Global Specialty Surfactants Market 2017-2021
About Specialty Surfactants
Specialty surfactants are surface-active agents used in emulsifying, wetting, dispersing, cleaning, and for foaming in anti-foaming agents. They are also used in applications such as paints, cosmetics, adhesives, detergents, fabric softeners, inks, and biocides. Specialty surfactants are primarily used to decrease the surface tension in between two interfaces such as liquid-gas, liquid-liquid, and liquid-solid. They have multiple functions and are more effective than commodity surfactants.
Technavio’s analysts forecast the global specialty surfactants market to grow at a CAGR of 5.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global specialty surfactants market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Specialty Surfactants Market 2017-2021
Technavio recognizes the following companies as the key players in the global specialty surfactants market: BASF, Evonik Industries, P&G Chemicals, Stepan Company, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Akzo Nobel, Arkema, Ashland, GEO, Innospec, and Pilot Chemical.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is declining demand from developed economies. The global specialty surfactants market is witnessing a shift in manufacturing sites from the West to the East, predominantly after the recession period in 2008. There has been a worldwide shift of manufacturing units from the developed parts of the world, such as North America and Europe, to the developing parts of the world.”
According to the report, one driver in the market is growing personal care industry in emerging economies. Specialty surfactants are widely used in various personal care products such as skin care and bath products, fragrances, hair care products, cosmetics, and several other products. These surfactants are used as inactive ingredients that impart physical properties and as active ingredients that impart functional properties. The demand for specialty surfactants is increasing in the personal care industry. The demand for the products is increasing from urban customers whose needs are developing and as they seek products for specified applications.
Further, the report states that one challenge in the market is increasing competition from vegetable-based surfactants. Specialty surfactants are primarily used in the detergents and personal care industries, owing to their lower cost of production over bio-based surfactants/vegetable-based surfactants. However, their toxic and non-biodegradable nature is hampering the environment and impeding its popularity. They are harmful to marine life as well as to human health. Due to sustainability issues, major companies are shifting to bio-based surfactants, which are produced using renewable and eco-friendly feedstocks.
BASF, Evonik Industries, P&G Chemicals, Stepan Company, and The Dow Chemical Company, Akzo Nobel, Arkema, Ashland, GEO, Innospec, and Pilot Chemical.