Surfactants are briefly defined as a material used to reduce surface tension between a liquid and a solid or between two liquids when used in very low concentrations. They are used in various end use applications such as home care, personal care, food processing, and oilfield chemicals among others.
The growth of the surfactants market is mainly triggered by the rising demand from the end use application such as personal care, home care and food processing among others. However, implementation of stringent regulations by government agencies is the major factor inhibiting the market growth. Investment in research and development to find new sources of raw materials offers huge market opportunities for the players present in this market.
Owing to rise in demand for soaps, detergents, and household cleaners, by application, home care accounted for the largest share of the market in 2015 and projected to maintain its market position over the next six years. However, personal care segment is projected to witness the highest growth rate over the forecast period of 2016 to 2023.
By type, anionic surfactants accounted for the major share of the market pie in 2015. Anionic surfactants are widely use in detergents and cleaners owing to advantageous product characteristics and projected to boost market growth. On the other hand, presence of better and cheaper substitutes, nonionic surfactants are projected to witness lower growth rate over the next six years. Amphoteric surfactants are projected to witness high demand on account of their various properties during the forecast period of 2016 to 2023.
Owing to large consumer base, by regions, Asia Pacific accounted for over 32.00% share of the market. Rise in demand from household and industrial applications along with rise in disposable income is the major factor attributing growth of the surfactants in this region. India, China and Indonesia are the major contributors towards this growth. Moreover, the retail sector is also getting organized in these countries which will boost demand for better quality consumer goods. Asia Pacific was followed by North America and Europe, both these economies are projected to witness moderate growth rate over the next six years owing to stagnant demand from end use applications.
The report titled “Global Surfactants Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global surfactants market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on type, application type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading surfactants manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are AkzoNobel, BASF SE, Clariant, Croda International Plc, Evonik Industries AG and Huntsman International LLC, among others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global surfactants market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.
The global surfactants market can be categorized on the basis of type as:
In 2015, majority of the share was accounted by anionic surfactants. Owing to its advantageous product characteristics anionic surfactants are witnessing high demand from cleaners and detergents segment and projected to maintain their market position over the next six years. Nonionic surfactants emerged as the second largest product segment with over 19.00% share of the market in 2015. They are projected to witness modest growth during the forecast period of 2016 to 2023 owing to availability of various substitutes with better properties. Cationic surfactants are expensive and have a smaller market share when compared to anionic and nonionic surfactants. Amphoteric surfactants due to its biodegradability, conditioning, and foaming & foam stabilization among other properties is projected to witness highest demand over the next six years. They are projected to grow at a CAGR of 4.8% from 2016 to 2023 in terms of revenue. Other surfactants are projected to witness below average growth rate during the forecast period.
The global surfactants market can be categorized on the basis of application as:
On the basis of application, home care application accounted for over 40% share of the market in 2015. The rise in demand for detergents, soaps and household cleaners is the major factor triggering growth of this application. These products are extensively used for household and industrial purposes. In addition, rising demand for more efficient and advanced detergents, household cleaners and soaps, the demand for surfactants from this application has increased.
On the other hand, personal care application is anticipated to witness the highest growth over the forecast period of 2016 to 2023. The demand for surfactants is witnessing growth in personal care application owing to rise in use of cosmetics, skincare, hair care, baby care, and others products. Food processing application is projected to witness second fastest growth rate during the forecast period of 2016 to 2023.
However, textiles and other application segment is anticipated witness the slowest growth rate over the forecast period of 2016 to 2023.
In 2015, Asia Pacific was the largest and the fastest growing region due to rising demand from industrial and household applications. Moreover, rising awareness regarding bio-based products coupled with increasing disposable income of the consumer in another factor contributing towards the surfactants growth in this region. Asia Pacific was valued at US$ 11.50 Bn in 2015. In addition, availability of abundance of feedstock and other raw materials offers immense opportunity to the market players for manufacturing of eco-friendly products.
North America accounted for the second largest share of the market in 2015 and projected to witness moderate growth rate during the forecast period of 2016 to 2023. This is due to stagnant demand from end use applications in this region. In Europe, Eastern Europe offers untapped market potential while Western Europe is a matured market with stagnant demand over the next six years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Surfactants market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
