Surfactants Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2019 to 2027
The global surfactants market share is expected to reach USD
60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast
period. The growing awareness about personal health and hygiene will spur
lucrative growth opportunities for the market, states Fortune Business
Insights, in a report, titled “Surfactants
Market Size, Share & Industry Analysis, By Type (Anionic, Nonionic,
Cationic, and Amphoteric), By Application (Home Care, Personal Care, Textile,
Food & Beverages, Industrial &Institutional Cleaning, Plastics, and
Others), and Geography Forecast, 2020-2027.”
The surfactants
market growth stood at USD 44,157.4 million in 2019 and is expected to
reach USD 60,500.4 million
by 2027, exhibiting a CAGR of 4.9% during the forecast period.
The whole world
is battling with the novel coronavirus, leaving numerous industries distraught.
The authorities of several countries have initiated lockdown to prevent the
spread of this deadly virus. Such plans have caused disturbances in the
production and supply chain. But, with time and resolution, we will be able to
combat this stern time and get back to normality. Our well-revised reports will
help companies to receive in-depth information about the present scenario of
every market so that you can adopt the necessary strategies accordingly.
Market Driver:
Rising Demand for
Home Care Products to Augment Growth
The increasing
application of surfactants in homecare,
textiles, and food & beverage industries will have an outstanding impact on
the global market. The escalating need for home care products among the urban
population will bolster the healthy growth of the market in the forthcoming
years. The increasing consumer consciousness towards hygiene owing to the
spread of various diseases and viruses can subsequently aid the expansion of
the market. Products in homecare include sanitizers, detergents, cleaning
products, shampoo, hand wash, and others. The heavy demand for such products is
expected to support the development of the market. Moreover, the surging
population has further boosted the demand for food & beverages, which, in
turn, will augur well for the market.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/surfactants-market-102385
The report on the surfactants market emphasizes:
·
Wide-ranging analysis of the market
·
Superior insights into the segments
·
Extensive information about dominant regions
·
Key information about key players
·
Latest developments
·
Market drivers and restraints
Covid-19
Impact
Rising Emphasis on Hygiene to Boost Market
Amid Coronavirus
The COVID-19 pandemic has resulted in the
expansion of the household care
industry because of the growing concern about cleanliness and hygiene. The
surging sales of household care products will benefit the market amid COVID-19.
As per the Household and Commercial Products Association (HCPA), the market
value is around USD 180 billion per annum of home care products such as
cleaners, and disinfectants for homes and commercial environments. Besides, the
inflated demand for hand sanitizers and disinfectant sprays will have a
tremendous effect on the global market during the COVID-19 pandemic.
Regional Analysis:
Rapid Industrialization to Bolster Growth in North America
The market in North
America is expected to hold the largest share in the global market during the
forecast period owing to the rapid industrialization in the region. The rising
disposable income is likely to foster the healthy growth of the market in North
America. The emerging manufacturers of bio-based surfactants owing to improving
economic conditions will augur well for the market in the region. The
significant demand for homecare and cosmetics products will have a positive
effect on the market in the region. Moreover, the evolving consumer lifestyle
is expected to further enhance the development of the market. Moreover, the
presence of Chevron, Dow, and Formosa Plastics will further boost the production
of ethylene oxide, as 23% of purified ethylene grade is used for the production
of surfactants. These factors and drivers together will enable speedy
development of the market.
Key
Development:
February 2018:Croda International Plc announced the launch
of an ECO range of bio-based surfactants that are a 100% renewable range of
non-ionic surfactants. The product range offers a wide variety of
assistancethat includes emulsification, cleansing and detergency, and solubilization
while also delivering stable and mild formulations.
Request a
sample PDF ( includes COVID-19 Impact Analysis):
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/surfactants-market-102385
The
Report Lists the Main Companies in the Surfactants Market:
·
Akzonobel
N.V (Arnhem, Netherlands)
·
Clariant AG
(Muttenz, Switzerland)
·
BASF SE
(Ludwigshafen, Germany)
·
Kao
Corporation (Tokyo, Japan)
·
Evonik
Industries AG (Essen, Germany)
·
Lion
Corporation (Tokyo, Japan)
·
Indorama
Ventures Public Company Limited (Bangkok, Thailand)
·
Ashland
Global Holdings Inc. (Delaware, U.S.)
·
Croda
International Plc (Snaith, United Kingdom)
·
Stepan
Company (Illinois, U.S.)
·
Dow
Chemical Company (Michigan, U.S)
·
Other Key Players
About Us:
Fortune Business
Insights™ delivers accurate data and innovative corporate analysis, helping
organizations of all sizes make appropriate decisions. We tailor novel
solutions for our clients, assisting them to address various challenges
distinct to their businesses. Our aim is to empower them with holistic market
intelligence, providing a granular overview of the market they are operating
in.
Contact Us:
Fortune Business
Insights™ Pvt. Ltd.
308, Supreme
Headquarters,
Survey No. 36,
Baner,
Pune-Bangalore
Highway,
Pune - 411045,
Maharashtra, India.
Phone:
US :+1 424 253
0390
UK : +44 2071
939123
APAC : +91 744
740 1245
Email:
sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Comments
Post a Comment