Peru Surfactants Market - Forecast(2024 - 2030)

Peru Surfactants Market Overview

The Peru Surfactants market size is estimated to grow at a CAGR of around 3.5% during the forecast period 2022-2027. Surfactants are chemical compounds that lower the surface tension of the liquid and allow the increased spread-ability between the liquid-liquid interface or liquid-gas interface. Mainly, they are of four types namely, cationic surfactants, amphoteric surfactants, anionic surfactants and non-ionic surfactants such as phosphate esters, esterquat, ethoxylates & poloxamers. In a country like Peru, surfactants are used in industries like textiles, metal, automotive, construction and mining. Hence, factors like high demand for passenger cars, growing mining activities, increase steel production and growing textile exports are driving the growth of Peru's surfactants market. However, the negative impact of surfactants on the environment can limit the usage of surfactants in some industrial sectors in Peru which can hamper the growth of the Peru surfactants industry. In 2020, COVID-19 negatively impacted Peru's surfactants market as there was a decline seen in certain end-user of surfactants in Peru such as automotive. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2020, overall sales of new passenger cars in Peru were 81,496 units, showing a 29% decrease in sales compared to the number of units sold in 2019. Surfactants such as amphoteric surfactants are used as automotive engine lubricants to help keep the particles from sticking to engine parts. Hence, the decrease in sales of automotive had a negative impact on the usage of surfactants in them. This declined the growth of the Peru surfactants industry.

Report Coverage

The “Peru Surfactants Market Report – Forecast (2022 – 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Peru surfactants industry.

Key Takeaways

• Surfactants form a major ingredient in making detergents, especially laundry and dishwashing detergent as it works by breaking down the interface between water and dirt, thereby allowing their removal.
• The higher execution of public work has helped in raising the construction activities in Peru which would create more usage of surfactants in construction applications like adhesives and concretes.
• The steadily growing crude oil production capacity of Peru would create growth opportunities for the Peru surfactants industry, as surfactants are used during crude oil production as emulsion breakers.

Anionic surfactants segment held the largest share in the Peru surfactants market in 2021 and is forecasted to grow at a CAGR of 3.2% during the forecast period 2022-2027. Anionic surfactants have rich anti-corrosive properties due to which such surfactants have high usage in the metal sector where they are used as a wetting agent in the casting process of metals. The growing production of metals such as steel will positively impact the usage of anionic surfactants in steel casting. For instance, according to Peru’s National Institute of Statistics and Informatics, in December 2020, steel production in Peru was 105 thousand tones, showing a 15.7% increase in comparison with production volume in 2019 for the same month. Such an increase in steel production will increase the usage of anionic surfactants such as phosphate esters as a wetting agent in the steel casting process, which will have a positive impact on the anionic surfactants' growth over the forecasted period.

Peru Surfactants Market Segment Analysis – by Application

The detergent segment held the largest share in the Peru surfactants market in 2021 and is forecasted to grow at a CAGR of 4.4% during the forecast period 2022-2027. Surfactants are among the most essential ingredients encountered in detergents such as laundry and dishwashing detergents due to their cleaning and foaming properties. One of the surfactants that are mostly used in laundry detergents is anionic surfactants such as phosphate esters because of their excellent work to remove dirt, clay and oily particles from items such as clothes, dishes and other household items. Hence, due to rapid urbanization and a growing focus on a hygienic lifestyle, the demand for household cleaning products especially detergents has increased in countries like Peru. Such growing demand will increase the usage of surfactants in detergents as wetting agents in Peru. This extensive factor will have a positive impact on the detergent segment growth during the forecast period, thereby boosting the market growth of the Peru surfactants industry.

Peru Surfactants Market Segment Analysis – by End-Use Industry

The cleaning industry held the largest portion of Peru surfactants market share in 2021 and is forecasted to grow at a CAGR of 5.3% during the forecast period 2022-2027. Surfactants namely anionic surfactants are majorly used in the cleaning sector in products like detergents. Hence, due to their rich surface activity, they help in the removal of oil, grease and dust particles from solid surfaces and keep them in suspension in the wash solution, preventing redisposition on clothes. Growing domestic demand in Peru on account of an increase in household consumption would create more demand for household products like detergents, which is anticipated to drive the market growth of the Peru surfactants market.

Peru Surfactants Market Drivers

High demand for Passenger Vehicles

Amphoteric surfactants or non-ionic surfactants such as poloxamer and ethoxylates when added to automotive engine lubricants, help to keep the particles from sticking to engine parts which keep the car in running condition. Factors such as improvement in consumer purchasing power, low-interest rates and improvement in the economy have increased demand for new passenger vehicles in Peru. For instance, according to the International Organization of Automotive Manufacturers, in 2021, the overall number of registrations of new passenger cars in Peru was 1,11,436 units, showing a 37% increase in comparison to the number of vehicles registered in 2020. Hence, such an increase in passenger car registration in Peru will increase the usage of surfactants as an emulsifier in engine lubricants, thereby boosting the growth of the Peru surfactants industry.

Increase in Oil Production

Surfactants such as anionic surfactants are used in the oil and gas sector during crude oil refining. Hence, they are used to reduce the interfacial tension between oil and water, promote emulsification, reduce the solubility of oil and water, increase the rock absorption of crude oil and reduce the viscosity of crude oil. The growing investment of Peru in its oil & gas sector has increased its production level of crude oil. For instance, according to US Energy Information Administration, in January 2022, crude oil production in Peru was 44,000 barrels per day showing a 12% increase in comparison with 39,000 barrels produced in December 2020. The increase in crude oil production will increase the usage of surfactants in the oil & gas sector in Peru, which will have a positive impact on the growth of Peru's surfactants industry.

Peru Surfactants Market Challenge

Negative Impact on Environment

Surfactants are widespread in several human activities because of a series of excellent performances like wetting and emulsifying. However, a large number of surfactants containing wastewater are discharged into the environment, resulting in harming the aquatic life and polluting the water. Moreover, long-term use of surfactants cause health issues such as serious skin infection, damage to enzyme activity and also the body’s normal psychological function is disrupted. Hence, such negative effects of surfactants on the environment and human health can limit their usage in major sectors of Peru such as the cleaning chemicals industry and automotive which are major users of surfactants as well as major wastewater producers. Hence, this can hamper the growth of the Peru surfactants industry.

Peru Surfactants Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Peru Surfactants market. Top 10 companies in the Peru Surfactants market are:

1. Azko Nobel
2. Clariant AG
3. BASF FE
4. Evonik Industries
5. Solvay
6. Croda International Plc.
7. Dow Chemical Company
8. Evonik Industries
9. Lubrizol Corporation
10. Savanah Surfactants

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