Global Cationic Surfactants Market 2019-2023
About this market
Developing economies significantly to the global cationic surfactant market. Many OEMs of surfancts are shifting their manufacturing activities to these countries because of factors such as easy availability of raw materials, land, cost- effective labor and many more. These increasing population and industrialization in developing countries are likely to drive the consumption of detergents, industrial cleaners and personal care products. Favorable government policies in China and India attract manufacturing companies to invest and build their industrial plants in these countries. Technavio analysts have anticipated that the market will report a CAGR of more than 4% by 2023.
Extensive use of cationic surfactants in consumer and industrial cleaning
Cationic surfactants are used in the formation of detergents because of their ability to dissolve grease, oils, fats for cleaning. They are used with anionic surfactants to reduce the surface tension between water and the dirt on clothes. They are suitable for removing grease stains. The increasing use of cationic surfactants for industrial cleaning applications will augment the growth of the market.
Threat of substitutes
The substitutes are extensively used as emulsying, foaming, wetting, spreading and dispersing agents. They are used in detergents, personal care products, cosmetics, I&I cleaning, oilfield chemicals and agrochemicals.
For the detailed list of factors that will drive and challenge the growth of the cationic surfactants market during the 2019-2023, view our report.
The cationic surfactants market is fragmented owing to the presence of several established and regional vendors. The vendors in the market are concentrating on technological innovation and improvised production techniques has provided a new growth opportunity among the vendors. This has also raised the level of competition and will further intensify in the coming years. This cationic surfactant industry analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.
Technavio Announces the Publication of its Research Report – Global Cationic Surfactants Market 2019-2023
Technavio recognizes the following companies as the key players in the global cationic surfactants market: Akzo Nobel, Clariant, Croda International, Evonik Industries, Huntsman International, Stepan Company.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing role of technology such as software which are enabling the end-users to improve efficiency and offer upgraded maintenance features.”
According to the report, one of the major drivers for this market is the extensive use of cationic surfancts in consumer an industrial cleaning.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of cationic surfactants limits their use in various applications such as laundry, personal care and other cleaning products.
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