The Global Surface Active Agents Market is Projected to Reach 24.8 Million Tons by 2024

Rising Demand from Diverse End-Use Industries & Shift towards Bio-Surfactants Drive Growth in the Global Surface Active Agents Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surface Active Agents market. The global Surface Active Agents market is projected to reach 24.8 million tons by 2024, driven by the growing demand from diverse end-use industries, specifically home care and personal care products, and the rising demand from unconventional applications. The shift towards bio-surfactants from synthetic surfactants also presents growth opportunities for the market.

Surface active agents or surfactants are chemical intermediates with a broad spectrum of physical and chemical properties. Manufactured from petroleum- or oleochemicals-based raw materials, surface active agents consist of hydrophobic and hydrophilic parts in a molecule, which can lower surface tension of the liquid in which it is dissolved. Surfactants exhibit properties such as solvency, emulsification, foaming/de-foaming, dispersion, and lubricity of water-based compositions, all of which make them ideal for use in applications such as personal care products, emulsion polymerization, and paints and coatings, among others.

Global market for surface active agents continues to grow led by the rising demand from various end-use industries including personal care, home, agriculture, paints & coatings, oil & gas, textiles, food & beverages, and construction among others in both developed and emerging economies. Personal care, household detergents, and cleaners are some of the products with tremendous potential for surfactants market, where surfactants are used for removing unwanted foreign particles such as dirt, stains and oil from the surface. Growth will be especially driven by the rising demand for surfactants in personal care and cosmetic applications such as skin care, baby care, and hair care products, with surfactants having the ability to clean and generate foam in shower gels, shampoos and hair conditioners. The advent of mild and low irritation causing shampoos is also driving demand for milder surfactants. Surfactants are also used in make-up products for dispersion of color pigments, while in products such as aftershaves, shaving creams, and hair lotions, surfactants are used for dispersing perfumes. Driven by the escalating demand for high quality personal care products, surfactants market is expected to record strong growth in the coming years. Rapid growth of detergents market specifically in Asia-Pacific and Latin American countries, due mainly to the rising disposable incomes of people constitutes a major driving factor for the surfactants market.

The increasing opportunities in emerging economies, with market players from end-use industries investing in expanding production operations in the regions, are also expected to spur demand for surfactants. Driven by technology advancements, surfactants are also gaining popularity in various unconventional applications such as enhanced oil recovery (EOR) in oil & gas industry, as gene delivery, immunological adjuvant in the healthcare sector, and for cleaning storage tanks, among others. Another notable factor driving growth in the surfactants market is the rising demand for bio-based or natural surfactants, driven by the rising awareness levels among people about environment-friendly surfactants against the backdrop of environmental and health concerns associated with synthetic surfactants.

As stated by the new market research report on Surface Active Agents, Asia-Pacific represents the largest regional market, worldwide. Asia-Pacific is also forecast to register the fastest CAGR of 5.6%, in volume terms, over the analysis period, driven by the rising demand from both household and industrial sectors. The region’s growth will be driven by the rising demand for surfactants in applications such as personal care, detergents, and food processing. The large population base and growing middle class population with rising income levels are driving demand for a range of consumer and industrial products, such as soaps, detergents and personal care products, all of which involve the use of surfactants. Rising demand from personal care, pharmaceutical and oilfield chemicals markets will continue to foster strong growth in Asia-Pacific surfactants market. In particular, high-growth economies of China, India and Indonesia present significant opportunities for surfactants demand.

Major players in the market include Akzo Nobel N.V., Ashland Inc., BASF SE, Clariant, Croda International Plc., DKS Co. Ltd., DowDuPont Inc., Evonik Industries AG, Galaxy Surfactants Limited, Huntsman Corporation, Kao Corporation, Lion Specialty Chemicals Co., Ltd., Oxiteno S.A., NOF Corporation, P&G Chemicals, Pilot Chemical Company, Protameen Chemicals, Inc., Solvay S.A., Sasol Limited, Stepan Company, Tianjin Tianzhi Fine Chemical Co. Ltd., and Toho Chemical Industry, among others.

The research report titled “Surface Active Agents: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The Surface Active Agents market is analyzed by the Product Segments - Anionic Surfactants, Nonionic Surfactants, Cationic Surfactants and Amphoteric Surfactants.

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