DUBLIN--(BUSINESS WIRE)--The "Surfactants Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global surfactants market is anticipated to register a CAGR of over 3% (in terms of volume) during the forecast period.
One of the major factors driving the growth of the market is the growth of the Asia-Pacific personal care industry. The expanding application base of bio-based and speciality surfactants is further expected to add to the market.
Household soap and detergent is the largest application for surfactants in terms of volume. Surfactants are used as ingredients in a variety of products in the personal care segment, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others. The personal care industry accounted for a healthy share of the global market, thereby augmenting the growth of the market.
Environmental issues address certain key concerns that include toxicity, biodegradability, eutrophication, and lifecycle analysis. One of the biggest challenges faced by the surfactants industry is the level of the environmental effect caused by the use of its various products, like detergents. This is likely to hinder the market growth.
As the demand for speciality surfactants is growing rapidly in various applications, the market for speciality surfactants is projected to increase drastically during the forecast period, thus providing opportunities for innovations in application-specific products.
The surfactants market is highly fragmented, with the top five companies accounting for almost 15% of the market. Key players in the surfactants market include 3M Company, Akzo Nobel NV, Arkema, Ashland, BASF SE, Clariant, Evonik Industries AG, Reliance Industries Ltd, and Solvay, among others.
4.1.1 Growing Personal Care Industry in Asia-Pacific
4.1.2 Increased Shale Gas Production Augmenting the Demand for Synthetic Surfactants
4.1.3 Growth of the Oleo Chemicals Market Driving the Demand for Bio-based Surfactants
4.2.1 Increasing Focus on Environmental Regulations
220.127.116.11 Linear Alkylbenzene Sulfolane (LAS or LABS)