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Surfactants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 150 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4771655
The surfactants market was estimated at over USD 36 billion in 2020, and the market is projected to register a CAGR of over 4% in terms of revenue during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2021. Several countries were forced to go into lockdown due to the pandemic scenario, which led people to minimize the usage of personal vehicles, creating a negative impact on the lubricant and fuel demand and, in turn, decreasing the demand for fuel additives and surfactants. However, the consciousness regarding personal hygiene and clean surroundings has increased in the current situation, which has stimulated the demand for personal and household cleaning products, thus enhancing the market growth of surfactants.

Over the short term, the growing personal care industry in Asia-Pacific and the growing demand for oleochemicals are driving the growth of the surfactants market.

Household soap and detergent is the largest application for surfactants in terms of volume. Surfactants are used as ingredients in a variety of products in the personal care segment, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others. The personal care industry accounted for a healthy share of the global market, thereby augmenting the growth of the market.

Environmental issues address certain key concerns that include toxicity, biodegradability, eutrophication, and lifecycle analysis. One of the biggest challenges faced by the surfactants industry is the level of the environmental effect caused by the use of various products, like detergents. This is likely to hinder the market growth.

As the demand for specialty surfactants is growing rapidly in various applications, the market for specialty surfactants is projected to grow drastically during the forecast period, thus providing opportunities for innovations in application-specific products.

The Asia-Pacific region is expected to dominate the market, and it is also likely to witness the highest CAGR during the forecast period.

Key Market Trends

Anionic Surfactants are Expected to Dominate the Market

Anionic surfactants belong to the class of surface-active reagents, in which the head of the surfactant macromolecule remains negatively charged. This allows it to bind to impurities and particles suspended in the liquid.

Anionic surfactants account for approximately half of the total share of the surfactants market. A growing focus on environmental regulations is expected to increase the demand for anionic surfactants.

Anionic surfactants are widely used for industrial and household cleaning and for pesticide formulations. Of the anionic surfactants, biodegradable linear alkylbenzenesulfonates (LAS) are the most common and can be found in wastewater systems and river water.

Anionic surfactants work best to remove dirt, clay, and some oily stains. These surfactants work following ionization. When added to water, the anionic surfactants ionize and have a negative charge. The negatively charged surfactants bind to positively charged particles like clay. Anionic surfactants are effective in removing particulate soils.

Some of the most-used anionic surfactants are sulfonic acid salts, alcohol sulfates, phosphoric acid esters, alkylbenzene sulfonates, and carboxylic acid salts.

Increasing demand for anionic surfactants in cosmetic products, such as skincare and hair care products in personal care applications, owing to their superior characteristics, such as foaming, cleansing, thickening, solubilizing, emulsifying, antimicrobial effects, penetration enhancement, and other special effects, is expected to boost the market demand.

The current market demand for environment-friendly alternatives has led to a boost in demand for bio-based anionic surfactants.

Asia-Pacific is Expected to Dominate the Market

In Asia-Pacific, China was the largest consumer of surfactants, and the country is likely to continue its dominance during the forecast period.

The market for soaps, washing powders, and synthetic detergents in China was expected to grow at an annualized 5.0% over the five years through 2021. In 2021, the industry revenue was expected to total USD 54.2 billion. This is excepted to drive the current market during the forecast period.

The output from the Chinese chemical industry is essential in various products, which include soaps, detergents, cosmetics, etc. There are more than 60 manufacturers of washing, care, and cleaning agents present in the country. However, the market studied is dominated by global players such as BASF SE and Evonik Industries AG. China is also one of the largest exporters of soaps and detergent products.

Moreover, India is one of the largest producers of soaps in the world. The per capita consumption of toilet/bathing soaps in the country is around 800 grams. Around 65% of the Indian population resides in rural areas, and the increasing disposable incomes and growth in rural markets are making the consumers shift to premium products. This shift is expected to drive the market for surfactants in the country.

Due to all such factors, the market for surfactants in the region is expected to witness steady growth during the forecast period.

Competitive Landscape

The surfactants market is highly fragmented, with the top five companies accounting for almost 15% of the market. Some of the major players in the market include Nouryon, Evonik Industries AG, Kao Corporation, BASF SE, and Stepan Company, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Growing Personal Care Industry in Asia-Pacific
4.1.2 Growth of the Oleochemicals Market Driving the Demand for Bio-based Surfactants
4.2 Restraints
4.2.1 Increasing Focus on Environmental Regulations
4.2.2 Impact of the COVID-19 Outbreak on the Market
4.2.3 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
5.1 Type
5.1.1 Anionic Surfactants Linear Alkylbenzene Sulfolane (LAS or LABS) Alcohol Ethoxy Sulfates (AES) Alpha Olefin Sulfonates (AOS) Secondary Alkane Sulfonate (SAS) Methyl Ester Sulfonates (MES) Sulfosuccinates Other Types of Anionic Surfactants
5.1.2 Cationic Surfactants Quaternary Ammonium Compounds Other Types of Cationic Surfactants
5.1.3 Non-ionic Surfactants Alcohol Ethoxylates Ethoxylated Alkyl-phenols Fatty Acid Esters Other Non-ionic Surfactants
5.1.4 Amphoteric Surfactants
5.1.5 Silicone Surfactants
5.1.6 Other Types
5.2 Origin
5.2.1 Synthetic Surfactants
5.2.2 Bio-based Surfactants Chemically Synthesized Bio-based Surfactants Biosurfactants
5.3 Application
5.3.1 Household Soaps and Detergents
5.3.2 Personal Care
5.3.3 Lubricants and Fuel Additives
5.3.4 Industry and Institutional Cleaning
5.3.5 Food Processing
5.3.6 Oilfield Chemicals
5.3.7 Agricultural Chemicals
5.3.8 Textile Processing
5.3.9 Emulsion Polymerization
5.3.10 Other Applications
5.4 Geography
5.4.1 Asia-Pacific China India Japan Rest of Asia-Pacific
5.4.2 North America United States Canada Mexico
5.4.3 Europe Germany United Kingdom Italy France Rest of Europe
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Arkema
6.4.3 Ashland
6.4.4 BASF SE
6.4.5 Bayer AG
6.4.6 Cepsa
6.4.7 Clariant
6.4.8 Croda International PLC
6.4.9 Dow
6.4.10 Evonik Industries AG
6.4.11 Galaxy
6.4.12 Godrej Industries Limited
6.4.13 Innospec
6.4.14 Kao Corporation
6.4.15 KLK Oleo
6.4.16 Nouryon
6.4.17 Oxiteno
6.4.18 P&G Chemicals
6.4.19 Reliance Industries Ltd
6.4.21 Sasol
6.4.22 Sinopec Jinling Petrochemical Co. Ltd (China Petrochemical Corporation)
6.4.23 Solvay
6.4.24 Stepan Company
6.4.25 Taiwan NJC Corporation Ltd
7.1 Possible Innovations in the Applications of Specialty Surfactants
7.2 Expansion of Application Base for Bio-based Surfactants

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M
  • Arkema
  • Ashland
  • Bayer AG
  • Cepsa
  • Clariant
  • Croda International PLC
  • Dow
  • Evonik Industries AG
  • Galaxy
  • Godrej Industries Limited
  • Innospec
  • Kao Corporation
  • KLK Oleo
  • Nouryon
  • Oxiteno
  • P&G Chemicals
  • Reliance Industries Ltd
  • Sasol
  • Sinopec Jinling Petrochemical Co. Ltd (China Petrochemical Corporation)
  • Solvay
  • Stepan Company
  • Taiwan NJC Corporation Ltd