Low Foam Surfactants Market worth $19.6 billion by 2024 | Key players AkzoNobel N.V., BASF SE, Clariant AG, EvonikIndustries AG, Croda International
Browse 82 market data Tables and 28 Figures spread through 122 Pages and in-depth TOC on "Low Foam Surfactants Market - Global Forecast to 2024"
Non-ionic surfactants are mixed with other surfactants and are used widely in cleaners and industrial cleaning applications. The demand is estimated to surge from APAC and South American regions. This is the result of increasing awareness for institutional cleaning and cleanliness in the industries, institutes, and various corporate & government offices. Moreover, the region includes some of the fastest-growing economies such as China, India, and Brazil. Industrial development in these regions favors various other chemical industries, including surfactants.
Low surfactants are used in home care applications such as laundry detergents, dishwasher detergents, carpet cleaners, floor cleaners, and various types of fabric softeners. In personal care application, they are responsible for antimicrobial properties, foaming & conditioning properties (in the case of shampoos, face washes, and skin care creams), mild detergency actions, and preservative properties that are essential. The demand for home & personal care is attributed mainly to the growing market of countries in APAC, including China and India, consequently driving the low foam surfactants market. The demand for household and personal care products is expected to drive the low foam surfactants market in the region during the forecast period.
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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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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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