Natural Surfactants Market
Growth Factors of Natural Surfactants Market
The natural surfactants market size was valued at USD 20.74 billion in 2023, and the market is now projected to grow from USD 21.57 billion in 2024 to USD 28.92 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period of 2024-2032.
The COVID-19 pandemic s reduced demand for bio-based surfactants brought about national lockdowns across the world which affected key sectors such as oilfield and mining industries. Since the demand for oil declined, the demand for cleaning products and all the related applications also reduced drastically. The weak demand for these bio-based surfactants is further projected to have a dampening effect on the growth of the market in the forecast period.
Some of the most popular household detergent products include the laundry detergents, dishwasher’s detergents, and the carpet cleaner where the laundry detergents are used in the process of removing dirt from cloth materials during washing. Surfactants in dishwasher detergents assist in improving the surface wetting and the removal of the soils and less surfactants are used in automatic washing machine detergents to reduce the formation of foam. Sales by weight are almost the same for Automatic Dish washing detergents and hand dish washing detergents.
This has led to the advancement of petroleum biotechnology because of increased opportunities of renewable technology in the oil sector. It uses synthetic surfactants particularly mobilizing agents to bring about the recovery and extraction of the hydrocarbon. These surfactants are applied in the extraction, in handling, during washing, and transportation to enhance the performance results of the processes. This has made the industries to look for renewable options to adopt with a view of shifting from the use of petrochemical based surfactants.
Comprehensive Analysis of Natural Surfactants Market
The natural surfactants market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by product analysis, and by application analysis. By product analysis include Anionics, Nonionics, Cationics, and Amphoterics. By application analysis include detergents, industrial & institutional, personal care, oilfield chemicals, and others.
The Europe region lead the natural surfactants market share by benefitting a market size of USD 7.97 billion in 2023 due to the Increasing demand for oilfield chemicals and detergents.
The top players have a significant responsibility in the chemicals & advanced materials industry for confirming industrial prospectus growth and determining the market trends. These players include, BASF SE, Clariant AG, Croda International Plc., WHEATOLEO, The Dow Chemical Company, CECA Arkema Group, SEPPIC, Evonik Industries, Innovative Chemical Technologies these market players provide a level-playing competitive landscape.
In March 2021, BASF formed a strategic alliance with Holiferm Ltd. to enhance bio-based surfactant production for home care and industrial applications.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion) and Volume (Kilo Tons)
Growth Rate CAGR of 3.9% from 2024 to 2032
Segmentation By Product
- Anionics
- Nonionics
- Cationics
- Amphoterics
By Application
- Detergents
- Industrial & Institutional
- Personal Care
- Oilfield Chemicals
- Others
By Geography
- North America (By Product, Application, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Product, Application, and By Country)
- Germany (By Application)
- UK (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Product, Application, and By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Product, Application, and By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- The Middle East & Africa (By Product, Application, and By Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa (By Application)
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