New York, USA, February 9, 2023 (GLOBE NEWSWIRE) — Overview of the surfactants market
According to a comprehensive research report by Market Research Future (MRFR), “Surfactant market Information by Application, Region, End User and Product Type: Forecast to 2030“, the market is estimated to grow at 8.75% CAGR to reach $80 billion by 2030.
Market scope
Surfactants refer to organic compounds widely used in the soap and detergent industry, the paint industry, the lubricant industry, the food and beverage industry, the textile industry, etc. Surfactant compounds increase the wettability of liquids and act as dispersants, emulsifiers, etc.
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Scope of the report:
| Report attribute | Details |
| Market size in 2030 | 80 billion dollars |
| CAGR | 8.75% (2022-2030) |
| base year | 2021 |
| Forecast period | 2022–2030 |
| Historical data | 2020 |
| Forecast units | Value (millions of dollars) |
| Coverage of the report | Revenue forecast, competitive landscape, growth factors and trends |
| Segments covered | By application, region, end user and product type |
| Geographies covered | North America, Europe, Asia-Pacific and Rest of the World (RoW) |
| Main drivers of the market | The growing demand for personal care items and the improvement of people’s living standards. |
| The increase in car sales is too much driving the market growth. |
Competitive analysis
The catalog of major participants in the global surfactants market includes companies such as:
- Huntsman Corporation (USA)
- Galaxy Surfactants Ltd (India)
- Evonik Industries AG (Germany)
- Stepan Company (USA)
- The Dupont De Nemours & Co (USA)
- Solvay (Belgium)
- Clariant AG (Switzerland)
- KAO Corporation (Japan)
- Among others.
Covered USP market
Market drivers
The global surfactants market has shown great development in recent years. The main aspect that causes an increase in the performance of the market is the growing demand for personal care items. In addition, factors such as the improvement in people’s living standards, the significant increase in awareness of personal hygiene, the increase in literacy rates in developing countries, and the industrial development and expansion of various End-user industries are also likely to drive market development. the next few years.
Market limitations
On the other hand, several aspects can hinder the performance of the market. Some of these aspects include harmful environmental effects, toxicity of metals and non-degradability. Moreover, volatile prices of petroleum products are also likely to limit the growth of the market in the coming years.
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Impact of COVID-19
The global health hazard in the form of COVID-19 has had a massive impact on most industry sectors. Given the rapid spread of the infectious disease, several governments around the world announced partial or complete lockdowns for quite some time. As a result, industry operations came to a halt and some businesses closed down. Given the sudden drop in vehicle demand and travel restrictions imposed, the surfactants market faced several unexpected challenges during the pandemic. On the other hand, with the rapid rates of vaccination and all the global industrial operations returning to normal, the market is expected to experience substantial development during the forecast period.
Segment analysis
Among all types, the anionic surfactants segment is anticipated to secure the top spot in the global surfactants market during the era of review. The main parameter supporting the growth of the segment is the wide adoption of anionic surfactants in soaps and detergents, given their better performance than other types. They are very effective at removing oil-based stains. In addition, its low cost of production is also considered a major advantage.
Among all the sub-states, the synthetic surfactants segment is expected to secure the top spot in the global surfactants market during the assessment period. The main aspect that has led to an increase in the growth of the segment is its high efficiency and low cost of production. Surfactants are generally derived from petroleum industry by-products and are comparatively cheaper. However, the bio-based surfactants segment is expected to show the maximum growth rate in the coming years. Biosurfactants are known to be environmentally friendly, which is considered a major parameter driving the segment’s development.
Among all application areas, the detergent segment is expected to secure the top position in the global surfactants market over the coming years. they are widely used for various laundry operations. The main aspect that causes an increase in the growth of the segment is the improvement in the lifestyle of the people. On the other hand, the personal care segment is expected to have the highest growth rate in the coming years. the growth of the segment is attributed to aspects such as increased awareness about the need for personal hygiene.
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Regional analysis
MRFR analysis reports suggest that the Asia-Pacific region is anticipated to secure the top spot in the global surfactants market during the assessment era. The main aspect that causes an increase in the performance of the regional market is the high population of this region, producing a high demand for the global surfactants market. In addition, the value of the regional market also increases with the improvement of the living standards of the people throughout the region. In addition, growing awareness about sanitation and hygiene is likely to drive the growth of the regional market in the coming years.
The North American regional market for surfactants is anticipated to show substantial development over the coming years. the growth of the regional market is attributed to factors such as widespread awareness about hygiene and luxury lifestyle across the region. In addition, the prevalence of other end-user industries such as lubricants, chemicals, oilfields, and other end-users drives the demand for surfactants.
The European regional surfactants market is likely to show considerable growth over the coming years. the growth of the regional market is attributed to aspects such as luxury lifestyle along with growing demand for food and beverages and personal care products.
The regional markets of South America and the Middle East and Africa are expected to show considerable growth in the coming years, owing to the increasing literacy rate and hygiene awareness in the region.
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