Surfactants Market by Type (Anionic, Non-ionic, Cationic & Amphoteric), Application (Home Care, Personal Care, Industrial & Institutional Cleaning, Textile, Elastomers & Plastics, Agrochemicals, and Food & Beverage), and Region - Global Forecast to 2028
In terms of value, the surfactants market size is projected to increase from USD USD 43.5 billion in 2022 to USD 57.8 billion by 2028, at a CAGR of 4.9%. One of the major reasons making a positive outlook for the surfactants industry is the rising demand from personal care industry, increasing demand from different industries, and mounting demand from end-use industries for cleaning applications. Also, the mounting demand of bio-derived and green surfactants is pushing the market. Due to these reasons, the consumption of surfactants has grown significantly.
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Market Dynamics
Driver: mounting demand from end-use industries for cleaning applications
Industries such as heathcare, retail businesses, hospitality, and various institutions, there is a direct client interaction; thus, these industries and institutions are focuses on cleanliness. Additionally, surfactant plays are important role in cleaning products as it is widely used in various products and forumulations to improves efficacy of cleaning solutions. Therefore, the demand for surfactants in rising form end-use industries.
Restraints: encounter competition from rival formulations
The products made from polymers, natural sufactants and enzymes are shows better performance than surfactants. Also, these products also they are eco-friendly and cost effective. Thus, they create a challenge for the surfactants.. because of these alternatives demand for surfactants can be decrease, which might limit growth and act as a restraint on the growth of the market.
Opportunities: Growing need for bio-derived surfactants
Bio-derived surfactants are contemplated more natural friendly as compared to traditional surfactnts. Also, the mounting necessity for bio-derived surfactants grants a substantial chance for manufacturers working in the surfactants market. Moreover, many countries have authorized regulations directing the use of bio-derived surfactants due to their low toxicity and eco friendliness. This has led to an growth in demand for surfactants, which creates an opportunity for producers to tap into this growing market.
Challenges: Harmfulness of some surfactants
Surfactants such as linear alkylbenze sulfonatesm nonylphenol ethoxylates, alkylphenol ethoxylates, sodium lauryl sulfate, and among others are toxic in nature and a cause of concern. Gernerally, they cause reproductive disorders in aquatic animals, shows skin cancer in mice, and respiratory distress. Thus, the harmfulness of these surfactants is a major challenge for manufacturers.
Surfactants Market Ecosystem
Prominent companies in this market include well-established, financially stable surfactants business. These businesses have been in business for a while and have a extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include BASF SE (Germany), Stepan Company (US), Evonik Industries AG (Germany), Dow Inc. (US), Nouryon (Netherlands), and Solvay S.A.
Based on type, anionic surfactants are projected to be the largest market for surfactants, in terms of value, during the forecast period.
Cationic surfactants, anionic surfactants, amphoteric surfactants, and non-ionic surfactants are the segments of the surfactants on the basis of type. Among them, the anionic surfactants are used in wide range of applications such as personal care, textile, pharmaceuticals, home care, and others. This is due to its compatibility, low cost, low toxicity and availability. Hence, the anionic surfactants is the largest type for the surfactants market.
Based on application, home care is projected to be the largest market for surfactants, in terms of value, during the forecast period.
The surfactants are used in wide range of application and the market segmented into textile, home care, personal care, agrochemicals, oilfield chemicals, elastomers & plastics, and others. From them, the home care application needs more cleaning products as and food products as compared to other applications. Also, the surfactants are suitable for cleaning products due to their ability to reduce surface tension in water which allows it to spread more easily. Hence, the home care segment is the largest application for the surfactants market.
“Asia Pacific accounted for the largest market share for surfactants market, in terms of value, in 2022”
In terms of value, Asia Pacific was the largest market for surfactants, followed by the North America, in 2022. This is due to the rise in population, industrialization, low labour cost, improved living standards and accessibility of raw materials. Due to this reasons the personal care, home care, textile and industrial & institutional cleaning applications in Asia Pacific are growin. Thus, the Asia Pacifc holds the largest market share for surfactants.
