June 30, 2020
According to the research report titled ‘Global Surfactant Market - Analysis By Type, By Application, By Region, By Country (2020 Edition): Market Insights, COVID-19, Implications, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global surfactant market was worth USD 38198.5 million in the year 2019 and is expected to register momentous growth during 2020-2025.
Growing inclination towards self-grooming coupled with rising per capita income have enhanced the adoption of home care, oral care, hair care and skin care products, which in turn is a major factor driving the surfactant market growth. Increasing awareness pertaining to personal hygiene & cleanliness and evolving consumer lifestyle are further aiding the market expansion.
As per type, the report states that anionic surfactant market segment is predicted to expand significantly during the estimated timeframe. These surfactants possess exceptional dispersing and emulsifying properties, while forming superior foam and enabling better dirt removal, which in turn is contributing towards popularity of the product for various end-use applications in oil & gas, agriculture, pharmaceutical and construction industries.
Additionally, rising cognizance about contagious diseases as well as focus towards personal hygiene and sanitation have impelled the adoption of sanitizers, soaps, hand wash and detergents for industrial and institutional cleaning practices, thereby fueling the anionic surfactant share.
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Elaborating on the application spectrum, personal care segment is expected to record considerable growth in the ensuing years. Increasing number of startups and growing demand for high quality and premium personal care products are stimulating the industry outlook. Shifting preference towards eco-friendly grooming products is also favoring market scenario.
Regionally, Asia-Pacific surfactant market is estimated to generate substantial returns during the study period. Inclination towards maintaining physical appearance, surging disposable income and rising millennial population are augmenting the regional demand for surfactants, which in turn is swaying the business dynamics in Asia-Pacific.
DKS Co. Ltd., Croda International Plc, Compañía Española de Petróleos, S.A.U. (Cepsa), Stepan Company, Galaxy Surfactants Ltd., Clariant AG, Lion Corporation, Evonik Industries AG, The Dow Chemical Company and Aarti Industries Ltd. are the key participants in global surfactants market.