Surfactant market is Anticipated To Incur The Fastest Growth with a CAGR of 4.6% by 2022

Global surfactants market size was worth USD 29.93 billion in 2014. The growth of detergents market, particularly in Asia Pacific and Latin America on account of growing disposable income levels, is expected to drive the global surfactants market over the forecast period. Increasing oilfield chemicals owing to rapidly increasing E&P activities in North America and China is also expected to have a positive impact on the growth.

Surfactants are employed to reduce surface tension between two liquids or a liquid and a solid in the form of detergents, emulsifiers, dispersants, wetting agents or foaming agents. They find application in various end-use industries such as pharmaceuticals, petroleum cosmetics, and agrochemicals. Continuous growth in these sectors is expected to benefit industry participants.

Growing demand for biosurfactants in developed economies of Europe and North America on account of growing consumer awareness and regulatory pressure to reduce reliance on their synthetic counterparts is expected to create new avenues for industry participants. Governments across these regions have also been promoting the use of biosurfactants which promotes industry participants to increase its production.

Low production costs and relatively flexible regulatory scenario in countries such as China, India, Indonesia, Thailand and Vietnam are expected to help penetration over next seven years. Surfactants provide viscosity and stability to emulsion and foam. This is further expected to drive the product demand from various industries over the forecast period.

Price volatility due to constantly fluctuating crude oil prices coupled with rising environmental concerns regarding surfactants degradability and toxicity may challenge growth prospects. Technological constraints resulting in problems related to commercial production of biosurfactants is also expected to hinder the market growth over the forecast period.

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.

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.

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Grand View Research has segmented the global surfactants market on the basis of product, application and region:

Global Surfactants Product Outlook (Volume, Kilo Tons; Revenues, USD Million, 2012 - 2022)

·         Cationic surfactant

·         Nonionic surfactant

·         Anionic surfactant

·         Amphoteric surfactant

·         Other Surfactants

Global Surfactants Application Outlook (Volume, Kilo Tons; Revenues, USD Million, 2012 - 2022)

·         Home Care

·         Personal Care

·         Industrial & Institutional Cleaners

·         Food Processing

·         Oilfield Chemicals

·         Agricultural Chemicals

·         Textiles

·         Emulsion Polymerization (Plastics)

·         Paints & Coatings

·         Construction

·         Other Applications

·         Others

Global Surfactants Regional Outlook (Volume, Kilo Tons; Revenues, USD Million, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

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