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"Global Specialty Surfactants Market was Valued at US$ 9.6 Bn in 2019 and it is Expected to Reach More than US$ 14.3 Bn by 2028, Likely to Grow with the CAGR of 4.54 % During the Forecast Period."
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.
Their applications in several end-use industries such as petroleum, agrochemicals, pharmaceuticals, and cosmetics will drive the global Specialty Surfactants Market.
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.
The applications of specialty surfactants in the oilfield industry include drilling, well stimulation, completion, pipeline transport & production whereby anionics are used as defoamers, cationic and amphoteric as corrosion inhibitors, and nonionic as demulsifiers. While in the agriculture sector the applications comprise of additives primarily in pesticides such as herbicides, insecticides, and fungicides. Moreover, they are majorly used as laundry detergents, dishwasher detergents, pre spotters, carpet cleaners and fabric softeners in households. The growing demand from all the industries driving the Specialty surfactants market.
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. The adverse effect of specialty surfactants on the environment has led to several environmental regulations such as the Toxic Substances Control Act (TSCA), the Clean Water Act, the Resource Conservation, Recovery Act (RCRA), the Occupational Safety and Health Administration (OSHA) standards. These factors are likely to restrain the market growth.
Anionic Segment Held the Largest Share in Global Specialty Surfactants Market in 2019
Anionic surfactant emerged as the largest product segment accounting for more than 40 %of the overall share in 2019. 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.
However, In terms of value, amphoteric surfactants are predicted to grow at an estimated significant growth rate over the forecast period. The segment is projected to observe high demand owing to their several properties which include conditioning, biodegradability, detergency, foaming & foam stabilization, etc.
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 2019, 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.
While, North America is a prominent market for Specialty surfactants and is anticipated moderate growth owing to the increasing demand in the personal care, food, and beverages, agriculture, and oilfield chemicals industries as it helps to separate dirt, oil, and stains from various surfaces. The United States and Canada account for the majority of the manufacturing and consumption of soaps and detergents. The United States is accounted for the largest consumer of surfactants in the region. Expanding the personal care industry and the usage of surfactants has increased in the United States over the past few years, which is expected to further increase over the forecast period.
However, The European market is expected to grow as a result of the rising demand for less toxic surfactants. The major players in the surfactant industry are focusing on developing renewable surfactants which are likely to fuel Bio-Based Surfactants.
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 Company, Akzo Nobel, Arkema, and Ashland
Specialty Surfactants Market Key Segments:
Specialty Surfactants Market, By Product
- Cationic Surfactant
- Anionic Surfactant
- Nonionic Surfactant
- Amphoteric Surfactant
Specialty Surfactants Market, By Source Type:
- Synthetic Surfactants
Specialty Surfactants Market, By Application
- Wetting agents
- Foaming agents
Specialty Surfactants Market, By End Use
- Household detergents
- Industrial & institutional care (I&I)
- Paint & Coating
- Oilfield chemicals
Specialty Surfactants Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America