Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 45.65 Billion | USD 69.62 Billion | 4.8% | 2023 |
The global Surfactants market size was worth around USD 44.85 billion in 2023 and is predicted to grow to around USD 69.62 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.8% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Surfactants market on a global and regional level.
Surfactants, also known as surface active agents, are both hydrophilic and hydrophobic organic compounds. Surfactants help oil molecules dissolve or blend with water. The properties of surfactants such as detergent, emulsion, froth/foam, stabilisation, wettability and dispersion have a broad empiric approach in various industries.
The growth of the market can be due to the rising demand of the personal care industry. Surfactants are commonly used for domestic and manufacturing applications. The demand for surfactants is projected to rise due to a growing alertness for environmentally sustainable products. Strict regulations on environmental issues, pressure on the government to introduce environmentally sustainable chemical practises, emissions control legislation on manufacturing processes, and growing propensity for environmentally friendly goods are factors that could inhibit the growth of the demand for surfactants.
The global surfactant market is segmented on the basis of substrate, type, application and region.
The substrate segment of the market is diversified into bio-based and synthetic. The bio-based segment is classified into bio-surfactants and chemically synthesized. The synthetic surfactants segment is estimated to be the fast growing segment due to the large-scale use in various commercial and industrial products such as shampoos, detergents, cleaners, soaps, and others. However, the bio-based surfactants segment is in demand due to the rising leaning toward products manufactured from natural raw materials by the consumers.
The type segment of surfactants market is divided into amphoteric, non-Ionic, anionic, and cationic. The non-ionic segment is diversified into alkyl phenol ethoxylates, fatty Al ethoxylates, and other. The anionic segment is classified into sulfosuccinates, linear FAI ether sulfates, alkyl benzene, FAI sulfates, and others.
The application segment of surfactants market is divided into food and beverage, detergents, elastomers and plastics, personal care, crop protection and textile. The detergents segment of application segment is estimated to dominate the surfactants market. Detergents are extensively used for household and industrial purposes. The requirement for detergents from industries has been increased due to the increasing demand for more improved and effective detergents. Hence, the companies are constantly indulged in developing advanced and better detergents.
Report Attributes | Report Details |
---|---|
Report Name | Surfactants Market |
Market Size in 2023 | USD 45.65 Billion |
Market Forecast in 2032 | USD 69.62 Billion |
Growth Rate | CAGR of 4.8% |
Number of Pages | 110 |
Key Companies Covered | Air Products and Chemicals, Inc., E. I. du Pont de Nemours and Company, Clariant AG, Akzo Nobel N.V., and BASF SE. The other major players in the market are Kao Corporation, Stepan Company, Solvay, and Huntsman Corporation among others |
Segments Covered | By Substrate, By Type, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia-Pacific region is expected to rise in the demand for surfactants. This rise will lead to reasons such as growing the presence of a broad customer base in the country. The large customer base has contributed to a rise in demand for home, personal care goods and two major industry categories of use. Due to growing economies in India and China, demand for surfactants has increased in industries such as chemicals, pulp and paper, agriculture, textiles, and others.
Some main participants of the surfactants market are:
By Substrate
By Type
By Application
Surfactants Market: Regional Segment Analysis
FrequentlyAsked Questions
The surfactant market is anticipated to grow owing to the rising alertness for environment-friendly products.
According to study, the Surfactants Market size was worth around USD 44.85 billion in 2023 and is predicted to grow to around USD 69.62 billion by 2032, growing at a CAGR of around 4.8% during 2024-2032.
The Asia-Pacific region is anticipated to be the growing region in surfactants market. This growth can be contributed to factors such as increasing economies and existence of vast consumer base in this region.
Some main participants of the surfactants market are Air Products and Chemicals, Inc., E. I. du Pont de Nemours and Company, Clariant AG, Akzo Nobel N.V., and BASF SE. The other major players in the market are Kao Corporation, Stepan Company, Solvay, and Huntsman Corporation among others.
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