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Surface Active Agents Market Size, Share Estimation, Business Strategies, Opportunities And Forecast To 2033
Surface Active Agents Market Analysis
The Business Research Company's Surface Active Agents Global Market Report 2024 identifies increase in demand for surface-active agents from various end-user industries as the major driver for the surface active agents market's growth in the forecast period. Surfactants in the food industry are used as emulsifiers, which are important for the formation and stabilization of the food structure. Moreover, there is a growing awareness of healthy food, which requires bio-surfactants with high biodegradability and lower toxicity.
The surface active agents market size has grown strongly in recent years. It will grow from $31.1 billion in 2023 to $33.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to detergent industry growth, personal care and cosmetics, industrial and institutional cleaning, pharmaceuticals and healthcare.
The surface active agents market size is expected to see strong growth in the next few years. It will grow to $43.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to green and sustainable products, health and hygiene awareness, e-commerce and dtc sales, digital transformation in manufacturing. Major trends in the forecast period include biodegradable and renewable surfactants, microemulsions and nanotechnology, clean label products, formulation for sensitive skin.
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Major competitors in the surface active agents market are BASF SE, Clariant AG, Akzo Nobel NV, Air Products and Chemicals Inc., DuPont de Nemours Inc., Kao Corporation, Stepan Company, Ashland, Evonik Industries AG.
A key trend in the surface active agents market includes increasing focus on bio-based surfactants to drive the revenue in the market. Major companies operating in surface active agents are focused on developing bio-based surfactants such as Vita 100% bio-based surfactants and polyethylene glycols (PEGs to drive revenues in the market. Biobased surfactants are surfactants that are derived from renewable biological sources, such as plants, animals, or microorganisms. For instance, in February 2022, Clariant, a Switzerland-based specialty chemical company launched Vita 100% bio-based surfactants and polyethylene glycols (PEGs). These 100% bio-based surfactants and PEGs are designed to help remove fossil carbon from the value chain and offer low carbon footprint solutions to customers.
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The surface active agents market is segmented -
1) By Product Type: Non-Ionic Surfactants, Anionic Surfactants, Amphoteric Surfactants, Cationic Surfactants
2) By Substrate: Synthetic, Bio-Based
3) By Application: Household Detergent, Personal Care, Industrial & Institutional Cleaner, Food Processing, Oilfield Chemical, Agricultural Chemical, Textile, Plastic, Paint & Coating, Adhesive and Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the surface active agents market.
The Business Research Company's "Global Surface Active Agents Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Surface Active Agents Market Include:
1. Executive Summary
2. Surface Active Agents Market Characteristics
3. Surface Active Agents Market Trends And Strategies
4. Surface Active Agents Market - Macro Economic Scenario
5. Global Surface Active Agents Market Size and Growth
………
31. Global Surface Active Agents Market Competitive Benchmarking
32. Global Surface Active Agents Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Surface Active Agents Market
34. Surface Active Agents Market Future Outlook and Potential Analysis
35. Appendix
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