Surfactants Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
Analysis from GMI Research finds that the Surfactants Market earned revenues of USD 43.2 billion in 2022 and expected to touch USD 55.2 billion in 2030 will grow at a CAGR of 3.1% from 2023-2030.
Major Surfactants Market Drivers
The global surfactants market growth is reliant on a few primary factors including a high rise in personal care goods demand, significant usage of surfactants in detergents, rising need from emerging nations, and end-use businesses for cleaning residential applications. Additionally, growth in awareness about personal health and hygiene is estimated to increase the demand for surfactants in the forecast period. High-performance personal care products, detergents, and sustainable cleaning agents are attaining prevalence among end-users. Also, market players in surfactants industry globally are increasing their spending in research and development activities to propose cutting-edge formulations that meet the growing demand for sustainable and superior-performance products.
Different international organizations are encouraging hygiene awareness, primarily in emerging nations, with the help of local government authorities, to fight health risks. UNICEF has called upon nations to develop public awareness concerning personal hygiene and sanitation practices, emphasizing their significance for complete well-being. Since 1990, nearly 593 million individuals in China and 251 million individuals in India have attained admittance to improved sanitation facilities, marking significant progress in public healthcare infrastructure in both developing nations. According to UNICEF, practicing regular handwashing with soap, especially after using the toilet and before having food, is a non-complex, and cost-effective method that can decrease the incidence of diarrhea in kids under the age of 5 by almost 50% and lesser respiratory infections by up to 25%. Therefore, the increasing need for personal care goods and heightened awareness about personal hygiene are predicted to propel the global surfactants market growth in the forecast period.
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In addition, the rising demand for goods from diverse applications such as textiles, home care, and food & beverages shall lead the global market growth. Whereas the home care application is one of the prime applications fostering the market accredited to the growing customer awareness towards hygiene. The surfactants offer protection from different infections and prevent the spread of disease. High growth in demand for detergents, sanitizers, shampoo, cleaning products, and hand wash shall aid the market growth increasingly. Nonetheless, different chemical components are significantly used in industrial and residential cleaning to clean different types of by-products and different household items. Demand for food & beverages is also rising due to the increase in population, which causes producers to increase production to sustain the rising demand, as the good is utilized as additives, further introducing different market growth opportunities globally.
Surfactants are used in anti-fogging solutions, emulsifiers, adhesives, and fabric softeners. The industry is observing a growing need for sustainable technologies. Market players are exploring alternatives to petroleum-based synthetic products. With the extensive applications and innovative usage of green surfactants are considered in different products. They are being utilized in different industries including foods and beverages, home care, and industrial cleaning, and many others. The global surfactants market is estimated to rise because of a significant rise in biotechnology advancement. As there is a rise in the need for sustainable products, the biosurfactants market growth is estimated to rise. Strict rules and regulations by different governments and a growing awareness of sustainable products will aid in presenting a positive impact on global surfactants market growth.
The rise in prominence of environmental and sustainability responsibility is also leading to collaborations among market players around the global surfactants market. Producers are collaborating with suppliers of raw materials to develop environment-friendly surfactant liquids. These collaborations of market producers and suppliers propel innovation and new product development which in turn drive the market demand in the forecast period. Additionally, the environmental rules and sustainability plans are not restrained to an individual region, they are being adopted universally to drive harmonization around the surfactants market globally. In this turn, producers are bound to meet every regulation and fulfill the growing demand of sustainable-conscious clients around the globe. Subsequently, clients are looking for goods that align with their demands of health consciousness, sustainability, and environmental responsibility. This shift in customer preferences is boosting the spending of market players in different research and development activities, product differentiation, and marketing to meet these demands, thereby propelling the global market size and revenue.
Anionic Surfactants segment led the global surfactants market
The demand for anionic surfactants is rising due to their cost-effective nature and widespread series of properties including solubilizing, foaming, emulsification, and detergency, with broad application in toiletries, detergents, industrial applications, and washing powders as well as personal care products market. sulfate, phosphate, carboxylase, and sulfonate are the few anionic functional groups that are present in Anionic surfactants. Surfactants possess a negative charge owing to the negatively charged hydrophilic portion they carry. Anionic surfactants are produced in large volumes and are cost-effective. Moreover, they are sensitive to water hardness, restricting their usage in hard water conditions. Anionic surfactants have different uses in different end-user goods including bathing gels, shampoos, soaps, hand washes, detergents, soaps, and toothpaste, which in turn drive the Anionic surfactants market growth.
Household detergents segment has acquired the largest market share in global surfactants market
This growth of household detergent segment is attributed to a rise in awareness in next-generation concerning cleaning methods and other personal hygiene aspects. In soap and detergent industry, the usage of surfactants is extreme because of their properties alike emulsion, surface tension deduction, dispersion, and wetting. These properties of surfactants help in removing foreign materials from surfaces through interfacial adsorption, known as detergency. Soaps are water-soluble potassium or sodium salts of fatty acids commonly utilized in this procedure. They are derived from oils, fats, and fatty acids through chemical treatment with a bright alkali. It is important to note that not all surfactants are effective detergents.
