Specialty surfactants are the surface-active agents that reduce the surface tension of the liquid and remain stable in solutions containing relatively high concentration of electrolytes.
It helps in increasing the wetting properties of the liquid which is useful to separate dirt, oil, and stains from various surfaces. These characteristics of Specialty surfactants are being used as hard surface cleaners, in textile scouring, and as metal cleansers.
Rising Demand From Various Industries Anticipated to Drive the Demand for Specialty Surfactants. Specialty surfactants are used in a wide range of household and industrial cleaning products. They have found its application in various industries such as Industrial & institutional care, Paint & Coating, Oilfield chemicals, and agrochemicals.
Moreover, Rising popularity of bio-based surface-active agents is one of the major trends in the market. Furthermore. The Low prices of synthetic wetting agents, increasing disposable income, and easy accessibility are anticipated to propel further the specialty surfactants market. However, the surfactant industry is facing many environmental and regulatory challenges.
“Global Specialty Surfactants Marketwas Valued at US$ 9.2 Bn in 2018 And it is Expected to Reach More than US$ 13.7 Bn by 2027, Likely to Grow with the CAGR of 4.54 % During the Forecast Period.”
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Anionic surfactant emerged as the largest product segment accounting for more than 40 %of the overall share in 2018. The anionic surface-active agent is widely used owing to its widespread application in LABS (Linear Alkyl Benzene Sulfate) as a cleaners and detergents due to advantageous characteristics of the product is estimated to boost the growth. Anionic surfactant market is witnessing large demand driven by the parallel growth of end-user industries like home care, building and construction, pharmaceuticals and many more.
By End-use, the Household Detergents Segment is Expected to Witness the Highest Growth in the Specialty Surfactants Market Across the Globe. The household detergents dominated the end-use segment and accounted for more than 40% of the overall product demand. Increasing demand from home care products can be accredited to increasing surfactant usage in household cleaners, laundry detergents, dishwasher detergents, pre spotters, carpet cleaners and fabric softeners soaps, and detergents. Furthermore, Surfactants are used for wetting surfaces in dishwasher detergents to assist in soil removal.
The demand for high-quality products in the personal care industry is attributed to driving the specialty surfactants market.
Asia Pacific Region Dominated the Specialty Surfactants Market During the Forecast Period.The Asia Pacific is expected to hold a 34% share in the global specialty surfactants market in 2018, and is projected to be the fastest-growing regional market over the forecast period.
The rising demand from the household, industrial applications, Cheap availability of raw material, labor along with increasing awareness regarding bio-based products are driving factors for the specialty surfactants market. Additionally, the surfactant market will be driven by the growing major end-use industries and increasing urbanization in the region with demand from the rising population in countries such as India, China, Indonesia, and others.
The global Specialty Surfactants Market is highly fragmented, Some of the key players in the global Specialty Surfactants Market are Kao Corporation Clariant International Ltd.,BASF, Evonik, Industries, GEO,Innospec, Pilot Chemical, PandG Chemicals,Stepan Company,The Dow Chemical Company,Akzo Nobel, Arkema and Ashland.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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