Global Surfactants Market to Grow at a CAGR of 5.20% During 2024-2032, Aided by the Rising Demand for Surfactants from the Personal Care Industry

The surfactants industry is driven by the rising demand for surfactants from the personal care industry. This can be attributed to the rising standards of living and the growing awareness regarding hygiene and sanitation among the middle-class population in emerging economies, which is expected to drive increased investments to improve the hygienic conditions by keeping the surroundings free of germs and disease-causing pathogens. In addition to this, the rising demand for household detergents to mitigate the exposure to germs and bacteria through clothing is likely to augment the market in the forecast period.

In March 2020, Stepan Company (NYSE: SCL) announced the complete acquisition of the NatSurFact business, a rhamnolipid-based line of bio-surfactants, from Logos Technologies LLC.

In December 2019, Unilever Plc (NYSE: UL) partnered with Evonik, a specialty chemical company, to launch a green cleaning ingredient Rhamnolipid, which is renewable and biodegradable in nature.

In terms of region, North America is likely to account for a significant market share and is anticipated to witness a considerable growth in the forecast period. The rising investment in the chemical industry is projected to support the market growth in the coming years. In addition, the growing focus of the leading market players in the development of environment friendly and sustainable surfactant solutions is anticipated to bolster the market growth in the forecast period.

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Market Breakup by Type, End Use, and Region:

• The market is segmented, based on type, into cationic surfactants, anionic surfactants, non-ionic surfactants, and amphoteric surfactants, among others. Among these, anionic surfactants are further divided, based on type, into linear alkyl benzene, fatty alcohol ether sulphate, and fatty alcohol sulphate, among others. Meanwhile, the non-ionic surfactants can be divided into fatty alcohol ethoxylate and alkyl phenol ethoxylate, among others.

• Based on end use, the market is divided into household detergents, personal care, institutional and industrial cleaners, food processing, plastics, paints and coatings, oilfield chemicals, agricultural chemicals, adhesives, and textile, among others.

• Region-wise, the global market for surfactants can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for surfactants is being driven by the thriving personal care industry in the emerging economies.

• The improved standards of living, increasing disposable incomes, and the growing awareness pertaining to the importance of hygiene and sanitation are bolstering the market growth.

• The growing adoption of surfactant-based products in hotels, schools, institutions, and hospitals, among others is anticipated to augment the market.

• The market is estimated to be further aided by the growing e-commerce industry, which provides attractive discounts and offers on various products, including household cleaners.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for surfactants for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, end uses, and regions of surfactants.

• The market report also analyses the trade data by covering the major importing and exporting countries.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global surfactants market are BASF SE, Clariant AG, Croda International Plc, Dow Inc., Indorama Ventures Public Company Limited., Kao Corporation, Lonza Group AG, and Evonik Industries AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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