Global Surfactants Market (Non-ionic, Anionic & Cationic): Insights & Forecast COVID-19 (2021-2025)
The major regional markets (Asia-Pacific, North America and Western Europe) have been analysed along with country coverage of China, Japan, India, US, Canada, Germany, France and UK.
By: Koncept Analytics
Factors such as increasing home care industry, rapid urbanization, improving consumer confidence index, accelerating e-commerce channels and growing household consumption expenditure are expected to drive the market growth. However, growth of the industry would be challenged by stringent regulations, volatility in the raw material prices and intense competition. A few notable trends include rising consolidation of market players, increasing preference of sugar surfactants, growing adoption of surfactants by pharmaceutical companies, and expanding bio-based surfactants market. In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the surfactant products sales have declined rapidly between January to March.
The surfactants industry consists of manufacturers of non-ionic, anionic, cationic and amphoteric surfactants. Major application fields of surfactants are Household Cleaning, Industrial & Institutional (I&I) Cleaning and Personal Care Industry. In terms of raw materials, surfactants are prepared from petrochemicals or bio-products.
The fastest growing regional market is Asia-Pacific due to improving economic conditions and growing personal & home care market in emerging countries i.e. China, Japan & India. China represents one of the largest markets for surfactants and is already well-penetrated at developed market levels. North America and Western Europe are highly established premium markets where growth lies in Bio-Based surfactants.
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