Surfactants Market

Surfactants Market

Growth Factors of Surfactants Market

The surfactants market size was valued at USD 45.18 billion in 2023, and the market is now projected to grow from USD 47.36 billion in 2024 to USD 70.13 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period of 2023-2030.

The expanded household care business because of concerns about cleanliness and hygiene, has optimistically affected the market growth. Increasing consumption of the products surged the demand for the product and enhanced market growth subsequently. The growing consciousness about products such as hand sanitizer is driving market range. However, the pandemic occurrence resulted in declining product demand from plastics and textile applications, negatively impacting the market growth. Therefore, overall the COVId-19 pandemic has impelled the surfactants market growth.

The surfactants market share globally enhanced because of the increasing requirement for surfactants across diverse sectors due to their versatile properties and applications. These chemicals serve as an important ingredient in home care products, such as detergents and cleaners, helping the removal of dirt and grease from various surfaces. Their capability to reduce surface tension enables efficient wetting and emulsification, enhancing cleaning efficacy. The increasing product demand across these diverse sectors reflects their indispensable role in facilitating numerous manufacturing methods and enhancing product performance to meet evolving consumer preferences, thereby driving market growth.

A trend is shifting inclination towards green and bio-based surfactant products to support market growth. The growing demand for sustainable technologies is embracing alternatives in petroleum-based synthetic products. Bio-surfactants have numerous potentials for instance emulsifying agents, biocides for sulfate-reducing bacteria, anticorrosive, and many other innovative products. Bio-based agents are known as multifunctional materials extracted from microorganism substrates miscible hydrophilic and oily as well as hydrocarbon type carbon sources in the culture medium. Rising apprehension over the environment and resource preservation are further propelling product demand.

Comprehensive Analysis of Surfactants Market

The surfactants market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides an in-depth regional assessment considering the dominant supply and demand forces that impact the specialty & fine chemicals industry. These segmentations are methodically segregated by type and application. The type includes anionic, nonionic, cationic, and amphoteric. However, the applications are such as home care, personal care, textile, food & beverages, industrial & institutional cleaning, plastics, and others.

The Asia Pacific region is conducive to the global surfactants market, leading to a recall of USD 18.21 billion owing to the increasing demand for residential care and individual self-care products from countries such as China, Japan, and India. Economic development and the improvement in the lifestyle of consumers are boosting the market expansion.

The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include Akzonobel N.V (Netherlands), Clariant AG (Switzerland), BASF SE (Germany, Kao Corporation (Japan), Evonik Industries AG (Germany), Lion Corporation (Japan), Solvay (Belgium), Indorama Ventures Public Company Limited (Thailand), Ashland Global Holdings Inc. (U.S.), Croda International Plc (U.K.), Stepan Company (U.S.), Dow Chemical Company (U.S.), these market players provide a level-playing competitive landscape.

In September 2022, Stepan Company announced the acquisition of the surfactant business of PerformanX Specialty Chemicals, LLC. The company signed an agreement to acquire the assets related with the surfactants business such as intellectual property, commercial relationships, and inventory.

Segmentation Table

Global Surfactants Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.9% from 2024 to 2032

Unit Value (USD Billion); Volume (Million Ton)

Segmentation

By Type

• Anionic
• Non-ionic
• Cationic
• Amphoteric

By Application

• Home Care
• Personal Care
• Textile
• Food & Beverages
• Industrial &Institutional Cleaning
• Plastics
• Others

By Geography

• North America (By Application)
• U.S. (By Application)
• Canada (By Application)

Europe (By Application)

• Germany (By Application)
• France (By Application)
• U.K. (By Application)
• Netherlands (By Application)
• Spain (By Application)
• Rest of Europe (By Application)

Asia Pacific (By Application)

• China (By Application)
• India (By Application)
• Japan (By Application)
• South Korea (By Application)
• Rest of Asia Pacific (By Application)

Latin America (By Application)

• Brazil (By Application)
• Mexico (By Application)
• Rest of Latin America (By Application)

Middle East & Africa (By Application)

• Saudi Arabia (By Application)
• South Africa (By Application)
• Rest of Middle East & Africa (By Application)

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