Surfactants Market Racing to a Heightened Growth of 4.6% by 2023

In 2014, the Global Surfactant Market was worth USD 25.60 billion. Development of detergents market predominantly in Latin America and Asia Pacific as a result of rising disposable income levels is likely to drive market growth. Moreover, growing oilfield chemicals demand on account of speedily growing E&P activities in China and North America is also expected to drive the global surfactants market.

Surfactants are used to diminish surface tension between a solid and a liquid or between two liquids in the form of emulsifiers, wetting agents, foaming agents, detergents or dispersants. They are used in numerous end-use industries for instance cosmetics, agrochemicals and pharmaceuticals. Constant progress in these sectors is projected to assist the major industry participants.

Anioinic surfactants was the largest product type which accounted for over 45% of the market in 2014. Increasing demand for linear alkyl benzene in cleaners and detergents on account of profitable characteristics of products led to the high market share. Amphoteric surfactant type is projected to witness the highest growth rate, at an estimated CAGR of 4.9% from 2015 to 2022. Amphoteric surfactants are extensively being used worldwide owing to their various properties such as conditioning, bio degradability, foaming & foam stabilization and detergency.

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Surfactant application accounted for the highest market share of over 40% in 2014. Growing product demand in detergents, household cleaners and soaps accounted for the huge demand in home care segment. Personal care application is forecasted to witness the highest growth rate, at an anticipated CAGR of 5.0% from 2015 to 2022. The growing demand for new innovative products such as anti-aging creams and make-up is expected to drive the demand for personal care application.

Top Players of Surfactants Market:

BASF-Cognis was the leading company operating in the global market. BASF is followed by Akzo Nobel and Kao Corporation. Other key industry participants include Stepan Company, Rhodia, Clariant, Evonik Industries, Croda International, Huntsman Corporation, etc.

Market Segmentation of Surfactants Market:

The Global Surfactants Market segmented on the basis of Product and Application.

By Products:

Cationic surfactant
Nonionic surfactant
    Fatty Al Ethoxylates (AE)
    Alkyl Phenol Ethoxylates (NPE)
Anionic surfactant
    Linear Alkyl Benzene
    FAI Ether Sulfates
    Sulfosuccinates
Amphoteric surfactant

By Application:

Home Care
Personal Care
Industrial & Institutional Cleaners
Food Processing
Oilfield Chemicals
Agricultural Chemicals
Textiles
Emulsion Polymerization (Plastics)
Paints & Coatings
Construction

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