The Surfactants market was valued at USD 41.7 Billion in 2020, and it is expected to reach a value of USD 57.1 Billion by 2027, at a CAGR of 4.49% over the forecast period (2020 - 2027).
Surfactants are chemicals that are employed in several cleaning solutions due to their ability to lower water surface tension, essentially making the molecules slipperier, making them less likely to stick together and more likely to interact with oil and grease. The surfactants market is projected to grow considerably due to factors such as cheap pricing, the simple availability of surfactants, and a wide range of applications. In addition, the increasing usage of surfactants in household detergents is projected to drive the surfactants market ahead over the forecast period. During the forecast period, demand expansion will be hindered by raw material price volatility and environmental concerns regarding surfactants. Furthermore, the ongoing development of the personal care sector and the use of surfactants in neonatal respiratory distress syndrome are likely to generate several company expansion possibilities in the future years.
The expansion of end-user industries and shifts in lifestyle in emerging economies are driving the growth of the surfactant market. While the agriculture business is stimulating the pesticide market, it is also stimulating the surfactant market because the product is utilized as a wetting agent in herbicides. Herbicides are frequently utilized to kill weeds in farms by farmers all over the world, producing a steady need for surfactants in the agricultural sector, which offers another revenue stream for vendors in the surfactants industry.
This report provides in-depth analysis of Global Surfactants market. We have analyzed 20+ data points that include product price trends, consumer purchase patterns, company annual sales performance, COVID-19 impact on distribution channels, parent industry performance, regional trends, and technological innovations, for tracking the Global market size and performance in the recent years.
Global Surfactants Market: Impact of COVID 19
The Covid-19 epidemic has created worldwide worry and economic bankruptcy for numerous businesses, sectors, and customers. The situation is quickly changing, with far-reaching consequences for the chemical sector. Among personal care, textiles, elastomers & plastics, crop safety, and food & drinks, the detergents category accounts for the majority of the worldwide surfactant market share. Surfactant demand will be boosted by the large rise in global use of soaps and detergents as a result of consumers' heightened cautious measures in the wake of the Covid-19 epidemic..
Key Trends in Global Surfactants Market
- The growth of the surfactants business is being driven by the expansion of end-user industries and changes in lifestyle in emerging economies. However, variations in raw material prices, green packaging, and regulatory pressure to implement environmentally sustainable chemical processes will all have an impact on demand growth.
- As consumers become more ecologically sensitive, they seek green or bio-based surfactants. This is anticipated to benefit market demand. Because they are effective and adaptable, bio-based surfactants are used in personal care, cleaning goods, food, and drinks.
- Surfactant usage is no longer restricted to a particular industry, but the trend of using the product across sectors is driving market expansion. They are utilised in household products, textiles, and food and beverages. Aside from that, increased consumer awareness of cleanliness is a trend that is bolstering market growth.
Global Surfactants Market: Competitive Landscape
The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. Some of their recent developments are as follows:
- The NatSurFact firm of Logos Technologies LLC, a rhamnolipid-based line of bio-surfactants derived from renewable sources, was purchased by Stepan Company in March 2020. Rhamnolipids are appealing due to their low toxicity, good biodegradability, and, unusual antimicrobial properties.
- In December 2019, Unilever in partnership with Evonik, launched a biosurfactant, Rhamnolipid. Rhamnolipid is 100% renewable and biodegradable. It is also ultra-mild on the skin, which sets it apart from other surfactants. This surfactant was, for the first time, used by Unilever in its Quix dishwashing brand in Chile.
- In October 2019, BASF doubled the capacity of alkyl polyglucoside (APG), which is a surfactant used in the personal care segment.
