PORTLAND, Oregon, August 29, 2018 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "Surfactants Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global surfactants market was valued at $43,655 million in 2017, and is projected to reach $64,408 million by 2025, registering a CAGR of 5.4% from 2018 to 2025. Asia-Pacific is anticipated to be the highest revenue contributor throughout the forecast period.
Surfactants, also known as surface-active agents, are organic chemicals with a hydrophilic and a hydrophobic end that when added to a liquid, change its properties at the surface or interface. They can be classified either based on the nature of their charge on individual polar functional groups or based on their molecular weights.
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By type, the global surfactants market is classified into cationic surfactant, anionic surfactant, nonionic surfactant, amphoteric surfactant, and others. Anionic surfactants are majorly derived from carboxylation, sulfation, and condensation of fatty acids and phosphoric acid derivatives. Cationic surfactants are obtained by the reaction of tertiary amines with classical alkylating agents, whereas alkylation processes of betaines and true amphoteric surfactants produce amphoteric surfactants. In 2017, anionic surfactant and nonionic surfactant segments occupied up to two-thirds share of the surfactants market, in terms of volume.
By application, the surfactants market is segmented into household detergent, personal care, industrial & institutional cleaner, food processing, oilfield chemicals, agricultural chemical, textile, plastic, paint & coating, adhesive, and others. The household detergent and personal care segments, together held more than two-thirds share in the surfactants market in 2017. High demand for personal care products, owing to increase in personal incomes, change in lifestyles along with rise in demand for household detergents drive the market growth.
North America and Europe collectively accounted for half of the market, in 2017, however, Asia-Pacific alone captured more than one-third share of the surfactants market. The prices of surfactants are comparatively high in Europe due to regulations of Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH); however, the cost in the U.S. is anticipated to remain moderate, due to low mineral oil prices for both anionic and cationic surfactants.
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Key Findings of the Surfactants Market:
- Asia-Pacific is expected to remain dominant from 2018 to 2025 in terms of revenue, followed by North America.
- The nonionic surfactants market is expected to grow at a CAGR of 5.8% during the forecast period.
- Surfactants for personal care applications is the fastest growing application in terms of revenue in the global surfactants market, with a CAGR of 6.0% from 2018 to 2025.
- China is the fastest developing region in the Asia-Pacific surfactants market, growing at a CAGR of 6.9% from 2018 to 2025.
Asia-Pacific and North America collectively contributed more than two-thirds to the market revenue in 2017. In the same year, Asia-Pacific dominated the market, in terms of revenue, owing to increased demand for surfactants in personal care and household detergent applications.
The report provides an extensive competitive analysis and profiles of the key market players, such as BASF SE, The Dow Chemical Company, Stepan Company, Evonik Industries AG, Kao Corporation, The Proctor & Gamble Company, Clariant, Lion Specialty Chemicals Co, Ltd., Solvay S.A., and Huntsman Corporation. The other players in the value chain (not included in the report) include Galaxy Surfactants, Aarti Industries Ltd., Wacker Chemie AG, and Jiangsu Maysta Chemicals Co. Ltd.
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SOURCE Allied Market Research