The Latest research study released by Absolute Markets Insights Surfactants Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.In terms of revenue, the global surfactants market was valued at US$ 36813.06 Mn in 2022 and is expected to grow at a CAGR of 4.8% over the forecast period. Some of the Major Companies covered in this Research are: 3M, Arkema S.A., Ashland, BASF SE, Clariant, Croda International Plc, Dow, Evonik Industries AG, Kao Corporation, Lion Specialty Chemicals Co., Ltd., Nouryon, SEPPIC, Solvay, Stepan company and Other Market Participants.
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Global Surfactants Market:
By Type:
- Anionic
- Cationic
- Non-Ionic
- Amphoteric
By Source:
- Synthetic
- Biobased
By Application:
- Home Care
- Personal Care & Cosmetics
- Industrial & Institutional Cleaning
- Oilfield Application
- Food Processing
- Pharmaceutical
- Agrochemicals
- Textile Processing
- Elastomers & Plastics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Global surfactants market is projected to be driven by increasing demand for cleaning, personal care & cosmetic products on account of unprecedented outbreak of Covid-19 virus. Surfactants are primarily used to reduce tension between the liquids or solids, not only for detergency but also for wetting, emulsification, and softening applications. In the midst of Covid-19 pandemic, the practice of cleaning and sanitation has been improved in terms of frequency and quality which subsequently has increased the product demand. High consumption of surfactants in household cleaning products, especially in surface cleaners and disinfectants has flourished with the trend of extreme hygiene practices.
Moreover, demand for laundry detergents witnessed sluggish growth on account of less usage formal wears, as growing trend of work from home coupled with lack of socialising opportunities hindered the formal apparel usage. However, the market for hand wash products witnessed significant growth on account of high hand washing frequency. For instance, Henkel Corporation reported in association with Canadian survey of hand wash, where frequency of handwashing doubled post pandemic. Such a trend highly contributed in rising the demand for surfactants which subsequently will drive the global surfactants market growth over the forecast period.
Growing consumer awareness pertaining to personal hygiene is projected to play vital role in increasing the demand for personal care & cosmetic products. Also, high demand for dishwashing detergents, carpet cleaners, and floor cleaners among others contributed significantly in driving the product demand. Moreover, rising government regulations inclined toward greener process is further catering for huge demand of biosurfactants. Amid covid-19 pandemic the demand for surfactants has increased. In addition, the raw material supply was hampered for short term due to supply chain disruptions. However, abundant availability of raw materials made surfactant supply chain resilient and is projected to rebound over the forecast period. Thus, as the mature markets remain dynamic with evolving formulations, surfactants market is likely to recover at moderate pace post covid.
Surfactants Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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