Global Surfactants Market 2017-2021
Surfactants are materials or substances with low interfacial tension or surface tension. Surfactants work based on the principle of adsorption at the interface or surface of the two-phase systems between a liquid and a solid or between two liquids. When adsorption takes place at the surface or interface, the region with high affinity aligns itself toward the volume phase and the region with less affinity aligns itself to the bulk phase and protrudes from the interface.
Technavio’s analysts forecast the global surfactants market to grow at a CAGR of 5.24% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 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 Surfactants Market 2017-2021
Technavio recognizes the following companies as the key players in the global surfactants market: Akzo Nobel, BASF, Clariant, Evonik, and Huntsman International.
Other Prominent Vendors in the market are: AGAE Technologies, Croda International, Chevron Phillips Chemical Company, Enaspol, Koa Corporation, Lonza, Procter & Gamble, Solvay, Stepan, The Dow Chemical Company, and Unger.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in R&D activities. Major surfactants vendors have increased their R&D expenditure to reduce the manufacturing cost and provide products with enhanced properties and use. The increasing R&D expenditure is a major trend being witnessed by the global surfactants market in the recent years.”
According to the report, one driver in the market is growing demand for personal care products. The growing demand for surfactants in personal care application is owing to the growing use of cosmetics and personal care products such as hair care, skin care, and baby care among others. Surfactants clean and produce foam in shampoos, shower gels, and hair conditioners. The mild shampoos with surfactants are gentle to the skin and offer low irritancy to the skin. The market for personal care products in 2016 was $420 billion and will grow with a CAGR of 3.5% during the forecast period.
Further, the report states that one challenge in the market is high manufacturing cost of bio-based surfactants. Bio-surfactants are more expensive as compared to the traditional synthetic counterpart. The raw material prices and economies of scale of bio-surfactants are two major factors contributing to the high cost of production. The cost of bio-surfactants is almost $1.8 per liter, thus increasing the cost of the end-products. The bio-surfactants are mainly used in the fast-moving consumer goods (FMCG) companies such as Reckitt Benckiser, P&G, L'Oréal, and Colgate. The FMCG products are price sensitive in nature.
Akzo Nobel, BASF, Clariant, Evonik, Huntsman International, AGAE Technologies, Croda International, Chevron Phillips Chemical Company, Enaspol, Koa Corporation, Lonza, Procter & Gamble, Solvay, Stepan, The Dow Chemical Company, and Unger.