Surfactants Market Is Expected To Witness Increased Growth Rates Of Revenue And CAGR Forecast 2022|Grand View Research, Inc.


In 2014, the global surfactant market was worth USD 25.60 billion. Development of detergents market predominantly in Latin America and Asia Pacific as a result of rising disposable income levels is likely to drive market growth. Moreover, growing oilfield chemicals demand on account of speedily growing E&P ativities in China and North America is also expected to drive the global surfactants market.
Surfactants are used to diminish surface tension between a solid and a liquid or between two liquids in the form of emulsifiers, wetting agents, foaming agents, detergents or dispersants. They are used in numerous end-use industries for instance cosmetics, agrochemicals and pharmaceuticals. Constant progress in these sectors is projected to assist the major industry participants.
Surfactants are mostly used to decrease the surface tension between any two liquids or a solid and a liquid in the form of emulsifiers, detergents, wetting agents, dispersants, or foaming agents. They find application in several end-use industries such as petroleum, pharmaceuticals, agrochemicals, and cosmetics. Continuous development in the sectors is anticipated to benefit the industry over the next seven years.
Global surfactant market is quite concentrated with top four participants accounting for more than 65% of the total market share in 2014. BASF-Cognis is the leading player holding more than 30% of the overall share. BASF is followed by Kao Corporation and Akzo Nobel. Other key players include Rhodia, Clariant, Stepan Company, Croda International, Evonik Industries, Huntsman Corporation, etc.
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The global surfactant market is driven by the presence of several established industry players. Most of the industry participants are adopting themselves to be present across the supply chain with a high level of business interest. Factors such as high bargaining power of consumers, low threat of new entrants, low bargaining power of suppliers, low threat from its substitutes and heavy investment cost have made the industry highly competitive. Hence, the industry rivalry is extremely high.
Anioinic surfactants was the largest product type which accounted for over 45% of the market in 2014. Increasing demand for linear alkyl benzene in cleaners and detergents on account of profitable characteristics of products led to the high market share. Amphoteric surfactant type is projected to witness the highest growth rate, at an estimated CAGR of 4.9% from 2015 to 2022. Amphoteric surfactants are extensively being used worldwide owing to their various properties such as conditioning, bio degradability, foaming & foam stabilization and detergency.
Surfactant application accounted for the highest market share of over 40% in 2014. Growing product demand in detergents, household cleaners and soaps accounted for the huge demand in home care segment. Personal care application is forecasted to witness the highest growth rate, at an anticipated CAGR of 5.0% from 2015 to 2022. The growing demand for new innovative products such as anti-aging creams and make-up is expected to drive the demand for personal care application.
Asia Pacific accounted for over 30% of the global surfactant market in 2014.Increasing demand for home care and personal care products along with rising awareness about bio-based products is projected to provide an upper hand over other regions in the near future.
BASF - Cognis was the leading company in 2014 contributing over 30%of the total market share of global surfactants market. Other major companies in the market include Akzo Nobel, Kao, Stephan, Rhodia, Clariant, Evonik, Croda and Huntsman. The major industry participants in global surfactants market are developing new innovative products. In addition, some of the key strategies of the industry participants include joint ventures, mergers & acquisitions along with efficient marketing strategies. Media platforms are projected to be utilized on a large scale for product promotion and differentiation.
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Grand View Research has segmented the global surfactants market on the basis of product, application:
Global Surfactants Product Outlook (Volume, Kilo Tons; Revenues, USD Million, 2012 - 2022)
·         Cationic surfactant
·         Nonionic surfactant
o    Fatty Al Ethoxylates (AE)
o    Alkyl Phenol Ethoxylates (NPE)
o    Others
·         Anionic surfactant
o    Linear Alkyl Benzene
o    FAI Ether Sulfates
o    Sulfosuccinates
o    Others
·         Amphoteric surfactant
·         Other Surfactants
Global Surfactants Application Outlook (Volume, Kilo Tons; Revenues, USD Million, 2012 - 2022)
·         Home Care
·         Personal Care
·         Industrial & Institutional Cleaners
·         Food Processing
·         Oilfield Chemicals
·         Agricultural Chemicals
·         Textiles
·         Emulsion Polymerization (Plastics)
·         Paints & Coatings
·         Construction
·         Other Applications
·         Others
On the basis of applications, market is categorized as elastomers & plastics, industrial & institutional cleaners, personal care, home care, pharmaceuticals, food, soaps or detergents crop protection and textiles. Home care and personal segment is anticipated to witness high growth as compared to other segments.
Home care dominated the application market in 2014 and accounted for more than 40% of the overall product demand. Increasing demand from home care segment can be accredited to increasing surfactant usage in household cleaners, soaps and detergents. Home care is anticipated to lose few of its share to some of the other segments over the forecast period.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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