Surfactants Market Overview
The global surfactants market by revenue is expected to grow at a CAGR of over 6.80% during the period 2021-2028.
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.
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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 market 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 2028.
The increasing disposable incomes and growing standard of living create strong demand for surfactants in the textile industry.
Segmentation by Type
Anionic
Non-Ionic
Cationic
Amphoteric
Others
Segmentation by End-Use
Household Detergents
Personal Care
Textile
Industrial & Institutional Cleaner
Food Processing
Oilfield Chemicals
Agricultural Chemicals
Construction Chemicals
Pulp & Paper
Others
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Geographical Analysis
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.
Competitive Landscape
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.
BASF SE
The Lubrizol Corporation
Evonik
Clariant
Arkema
Solvay
Eastman Chemical Company
Aarti Surfactants
Lonza
Stepan Company
ASHLAND
Croda International PLC
Adeka Corporation
Akchemtech
Alzo International INC.
colonial chemical
Oxiteno
Sanyo Chemical Industries
DOW
Innospec
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