DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "Surfactant Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global surfactants market by revenue is expected to grow at a CAGR of over 4.80% during the period 2021-2026.
Anionic surfactants are witnessing high demand in the global market. Anionic is the most widely used surfactant, contributing 46.31% by value, and are most widely used in cleaning product such as laundering, dishwashing liquids, and shampoo. Increasing demand for agrochemicals and the surge in construction activities are contributing to significant growth for the market in the APAC region.
Strong economic growth, demand for green housing, and substantial investment by the federal and state government to boost residential buildings significantly contribute to the growth of the construction chemical and paints and coating in the US, which will drive the demand for surfactants. In recent years, amphoteric surfactants are experiencing rapid development with the rising demand by the end-user.
APAC is the largest market for surfactants. Rapid urbanization, rising disposable income, and growing industrialization in food and agriculture are creating a demand for surfactants in APAC.
China, India, Japan, and Singapore are the major market for investment in the past couple of years and will continue to be significant. In 2020, China held the largest APAC surfactants market, with a share of 55.80%. Players are shifting their production base to APAC due to the stringent regulatory norms in Europe and North America.
Increasing investment in several projects such as 5G networks, artificial intelligence, IoT, and data centers are some of the factors contributing to the rapid growth of the construction industry in China, leading to the high demand for surfactants. Recent changes occurred due to the pandemic, especially in India, the launch of the campaign such as "Vocal for Local" is expected to add momentum to the emergence of India as a leading region.
MARKET SHARE & SEGMENTS
The surge in growth for personal care products and the growing demand for pharmaceutical products are soaring the demand for anionic surfactants.
Surfactants are ubiquitous and one of the vital components of agrochemicals. India, China, Japan, Germany, France, and the UK are the major market for agrochemicals.
The oilfield chemical in the surfactants market is expected to reach USD 2,978.29 million by 2026.
The increasing disposable incomes and growing standard of living create strong demand for surfactants in the textile industry.
The prominent players in the market focus on developing innovative products to support sustainable development and expanding their product portfolio by making considerable investments in R&D.
Mergers and acquisitions, benefiting the companies in purchasing raw materials, distribution, and R&D and it is largely driven by amalgamation. Vendors are delivering specialty chemicals for multiple end-user industries to overcome the competition.
The growth of the market in China is bringing strength to the Chinese chemical industry, thus driving the overall growth of the surfactant industry. Vendors are competing to achieve a high share and presence in the global industry.
The Lubrizol Corporation
Other Prominent Vendors
Eastman Chemical Company
Croda International PLC
Alzo International INC.
Sanyo Chemical Industries
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 Surfactant Classification
7.2.1 Surfactant Type: Key Insights
7.2.2 End-Use: Key Insights
7.2.3 Raw Material: Key Insights
7.2.4 Cost: Key Insights
8 Growth Opportunity by Segment
9 Market Opportunities & Trends
9.1 Increasing Consumption of Surfactants by Cosmetics & Personal Care Segment
9.2 Booming Agrochemical Industry
9.3 Growing Food & Beverage Industry
10 Market Growth Enablers
10.1 Growing Consumption of Bio-Based Surfactants
11 Market Restraints
11.1 Toxicity Caused by Surfactants
11.2 Volatility in Raw Material Prices
12 Market Landscape
12.1 Geographic Landscape
12.2 Market Size & Forecast
12.3 Five Forces Analysis
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Personal Care
14.5 Construction Chemical
14.7 Paints & Coatings
14.8 Food Processing
14.9 Household Detergents
14.10 Industrial & Institutional Cleaners
14.11 Oilfield Chemicals
14.12 Pulp & Paper
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/8djceh
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005782/en/
Laura Wood, Senior Press Manager
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