Press release
Surfactants Market to Generate 5.1% CAGR by 2031, Owing to Rise in Demand for Industrial Cleaning Requirement
Skyquest Technology
Surfactants Market [https://www.skyquestt.com/report/surfactants-market] was valued at USD 44.1 billion in 2022 and is expected to rise from USD 46.35 billion in 2023 to reach a value of USD 69.00 billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).
Chemicals known as surfactants are used in various cleaning solutions. They can lower water's surface stress, which effectively makes molecules slipperier. They are less predicted to attach to one another and interact with oil and grease. Due to their many applications, accessibility, and low cost, surfactants are predicted to have substantial growth in the market. In addition, the surfactants market is projected to expand over the course of the projection period due torise in the usage of surfactants in household detergents. Excellent defense against infections and the transmission of disease is provided by the product. The market is predicted to expand due to rise in demand for cleaning products, detergents, hand soap, shampoo, and sanitizers. Furthermore, a range of chemicals are employed in industrial cleaning to get rid of various waste products that are created during the manufacturing process.
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Top Player's Company Profiles
* BASF SE (Germany)
* Nouryon (Netherlands)
* Evonik Industries AG (Germany)
* Stepan Company (US)
* Solvay S.A. (Belgium)
* Dow Inc. (US)
* Clariant International AG (Switzerland)
* Indorama Ventures Public Company Limited (Thailand)
* Ashland Global Holdings Inc. (US)
* KAO Corporation (Japan)
* Croda International PLC (UK)
* Aarti Industries Limited (India)
* ADEKA Corporation (Japan)
* AK ChemTech Co., Ltd. (South Korea)
* ALZO International Inc. (US)
* Arkema (France)
* Bayer AG (Germany)
* Cargill, Incorporated (US)
* CEPSA (Spain)
* Colonial Chemical Inc. (US)
* EOC Group (Belgium)
* ENASPOL A.S. (Czech Republic)
* Galaxy Surfactants Ltd. (India)
* Innospec Inc. (US)
* KLK Oleo (Malaysia)
Shift Towards Bio-Based Surfactants and Its Market Impact:
Preference Toward Eco-Friendly Alternatives
Consumers are shifting their preferences toward eco-friendly alternatives. They prefer bio-based green surfactants. This is anticipated to boost the growth of the market. Bio-based surfactants are used in food, beverages, cleaning goods, and personal care products due to their versatility and effectiveness.
Adaptability
Surfactants are used in many different industries now, and this broad usage is driving the market's expansion. They are utilized in textiles, household goods, and food and beverage products. Aside from that, one factor driving the market's expansion is consumers' increasing consciousness of cleanliness.
Strategic Developments by Leading Surfactants Firms
BASF SE, Kao Corporation, Clariant AG, AkzoNobel N.V., and other major companies are involved in the industry. To obtain a competitive edge in the global market, the listed organizations are involved in joint ventures, acquisitions, capacity growth, and new product development. For instance, Lion Corporation is developing bio-based anionic surfactant production processes that are acceptable to the environment. The business uses methyl ester sulfonate (MES), an anionic surfactant generated from palm oil, as a washing agent in laundry detergents.
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Segments covered
Type (Anionic Surfactants (Linear Alkylbenzene Sulfonate, Alcohol Ethoxy Sulphates, Secondary Alkane Sulfonates, Alpha Olefin Sulfonates, Methyl Ester Sulfonates, Sulfosuccinates and Others), Non-ionic Surfactants (Alcohol Ethoxylates, Alkyl Phenol Ethoxylates, Amine Oxides, Fatty Acid Esters and Others), Cationic Surfactants (Quaternary Ammonium Compounds and Others), and Amphoteric Surfactants (Betaines and Others))
Application (Home Care, Personal Care, Industrial & Institutional Cleaning, Oilfield Chemicals, Food & Beverage, Agrochemicals, Textiles, Elastomers & Plastics)
Substrate (Synthetic Surfactants, Bio-based Surfactants (Chemically Synthesized Bio-based Surfactants, [Sucrose Esters, Alkyl Polyglycosides, Fatty Acid Glucamides and Sorbitan Esters] and Biosurfactants [Low Molecular Weight Biosurfactants and High Molecular Weight Biosurfactants]))
Illustrative Examples of Surfactants Market Leaders in Action
* July 2024: Godrej Industries strengthened its foothold in the chemicals market when it purchased Gujarat-based Shree Vallabh Chemicals' Ethoxylation Unit II. The company's position will be boosted in biotech, oleochemicals, surfactants, specialty, and ethoxylation technology fields due to this move.
* April 2024: AmphiStar, a biotech company based in Ghent, plans to raise USD 6.5 million to launch biosurfactants generated from waste that are both cost-effective and eco-friendly.
* April 2024: During the 2024 in-cosmetics Global event in Paris, France, leading global manufacturer of specialty chemicals Nouryon announced the launch of Structure M3, a ground-breaking biodegradable personal care technology.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/surfactants-market
Hygiene Concerns Fuel the Market Expansion
The market is predicted to expand due to rise in demand for cleaning products, detergents, hand soap, shampoo, and sanitizers. The use of home care applications is one of the key drivers driving the industry, partly due to increased consumer concerns about hygiene. Excellent defense against infections and the transmission of disease is provided by the product. The market is predicted to expand due to rise in demand for cleaning products, detergents, hand soap, shampoo, and sanitizers.
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Contact Person: Mr. Jagraj Singh
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