Surfactants Market

Surfactants Market Overview (2022 to 2032)

The global Surfactants Market size was valued at US$ 45.5 Billion in 2021, and is projected to reach US$ 13 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2022 to 2032.

The market is segmented into various application, including Homecare, Personal Care, Textile, Elastomers & Plastic, Oilfield Chemicals, Agrochemicals and Other. Among all the application, sales of homecare applications is expected to be the highest revenue-generating segment, with a projected CAGR of 5.8% during 2022–2032.

Report Attributes	Details
Global Market Size (2022)	US$ 45 Billion
Global Market Size (2032)	US$ 71.2 Billion
Global Market CAGR (2022 to 2032)	4.7%
U.S. Market CAGR (2022 – 2032)	5.3%
Key Companies Covered	Clariant AG; BASF SE; Croda International Plc; Nouryon; Stepan Company; Huntsman Corporation; Evonik Industries AG; Indorama Ventures Public Company Limited; Lonza Group; Kao Corporation

Revenue of Surfactants Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the Global Surfactants Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, the value of the Surfactants Market increased at around 3.9% CAGR.

The key revenue drivers which affect the demand for surfactants include an increase in its demand across a range of applications, including home care, textiles, and food & beverages. Due to growing consumer awareness of hygiene, one of the key factors driving the market is home care applications.

Surfactants provide outstanding defense against infections and stop the spread of sickness. The market is rising due to rising demand for hand washes, shampoos, detergents, and cleaners. Surfactants are also used in lubricants, inks, de-icing agents, herbicides, adhesives, emulsifiers, and fabric softeners. Various chemical additives are also utilized in industrial cleaning to remove a wide range of contaminants and waste products that are produced during the manufacturing process.

A report of the Human and Environment Risk Assessment Initiative (HERA) which was co-authored by the American Cleaning Institute, examined more than 250 papers on the toxicity and environmental characteristics of four key types of high-volume surfactants found in a variety of cleaning and personal care products.

In order to address the environmental impacts of personal care chemicals and detergents, the surfactants and detergents industry has conducted several years of research. The risk assessment, according to the study's authors, shows that these substances, despite being widely used and released into the aquatic environment, have no negative effects on the aquatic or sediment environment at current levels of use. Owing to these factors the demand for surfactants is projected to reach a valuation of US$ 71.2 Bn.

What Factors are Propelling Surfactants Demand?

The key factors that are propelling the surfactant demand are its increase in consumption in personal care products, oilfield chemicals, paints and coatings, and household detergents, among other factors. The demand for surfactants is also anticipated to rise as family incomes rise in developing nations like China and India and people use more personal care and household cleaning products.

The Surfactant Market is also growing due to increase in its use for household cleaning. Nearly all domestic cleaning jobs are now significantly easier owing to surfactants, which also improve the cleanliness, attractiveness, and protection of the surfaces being cleaned while lowering the need for more dangerous chemicals.

They are also used in cleaning products. Surfactants make it possible to eliminate dirt and grime even in cold water at lower wash temperatures, which saves energy and cuts down on the usage of fossil fuels.

Besides, they are also used in the production of insulations. The effectiveness of manufacturing procedures used to create foam to create insulation boards and blocks that minimize the energy required to heat and cool buildings depends on surfactants. In the area of crop protection also surfactants are used.

Farmers can accomplish the same protection with the application of less chemicals by using surface-active substances, which stop spray solutions from running off the surface of the leaves, enabling the active material to be distributed evenly on the leaf, and therefore maximize the efficacy of the agents used.

What Factors are restraining the growth of the Surfactants Market?

The inability to get raw resources and rising prices are barriers to surfactants market growth. The adoption of strict laws and regulations further limits the usage of surfactants. The market expansion is being hampered by a number of laws, including the Surfactant Law of the United States Environmental Protection Agency, B Regulation (EC) No 648/2004 of the European Parliament and of the Council, and a number of other laws of various countries. These laws impose various fees in addition to the submission of the product for passing the test.

Can Substitution of Surfactants with Other Materials be a Threat in the Coming Future?

Due to various bans and awareness about the hazards of using surfactants to humans and environment, there are several environment friendly products that can replace surfactants. One of them is Brassicamidopropyl Dimethylamine which is a vegetable amidoamine produced from the renewable raw material Brassica Campestris (rapeseed) oil.

Another substitute for surfactants is liquid castile soaps. Castile soap in liquid form is used to attain a certain degree of organic content because it is organically formed from vegetable oils. A variety of personal care and household items can be made from this one base utilizing natural and certified formulations. With liquid soap, formulators can replace synthetic chemicals with a variety of organically derived, sustainable components to provide "green" wash-off solutions for your clients. Liquid soap offers a feasible substitute for synthetic surfactants.

Region-wise Insights

Which Region is projected to offer the Largest Opportunity for Surfactants Market?

