Polymeric Surfactants Market Size, Product Trends, Key Companies, Revenue Share Analysis For 2020-2030
The Surfactants Market is expected to exhibit significant growth at a CAGR of around 5.00% during the forecast period of 2022-2030 and reach a value of USD 64 billion by 2025.
Asia Pacific region is predicted to lead the Polymeric Surfactants Market during the forecast period due to high consumption of polymeric surfactant in the growing personal care and pharmaceutical industries. Polymeric surfactant market growth drivers include the rise in middle class population that allows them to spend more on luxuries such as expensive personal care products such as hair shampoos, hair conditioners, skin care cream, sunscreen, and others. In addition, increase in industrialization has led to rise in detergent demand for industrial cleaning purpose and for household purpose. Increasing usage of synthetic surfactant in personal care product may cause eye irritation and skin irritation. Key factors that may restrain the growth of personal care market include strict regulations for personal care products by different government organization such as Food and Drug Administration (FDA), European Commission Cosmetic Directive (ECCD), China Food and Drug Administration (CFFD). Along with these Consumer Product Safety Commission.
Polymeric surfactant is also used in agrochemicals to improve the efficiency of crop protection chemicals and helps in increase in the area of controlled agriculture. Population expansion in emerging economies such as China, India, Brazil, and South Africa has resulted in rising food demand and proper nutrition. However, strict government regulations for the usage of agricultural surfactants along with rising environmental concerns and increase in the usage of genetic modified seeds may affect the growth of agricultural surfactant market.
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Segmentation
The global polymeric surfactant market is segmented on the basis of type, configuration, application, end-use, and region. Based on the type, the market is segmented into synthetic and natural. Synthetic polymeric surfactant comprises of homopolymers and block polymers and natural polymeric surfactant categorized into globular and fibrilar type. By configuration, the market is bifurcated into block and graft. Based on application, the market is segmented into oilfield
chemicals, ceramics and detergent, emulsions, dyestuffs, paper coating, inks and others. On the other hand, based on end-use, the market is segmented into pharmaceuticals, cosmetics and personal care, paints & coatings, agrochemicals, food, oil & gas, and others. Based on region, this market is segmented into Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa.
Key players-
The leading market players of the global polymeric surfactants include Kao Corporation (Japan), BASF SE (Germany) ,Huntsman International LLC (USA), Akzo Nobel N.V (Netherlands), Evonik Industries AG (Germany), Croda International Plc (UK), Stepan Company (USA), DAI-ICHI (Japan), Unitop Chemicals Pvt. Ltd (India), Dow Chemical Company (U.S.) and others. Companies are shifting their focus by dominating their position in the personal care ingredients markets through new products launches, expansion, acquisition and also exploring the market in new regions by partnerships, collaborations and joint ventures with the regional players.
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