Press release
Natural Surfactants Market Outlook 2024: Exclusive Report By The Business Research Company | Akzo Nobel N.V., BASF SE, The Dow Chemical Company, Croda International PLC., Huntsman Corporation, Clariant AG
Natural Surfactants Market Characteristics
The Business Research Company offers in-depth market insights through Natural Surfactants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The natural surfactants market size has grown strongly in recent years. It will grow from $18.84 billion in 2023 to $20.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to consumer demand for natural products, environmental concerns and regulations, shift toward green chemistry, expanding personal care industry, consumer awareness of harsh chemicals, research and development initiatives, availability of raw materials..
The natural surfactants market size is expected to see strong growth in the next few years. It will grow to $26.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to expansion in agricultural sector, bio-based and renewable resources, preference for plant-derived ingredients, expansion of organic farming, government support for sustainable practices.. Major trends in the forecast period include expanding applications in household cleaners, innovation in biosurfactants, focus on renewable resources, technological advancements in extraction methods, performance optimization of natural surfactants.
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Market Segmentation:
The natural surfactants market covered in this report is segmented -
1) By Product Type: Anionic Natural Surfactants (Bio-Based Surfactants), Nonionic Natural Surfactants (Bio-Based Surfactants), Cationic Natural Surfactants (Bio-Based Surfactants), Amphoteric Natural Surfactants (Bio-Based Surfactants)
2) By Application: Detergents, Personal Care, Industrial And Institutional Cleaning, Oilfield Chemicals, Agricultural Chemicals, Other Applications
3) By Sales Channel: Direct Channel, Distribution Channel
Major Driver - Rising Demand For Personal Care Products Fuels Growth In Natural Surfactants Market
The increase in demand for personal care products is expected to propel the natural surfactants market. Personal care products refer to the category of self-care products that are used for personal hygiene, cleaning, and grooming. It includes shampoos, skin moisturizers, perfumes, lipsticks, fingernails, hair colours, and others. Natural surfactants in personal care products are used to prepare various skin care products to provide detergency, wetting, emulsifying, solubilizing, and thickening of the products. For instance, in July 2021, according to The Industry Beauty, a UK-based website that provides vital beauty and grooming news, beauty and personal care sales at Unilever, a UK-based multinational company operating in consumer goods, cleaning agents, beauty products, and personal care, grew by 3.3% in the first half of 2021, in which the skincare segment grew double-digits, whereas the hair segment grew mid-single digit driven by washing and styling products. Therefore, increasing demand for personal care products is driving the growth of the natural surfactants market.
Competitive Landscape:
Major companies operating in the natural surfactants market report are Akzo Nobel N.V., BASF SE, The Dow Chemical Company, Croda International PLC., Huntsman Corporation, Clariant AG, Stepan Company, Kao Corporation, Indorama Corporation, Innospec, Dora Agri-Tech, Lankem, Sanchi Organics Private Limited, Kensing, LLC, Solvay S.A., Arkema, Evonik Industries AG, Galaxy Surfactants, Air Products and Chemicals, Sasol, India Glycols, Enaspol, Celanese Corporation, Eastman Chemical Company, Albemarle Corporation, DuPont de Nemours, Inc., LyondellBasell Industries N.V., Croda International Plc., Ecopol Chemicals Pvt. Ltd., Aarti Industries Ltd.
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Top Trend - Clariant Ag Revolutionizes The Natural Surfactant Market With Vita Bio-Based Innovations For A Sustainable Future
Product innovation is the key trend in the natural surfactant market. Major companies operating in the natural surfactant market are concentrating on research and development for product innovations such as Vita 100% bio-based surfactants and polyethylene glycols (PEGs) to provide low carbon footprint solutions to customers. For instance, in February 2022, Clariant AG, a Switzerland-based multinational company operating in care chemicals, catalysis, natural resources, and plastics & coatings, introduced its innovative new surfactants and PEGs Vita products. These innovative products are 100% bio-ethanol derived from sugar cane or corn to create the ethylene oxide that reduces carbon footprints in manufacturing surfactants. These products have at least 98% Renewable Carbon Index (RCI) and save up to 85% of CO2 emissions by setting new standards in sustainable surfaces and green carbon solutions for helping to restore the earth's carbon balance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Natural Surfactants Market Characteristics
3. Natural Surfactants Market Trends And Strategies
4. Natural Surfactants Market - Macro Economic Scenario
5. Natural Surfactants Market Size And Growth
…..
27. Natural Surfactants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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