Surfactants, also known as surface-active agents, are the organic composite of both hydrophilic and hydrophobic group. Surfactants allow oil molecules to dissolve in or mix with water. The properties of surfactants like detergency, emulsion, froth/foam, stabilization, wettability, and dispersion have a broad empirical approach in various businesses. The global surfactants market size was estimated at USD 34.6 billion in 2018 and is projected to rise at a CAGR of around 5.6% to attain USD 45.44 billion by 2023 forecast period.
Market drivers and restraints:
The expansion of the market can be credited to the rising demand from the personal care market. Surfactants are highly employed for household and industrial uses. The surfactant market is expected to expand due to the increased alertness for eco-friendly products. Stringent law on the environmental problems, pressure for the execution of eco-friendly chemical processes by the government, pollution control laws for production, and increasing propensity toward environment-friendly products are the factors that may hamper the expansion of surfactants business.
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Report segmented as:
food and beverage
elastomers and plastics
The Asia-Pacific is estimated to be the expanding region in surfactants market. This expansion can be contributed to factors like growing countries and existence of vast customer base in this region. Due to the increasing economies of India and China, the need for surfactants has escalated in businesses like chemicals, pulp and paper, agriculture, textiles, and others.
Important market players:
The major players of the global surfactants market are Air Products and Chemicals, Inc., E. I. du Pont de Nemours and Company, Clariant AG, Akzo Nobel N.V., and BASF SE. The other major players in the market are Kao Corporation, Stepan Company, Solvay, and Huntsman Corporation.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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