Pune, India, Dec. 07, 2021 (GLOBE NEWSWIRE) -- According Fortune Business Insights™, the global surfactants market size is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period. The growing awareness about personal health and hygiene will spur lucrative growth opportunities for the market. The market size stood at USD 44,157.4 million in 2019.
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List of Companies Profiled in the Global Surfactants Market are:
- Solvay (Brussels, Belgium)
- Indorama Ventures Public Company Limited (Bangkok, Thailand)
- Akzonobel N.V (Arnhem, Netherlands)
- Clariant AG (Muttenz, Switzerland)
- BASF SE (Ludwigshafen, Germany)
- Kao Corporation (Tokyo, Japan)
- Evonik Industries AG (Essen, Germany)
- Lion Corporation (Tokyo, Japan)
- Ashland Global Holdings Inc. (Delaware, U.S.)
- Croda International Plc (Snaith, United Kingdom)
- Stepan Company (Illinois, U.S.)
- Dow Chemical Company (Michigan, U.S)
- Other Key Players
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Market Driver:
Rising Demand for Home Care Products to Augment Growth
The increasing application of surfactants in homecare, textiles, and food & beverage industries will have an outstanding impact on the global market. The escalating need for home care products among the urban population will bolster the healthy growth of the market in the forthcoming years. The increasing consumer consciousness towards hygiene owing to the spread of various diseases and viruses can subsequently aid the expansion of the market. Products in homecare include sanitizers, detergents, cleaning products, shampoo, hand wash, and others. The heavy demand for such products is expected to support the development of the market. Moreover, the surging population has further boosted the demand for food & beverages, which, in turn, will augur well for the surfactants market growth.
Rising Emphasis on Hygiene to Boost Market Amid Coronavirus
The COVID-19 pandemic has resulted in the expansion of the household care industry because of the growing concern about cleanliness and hygiene. The surging sales of household care products will benefit the market amid COVID-19. As per the Household and Commercial Products Association (HCPA), the market value is around USD 180 billion per annum of home care products such as cleaners, and disinfectants for homes and commercial environments. Besides, the inflated demand for hand sanitizers and disinfectant sprays will have a tremendous effect on the global market during the COVID-19 pandemic.
The report on the surfactants market emphasizes:
- A wide-ranging analysis of the market
- Superior insights into the segments
- Extensive information about dominant regions
- Key information about key players
- Latest developments
- Market drivers and restraints
- Covid-19 Impact
Regional Analysis:
Rapid Industrialization to Bolster Growth in North America
The market in North America is expected to hold the largest share in the global market during the forecast period owing to the rapid industrialization in the region. The rising disposable income is likely to foster the healthy growth of the market in North America. The emerging manufacturers of bio-based surfactants owing to improving economic conditions will augur well for the Surfactants Market in the region. The significant demand for homecare and cosmetics products will have a positive effect on the market in the region. Moreover, the evolving consumer lifestyle is expected to further enhance the development of the market. Moreover, the presence of Chevron, Dow, and Formosa Plastics will further boost the production of ethylene oxide, as 23% of purified ethylene grade is used for the production of surfactants. These factors and drivers together will enable speedy development of the Surfactants Market.
Browse Summary of This Research Report:
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Surfactants Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Surfactants Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Volume/Value)
- Anionic
- Noninic
- Cationic
- Amphoteric
- By Application (Volume/Value)
- Home Care
- Personal Care
- Textile
- Food & Beverages
- Industrial & institutional Cleaning
- Plastics
- Others
- By Region (Volume/Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Type (Volume/Value)
TOC Continued…!
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Key Industry Development:
February 2018: Croda International Plc announced the launch of an ECO range of bio-based surfactants that are a 100% renewable range of non-ionic surfactants. The product range offers a wide variety of assistance that includes emulsification, cleansing and detergency, and solubilization while also delivering stable and mild formulations.
Have a Look at Related Research Insights:
Natural Surfactants Market Worth USD 24.78 Billion at 3.9% CAGR by 2028 | Global Natural Surfactants Industry SWOT Analysis, Growth, and Outlook 2028
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