; Surfactants Market Size, Industry Share, Forecast 2032

Surfactants Market

Surfactants Market Size, Share, and Analysis, By Type (Amphoteric Surfactants, Anionic Surfactants, Non-Ionic Surfactants), By Substrate (Bio-Based Surfactants, Synthetic Surfactants), By Application (Personal Care, Home Care, Food & Beverage, Oilfield Chemicals, Agrochemicals, Textiles, Industrial & Institutional Cleaning, Plastics) and Regional Forecasts, 2022-2032

Published on: Aug-2023
Report Code: FG CHM 01632
No. of Pages: 170-350
Report Format: PDF

Product Overview:

Surfactants Market size was USD 44.03 billion in 2021 and projected to grow from USD 48.6 billion in 2023 to USD 76 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.

Surfactants are organic chemicals containing hydrophilic and hydrophobic ends, which allow the dissolution of oil molecules in the water. Surfactants are useful in multiple industries, due to the presence of properties like detergency, wettability, dispersion stabilization, froth generation etc. Surfactants are used in formulations of detergents which aid in cleaning homes, personal care products, pharmaceuticals, cosmetics, etc. Surfactants are categorized into cationic surfactants, anionic surfactants, amphoteric surfactants and non-ionic surfactants.

Market Highlights

Surfactants Market is expected to project a CAGR of 5.1% during the forecast period, 2022-2032

Surfactants Market is expected to reach USD 76 billion, growing at a CAGR of 5.1% during forecast period owing to the changing lifestyles of people in developing countries along with the rising per-capita income & growing usage of household cleaners, detergents which is expected to boost the growth of the surfactants Market. The easy availability, low price and presence of several applications for surfactants is expected to boost the growth of the market. The utilization of various products related to homecare, personal care etc. which contain surfactants which is expected to boost the growth of surfactants market. Surfactants are also used in anti-fogging liquids, emulsifiers and in fabric softeners resulting in creating demand for market growth.

 

 

Surfactants Market Segmentation:

Anionic Surfactants segment is expected to grow during the forecast period

Surfactants Market is classified based on the Type into Amphoteric Surfactants, Anionic Surfactants, Non-Ionic Surfactants. Anionic surfactants segment dominated the market in 2021 and it is expected to continue its dominance over the forecast period owing to the easy availability and minimal cost of this product type. Anionic surfactants have several advantages due to the increased awareness regarding the cleaning agents and presence of the qualities like emulsification and solubilizing which is expected to boost the growth of the segment in the market. Anionic substances aids in lather formation when combined with base hence which is creating demand for the growth of the market growth.

Home Care segment is expected to grow with high CAGR during the forecast period

Surfactants Market is classified based on the Application into Personal Care, Home Care, Food & Beverage, Oilfield Chemicals, Agrochemicals, Textiles, Industrial & Institutional Cleaning, Plastics. Home Care segment is expected to dominate the market in the forecast period owing to their wide usage in different dishwashing and laundry detergents, soaps, carpet cleaners etc. Surfactants aid in removing dirt and unwanted particles from the fabrics and other material and aid in protecting against the pathogens which may boost the segment growth in the market.

 

Market Dynamics:   

Growth Drivers

Increasing Demand for Green Surfactants is Expected to Boost the Growth of the Market

The demand for sustainable technologies is increasing and it is resulting in acquirement of petroleum-based synthetic product substitutes. The advantages possessed by bio-based surfactant products like biocides for reducing bacteria, emulsifying agents, anticorrosive etc. may boost market growth. Due to creativity and effectiveness of surfactants, they are utilized in industries like industrial cleaning, home care, food & beverages etc. Biotechnology is aiding in expanding bio-based products which are environmentally friendly. Increasing environmental concerns is also expected to boost the market growth.

Growing Awareness Regarding Hygiene is Expected to Boost Market Growth

The demand for surfactant products is growing from various applications and the increasing consciousness of people towards hygiene is the prime factor driving the growth of the surfactants market. The demand for detergents, sanitizers, cleaning products, shampoo, hand wash etc. include surfactants for foaming and are expected to aid in the market growth. Surfactants also provide protection against infections and prevent the spread of disease which may create market growth opportunities.

Restraint

Growing Environmental Issues May Restrain the Growth of the Market

Surfactants possess a harmful effect on the environment leading to degradability and toxicity issues which may hamper market growth. The low prices of raw materials and restrictions related to technology in commercial production of petroleum products are anticipated to restrain the growth of market.

Recent Developments:

  • In September 2022, PerformanX Specialty Chemicals, LLC. was acquired by Stepan Company to establish better in the surfactants market.
  • In March 2022, a new biosurfactant was initiated by BASF which is made from coconut oil and renewable resources, named Plantopon Soy, a protein derivative from non-GMO soybean.

Surfactants Market

Key Players Covered:

  • BASF SE
  • Solvay Lion Corporation
  • Kao Corporation
  • Clariant AG
  • Stepan Company
  • Evonik Industries AG
  • Ashland Global Holdings Inc.
  • Lonza
  • Indorama Ventures Public Company Limited
  • Nouryon
  • Dow Chemical Company
  • Croda International Plc
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Surfactants Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific region dominated the market in 2021 due to the growing demand for home care and personal care products in countries of this region. The low labour cost and manufacturing cost in this region may also aid in the market growth. The acquiring of modern lifestyle is creating demand for personal care products like shaving cream, shampoo, hand wash etc. and is expected to boost the market growth in the forecast period.

 

 

Impact of Covid-19 on Surfactants Market

The COVID-19 outbreak had resulted in the economic downfall. Pandemic had negative impact on the growth of almost all the industries, but it had created growth opportunity for the household care industry owing to the high awareness on maintaining cleanliness and hygiene by the people. The consciousness of people on using products like handwash, sanitizer and cleaners had boosted the market growth. Covid-19 had a positive impact on the growth of the Surfactants market.

Surfactants Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Surfactants Market Scope and Segments:

ATTRIBUTE

  DETAILS

Study Period

2018-2032

Base Year

2022

Forecast Period

2022-2032

Historical Period

2019-2021

Growth Rate

CAGR of 5.1% from 2022-2032

Unit

Value (USD Billion)

Segmentation

Main Segments List

Type

  • Amphoteric Surfactants
  • Anionic Surfactants
  • Non-Ionic Surfactants

Substrate

  • Bio-Based Surfactants
  • Synthetic Surfactants

Application

  • Personal Care
  • Home Care
  • Food & Beverage
  • Oilfield Chemicals
  • Agrochemicals
  • Textiles
  • Industrial & Institutional Cleaning
  • Plastics

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Scandinavia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Surfactants Market size was estimated at USD 44.03 billion in 2021 and is expected to reach USD 76 billion in 2032.

Anionic Surfactants and Home Care segment accounted for the highest growth rate in the Surfactants market

Leading players: BASF SE, Solvay Lion Corporation, Kao Corporation, Clariant AG, Stepan Company, Evonik Industries AG, Ashland Global Holdings Inc., Lonza, Indorama Ventures Public Company Limited, Nouryon, Dow Chemical Company, Croda International Plc and Other Prominent Players are the leading players in the Surfactants Market.

Increasing Demand for Green Surfactants and Growing Awareness Regarding Hygiene are the factors driving the Surfactants market

The harmful effects of surfactants on the environment which is leading to degradability and toxicity issues are the challenges associated with the Surfactants Market.

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