively inexpensive price.
- The outpouring in petrochemical plants in countries including China, India, Japan, and South Korea contributes to the surfactants market growth as it creates easy accessibility of raw materials.
- The harmful effects and increasingly stringent regulations of biodegradability from the government have triggered the interest of consumers and use of bio-based surfactants such as sugar surfactants which continue to gain surfactants market share.
- Surfactants additives used in paints to improve the shelf life and mechanical stability of the product.
Global Surfactants Market Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global surfactants market are BASF SE, The Dow Chemical Company, Stepan Company, Evonik Industries AG, Kao Corporation, The Proctor & Gamble Company, Clariant, Lion Specialty Chemicals Co, Ltd., Solvay S.A., and Huntsman Corporation.
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