GLOBAL SURFACTANTS MARKET EXPECTED TO REACH $64.40 BILLION BY 2025.
According to a new report published by Allied Market Research, "Surfactants Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global surfactants market was valued at $43,655 million in 2017, and is projected to reach $64,408 million by 2025, registering a CAGR of 5.4% from 2018 to 2025. Asia-Pacific is anticipated to be the highest revenue contributor throughout the forecast period.
Surfactants, also known as surface-active agents, are organic chemicals with a hydrophilic and a hydrophobic end that when added to a liquid, change its properties at the surface or interface.
By type, the global surfactants market is classified into cationic surfactant, anionic surfactant, nonionic surfactant, amphoteric surfactant and others. Anionic surfactants are mostly derived from carboxylation, sulfation and condensation of fatty acids and phosphoric acid derivatives. Cationic surfactants are obtained by the reaction of tertiary amines with classical alkylating agents, whereas alkylation processes of betaines and true amphoteric surfactants produce amphoteric surfactants.
In 2017, anionic surfactant and nonionic surfactant segments occupied up to two-thirds share of the surfactants market, in terms of volume.
By application, the surfactants market is segmented into household detergent, personal care, industrial & institutional cleaner, food processing, oilfield chemicals, agricultural chemical, textile, plastic, paint & coating, adhesive, and others. The household detergent and personal care segments, together held more than two-thirds share in the surfactants market in 2017.
North America and Europe collectively accounted for half of the market in 2017. However, Asia-Pacific alone captured more than one-third share of the surfactants market. Asia-Pacific is expected to remain dominant from 2018 to 2025 in terms of revenue, followed by North America.
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|Title Annotation:||market watch|
|Article Type:||Industry overview|
|Date:||Nov 1, 2018|
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