The surfactants market size is projected to reach USD 52.4 billion by 2027 from USD 42.1 billion in 2020, at a CAGR of 4.5%. Surfactants are organic chemicals with both hydrophilic and hydrophobic ends, which allow oil molecules to dissolve in water. They are applicable across multiple industries, owing to their properties such as wettability, detergency, emulsion, dispersion stabilization, and foam/froth formation. The report exclusively focuses on current market trends and future growth opportunities of different type of surfactants, such as cationic, anionic, non-ionic, and amphoteric.
The surfactants market is anticipated to witness considerable growth, owing to factors such as low prices & easy availability of surfactants and wide range of application. In addition, extensive use of surfactants in household detergents is further boosting the growth of the surfactants market during the forecast period. However, volatility in raw material prices and environmental concerns related to the surfactants is hampering the growth of the market during the forecast period. Moreover, rapid growth of personal care industry and usage of surfactants in neonatal respiratory distress syndrome are anticipated to provide numerous growth opportunities in the upcoming years.
Price volatility owing to rising environmental concerns regarding surfactant toxicity and degradability along with fluctuating crude oil prices is predicted to hinder the market. Technological constraints resulting in problems related to commercial production of bio-surfactants is also anticipated to hinder the growth over the forecast period.
In addition, increasing awareness among consumers towards using eco-friendly products in matured economies including Europe and the U.S. is anticipated to drive the demand for biosurfactants. Also, various regulations imposed by many economies like the European Union have propelled industries to invest in bio-based technologies that are environmentally friendlu.
The key market players in surfactants market include BASF SE (Germany), Nouryon (North Holland), Evonik Industries AG (Germany), Stepan Company (US), Solvay (Belgium), The Dow Chemical Company (US), Indorama Ventures Public Company Limited (Thailand), Clariant (Switzerland), Ashland Global Holdings Inc. (US), Kao Corporation (Japan), Lonza (Switzerland), and Croda International Plc (UK), among others
North America is expected to account for the largest share in the global surfactants market during the forecast period, in terms of and value. However, APAC is expected to lead the market in terms of volume. The use of bio-based surfactants in North America and the need to import the raw materials from countries such as Thailand and Malaysia lead to higher prices of surfactants when compared to APAC. This leads to the greater market share of North America in terms of value when compared to APAC.
Report : Surfactants Market - By Type (Anionic Surfactants, Non-Ionic Surfactants, Cationic Surfactants, Amphoteric Surfactants), By Application (Home Care, Personal Care, Industrial & Institutional Cleaning, Oilfield Chemicals, Food & Beverage, Agrochemicals, Textiles, Elastomers & Plastics, Others), And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027