Surfactants Market Expected to Behold a CAGR of 5.4% During 2016– 2021
“Surfactants market projected to register a CAGR of 5.4%”
The market size of surfactants is expected to reach USD 39.86 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021. The growth of the surfactants market is primarily triggered by the rising demand from the personal care and detergents segments. The market growth is also attributed to the increasing use of surfactants in several other applications. India and China are noteworthy markets as these are two of the largest markets for surfactants in the world. Stringent regulations against the use of synthetic surfactants restrict the growth of the overall surfactants market, as synthetic surfactants account for the major share. Although the market players are gradually shifting to green and bio-based surfactants, the share of synthetic surfactants in the market is still high.
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“Bio-based surfactants segment is expected to witness high growth during the forecast period”
The bio-based surfactants segment is expected to witness high growth in the overall surfactants market during the forecast period owing to their increasing consumption in various end-use products such as shampoos, soaps, detergents, skin care products, ointments, and others. This increasing demand is also favored by the rising awareness among the consumers for eco-friendly and non-toxic products.
“Non-ionic surfactants to register the highest growth rate in the surfactants market”
Surfactants are widely used in various end-use products such as baby care products, face washes, conditioners, cleaners, and many similar personal care and industrial products. The demand for non-ionic surfactants is growing rapidly due to the benefits that they offer such as non-sensitivity to water and higher flexibility during synthesis. The non-ionic surfactants developed in recent years are suitable for a wide range of applications in many end-use industries such as textiles, detergents, personal care, healthcare, vehicle care, food & beverage, industrial & institutional cleaning, and others.
“Asia-Pacific is projected to be the fastest-growing market during the forecast period”
Asia-Pacific is the largest and the fastest-growing market for surfactants. The growth in economy, coupled with the increased demand from the retail industry, drives the market of surfactants in the region. Chemical industries are witnessing high growth in developing nations such as India and China in this region, leading to the increased demand for surfactants.
Breakdown of profile of primary interviews for the report
• By Company Type – Tier 1 – 20%, Tier 2 –40%, and Tier 3 – 40%
• By Designation – C Level – 40%, Director Level – 20%, and Others – 40%
• By Region – North America – 14%, Europe – 14%, Asia-Pacific – 29%, Middle East & Africa – 29% and South America – 14%
Some of the key companies profiled in this report are Akzo Nobel N.V. (Netherlands), Air Products and Chemicals, Inc. (U.S.), BASF SE (Germany), Clariant AG (Switzerland), and E. I. du Pont de Nemours and Company (U.S.), among others.
Related Report:
Global Specialty Surfactants Industry Market Research Report
The Specialty Surfactants market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Specialty Surfactants industrial chain, this report mainly elaborate the definition, types, applications and major players of Specialty Surfactants market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Specialty Surfactants market.
Read More: https://watchersofmarkets.com/products/global-specialty-surfactants-industry-market-research-report
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