What is the global market size of Surfactants Market?

Global Surfactants Market size was valued at USD 39.99 billion in 2021 and is poised to grow from USD 41.84 billion in 2022 to USD 59.95 billion by 2030, growing at a CAGR of 4.6% in the forecast period (2023-2030).

Who are the key vendors in the Global Surfactants Market?

AkzoNobel N.V., Clariant AG, BASF SE, Kao Corporation, and others are key companies in the business. Companies highlighted are active in capacity expansion, new product development, acquisition, and joint venture, acquiring a worldwide competitive advantage 'BASF SE', 'Dow Chemicals', 'Huntsman Corporation', 'AkzoNobel N.V.', 'Clariant International AG', 'Kao Corporation', 'Stepan Company', 'Croda International plc', 'Evonik Industries AG', 'Solvay SA', 'Air Products and Chemicals, Inc.', 'Ashland Global Holdings Inc.', 'Sasol Limited', 'Lion Corporation', 'Rhodia', 'Galaxy Surfactants Ltd.', 'Pilot Chemical Corp.', 'Lonza Group Ltd.', 'Innospec Inc.', 'Vinamax Organics Pvt. Ltd.'

What is the key driver of Global Surfactants Market?

The increased demand for the product from numerous applications such as home care, textiles, and food & beverage will drive the worldwide market forward. Home care application is one of the primary reasons driving the market, owing to increased consumer hygiene concerns. The product provides great infection prevention and prevents illness transmission. Rising demand for sanitizers, detergents, cleaning products, shampoo, and hand soap will drive market expansion. Furthermore, several chemical substances are utilized in industrial cleaning to remove various sorts of dirt and by-products discharged throughout the production process.

What is the key market trend for Global Surfactants Market?

Demand for Eco-friendly Alternatives: As consumers become more ecologically sensitive, they seek green or bio-based surfactants. This is anticipated to benefit market demand. Because they are effective and adaptable, bio-based surfactants are used in personal care, cleaning goods, food, and drinks.

Which region accounted for the largest share in Global Surfactants Market?

Demand for Eco-friendly Alternatives: As consumers become more ecologically sensitive, they seek green or bio-based surfactants. This is anticipated to benefit market demand. Because they are effective and adaptable, bio-based surfactants are used in personal care, cleaning goods, food, and drinks.

Surfactants Market Size, Share, Growth Analysis, By Type(Anionic Surfactants (Linear Alkylbenzene Sulfonate, Alcohol Ethoxy Sulphates, Secondary Alkane Sulfonates, Alpha Olefin Sulfonates), By Application(Home Care, Personal Care, Industrial & Institutional Cleaning, Oilfield Chemicals), By Substrate(Synthetic Surfactants, Bio-based Surfactants (Chemically Synthesized Bio-based Surfactants, [Sucrose Esters, Alkyl Polyglycosides), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15A2077 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 95 | Figures: 76

Surfactants Market Dynamics

Surfactants Market Driver

Emphasis on Hygiene and Cleanliness

People around the world are more aware of cleanliness and hygiene than ever before. This has resulted in high demand for cleaners, detergents, handwashes, etc., all these products require surfactants, and this is why high demand for them translates into good surfactants market growth as well.

Use in Industrial Settings

Rapid industrialization worldwide has resulted in multiple new opportunities for surfactants companies. Growing demand for industrial cleaners and high use of surfactants in their manufacturing are projected to create new opportunities for market players in the future.

Restraints

Health Risks and Concerns

Exposure to some surfactants could lead to prolonged health risks and diseases. Growing awareness regarding these health concerns is projected to inhibit sales of surfactants across the study period and beyond.

Raw Material Pricing Volatility

Raw materials required to manufacture and create surfactants are subject to extreme volatility and changes in economic conditions. This creates an issue in pricing of surfactants and potentially also cuts profit margins for companies eventually slowing down surfactants market growth potential.

Surfactants Market Report Snapshots

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Surfactants Market was valued at USD 44.1 billion in 2022 and is expected to rise from USD 46.35 billion in 2023 to reach a value of USD 69.00 billion by 2031, at a CAGR of 5.1% during the forecast period (2024–2031).

Investing in the research and development of surfactants made from eco-friendly and sustainable raw materials will be the prime focus of all companies. Creating custom surfactants for specific applications could also provide lucrative revenue generation for market players. Collaborations and mergers will also be popular strategies that could help companies expand their global market presence in the future. 'BASF SE (Germany) ', 'Bayer AG(Germany) ', 'Biobest Group NV(Belgium) ', 'Certis USA L.L.C (US) ', 'Novozymes A/S (Denmark) ', 'Marrone Bio innovations (US) ', 'Syngenta AG (Switzerland) ', 'Nufarm (Australia) ', 'Som Phytopharma India Ltd (India) ', 'Valent Biosciences LLC.(US) ', 'BioWorks, Inc. (US) ', 'STK Bio-ag (Philippines) ', 'UPL (India) ', 'FMC Corporation (US) ', 'Koppert (Netherlands) ', 'IPL Biologicals (India) ', 'Pro Farm Group Inc. (US) ', 'Vegalab S.A (US) ', 'BIONEMA (Wales) ', 'Isagro S.p.A (Italy)'

People around the world are more aware of cleanliness and hygiene than ever before. This has resulted in high demand for cleaners, detergents, handwashes, etc., all these products require surfactants, and this is why high demand for them translates into good surfactants market growth as well.

Sustainable Manufctauring: Surfactant manufacturers should focus on bringing sustainability across the supply chain of surfactants. By starting from manufacturing, companies can also reduce their operational costs and brand themselves as sustainable to boost sales and revenue generation potential going forward.

Asia Pacific is projected to spearhead the global demand for surfactants over the coming years. The presence of a robust consumer base, high industrial activity, rapid urbanization, and rising disposable income are projected to be key factors driving market growth in this region. Evolving consumer preferences in countries such as Japan, India, and China are also contributing to the dominance of this region. The low costs of manufacturing and easy raw material availability are also helping this region maintain its high market share.

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Surfactants Market Dynamics

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What is the global market size of Surfactants Market?

Who are the key vendors in the Surfactants Market?

What is the key driver of Surfactants Market?

What is the key market trend for Surfactants Market?

Which region accounted for the largest share in Surfactants Market?

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