Anionic Surfactants is Expected to Grow at the Fastest Rate over the Forecast Period (2021-2029)
According to Absolute Markets Insights report, anionic surfactants dominated the the global surfactants market in 2020 and is expected to remain the fastest growing segment during 2021-2029 period. High product penetration in terms of household and cleaning applications, are some of the major factors projected to drive the surfactant market growth. Apart from anionic surfactant products, non-ionic surfactant products also have high product penetration on account of growing demand for personal care & beauty products. Moreover, changing consumer preference toward green product have pushed manufacturers to incorporate components derived from bio-based sources. Such factors are projected to drive the surfactants market.
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Covid-19 Pandemic is Expected to Have a Positive Impact on the Global Surfactants Market
Surface active agents are likely to play a vital role in fighting coronavirus pandemic. The everyday surfactants used in personal cleaning products, and surface cleaners are capable of disrupting the membrane of COVID-19 virus leading to its deactivation and removal from skin and other surfaces. Such factors are playing a vital role in curbing the spread of corona virus infection which subsequently will drive the surfactants market.
Moreover, increased tendency of stockpiling the essential items along with panic buying drove the demand for home cleaning and personal care products in the early year. In addition, manufacturers of surfactants as well as cleaning products witnessed surge in demand. For instance, according to National Center for Biotechnology Information, Japanese surfactant manufacturer namely Kao Corporation reported a 10% YoY increase in the sale of its fabric and home care business. Also, its laundry care business unit achieved around 5.3% increase in its sales. These factors are propelling the global surfactants market growth, in terms of revenue.
Amid Covid-19 pandemic, the demand for household cleaning products observed drastic surge on account of increase consumer concerns pertaining to hygiene and health. Increasing use of detergents, dishwashers, surface cleaners, sanitizers and other cleaning products, is pushing cleaning and sanitizer product manufacturers to raise the production volume. For instance, according to American Cleaning Institute, U.S. witnessed 23% of average increase in production of sanitizing and cleaning products. This is further projected to increase the consumption of surfactants in product formulations and drive the surfactants market growth over the forecast period.
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Mounting Consumption from End-Use Industries to Drive Growth in the Asia Pacific Region
China being manufacturing hub for various cleaning products, chemical intermediates, and personal care & cosmetics products is likely to drive the product demand in the region. Burgeoning population along with increasing standards of living is further projected to propel the demand for personal care & cosmetics products. This is expected to drive the surfactants market demand in the region. Moreover, high production and consumption of linear alkylbenzene sulfonate and ethoxylates in China is further likely to dominate the surfactant market in the extended run. Also, India, Indonesia, and South Korea are likely to drive the consumption of surfactants in detergents applications. Such a trend is likely to register steady growth driving the surfactants market over the forecast period.
Competitive Landscape:
Some key players in the global Surfactants market are 3M, Arkema S.A., Ashland, BASF SE, Clariant, Croda International Plc, Dow, Evonik Industries AG, Kao Corporation, Lion Specialty Chemicals Co., Ltd., Nouryon, SEPPIC, Solvay, Stepan company and Other Market Participants.
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Global Surfactants Market:
By Type:
- Anionic
- Cationic
- Non-Ionic
- Amphoteric
By Source:
- Synthetic
- Biobased
By Application:
- Home Care
- Personal Care & Cosmetics
- Industrial & Institutional Cleaning
- Oilfield Application
- Food Processing
- Pharmaceutical
- Agrochemicals
- Textile Processing
- Elastomers & Plastics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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