Global Surfactants Market, 2023-2028
Market Overview
The global surfactants market is expected to reach a value of US$ 54.3 billion by 2028, expanding at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2028. Surfactants are surface-active agents that improve the spreading and wetting properties of liquids by lowering their surface tension. Surfactants are widely used in various industries, such as home care, personal care, oil and gas, agriculture, textiles, and others.
The growth of the global surfactants market is driven by several factors, such as the increasing demand for surfactants from the personal care industry, the rising awareness about hygiene and sanitation, and the shift towards bio-based surfactants. The personal care industry is one of the major end-users of surfactants, as they are used in various products, such as shampoos, soaps, detergents, cosmetics, and others. The rising disposable income, urbanization, and changing lifestyles of consumers in emerging economies, such as China and India, are boosting the demand for personal care products. Moreover, the COVID-19 pandemic has increased the awareness about hygiene and sanitation among consumers, leading to higher consumption of surfactant-based products.
Another key factor driving the global surfactants market is the shift towards bio-based surfactants, which are derived from renewable sources, such as vegetable oils, sugars, and starches. Bio-based surfactants are considered to be more environmentally friendly and biodegradable than synthetic surfactants, which are derived from petroleum or petrochemicals. Bio-based surfactants also offer better performance and functionality than synthetic surfactants in some applications. The growing consumer preference for natural and organic products, as well as the stringent regulations on the use of synthetic surfactants in some regions, are encouraging the manufacturers to invest in bio-based surfactants.
Research Coverage
The global surfactants market is segmented by type into anionic surfactants, non-ionic surfactants, cationic surfactants, amphoteric surfactants, and others. Among these, anionic surfactants accounted for the largest share of the market due to their low cost and easy availability. Anionic surfactants have a negative charge on their hydrophilic head group, which allows them to bind to impurities and particles present in liquids and remove them effectively. Anionic surfactants are widely used in household detergents, shampoos, dishwashing liquids, and other cleaning products.
Anionic surfactants can be further classified into different groups based on their chemical structure and properties. Some of the common examples of anionic surfactant groups are sulfonic acid salts, alcohol sulfates, alkylbenzene sulfonates, phosphoric acid esters, and carboxylic acid salts. These groups differ in their solubility, stability, foaming ability, biodegradability, and environmental impact. For instance, sulfonic acid salts are highly soluble in water and have good wetting and emulsifying properties, but they are less stable at high pH and temperature. Alcohol sulfates are more stable and biodegradable than sulfonic acid salts, but they have lower foaming ability and higher skin irritation potential. Alkylbenzene sulfonates are the most widely used anionic surfactants in detergents, but they are poorly biodegradable and can cause eutrophication in water bodies. Phosphoric acid esters are mild and non-irritating anionic surfactants that can also act as emulsifiers and dispersants, but they are expensive and sensitive to hydrolysis. Carboxylic acid salts are biodegradable and environmentally friendly anionic surfactants that can be derived from natural sources such as fatty acids and sugars, but they have low solubility and foaming ability.
Anionic surfactants play a vital role in various industrial and domestic applications due to their excellent cleaning performance and compatibility with other ingredients. However, they also pose some challenges such as environmental pollution, health hazards, and regulatory issues. Therefore, there is a need for developing new types of anionic surfactants that can overcome these limitations and meet the changing demands of consumers and industries.
The global surfactants market is also segmented by application into various domains, such as agricultural chemicals, elastomers and plastics, food and beverages, household detergents, institutional and industrial cleaning, oilfield chemicals, paper and pulp, personal care, textiles, and others. Among these, household detergents and personal care are the leading segments of the market due to their high consumption of surfactant-based products. Surfactants are widely used in these segments for their properties of emulsification, foaming, wetting, dispersing, and solubilizing. The demand for surfactants in household detergents and personal care is expected to grow steadily in the coming years as consumers seek more effective and eco-friendly products. Moreover, the increasing disposable income and urbanization in emerging markets are also driving the growth of these segments. However, the global surfactants market also faces some challenges, such as environmental concerns, regulatory issues, and volatility in raw material prices. These factors may hamper the market growth and limit the adoption of surfactants in some applications.
