Agricultural Surfactants Market Analysis, Growth, Share, Trends, and Forecast - 2022
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Increase in demand for green solutions
The global surfactants market is primarily dominated by chemical surfactants derived from oleochemical or petrochemical sources. However, due to the rising concerns for the safety of the environment as well as human health, the governments and surfactant manufacturers are majorly focusing on shifting to renewable and sustainable products in almost every application. This has led to high demand for biologically derived products that pose a negligible threat to the environment as compared to the conventional petroleum-derived products that are toxic in nature and bio-accumulate in the marine environment. Biosurfactants are microbial surfactants having superior functionality when compared to chemically synthesized agents. These types of surfactants are considered eco-friendly raw materials due to their high level of safety and biodegradability. The rising awareness among consumers for the use of renewable and natural ingredients in their day-to-day products is boosting the demand for biosurfactants and the development of greener solutions for various applications such as cosmetics, pharmaceuticals, industrial cleaning, and biochemicals. The manufacturers are, therefore, keen to adapt to this changing trend of utilizing green solutions in their products.
The fungicides segment is projected to grow at a higher rate during the forecast period.
The fungicides segment is projected to grow at a higher CAGR during the forecast period; this growth is attributed to the growing usage of surfactants in fungicide formulations to improve the adhesion of fungicides to the crops. In addition, combining fungicides and surfactants increases the efficacy of the existing control options by helping fungicides stick to plant surfaces.
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The North American region is estimated to dominate the market in 2017 while the South American region is projected to grow at the highest rate during the forecast period.
The North American region accounted for the largest share due to the presence of players such as DowDuPont (US), Huntsman Corporation (US), Helena Chemical (US), and Stepan Company (US). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada results in an increase in the adoption of surfactants in agriculture.
The South American region is projected to grow at the highest rate during the forecast period. This growth can be attributed to the increasing need for high-quality surfactants for the agricultural application.
This report includes a study of the marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as DowDuPont (US), BASF (Germany), AkzoNobel (Netherlands), Evonik (Germany), and Solvay (Belgium).
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