New York (US), May 11, 2023 (GLOBE NEWSWIRE) -- Natural Surfactants Market Overview
Market Research Future (MRFR) 's report highlights “Natural Surfactants Market Research Report Information By Product, By Application, And By Region–Market Forecast Till 2032”, the Natural Surfactants market is projected to grow from USD 20.0 Billion in 2023 to USD 27.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2032).
Market Scope:
The production processes in the more intensively eco-conscious detergent and cosmetics sectors are anticipated to have a sizable influence on the overall demand for natural surfactants. Carpet cleaners, laundry detergents, and dishwashing detergents are a few examples of home cleansers that are available in stores. This industry accounts for around half of all natural surfactant consumption. The primary purpose of laundry detergents is to clean clothes so that it may float in water during washing. The last rinse uses fabric softeners. Surfactants are used in dishwasher detergents to wet surfaces and aid in dirt removal. Automated dishwasher detergents use less surfactant than manual dishwashing detergents to prevent the dishwasher from foaming. Less surfactant is used in automatic dishwasher detergents than in hand dishwashing detergents to prevent foaming in the dishwasher. The amount of detergent sold for automatic and manual dishwashers is almost equal. Due to the importance of safety in the cosmetics industry, organic development is desirable since it is more secure than chemical paths. boosting the market for natural surfactants' income.
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Competitive Dynamics:
Key Companies in the Natural Surfactants market include
- BASF SE
- Clariant AG
- Croda International Plc.
- WHEATOLEO
- The Dow Chemical Company
- CECA Arkema Group
- SEPPIC
- Evonik Industries
- Innovative Chemical Technologies
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size in 2032 | USD 27.8 Billion |
| CAGR | 4.20% (2023-2032) |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Key Market Drivers | Increasing demand for sustainable green and bio-based products |
Browse In-depth Market Research Report (128 Pages) on Natural Surfactants:
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Market USP:
Market Drivers
Governments and businesses are becoming increasingly interested in natural surfactants, which are the main factors boosting market growth. These factors include the introduction of strict regulations on the use of conventional surfactants, rising demand for environmentally friendly, biodegradable products, and growing environmental concern about surfactants globally. Due to the rising worldwide need for sustainable technologies, petroleum biotechnology has developed recently. In order to increase the availability or recovery of hydrocarbons in different extraction, handling, washing, and transportation applications, the petroleum industry employs a significant amount of synthetic petrochemical-based products as a mobilizing agent. Another current development in the gas and oil business that is anticipated to increase demand is the rising need for renewable petroleum biotechnology.
Due to growing industrialization and urbanization, the demand for the commodity has grown among industries. The market is expanding as a result of rising consumer demand for detergents and personal care items as well as stringent regulatory restrictions on the use of traditional surfactants. The market is expanding as a result of rising R&D spending, technical developments, and applications in several sectors. The expansion of the economies of nations like China, Japan, and India has also raised demand for natural products.
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COVID-19 Analysis
The market for natural surfactants has been negatively damaged by the COVID-19 pandemic epidemic. Due to the unheard-of coronavirus health outbreak, the introduction of the lethal virus has led numerous countries across the world to enact nationwide lockdowns. The sector has faced operating difficulties, supply chain disruptions, a scarcity of raw materials, delays in shipping, and travel restrictions. Government rules from all around the world have also caused a halt to manufacturing and industrial activity. Import restrictions put in place to stop the virus's spread have also held back the market's expansion.
Market Segmentation
By Application
The sector for detergents held the biggest market share globally and is anticipated to expand quickly over the next years. Demand is expected to rise as washing machines become more widely used in emerging countries. In an effort to expand their presence, a lot of suppliers establish factories in developing countries where there are several economic prospects. This trend is supported by the increased usage of washing machines in residential settings in emerging countries. For instance, fully automated washing machines were massively preferred to semi-automatic ones by Indian consumers. In general, the requirement for washing machines is greater in urban than in rural settings.
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Regional Analysis:
The market for natural surfactants in Europe had the largest share in 2022. The development of the regional market is predicted to be fueled by the increased demand for oilfield chemicals and detergents. The growing popularity of bio-based solutions as a consequence of public awareness of the detrimental effects of chemical surfactants on the environment and human health is one of the key drivers driving the market's rise. Additionally, the natural surfactants market in Germany had the biggest market share and was expanding at the quickest rate in the European area.
Government regulations and the increased demand for chemical-free surfactants are only a couple of the factors contributing to the North American natural surfactants market's sizeable share. Consumer preferences for natural products and components are anticipated to change significantly as a result of the potential adverse effects of conventional surfactants on the skin.
The Asia-Pacific natural surfactants market is among those that are growing fast in terms of industrialisation and expansion. Due to easy access to labor and raw resources, international corporations are increasing their investments in South Asian countries including China, India, South Korea, and others, which will fuel the region's growth. Additionally, a large population's increased need for personal care products and detergent will assist the sector. Additionally, the Indian natural surfactants industry had the Asia-Pacific region's fastest expanding market and China's natural surfactants market had the biggest market share.
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