Low Foam Surfactants Market worth $19.6 billion by 2024 | Key Players include AkzoNobel N.V., BASF SE, Clariant AG, Evonik Industries AG, Croda International plc, Stepan Company, Huntsman Corporation, Kao Corporation, Galaxy Surfactants, and Oxiteno SA

According to recent market research "Low Foam Surfactants Market by Type (Non-ionic, Amphoteric, Cationic), and Application (Home & Personal Care, Agrochemicals, Oil Field Chemicals, Textiles, Paints, Pulp & Paper, Cement, and Metal Cleaning) - Global Forecast to 2024", The low foam surfactants market projected to reach USD 19.6 billion by 2024, from USD 14.9 billion at a CAGR of 5.6% during the forecast period.

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The low foam surfactants market size is projected to reach USD 19.6 billion by 2024 from USD 14.9 billion in 2019, at a CAGR of 5.6%. Low foam surfactants are the surfactants which exhibit low foaming characteristics. Low foaming surfactants are those which form initial foam volume less than or 30mm while conducting high shear foam test. Typical applications of these surfactants are in home & personal care, agrochemicals, oil field chemicals, and textiles among others. For instance, in the metal cleaning industry of food & beverages, they are added with caustic to maintain foaming characteristics for superior cleaning.

APAC is estimated to be the largest low foam surfactants market due to its growing economy and increasing population. With industrialization and rising employment, disposable income is expected to increase. This will enable consumers to buy more low foam surfactant-based products. In APAC, some of the world’s most populated and developing nations exist. Hence, there is a broad scope of development for most of the industries. In APAC, low foam surfactants are one of those industries which are looking for new areas of development and investments. Manufacturers of surfactants are adopting strategies such as expansions, investments, and new product launches to boost the market in this region.

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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.

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.

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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.

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 companys position in the Indian market.

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