Surfactants Market
REPORT DESCRIPTION
Surfactants ( Anionic , Cationic , Non-ionic , Amphoteric , and Others ) Market for Household Detergents , Personal Care , Industrial & Institutional Care , Food Processing , Oilfield Chemicals , Textile & Leather , and Other Applications - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2015 - 2023
The global surfactants market is expected to witness healthy growth in the next few years . The rising investments in the research and development activities in order to introduce new sources of raw materials for manufacturing surfactants is likely to generate lucrative growth opportunities . Surfactants , also known by the name of surface active agents , are organic compounds that offer unique degreasing properties and detergency . Surfactants are used extensively as base chemicals in diverse personal care and detergents product formulations .
According to the research study , in 2014 , the global market for surfactants was worth US $ 20.29 bn . The market is anticipated to register a healthy 4.20 % CAGR between 2015 and 2023 , reaching a value of US $ 28.83 bn by the end of 2023 .
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Rising Use of Detergents to Fuel Growth of Global Surfactants Market The growing demand for personal care products is considered to be one of the most important factors encouraging the growth of the global surfactants market in the next few years . In addition , the rising use of cleaning agents and detergents across the globe owing to the rising awareness regarding hygiene and cleanliness are some of the other factors projected to supplement market ’ s growth in the near future . On the contrary , strict government regulations concerning solvent-based detergents are predicted to restrict the growth of the overall market in the next few years .
On the basis of product type , the anionic segment is anticipated to lead the global surfactants market in the forecast period . The increasing use of anionic surfactants in several institutional and industrial
cleaners and detergents as they are comparatively low-priced is expected to encourage of this
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