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Surface Active Agents Market 2024 Size, Key Drivers, Industry Developments, Share, Future Growth Prospects and Forecast To 2033
Surface Active Agents Market
Surface Active Agents Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $43.16 billion In 2028 At A CAGR Of 6.8% :
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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Surface Active Agents Market Major Segments
The surface active agents market covered in this report 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
Key Driver - Rising Demand Across Industries A Boost For Surface-Active Agents
An increase in demand for surface-active agents from various end-user industries is driving the market. 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. For instance, in 2023, according to the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 31% in 2022 to $10.18 billion(£8.1 billion). . The rising demand from end-users drives the surface active agents market.
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Prominent Trend - Innovation In Laundry Care With Concentrated Detergents And Sustainability
Extra concentrated laundry detergents are becoming popular as they reduce water consumption. Companies are developing concentrated detergents that can save as much as 45 million gallons of water per year and also require less plastic for packaging and make transportation more energy-efficient. For example, Sokalan HP 20 improves the dissolution of the surfactants into the liquid, providing a 30%-50% reduction in cold-water dissolution time. Major companies manufacturing extra concentrated laundry detergents include Unilever, Procter & Gamble, Henkel AG & Company, and Church & Dw*ight Co., Inc.
Surface Active Agents Market Players
Major companies operating in the surface active agents market include BASF SE, Clariant AG, Akzo Nobel NV, Air Products and Chemicals Inc., DuPont de Nemours Inc., Kao Corporation, Stepan Company, Ashland, Evonik Industries AG, Reliance Industries Limited, Solvay SA, Nouryon BV, Arkema Inc., 3M Company, Procter & Gamble Company, Lion Specialty Chemicals Co Ltd., Dow Chemical Company, Bayer AG, Compañía Española de Petróleos SAU, DETEN Quimica SA, Emery Oleochemicals M Sdn Bhd, Galaxy Surfactants Ltd., Geo Speciality Chemicals Inc., Godrej Industries Limited, Huntsman International LLC, Innospec Inc., KLK Oleo, Lankem Ltd., Lonza Group Ltd, Oxiteno USA LLC, P&G Chemicals, Sasol Limited, Sulfatrade SA, Sumitomo Chemical Co. Ltd., Croda International Plc, Lubrizol Corporation
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the surface-active agents market in 2023. Western Europe was the second-largest region in the surface-active agents market report. The regions covered in the surface active agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Surface Active Agents Market Report Structure
3. Surface Active Agents Market Trends And Strategies
4. Surface Active Agents Market - Macro Economic Scenario
5. Surface Active Agents Market Size And Growth
…..
27. Surface Active Agents Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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