Surfactants Market Worth $42,120.4 Million by 2020

DALLAS, June 4, 2015 /PRNewswire/ --

The report, "Surfactants Market, by Product type (Anionic, Non-Ionic, Cationic & Amphoteric), by Substrate (Synthetic & Bio-based), and by Application (Soap Industry, Personal Care Industry, Textile Industry, Industry and Institutional Cleaning, Elastomers and Plastics Industry, Oilfield Chemicals, Crop Protection, Food Industry, and Others) - Trends & Forecast to 2020", The Global Surfactants Market is projected to reach 24,037.3 KT (Kilotons), in terms of volumetric demand, and $42,120.4 Million in terms of value, by 2020, estimated to grow at a 5.5%, by value, during the forecast period of 2015 to 2020

Browse 133 market data Tables and 55 Figures spread through 193Pages and in-depth TOC on "Surfactants Market".

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The market report defines and segments the global surfactants market in terms of volume and value, and also analyzes and forecasts the market size of types and applications in terms of volume as well as value.

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The increasing demand for eco-friendly (bio-based) surfactants, specifically from the European and North American regions, is driving the growth of the global surfactants market. Regulations and non-toxicity are among the main factors favoring the use of bio-based surfactants in these regions.

Currently, Asia-Pacific dominates the global surfactants market, followed by North America and Europe. Asia-Pacific is also anticipated to grow at the highest growth rate during the next five years. This is owing to the growth in related segments such as personal care, soap/detergent, oilfield chemical, food, and pharmaceuticals, among others, in the region. North America is the second-largest consumer of surfactants. The Middle East & Africa market is estimated to witness significant growth (higher than global average) during the forecast period of 2015 to 2020. The market in this region is experiencing increased demand in several applications of surfactants.

Synthetic/chemical-based surfactants still hold the largest share in the overall surfactants market, as of 2014. However, due to stringent regulations, bio-based surfactants are expected to gain traction and grow at a higher CAGR in the coming years. Bio-based surfactants are priced higher than synthetic surfactants because of the expensive raw materials. However, considering the existing research & development taking place in the industry, prices are estimated to come down in the near future.

Bio-based surfactants are primarily of two types, namely non-ionic or amphoteric. At present, the anionic surfactants segment captures the larger share of the surfactants market. However, due to higher growth of bio-based surfactants, and eco-friendly and less toxic nature of non-ionic surfactants, the non-ionic surfactants segment is expected to witness higher growth during the given forecast period.

"Soap/detergent is the topmost application segment in the surfactants market" 

The soap/detergent application segment holds the largest share of the global surfactants market, having accounted for over 46% of the global market, in terms of both volume as well as value. The elastomers and plastics application segment is projected to grow at the fastest CAGR during the forecast period. In the oilfield chemicals surfactants segment, the North American region is expected to lose its dominance to Asia-Pacific, owing to the increased off-shore exploration activities and expected commercial production of shale gas by China, which has the largest shale gas reserves.

Shale gas production will lead to more availability of raw materials for synthetic surfactants. This will further reduce the price of synthetic surfactants. This will drive the surfactants market mainly in Asia-Pacific and RoW, owing to the less stringent regulations in these regions.  

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