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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Demand for Institutional and Industrial Cleaners to Boost the Growth of the Surfactants Industry
The rising application of surfactants in institutional and industrial cleaners is driving the overall growth of the market. Surfactants are chief ingredients in foaming agents, dispersants, emulsifiers, solubilising agents, and cleaners, which are further used for cleaning the surface and maintaining proper sanitation. Over the forecast period, the rising demand for institutional and industrial cleaners in hospitals, hotels, restaurants, schools, and others is expected to augment the market growth. Furthermore, the rapid expansion of the personal care industry, particularly in emerging economies, is expected to provide an impetus to the market.
Surfactants Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global surfactants market attained a value of nearly USD 50.59 billion.
The market is estimated to grow at a CAGR of 5.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 79.82 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the growing personal care industry, rapid industrialisation and urbanisation, and rising standards of living, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing innovations by the leading industry players and new product launches.
Cationic surfactants, anionic surfactants, non-ionic surfactants, and amphoteric surfactants, among others are the major types of surfactants included in the market report.
Household detergents, personal care, institutional and industrial cleaners, food processing, plastics, paints and coatings, oilfield chemicals, agricultural chemicals, adhesives, and textile, among others are the different end uses of the product.
The major players in the industry 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.
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