The global surfactants market is enhanced by the increasing demand for personal care products due changing lifestyle and growing personal care awareness
The global Surfactants market is expected to develop US$ 81.7 billion by 2030, at a compound annual increase in price (CAGR) of 4.9 % throughout the forecast period.
Covid-19 Impact & Market Status
Due to travel prohibitions and business closures, the COVID-19 has had a negative impact on economies and businesses in a number of countries. The closure of various plants and factories has had a severe influence on global supply chains, negatively affecting manufacturing, delivery schedules, and product sales in the global market. The period's economic downturn reduced people's purchasing power. It also caused fluctuations in demand and supply rates. Furthermore, the suspension of vehicular traffic during this time reduced the usage of lubricant, and the lubricant sector is a major user of surfactants. However the increased awareness regarding personal and communal hygiene raised demand for the product, resulting in growth in the global surfactants market over time.
Anionic Surfactants in High Demand
Cationic, Non-ionic, Anionic, Amphoteric and others are the different types of surfactants available in the global surfactants market. The anionic surfactants are currently earning the highest share in the market and is predicted to continue in the same way during the analysis period due to the low cost and ease of availability and also, it’s use in a wide range of applications are contributing considerations. The demand for anionic surfactants is increasing as people become more conscious of the importance of cleanliness and hygiene.
Household Detergent Segment To Earn Highest Revenue
Personal Care, Food Processing, Household Detergent, Oil Field Chemicals, Agricultural Chemicals and others are some of the applications of the global surfactants market. The household detergent segment currently has the highest revenue share in the market, and it is predicted to account for a significant revenue share during the analysis period. In-home cleaning appliances that remove dirt from fabrics and other surfaces are widely used.
Asia-Pacific To Remain Atop in Global Surfactants Market
Asia-Pacific currently has the highest revenue share in the market and it is predicted to continue in the same way during the analysis period due to the increasing population density in this region drives up global surfactant demand. Furthermore, as the living level of the inhabitants in this region improves, so does the market value. The expansion will be accelerated by increased awareness of sanitation and hygiene.
North America also earns significant revenue in the surfactants market and is right behind Asia-Pacific in terms of growth. The region's key growth drivers are its luxurious lifestyle and broad cleanliness awareness.
Various technological advancements in the cleansing industry have led to the rise in demand for surfactants furthering the global surfactants market.
Owing to benefits such as wettability, detergency, emulsion, dispersion stability, and foam/froth generation make them useful in a variety of sectors. Surfactants are present in most toilet cabinets, care items, cosmetics, medications, and a wide range of significant industrial uses, and they're employed in detergent formulas and for cleaning homes and workplaces.
The key growth driving drivers are the increasing demand for personal care items and the development in people's standard of living. With rising literacy rates in emerging countries, the market in these countries is likely to grow dramatically. As the lubricant industry is a key end-user of surfactants, rising automotive sales are also encouraging market growth.
Furthermore, the expansion of the dairy, paint, and chemical industries is a demand booster for the global surfactant market. Furthermore, surfactant technology advances that make them more environmentally friendly and less hazardous will benefit the market in the long term.
The global surfactants market is predicted to grow close to USD 60.57 million by 2029 at a Compound Annual Growth Rate (CAGR) of 4 percent during the forecast period 2022-2029.
However, the negative environmental effects of surfactants, particularly synthetic surfactants, are a major growth stumbling the global surfactants market. The main issues with these surfactants are metal toxicity and non-degradability. Petroleum product price volatility is a growth stumbling block. Because petroleum products are the major raw material used to make surfactants, changes in their price have a direct impact on production rates hampering the global surfactants market.
Furthermore, low price and easy market availability, innovations and investments leading to wide array of applications, rapid growth in cosmetics industry, and increasing demand for surfactants for treatment in neonatal respiratory distress syndrome is anticipated to be growth opportunity to the global surfactants market.
The global surfactants market has intense competition due to the high demand and consists of several big corporations such as BASF SE, Nouryon, Evonik Industries AG, Kao Corporation, Lonza Group, Indorama Ventures Public Company Limited, Huntsman, Stepan, Croda, and Clariant among others.
Latest Innovations in the Global Surfactants Market: A Snapshot
- In August 2021, Galaxy Surfactants Limited released their new Laundry Care product of Laundry Pods. Galaxy Hearth Mix Pods is aimed towards the Indian market, where major FMCG companies and e-commerce sites are focusing on introducing innovative laundry care products. The Galaxy Hearth Mix Pods are made up of plant-based surfactants that help to provide great cleansing, detergency of dirty/soiled clothes, and proper wetting.
Surfactants Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 60.57 million|
|Growth Rate||CAGR of 4.0% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||BASF SE, Nouryon, Evonik Industries AG, Kao Corporation, Lonza Group, Indorama Ventures Public Company Limited, Huntsman, Stepan, Croda, and Clariant.|
Key Segments of the Global Surfactants Market
Type Overview, 2019-2029 (USD Million)
Application Overview, 2019-2029 (USD Million)
- Personal Care
- Food Processing
- Household Detergent
- Oil Field Chemicals
- Agricultural Chemicals
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa