Surfactants Market to Reach Valuation of USD 53.3 Billion by 2028 – Increasing Demand for Industrial Cleaning Drives the Market

Vantage Market Research

Jun 20, 2022

In terms of revenue, the Global Surfactants Market is expected to reach USD 53.3 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.60% from 2022 to 2028.

Increasing demand for various applications such as home care, textiles, food & beverage, and increasing demand for industrial cleaning aid the growth of the Surfactants Market in the coming years.

Key Highlights from Report:

  • The anionic Surfactants in its product segment held a significant share in 2021. This is attributable to the mounting demand for linear alkyl benzene in cleaners and detergents. This is expected to rise because of the product's favorable qualities. Nonionic Surfactants are expected to expand at a slower rate due to the abundance of nonionic Surfactants alternatives with improved characteristics. Over the forecast period, amphoteric is expected to be the fastest-growing product segment. Because of their many qualities, such as conditioning, foaming & foam stability, biodegradability, and detergency, the segment is expected to have strong demand.

  • The Home care and the personal segment are projected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. The increasing usage of Surfactants in household cleaners, soaps, and detergents can be attributed to rising demand from the home care industry.

  • Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to rising consumer awareness for bio-based products coupled with the growing demand for home care and personal care products, which is also expected to support the growth of the Surfactants Market in the region.

Market Dynamics:

The constant growing evolution of personal care products and innovations to meet changing consumer tastes is anticipated to augment the growth of the Surfactants Market in the years to come. However, the use of Surfactants in a variety of goods, such as lotions and cold creams, is gaining traction, propelling the market forward. The bio-Surfactants market is expected to benefit from an increased focus on "green chemistry" by key end-use manufacturers to address rising customer demand for environmentally friendly products. Bio-Surfactants such as Sorbian esters, rhamnolipids, and mannosylerythritol are commonly utilized in hair care, creams, and moisturizing formulations. The personal care sector has been driven by rising disposable income and improved lifestyles in emerging economies. Over the projection period, this trend is likely to drive product demand in the personal care and cosmetics sector.

In Personal Care, the food processing segment is also predicted to increase at the fastest rate over the forecast period. Over the next seven years, the demand for textile applications is expected to decline. This is mostly due to the industry's increased substitution of other Surfactants with other products. However, the market is expected to be driven by the increasing usage of Surfactants in a variety of end-use applications such as personal care, food, and soaps & detergents.

Asia Pacific held the largest shares in 2021. Surfactants prices in North America are higher than in APAC due to the use of bio-based Surfactants and the requirement to import raw ingredients from countries like Thailand and Malaysia. As a result, North America has a larger market share in terms of value when compared to APAC.

Surfactants Market Size, Share & Trends Analysis Report by type (Anionic surfactants, Non-ionic surfactants, Cationic surfactants, Amphoteric surfactants), by application (Home Care, Personal Care, Industrial & Institutional Cleaning, Oilfield Chemicals), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)