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

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).  

Chemical compounds that reduce surface tension are known as surfactants. Rapidly expanding cleaning and personal industry verticals are projected to primarily augment the demand for surfactants over the coming years. Growing chemical manufacturing activity coupled with rising industrial use of surfactants will also boost market growth in the future. Development of bio-based surfactants is of interest as the focus on sustainability increases globally. Rising investments in development of novel surfactant technologies will also boost sales of surfactants across the study period and beyond. Moreover, rising disposable income and high emphasis on cleanliness and hygiene are also expected to indirectly benefit surfactants demand going forward. On the contrary, regulatory challenges, volatile raw material pricing, and health risks associated with use of certain surfactants are estimated to inhibit surfactants market development over the coming years. 

US Surfactants Market is poised to grow at a sustainable CAGR for the next forecast year.