Market Research Future published a Half Cooked Research Report on “Global Surfactants Market Research Report – Forecast to 2021”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
BASF SE, KAO CORPORATION, CLARIANT, P&G Chemicals, LION Corporation, Evonik Industries, Dow Chemical, Stepan Company, Huntsman Corporation, and Akzo Nobel N.V.among others are some of the prominent players at the forefront of competition in the Global Surfactants Market and are profiled in MRFR Analysis.
Surfactants Market – Overview
Surfactants are those products which are used to reduce the surface tension between two liquids. These are predominantly utilized in numerous applications such as agriculture, personal & household, textiles, food processing, oilfield chemicals, and others. Surfactants market is estimated to witness robust growth due to growing demand from construction sector and continuous growth of paint & coatings industry across the globe. Furthermore, anionic surfactants are emerged as the largest type segment due to increasing demand for linear alkyl benzene in cleaners and detergents due to unique properties, with this aforementioned reason the market is expected to register strong growth in the near future. Moreover increasing per capita disposable income along with rising personal care products sales in emerging economies is estimated to drive the market growth.
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Geographically, Asia Pacific emerged as the largest market for Surfactants in 2016 and is estimated to retain its dominance during the assessment years due to growing demand from agriculture, paints & coatings, textiles, and construction sector. In addition, the demand for surfactants is predicted to surge in various countries of Asia Pacific such as China, India, Japan, Vietnam, Malaysia, Thailand, Taiwan, and South Korea on account of increasing construction activities as well as high adoption rate from numerous end use industries. Furthermore, economic growth in this region along with rapid industrialization has resulted in the raised production and sales of personal care and home care products, which is further likely to raise the demand for surfactants over the forecast years. Moreover, huge investment by major operating players in their Research & Development activities and shifting of surfactants manufacturing facilities as well as significantly increasing end use industries in this region is expected to drive the surfactants regional market growth. North American market is expected to witness moderate growth owing to increasing demand for oil field chemicals and textile sector. North American market is bifurcated into U.S. and Canada which are among the major contributor in the regional market growth due to strong growth of textile and personal care sector. European market is predicted to witness significant growth on account of growing awareness regarding the benefits associated with the products made from surfactants as well as rising consumption of oil field chemicals. Moreover, emerging countries of the Middle East & Africa and Latin America such as Turkey, Oman, Saudi Arabia, the United Arab Emirates, Brazil, Guatemala, and Mexico are estimated to witness above average growth due to rising per capita disposable income along with strong consumer base for textile industry.
Industry/ Innovation/ Related News:
June 2017- Stepan Company announced to establish an agreement with BASF Mexicana, S.A to acquire its surfactant manufacturing facility in Ecatepec, Mexico. This facility has a capacity of around 50,000 metric tons. This acquisition will enhance the company’s growth strategy in Latin America. This acquisition improves Stepan’s market position and supply capabilities for surfactants in Mexico and help company to grow in both the consumer and functional markets for surfactants.
January 2017- Clariant AG, a Swiss specialty chemical manufacturer announced to acquire Galaxy Surfactants Ltd, a Mumbai based chemical manufacturer. With this acquisition, the company strengthen its market position in Asia Pacific.
June 2017- Innospec Inc. announced to invest in performance chemicals business to raise their surfactant production facility at its Saint Mihiel location in France. With this strategic acquisition, the company increase its dried anionic surfactants production in order to meet the increasing demand for surfactant.
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The Surfactants report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global surfactants market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global surfactants industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, Australia, and Japan. Apart from this, the major operating players are focusing on improving their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Many key companies are escalating their manufacturing capacity of surfactants to meet the growing demand for surfactants. Moreover, some of the manufacturers has launched a series of product to solidify their position in the market.
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