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By region, the Asia Pacific region registered the global market growth
Growth in the Asia Pacific region can be accredited due to the high rise in demand for personal and home care goods from emerging nations including Japan, China, and India. Growing industrialization, rise in populations, existence of cheap labor, shift in customer preferences, development in living standards, and accessibility of cheap raw materials are the few prime factors to Asia Pacific Surfactants market growth in the forecast period. Moreover, rapid economic emergence has led to a change in the living style of customers, which turn increases in requirement for personal care products such as shaving cream, shampoo, and others. Cheap manufacturing costs and easy accessibility of cheap labor in these developing nations drive different market players to move and set up new facilities in this region to accomplish global existence and APAC surfactants market growth. It is predicted that in the Asia Pacific region, China is the prime importer and customer of these products with considerable growth in population resulting in growth potential.
Moreover, the significant developments in agriculture, personal care and textile industries in Japan’s economy are predicted to emerge as the prime key driver of Japan surfactants market shortly. Other than this, the market players in the APAC surfactants market are speedily integrating strategic partnerships and collaborations to increasingly increase their spending around the region as it accounts for high growth in consumption of surfactants.
North America region is expected to be the fastest growing region in the global surfactants market
North American region is projected to rise steadily due to a rise in the biobased surfactants demand and emerged end-user and industrial goods segments along with a strong aim on research and development. Additionally, changes in customer preferences, and the existence of giant market players, shall propel the North American surfactants market size. Rising consciousness among customers toward utilizing sustainable products in developed nations of North America is projected to propel the demand for bio surfactants. Also, USA regulations have fostered industries to invest in different and developed bio-based technologies that are not harmful for the environment.
Top Market Players
Various notable players operating in the market include Arkema, Ashland, BASF SE, Bayer AG, Cepsa, Clariant, Croda International PLC, DETEN Quimica SA, Dow Inc., Emery Oleochemicals, Evonik Industries AG among others.
Key Developments
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- In 2023, BASF announced an expansion of the production facility for alkyl polyglucosides across Cincinnati, Ohio to fulfill the growing local demand for bio-based and biodegradable surfactants.
- In 2023, Bayer announced a plan of nearly USD 220 million crop protection research and development space at its Monheim location to become a dominant contributor to regenerative agriculture.
- In 2023, Croda acquired Solus Biotech to increase its experience in targeted reputed segments, and make Corda’s Beauty Actives portfolio strong.
- In 2023, Lanza joined hands with Dow to commercialize a surfactant for laundry and household cleaning products introduced from industrial emissions.
- In 2023, BASF expanded its surfactant site across North America to become a dominant supplier of APG around all relevant businesses by delivering sustainable products with high performance.
- In 2022, Clariant launched a range of 100% bio-based surfactants to help directly address the climate change by aiding in eradicating fossil carbon from the process of the value chain.
- In 2022, Stepan Company announced an acquisition of PerformanX Specialty Chemicals to strengthen its position in the market of surfactants.
- In 2022, BASF established biosurfactant to meet growing customer expectations and offer an excellent alternative to traditional anionic surfactants.
- In 2022, Evonik announced the launch of sustainable rhamnolipid biosurfactant REWOFERM RL 100 to expand its portfolio and meet its customer demands significantly.
Segments covered in the Report:
The Global Surfactants Market has been segmented on the basis of Type and Application. Based on the Type, the market is segmented into Anionic Surfactants, Non-ionic Surfactants, Cationic Surfactants, Amphoteric Surfactants. Based on the Application the market is segmented into Household Detergents, Personal Care, Industrial & Institutional Cleaners, Others.
Report Coverage |
Details |
Market Revenues (2022) |
USD 43.2 billion |
Market Base Year |
2022 |
Market Forecast Period |
2023-2030 |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Arkema, Ashland, BASF SE, Bayer AG, Cepsa, Clariant, Croda International PLC, DETEN Quimica SA, Dow Inc., Emery Oleochemicals, Evonik Industries AG among others; a total of 11 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Surfactants Market by Type
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- Anionic Surfactants
- Non-ionic Surfactants
- Cationic Surfactants
- Amphoteric Surfactants
Global Surfactants Market by Application
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- Household Detergents
- Personal Care
- Industrial & Institutional Cleaners
- Others
Global Surfactants Market by Region
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North America Global Surfactants Market (Option 1: As a part of the free 25% customization)
- By Type
- By Application
- US Market All-Up
- Canada Market All-Up
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Europe Global Surfactants Market (Option 2: As a part of the free 25% customization)
- By Type
- By Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Global Surfactants Market (Option 3: As a part of the free 25% customization)
- By Type
- By Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Global Surfactants Market (Option 4: As a part of the free 25% customization)
- By Type
- By Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Global Surfactants Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Arkema
- Ashland
- BASF SE
- Bayer AG
- Cepsa
- Clariant
- Croda International PLC
- DETEN Quimica SA
- Dow Inc.
- Emery Oleochemicals
- Evonik Industries AG
- Published Date: Oct - 2023
- Report Format: Excel/PPT
- Report Code: UP3555-001001
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Surfactants Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
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