Competitive Landscape
The global surfactants market is highly competitive, with many players vying for a larger share of the industry. The competitive landscape of the industry has also been examined along with the profiles of the key players Aarti Industries Ltd., ADEKA Corporation, Arxada AG (Lonza AG), Atul Ltd., BASF SE, Clariant AG, Croda International plc, Dow, Inc., Elementis plc, Emery Oleochemicals LLC, Enaspol a.s., Evonik Industries AG, Galaxy Surfactants Ltd., Hunan Resun Co., Ltd., Indorama Ventures Public Company Limited (Oxiteno S.A.), Innospec Inc., Jintung Petrochemical Corp., Ltd., Kao Corporation, KLK Oleo (Kuala Lumpur Kepong Berhad), Lion Corporation, Mitsui Chemicals, Inc., New Japan Chemical Co., Ltd., Sanyo Chemical Industries, Ltd., Sasol Limited, Sialco Materials Ltd., Solvay S.A., Stepan Company, Unger Fabrikker AS, Vantage Specialty Chemicals, Inc., Wilmar International Limited, Zanyu Technology Group Co., Ltd.
Industry participants are currently engaged in efforts to increase their market share through tactics such as mergers and acquisitions. A recent example of this is the acquisition of Oxiteno S.A. Indústria e Comércio by Indorama Ventures Public Company Limited (IVL), a global chemicals producer based in Thailand. Oxiteno is a leading integrated surfactants producer in Latin America, catering to high-value end-use markets such as home & personal care, agrochemicals, coatings and oil & gas. Through the acquisition, IVL extended its growth profile into attractive markets in Latin America and the U.S., becoming the leading surfactants producer in the Americas. The acquisition also added to IVL’s innovation credentials in green chemistry and enhanced its ESG/sustainability program.
Key Questions Answered
What is the projected global market size of surfactants by 2028
Among the various product type segments, which segment has taken the leading position
Which substrate segment exhibits dominant control and influence
Which end user segment possesses the largest market share
Which region segment demonstrates the most significant dominance
Who are the key players with the largest market share in the surfactants market
What is the estimated global market size for the surfactants market in 2023
What are the main factors driving the growth of the surfactants market
What is the expected incremental growth of the surfactants market during the forecast period
1. Scope and Methodology
1.1 Introduction
1.2 Report Scope
1.3 Research Methodology
2. Executive Summary
3. Market Overview
4. Global Surfactants Market - Product Type Analysis
4.1 Amphoteric surfactants
4.2 Anionic surfactants
4.3 Cationic surfactants
4.4 Non-ionic surfactants
4.5 Others (silicone, fluorosurfactants, etc.)
5. Global Surfactants Market - Substrate Analysis
5.1 Bio-based surfactants
5.2 Synthetic surfactants
6. Global Surfactants Market - End User Analysis
6.1 Agricultural chemicals
6.2 Elastomers and plastics
6.3 Food and beverages
6.4 Household detergents
6.5 Institutional and industrial cleaning
6.6 Oilfield chemicals
6.7 Paper and pulp
6.8 Personal care
6.9 Textiles
6.10 Others
7. Global Surfactants Market - Region Analysis
7.1 Asia-Pacific
7.2 Europe
7.3 North America
7.4 Middle East and Africa (MEA)
7.5 South America
8. Patents Analysis
9. Competitive Landscape
9.1 Competitive Scenario
9.2 Market Positioning/Share Analysis
9.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
10. Company Profiles
10.1 Aarti Industries Ltd.
10.2 ADEKA Corporation
10.3 Arxada AG (Lonza AG)
10.4 Atul Ltd.
10.5 BASF SE
10.6 Clariant AG
10.7 Croda International plc
10.8 Dow, Inc.
10.9 Elementis plc
10.10 Emery Oleochemicals LLC
10.11 Enaspol a.s.
10.12 Evonik Industries AG
10.13 Galaxy Surfactants Ltd.
10.14 Hunan Resun Co., Ltd.
10.15 Indorama Ventures Public Company Limited (Oxiteno S.A.)
10.16 Innospec Inc.
10.17 Jintung Petrochemical Corp., Ltd.
10.18 Kao Corporation
10.19 KLK Oleo (Kuala Lumpur Kepong Berhad)
10.20 Lion Corporation
10.21 Mitsui Chemicals, Inc.
10.22 New Japan Chemical Co., Ltd.
10.23 Nouryon Holding B.V.
10.24 Sanyo Chemical Industries, Ltd.
10.25 Sasol Limited
10.26 Sialco Materials Ltd.
10.27 Solvay S.A.
10.28 Stepan Company
10.29 Unger Fabrikker AS
10.30 Vantage Specialty Chemicals, Inc.
10.31 Wilmar International Limited
10.32 Zanyu Technology Group Co., Ltd.
APPENDIX
DISCLAIMER
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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