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Key Market Industry Players
The key players profiled in the report include BASF SE (Germany), Stepan Company (US), Evonik Industries AG (Germany), Dow Inc. (US), Nouryon (Netherlands), Solvay S.A. (Belgium), Ashland Inc. (US), Clariant AG (Switzerland), Kao Corporation (Japan), Croda International Plc (UK), and others are the key manufacturers that holds major market share in the last few years. Major focus was given to the collaborations, partnerships and new product development due to the changing requirements of users across the world.
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Report Metric |
Details |
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Years considered for the study |
2018–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Volume (Kiloton) and Value (USD Million/Billion) |
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Segments covered |
Substrate, Type, Application, and Region |
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Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies profiled |
BASF SE (Germany), Stepan Company (US), Evonik Industries AG (Germany), Dow Inc. (US), Nouryon (Netherlands), Solvay S.A. (Belgium), and among others. |
This report categorizes the global surfactants market based on substrate, type, application, and region.
On the basis of substrate, the surfactants market has been segmented as follows:
- Synthetic Surfactants
- Bio-Based Surfactants
- Chemically Synthesized Bio-Based Surfactants
- Biosurfactants
On the basis of type, the surfactants market industry has been segmented as follows:
- Anionic Surfactants
- Non-ionic Surfactants
- Cationic Surfactants
- Amphoteric Surfactants
On the basis of application, the surfactants market has been segmented as follows:
- Home Care
- Personal Care
- Industrial & Institutional Cleaning
- Textile
- Elastomers & Plastics
- Oilfield Chemicals
- Agrochemicals
- Food & Beverage
- Others
On the basis of region, the surfactants market industry has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East & Arica
- South America
Recent Developments
- In October 2022, BASF and Hannong Chemicals, Inc. planned to create a joint venture for the commercial production of non-ionic surfactants in Asia Pacific.
- In May 2022, Stepan Company has started the construction at its existing Pasadena, Texas facility to build and operate a new alkoxylation plant.
- In December 2022, Evonik Industries AG launched a new biosurfactant, namely, REWOFERM RL 100. It is fully biodegradable and sourced from renewable feedstocks.
Frequently Asked Questions (FAQ):
What are the major developments impacting the market?
The growing need for bio-derived and green surfactants is expected to shift market trends.
Who are major players in surfactants market?
The key players profiled in the report include BASF SE (Germany), Stepan Company (US), Evonik Industries AG (Germany), Dow Inc. (US), Nouryon (Netherlands), and Solvay S.A.
What is the emerging application of surfactants?
Home care is the emerging application of surfactants market during the forecast period.
What are the major factors restraining market growth during the forecast period?
Encounter competition from rival formulations is the major restraint for surfactants market growth.
What are the various strategies key players are focusing within surfactants market?
Key players are majorly focused on new product launch and partnering with local or regional players within the market, in order to attract larger market share globally. .
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10 SURFACTANTS MARKET, BY REGION (Page No. - 108)
The study involved four major activities in estimating the market size for surfactants. Intensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The surfactants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized from key opinion leaders in various applications for the surfactants industry. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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COMPANY NAME |
DESIGNATION |
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BASF SE |
Global Strategy & Innovation Manager |
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Stepan Company |
Director |
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Dow Inc. |
Project Manager |
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Evonik Industries AG |
Regional Manager |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the surfactants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Surfactants Market: Bottom-Up Approach
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Surfactants Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the surfactants industry.
Market Definition
The surfactants market involves the manufacture and sale of surfactants designed primarily for use in home care, personal care, industrial & institutional cleaning, textile and other applications. These surfactants primarily lower the surface tension between two liquids, or between a liquid and a solid, or between a gas and a liquid. Surfactants offer advantages such as improved liquid spreading, stabilized emulsions, foam creation or defoaming, enhanced wetting and surface coating, hydrophobic substance dissolution, efficient cleaning, biocompatibility, and extended product stability.
Key Stake Holders
- Surfactants manufacturers
- Raw material manufacturers
- Government planning commissions and research organizations
- Industry associations
- End-use applications
- R&D institutions
Report Objectives
- To analyze and forecast the size of the Surfactants market in terms of volume and value
- To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
- To define, describe, and segment the Surfactants market based on substrate, type, and applications
- To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To strategically profile key players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Growth opportunities and latent adjacency in Surfactants Market
Specific requirement on non-ionic surfactants market for US