Global Surfactants Market Overview
Surfactants are surface active ingredients which reduce the surface tension of liquid. When surfactants are added in a liquid, it increases its wetting and spreading properties. In dyeing of textiles, surfactants help the dye to penetrate the fabric evenly. Surfactants are also used to disperse aqueous suspensions of insoluble dyes and perfumes. Surfactants find application in various segments ranging from personal usage to industrial applications. They comprise of both water-soluble as well as water-insoluble components. The global surfactants market accounted for USD 43.36 billion in 2020 and is estimated to be USD 73.88 billion by 2030 and is anticipated to register a CAGR of 5.52%.
Global Surfactants Market Drivers & Restraints
Rising Demand for Personal Care Products
Personal care is a major application for surfactants, as they are one of the important ingredients required in skin care, hair care, ointments, gels, creams, and other cosmetic products. The industry is growing rapidly as personal care products have high demand among customers. The increase in spending on better personal care products is driving the surfactants market. Also, the retail sector is getting organized in emerging economies such as China, India, and Brazil which is also helping personal care industry to flourish. The industry is continuously evolving to comply with changing consumer preferences. Earlier soaps and shampoos were the major application areas of surfactants in this industry. However, the use of surfactants in various cosmetic products such as cold creams and lotions is also gaining momentum, thus driving the market. The growing focus on “green chemistry” by many companies to meet the demand for eco-friendly products from consumers has taken the personal care industry to a new dimension. These factors positively influence the use of surfactants in the industry.
The Growth of Food & Beverages Industry
The growing population and changing lifestyle have created a need to suffice the food necessities of the people, and the food and beverages industry is responding with innovative products. Now, surfactants are used as emulsifiers which are essential for the creation and stabilization of the structure in food. Moreover, with the growing awareness about healthy food, people are preferring organic food which is leading to a demand for bio-surfactants which have high biodegradability, lower toxicity, and activity at extreme temperatures. These reasons are collective aiding to an increase in the demand for surfactants in the food & beverages industry, and thus, there is an upsurge in the surfactants market size.
Environmental Issues
Environmental issues address certain key concerns that include toxicity, biodegradability, eutrophication, and lifecycle analysis. One of the biggest challenges faced by the surfactants industry is the level of the environmental effect caused by the use of its various products, like detergents. This is likely to hinder the market growth.
As the demand for specialty surfactants is growing rapidly in various applications, the market for specialty surfactants is projected to increase drastically during the forecast period, thus providing opportunities for innovations in application-specific products.
Global Surfactants Market Segmentations & Regional Insights
The global surfactants market is segmented based on type, origin, application, and region.
On the basis of type, the global surfactants market is segmented into anionic surfactants, cationic surfactants, non-ionic surfactants, amphoteric surfactants, silicone surfactants, and other types. Based on origin, the target market is classified into synthetic surfactants, and bio-based surfactants. The bio-based surfactant is further bifurcated into chemically synthesized, and bio-surfactants. Based on application, the global market is segmented into household soap and detergents, personal care, lubricants and fuel additives, industry and institutional cleaning, food processing, oilfield chemical, agriculture chemicals, textile processing, and other applications.
Regional Insights:
The global surfactants market accounted for USD 43.36 billion in 2020 and is estimated to be US$ 73.88 billion by 2030 and is anticipated to register a CAGR of 5.52%. On region the global surfactants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to observe sluggish growth due to stagnant end-use industries in the region. Economic slowdown in the region has also adversely affected the market in North America and Europe. Emerging economies including India, China, Thailand has shown upward trend in consumption of surfactant due to rising disposable income of population. Low manufacturing and labor cost in emerging economies including China and India has propelled many industry players having bases in matured economies to shift those to emerging economies so as to achieve economies of scale.
Report Scope:
Segments Covered in the Report:This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global surfactants market report based on type, origin, application and region: Global Surfactants Market, By Region:
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Global Surfactants Market Competitive Landscape & Key Players
The key players operating the global surfactants market includes BASF SE, The Dow Chemical Company, Stepan Company, Evonik Industries AG, Kao Corporation, The Proctor & Gamble Company, Clariant, Lion Specialty Chemicals Co, Ltd, 3M Company, and Akzo Nobel NV. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in June 2018, Procter & Gamble (P&G) announced presentations given on new research into sustainability innovations for its Tide laundry detergent. The presentations discussed the potential for improved cleaning performance in cold water conditions with detergents containing a patented branched surfactant. In August 2019, Clariant, a focused and innovative specialty chemical company, today announced will participate in the Inter Lubricin China exhibition this year by highlighting Emulsogen C, Emulsogen MTP and Genapol EP, from the specialty chemical company’s new range of emulsifiers that offer outstanding formulation advantages with minimal human and environmental impact. In addition, its Polyglycol synthetic base fluids will also be featured at the show, which will be held on August 21-23 at the Poly World Trade Center Expo in Guangzhou, China.
Global Surfactants Market Company Profile
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Dow Chemical Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stepan Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evonik Industries AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kao Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Proctor & Gamble Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Clariant
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lion Specialty Chemicals Co, Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 3M Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Akzo Nobel NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Surfactants Market Highlights
FAQs
The market was valued at US$ 31 Billion in 2018
The market is expected to grow at a CAGR of 4.8% over the forecast period.
The market is segmented on the basis of product type, origin, application & region
Increasing demand for personal & home care products and favourable growth of end-use industries are the key driver for the growth of the market
The key players operating the global surfactants market includes BASF SE, The Dow Chemical Company, Stepan Company, Evonik Industries AG, Kao Corporation, The Proctor & Gamble Company, Clariant, Lion Specialty Chemicals Co, Ltd, 3M Company, and Akzo Nobel NV.