Industrial Surfactants Market Size & Share:
According to Reports and Insights analysis, the Global Industrial Surfactants Market is estimated to be US$ 8.5 Bn in 2022. Furthermore, the industrial surfactants market to register a CAGR of 5.0% which is expected to result in market forecast value for 2030 as US$ 12.6 Bn.
Surfactants are substances created by mixing liquid, gaseous, and other chemical substances with low surface tension. Because they can successfully get rid of germs and keep things clean, they are widely employed in domestic applications. Because of their efficiency and strength, they are utilized in the food and beverage, personal care, textile, and domestic industries. The main growth-promoting drivers are the rise in demand for personal care products and the quality of living of individuals. The household sector's increasing need for cleaning products is expected to drive market expansion.
Industrial Surfactants Market Dynamics:
Industrial Surfactants Market Drivers
The domestic sector is predicted to increase surfactants demand due to its emulsifying, cleaning, and wetting characteristics. Furthermore, it is anticipated that consumers will seek more efficient products due to the increased demand for hygiene. These elements will probably support market expansion in the ensuing years.
Rise in applications from various industries to accelerate market growth
Applications for surfactants in the food and beverage, textile, and home care industries are growing quickly. Its efficacy and capacity for disinfection are predicted to boost its uptake. Sales should increase as a result of customers' growing hygiene awareness. Demand for the product is also anticipated to increase due to its use as a component in hand wash, shampoo, cleaning supplies, detergent, and sanitizers.
It is employed in numerous industrial cleaning processes to eliminate grime, dust, and other contaminants. Sales of the product are anticipated to increase as hospitals and other medical facilities use it more frequently. Consumers in developing nations embrace cleaning chemicals due to rising per capita income and changing consumer lifestyles. These elements will probably encourage market expansion.
Industrial Surfactants Market Challenges
Furthermore, it is anticipated that shifting raw material prices and rise in environmental concerns may impede market development.
Many regional governments have enacted laws governing the use of resources and environmental protection.
Low raw material costs and technological restrictions on the mass production of petroleum products are expected to stifle industry growth during the foreseeable timeframe.
Industrial Surfactants Market Opportunity
The increase in the investments in the research and development in the emerging economies, rise in the standard of living, and awareness among people, expansion of agrochemical, pharmaceutical, petroleum industries and consumption of surfactants in these industries will provide a huge platform for the Industrial Surfactants Market player.
Industrial Surfactants Market Trends
The international market for surfactants is fueled by a number of well-known industry players. Most industry participants are adjusting to be present throughout the whole supply chain while still retaining a significant level of commercial interest. Due to variables including high consumer bargaining power, low threat from new rivals, low supplier bargaining power, low threat from alternatives, and high investment costs, and the market is extremely competitive. As a result, there is intense competition within the sector.
Industrial Surfactants Market Regional Outlook
Strong Personal Care Product Demand to Drive Asia Pacific Market Growth
Due to the increased demand for personal care and home care products from emerging economies, Asia Pacific is anticipated to represent the prime share of the global surfactants market in 2020 and in the years to come, it is anticipated to grow rapidly. In addition, it is anticipated that reduced manufacturing and labour costs will increase production of the chemical compound. These elements could have an impact on how the market develops.
Industrial Surfactants Market Key Players
Nouryon, Evonik Industries AG, Kao Corporation, BASF SE, Stepan Company, Solvay, El Dupont De Nemours & Co., and Clariant AG are the major companies in the industrial surfactants market.
More than 65% of the overall market share in the global surfactant sector was held by the top four companies in 2014. This suggests that there is significant market consolidation. With more than 30% of the market, BASF-Cognis is the main participant. Following BASF are Akzo Nobel and Kao Corporation.
Industrial Surfactants Market Recent Developments
Evonik began constructing the first industrial-scale biosurfactants production facility in the world in January 2022. Shower gels and detergents use these biosurfactants as active components.
In March 2021, an agreement was reached between BASF SE, Allied Carbon Solutions Co. Ltd, and Holiferm Ltd for the expansion. The manufacturing and development of potential personal care, industrial formulators, and home care products will be made possible by this expansion for BASF. Additionally, it will strengthen their positions in the industries of bio-based and active surfactants.
Industrial Surfactants Market Segmentation Outlook
Fatty alcohol ether sulfates
Fatty alcohol sulfates
Linear alkyl benzene
Alkyl Phenol Ethoxylates (APE)
Fatty Alcohol Ethoxylates (FAE)
Chemically Synthesized Bio-based Surfactants
Food & Beverage
Industrial & Institutional Cleaning
Middle East & Africa (MEA)
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