logo
logo
Sign in

Low Foam Surfactants Market will Witness A Significant Rise of US$ 19.6 Billion by 2024| AkzoNobel N.V, BASF SE, Clariant AG, Evonik Industries AG, Croda International plc and Others

avatar
MarketsandMarkets™
Low Foam Surfactants Market will Witness A Significant Rise of US$ 19.6 Billion by 2024| AkzoNobel N.V, BASF SE, Clariant AG, Evonik Industries AG, Croda International plc and Others

The low foam surfactants market is projected to reach USD 19.6 billion by 2024 from USD 14.9 billion in 2019 at a CAGR of 5.6% between 2019 and 2024. The market growth of low foam surfactants is driven mainly by growing end-use industries and increasing need for greener & sustainable surfactants. Rising urbanization, increase in the number of working women, changing lifestyle, and growing awareness of hygiene & skin care products are fueling the growth of the market in the personal care end-use industry. The increase in spending on better personal care products is also driving the low foam surfactants market.

Non-ionic surfactants accounted for the largest market share, in terms of value, in 2018. Non-ionic surfactants are mixed with other surfactants and are used widely in cleaners and industrial cleaning applications. The demand is estimated to surge from APAC and South American regions. This is the result of increasing awareness for cleaning and cleanliness in the industries, institutes, and various corporate & government offices. Moreover, the region includes some of the fastest-growing economies such as China, India, and Brazil. Industrial development in these regions favors various other chemical industries, including surfactants.

Get an Exclusive PDF Sample Copy of the Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152239263 

 

The home & personal care segment accounted for the largest share of the market in 2018. The importance of hygiene and personal health has propelled the need for personal care products. This change has led to the increased manufacturing of skin care and hair care products, thus driving the demand for low foam surfactants in the personal care industry. A significant change in the lifestyle of consumers is being witnessed in the majority of the developing countries, especially in China and India. Their increasing income and purchasing power supports the development. All these factors have increased the demand for low foam surfactants in the personal care industry.

The players in the market are focusing on quality and innovation to comply with environmental regulations enforced by governments and to meet the growing demand in various industries such as detergents, personal care, food & beverage, and crop protection, among others. The surfactant market is mature and also has diverse application across a broad range of industries. Thus, the competition among various players is medium as the demand for surfactants cannot be met by a few players.

The growth of the low foam surfactants market has been influenced mainly by new product launches, mergers & acquisitions, contract & agreements, and expansions that took place between 2014 and 2018. BASF SE (Germany), AkzoNobel N.V. (Netherlands), Clariant AG (Switzerland), Evonik Industries AG (Germany) have adopted these strategies to enhance their product offerings and maintain a premium position in the market.

Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=152239263 

BASF SE (Germany) is developing its low foaming surfactants by expanding its production capacities to enhance its position in the market. For instance, in October 2015, the company expanded its production capacity of emollients, waxes, and surfactants. This expansion increased its position in the local market. Additionally, in July 2018, BASF SE (Germany) announced the capacity expansion of its integrated ethylene oxide complex, based in Antwerp, Belgium. The project includes capacity expansions for ethylene oxide and several downstream derivatives, such as surfactants.

Clariant AG (Switzerland) has a global presence and operates through its subsidiaries in various countries. The company is focusing on its R&D activities to develop innovative products over the next few years. It also focuses on developing sustainable products. The company intends to expand its business by tapping new markets globally. It invests heavily in developing new products in response to the increasing demand from international and domestic markets for low foam surfactants. For instance, in July 2016, the company introduced a wide range of specialty surfactants for the Indian market. This launch will enhance the company's position in the Indian market.

Similarly, in April 2015, the company launched a special surfactant under the brand GlucoTain for its personal care business. GlucoTain surfactant offers exceptional performance and quality, which gave the company an added advantage in the market. This development also helped the company to strengthen its personal care business.

Get the Latest Version of the Report and be ahead of Your Competitors: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=152239263  

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Follow Us: LinkedIn | Twitter | Facebook

collect
0
avatar
MarketsandMarkets™
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more