The global surfactants market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Surfactants are specialty chemicals used for domestic and industrial purposes such as cleaning, wetting, dispersing, emulsifying and foaming agents, as detergents, fabric softeners, and emulsions, as additives in paints, adhesives, inks, biocides, cosmetics, and others. Surfactants are segmented based on their chemical type and chemical properties. Some of the common surfactants include sulphonated linear alkyl benzenes (LAB) and branched alkyl benzenes (BAB).
Based on chemical properties surfactants can be anionic, cationic, amphoteric and non-ionic surfactants. Based on chemical types they can be sulphonated and ethoxylated surfactants. And based on the source they can be synthetic or biobased surfactants.
As surfactants are one of the major products used in residential, industrial/commercial cleaning, detergent and other markets, demand from these markets is expected to increase the growth of surfactants market. Demand from residential, industrial/commercial cleaning, detergents and other markets are actually increasing because of growing population and extra income in developing countries. Additionally, rising demand for additives in paints, adhesives, inks, biocides, cosmetics, and others is likely to drive surfactants market.
Drivers and Restraints of Surfactants Market
Growing investments in cleaning and detergent industry in regions like Asia and the Americas are likely to offer tremendous possibilities for surfactants market in the future. As a result of accessibility to raw material, multinational businesses are investing in resource-rich regions to be able to limit the overall production cost.
Surfactants are exposed to the probability of volatility in supply and prices of crude oil. Upstream feedstock chemicals like benzene are highly influenced by the price movements of crude oil and therefore affect the cost of production of surfactants. Environmental concerns on biodegradability of surfactants are a growing trend in the market. Existing and future environmental and health regulations concerning the use of certain surfactants are likely to challenge the market growth.
Surfactants Market by Region
Asia was the largest consumer of surfactants and this pattern is anticipated to be identical over the following few years. Consumption in the Asia is showing upward trend because of increase in economic activity. Growing demand for residential, commercial cleaning agents, detergents and others will drive surfactants market in the Asia. With major production capacities in Asia, the region is likely to grow in terms of global supply capability. Demand from Europe was relatively stable and is likely to stay same in the next few years. Consumption of surfactants in the Americas is likely to grow at a significant rate.
Top players in this market include Akzo Nobel N.V., Air Products and Chemicals, Inc., BASF SE, Clariant AG, and E. I. du Pont de Nemours and Company, among others.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Potential and niche segments, regions showing promising growth