The surfactants market revenues were estimated at US$ 43.5 Bn in 2021 and is anticipated to grow at a CAGR of 4.7% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 71.2 Bn.
The homecare application has been one of the key applications for surfactants where the rise is observed due to the increase in the market for kitchen, bathroom, living room and garage cleaning works. The homecare market is being driven by the rising demand for homecare products for laundry detergents, fabric conditioners, dishwashing detergents, hard floor and surface cleaners, glass cleaners, carpet cleaners and air fresheners.
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Key Takeaways from the Study
- Surfactants market was valued at US$ 43.5 Bn in 2021. According to Fact.MR, surfactants market revenue would increase 1.6X between 2022 and 2032, reaching roughly US$ 71.2 Bn in 2032.
- In terms of type, anionic surfactants are projected to account for the highest projected CAGR of 4.3%.
- In terms of region, North America accounted for the highest CAGR of 4.1% during the historical period.
- US is the dominant country in the Surfactants Market with an absolute dollar growth opportunity of US$ 9 Bn. Behind U.S., the market in China is expected to register an absolute dollar growth of US$ 3.4 Bn.
The companies in Surfactants Market are focused on their alliances, collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Surfactants Market share.
Some of the recent developments in the Surfactants Market are:
• In May 2022, Dispersa introduced and is currently expanding its first biosurfactant product line, PuraSurf, for cleaning and personal care applications. Partnerships with significant Canadian cleaning product manufacturers are now active.
• In April 2021, to create a surfactant generated from industrial carbon emissions, Unilever collaborated with LanzaTech and India Glycols. Its OMO (Persil) laundry capsules will be introduced in China. The new surfactant will be employed in these capsules.
• In March 2021, to improve its position in bio-based surfactants for industrial and home care products, BASF teamed with Allied Carbon Solutions Co. Ltd., a producer of biomass-based surfactants. The purpose of this partnership was to support product development and the further advancement of goods like sophorolipids.
• In August 2020, Under the Lamesoft Balance brand, BASF announced the introduction of a natural surfactant that will be made entirely from natural sources. The surfactant efficiently stabilizes the wax-based diffusion for skin and hair cleansing solutions while being fully biodegradable.
Speak to Analyst:
· Clariant AG
· BASF SE
· Croda International Plc
· Stepan Company
· Huntsman Corporation
· Evonik Industries AG
· Indorama Ventures Public Company Limited
· Lonza Group
· Kao Corporation
Key Segments of Surfactants Industry Research
· By Type :
· By Application :
- Personal care
- Industrial & Institutional Cleaning
- Elastomers & Plastics
- Oilfield Chemicals
- Agro Chemicals
- Other Applications
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Global Surfactants Market Analysis and Forecast by Region
- North America Surfactants Market Size and Forecast, 2022-2032
- Germany Surfactants Market Size and Forecast, 2022-2032
- UK Surfactants Market Size and Forecast, 2022-2032
- France Surfactants Market Size and Forecast, 2022-2032
- Spain Surfactants Market Size and Forecast, 2022-2032
- Japan Surfactants Market Size and Forecast, 2022-2032
- China Surfactants Market Size and Forecast, 2022-2032
- Malaysia Surfactants Market Size and Forecast, 2022-2032
- Thailand Surfactants Market Size and Forecast, 2022-2032
- Australia Surfactants Market Size and Forecast, 2022-2032
Key Questions Covered in the Surfactants Market Report
- What will be the estimated size of the Surfactants Market in 2022?
- At what rate will sales in the global Surfactants Market grow until 2032?
- Which are the factors hampering the demand in the artificial sweetener market?
- Which region will spearhead the growth in the global Surfactants Market during 2022-2032?
- Which are the factors driving sales in the Surfactants Market during the forecast period?
Fact.MR, in its new offering, presents an unbiased analysis of the Surfactants Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Surfactants Market in terms of Type (Anionic, Non-ionic, Cationic, and Amphoteric), Application (Homecare, Personal Care, Textile, Industrial & Institutional Cleaning, Elastomers & Plastic, Oilfield Chemicals, Agrochemicals, and Other Applications) and in terms of Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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