During the projection period, North America is expected to be the largest Surfactants Market. The market in North America is projected to reach a valuation of US$ 24.4 Bn by 2032. The North American market is being driven by an increase in bio-based surfactant producers as a result of the region's developing economies. The market size in North America will also be driven by changing consumer lifestyles and rising demand for cosmetics and home care products.

Country-wise Analysis

U.S. Surfactants Market

The United States is expected to account for the highest market of US$ 22.4 Bn by the end of 2032. The market in the country is expected to register a CAGR of 5.3% during 2022 to 2032. This is due to factors that include a growth in the use of surfactants in personal care, home care, and industrial & institutional industries usage. Growth in the United States is being supported by rising disposable income, more employment possibilities, and a strengthening economy. It is also supported by the presence of companies including Stepan Company, Dow Chemical Company, Ashland Global Holdings Inc., among others.

U.K. Surfactants Market

The market in the U.K. was held at US$ 1.9 Bn in 2021. Growing at a CAGR of 4.7% during 2022 - 2032, the market is projected to reach a valuation of US$ 3.2 Bn by 2032.

Japan Surfactants Market

The Japanese market was held at US$ 1.9 Bn in 2021. The market is expected to witness an absolute dollar opportunity of US$ 1.6 Bn during 2022 to  2032. With a CAGR of 6.3% during 2022 to 2032, the market in the country is projected to reach a valuation of US$ 3.6 Bn by 2032.

South Korea Surfactants Market

The surfactants market in South Korea is estimated to reach a valuation of US$ 1.2 Bn by 2022. The market is likely to reach a valuation of US$ 2 Bn by 2032, growing at a CAGR of 5.4% during 2022 to  2032.

Category-wise Insights

Which Type of Surfactant is projected to Witness the Fastest Growth?

Anionic surfactants accounted for over 2/5th of the surfactants market in 2021. Demand growth of Anionic Surfactant was recorded at 4.3% during 2017 – 2021, while it is expected to grow at a CAGR of 5.2% during 2022 – 2023. Anionic surfactants are mainly used in soaps and detergent preparation. Anionic surfactants are frequently employed in home care owing to their ability to remove dirt, clay, and some oily stains from the surface.

The use of household cleaning detergents is progressively increasing due to the growing population, and since anionic surfactants are predominantly employed in household detergents, the market for these substances is anticipated to expand significantly over the forthcoming years. Growing consumer demand for personal care products is anticipated to fuel the market expansion for anionic surfactants.

Which Application of Surfactants is expected to be Most Lucrative?

Homecare application accounts for the largest revenue for surfactants, With over a quarter of share during the historical period, the revenue share through this application is further expected to grow during the forecast period. The rising demand of surfactants in homecare products such as laundry detergents, fabric conditioners, dishwashing detergents, hard floor and surface cleaners, glass cleaners, carpet cleaners and air fresheners has been the key growth driver.

The market revenue through homecare is being propelled by an increase in the kitchen, bathroom, living room, and garage cleaning jobs. The surfactants job is to clean, but it also has to work with the other elements to accomplish additional tasks. When the detergent packaging is opened until the last dose is used, the detergent must remain loose and easy to store. If the detergent is powdered, it must also dissolve quickly and be simple to add to the washing machine.

During washing, surfactants disperse both liquid filth and solid residues, such as dirt from garments and textile fibers. These solid residues are then kept suspended in a water solution so they do not redeposit and may be readily rinsed away. They also ensure that the cleaning effect lasts longer since charged fibers and hairs attract dirt particles, as they stop the fibers from getting electrically charged.

Competitive Analysis

The companies in Surfactants Market are focused on their alliances, collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their surfactants market share.

Some of the recent developments in the Surfactants Market are:

• In May 2022, Dispersa introduced and is currently expanding its first biosurfactant product line, PuraSurf, for cleaning and personal care applications. Partnerships with significant Canadian cleaning product manufacturers are now active.
• In April 2021, to create a surfactant generated from industrial carbon emissions, Unilever collaborated with LanzaTech and India Glycols. Its OMO (Persil) laundry capsules will be introduced in China. The new surfactant will be employed in these capsules.
• In March 2021, to improve its position in bio-based surfactants for industrial and home care products, BASF teamed with Allied Carbon Solutions Co. Ltd., a producer of biomass-based surfactants. The purpose of this partnership was to support product development and the further advancement of goods like sophorolipids.
• In August 2020, Under the Lamesoft Balance brand, BASF announced the introduction of a natural surfactant that will be made entirely from natural sources. The surfactant efficiently stabilizes the wax-based diffusion for skin and hair cleansing solutions while being fully biodegradable.

Key Segments of Surfactants Industry Research

• By Type :

  • Anionic
  • Non-Ionic
  • Cationic
  • Amphoteric

• By Application :

  • Homecare
  • Personal care
  • Textile
  • Industrial & Institutional Cleaning
  • Elastomers & Plastics
  • Oilfield Chemicals
  • Agro Chemicals
  • Other Applications

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA