Report ID: SQMIG35A2665
Report ID:
SQMIG35A2665 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
67 |
Figures:
75
North America accounted for a significant share, due in part to government regulations and increasing demand for chemical-free surfactants. In view of the harmful effects of traditional surfactants on the skin, consumer demand for natural products and bio-based components will expand significantly. For instance, according to the Environmental Protection Agency, surfactants that meet the safer choice requirements can be utilized in safer choice products. The environmental fate and toxicity criteria for chemicals in direct release products should be fulfilled by the surfactant compounds that avoid sewage treatment. Therefore, demand for natural and bio-based surfactants is expected to increase.
Asia-Pacific is one of the areas with the highest rates of growth due to the rapid industrialization and development of many nations. Foreign multinational companies have found it attractive to set up their manufacturing facilities in South Asian countries such as China, India, South Korea, and others because of the availability of reasonably priced raw materials and a competent labor pool. This tendency is anticipated to grow regional expansion across a number of industries, covering the surfactant industry, by a large percentage. The region's large and diverse population is also driving the increasing demand for detergent and personal hygiene products. The expanding population and increasing disposable incomes in Asia Pacific serve to further the growth of the market as customer preferences shift toward better-quality and more environmentally friendly products. Asia Pacific is put at the fore as a primary growth driver of the global market due to its economic development, increased manufacturing, and elevated consumer demand.
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Report ID: SQMIG35A2665