Surfactants Market: Demand for Personal Care Products Spurs Growth 2024

Asia Pacific Surfactants Market: Overview

Surfactants or surface active agents are organic compounds produced from petrochemical raw materials such as ethylene and benzene or oleo-chemical raw materials such as palm oil or coconut oil. It is commercially available as cationic, anionic, amphoteric, non ionic and other (silicone, etc.) surfactants. In terms of application, personal care and paints & coatings held majority share in the Asia Pacific surfactants market. Rising demand from these industries is projected to boost surfactants market during the forecast period.

This study analyzes, estimates, and forecasts the Asia Pacific surfactants market in terms of volume (Tons) and revenue (US$ Mn) from 2015 to 2024. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

Asia Pacific Surfactants Market: Segmentation

The report provides a detailed view of the surfactants market based on applications. Key applications included in the report are personal care, oilfield chemicals, paints & coatings, emulsion polymerization, agrochemicals and concrete additives. In terms of product types, the market is segmented into: cationic, anionic, non ionic, amphoteric and others (silicone surfactants, etc.). Furthermore, the report segments the market based on key geographies such as China, Japan, Indonesia, Malaysia, Thailand, Vietnam, Philippines, South Korea, and Australia. It also provides market volume and revenue for each application and product under every country level segment.

Based on applications, product and countries, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain (from raw material manufacturers to end-users). Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.

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According to the research report, the Asia Pacific surfactants market is expected to be worth US$6.3 bn by the end of 2024 as compared to US$4.1 bn in 2015. Between the forecast years of 2016 and 2024, the global surfactants market expected to expand at a CAGR of 5.0%.

China Emerges as Leading Nation in Asia Pacific Surfactants Market

On the basis of product, the global surfactants market is segmented into cationic, non ionic, anionic, and amphoteric. Of these, non ionic surfactants segment is expected to show remarkable progress in the coming years. By the end of 2024, the non ionic surfactants segment is expected to acquire a share of 34.2% in the overall market. The rising application of these surfactants in sectors such as oilfield chemicals, chemicals, textiles, and agrochemicals are expected is expected to drive the growth in the coming years.
The Asia Pacific surfactants market is segmented into countries such as China, Thailand, Australia, Japan, Vietnam, Indonesia, Philippines, Malaysia, South Korea, and Rest of APAC. Of these, China dominated the overall market in 2015. The country is expected to retain its stance in the coming years as it is slated to acquire a share of 39.4% in the Asia Pacific surfactants market by the end of 2024.

Rising Awareness about Beauty Products in Asia Pacific Boosts Regional Market

The Asia Pacific surfactants market has been witnessing a rise since couple of years due to their increasing adoption in a wide range of personal care products. The diversity of personal care industry has offered the surfactants market several lucrative opportunities for growth. Increasing number of mouth wash, toothpaste, and hair care brands have been making significant usage of surfactants in their products. Furthermore, growing sales of bathing and shaving products are also expected to augment the demand for surfactants across Asia Pacific. Non-iconic, amphoteric, and cationic are the three types of surfactants that will be predominantly used in the near future.
The increasing awareness about beauty, aesthetics, and hygiene are also expected to drive the growth of the Asia Pacific surfactants market in the near future. The changing lifestyles, increasing disposable incomes, and shifting perceptions toward improving the standard of living are also expected to have a positive impact on the trajectory of the Asia Pacific surfactants market during the forecast period.

Side-effects of Chemically-obtained Surfactants to Restrain Market Growth

Despite the soaring demand for beauty products, the Asia Pacific surfactants market is being restrained by the growing concerns amongst consumers about the usage of synthetic raw materials and oleo-chemicals in cosmetics. Surfactants manufactured using synthetic sources can lead to side-effects such as irritation to the skin and eye, damage beyond repair, and neurotoxicity amongst others. The introduction of organic products and worries about irreparable damage to the skin due to the use of surfactants are expected to hamper the growth of the Asia Pacific surfactants market.

This review is based on Transparency Market Research’s report, titled “Surfactants Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

The report segments the Asia Pacific surfactants market into:

Surfactants Market – Product Analysis
-Cationic
-Anionic
-Amphoteric
-Non ionic
-Others (Silicone surfactants, etc.)

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Surfactants Market – Application Analysis
-Personal Care
-Oilfield Chemicals
-Paints & Coatings
-Emulsion Polymerization
-Agrochemicals
-Concrete Additives

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