In Depth Analysis of Surfactants Market to Witness a Pronounce Growth During 2018-2025
According to a new report
published by KD Market Insights, titled, " Surfactants Market by
Type and Application: Global Opportunity Analysis and Industry Forecast,
2018-2025, the global surfactants market was valued at $43,655 million in 2017,
and is projected to reach $64,408 million by 2025, registering a CAGR
of 5.4% from 2018 to 2025. Asia-Pacific is anticipated to be the
highest revenue contributor throughout the forecast period.
Surfactants, also known as
surface-active agents, are organic chemicals with a hydrophilic and a
hydrophobic end that when added to a liquid, change its properties at the
surface or interface. They can be classified either based on the nature of
their charge on individual polar functional groups or based on their molecular
weights.
By type, the global
surfactants market is classified into cationic surfactant, anionic surfactant,
nonionic surfactant, amphoteric surfactant, and others. Anionic surfactants are
majorly derived from carboxylation, sulfation, and condensation of fatty acids
and phosphoric acid derivatives. Cationic surfactants are obtained by the
reaction of tertiary amines with classical alkylating agents, whereas
alkylation processes of betaines and true amphoteric surfactants produce
amphoteric surfactants. In 2017, anionic surfactant and nonionic surfactant
segments occupied up to two-thirds share of the surfactants market, in terms of
volume.
By application, the
surfactants market is segmented into household detergent, personal care,
industrial & institutional cleaner, food processing, oilfield chemicals,
agricultural chemical, textile, plastic, paint & coating, adhesive, and
others. The household detergent and personal care segments, together held more
than two-thirds share in the surfactants market in 2017. High demand for
personal care products, owing to increase in personal incomes, change in
lifestyles along with rise in demand for household detergents drive the market
growth.
North America and Europe
collectively accounted for half of the market, in 2017, however, Asia-Pacific
alone captured more than one-third share of the surfactants market. The prices
of surfactants are comparatively high in Europe due to regulations of
Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH);
however, the cost in the U.S. is anticipated to remain moderate, due to low
mineral oil prices for both anionic and cationic surfactants.
Key Findings of the
Surfactants Market:
- Asia-Pacific is expected
to remain dominant from 2018 to 2025 in terms of revenue, followed by North
America.
- The nonionic surfactants market is expected to grow at a CAGR of 5.8% during the forecast period.
- Surfactants for personal care applications is the fastest growing application in terms of revenue in the global surfactants market, with a CAGR of 6.0% from 2018 to 2025.
- China is the fastest developing region in the Asia-Pacific surfactants market, growing at a CAGR of 6.9% from 2018 to 2025.
- The nonionic surfactants market is expected to grow at a CAGR of 5.8% during the forecast period.
- Surfactants for personal care applications is the fastest growing application in terms of revenue in the global surfactants market, with a CAGR of 6.0% from 2018 to 2025.
- China is the fastest developing region in the Asia-Pacific surfactants market, growing at a CAGR of 6.9% from 2018 to 2025.
Asia-Pacific and North
America collectively contributed more than two-thirds to the market revenue in
2017. In the same year, Asia-Pacific dominated the market, in terms of revenue,
owing to increased demand for surfactants in personal care and household
detergent applications.
The report provides an
extensive competitive analysis and profiles of the key market players, such as
BASF SE, The Dow Chemical Company, Stepan Company, Evonik Industries AG, Kao
Corporation, The Proctor & Gamble Company, Clariant, Lion Specialty Chemicals
Co, Ltd., Solvay S.A., and Huntsman Corporation. The other players in the value
chain (not included in the report) include Galaxy Surfactants, Aarti Industries
Ltd., Wacker Chemie AG, and Jiangsu Maysta Chemicals Co. Ltd.
About Us:
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