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Amphoteric Surfactants Market Share, Size, Growth Rate, Trends Analysis And Forecast To 2033
Aminoglycosides Market
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According to The Business Research Company's, The amphoteric surfactants market size has grown strongly in recent years. It will grow from $4.11 billion in 2023 to $4.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growth in personal care industry, rising awareness of sustainable products, increased use in home care products, advancements in formulation chemistry, increase in consumer spending.
The amphoteric surfactants market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rise in demand for green products, growing popularity of natural cosmetics, demand for high-performance textile softeners, focus on sustainable agriculture, expansion of specialty shampoo market. Major trends in the forecast period include customized formulations for specific applications, focus on biodegradability and sustainability, r&d for improved performance, regulatory compliance and safety standards, partnerships and collaborations.
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Market Drivers and Trends:
Growing demand for personal care is expected to propel the growth of the amphoteric surfactants market. Personal care refers to the practices, routines, and products individuals use to maintain personal hygiene, grooming, and overall well-being. It encompasses a wide range of activities and products designed to enhance and maintain the cleanliness, health, and appearance of the body. Amphoteric surfactants, known for their versatile cleaning and foaming properties, are key ingredients in many personal care items such as shampoos, body washes, and facial cleansers. For instance, according to a report published by the Ministry of Economy and Industry, the beauty and personal care (BPC) industry in the country is expected to reach more than USD 10 billion by 2021, at an estimated growth rate of 5%-6% annually. Therefore, growing demand for personal care will drive the amphoteric surfactant market.
Product innovations are a key trend gaining popularity in the amphoteric surfactants market. Major companies operating in the amphoteric substance market are investing in research and development activities to innovate sustainable bio-based surfactants to gain a competitive edge in the market. For instance, in March 2022, BASF, a Germany-based chemical company, launched Plantapon Soy, a bio-based anionic surfactant derived from soy protein that provides sustainability benefits. It is made from non-GMO soybeans and coconut oil and is suitable for vegan formulations and natural cosmetic standards.
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Major Key Players of the Market:
BASF SE, Clariant International Ltd., Croda International plc, Evonik Industries AG, Lonza Group Ltd., The Lubrizol Corporation, Stepan Company, Oxiteno S.A. Industria e Comercio, Solvay SA, Pilot Chemical Company, Huntsman Corporation, The Dow Chemical Company, DuPont de Nemours Inc., EOC Group, Kao Corporation, Akzo Nobel N.V., Colonial Chemical Inc., Inolex Inc., Sasol Ltd., NOF Corporation, Kuala Lumpur Kepong Berhad group, Stockmeier Group, Galaxy Surfactants Ltd., Enaspol AS, Jarchem Industries Inc., Miwon Commercial Co. Ltd., Sino-Japan Chemical Co. Ltd., Zschimmer & Schwarz GmbH & Co. KG, Lubrizol Advanced Materials Inc., KCI Limited, Shanghai Fine Chemical Co. Ltd., Guangzhou DX Chemical Co. Ltd.
Amphoteric Surfactants Market 2024 Key Insights:
• The amphoteric surfactants market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
• Hygiene Revolution Fueling Global Growth In The Amphoteric Surfactants Market
• Innovative Frontiers The Rise Of Sustainable Bio-Based Amphoteric Surfactants In Market Leadership
• Asia-Pacific was the largest region in the amphoteric surfactants market share in 2023
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