Surfactants Market Size And Forecast

Surfactants Market size was valued at USD 42.1 Billion in 2020 and is projected to reach USD 60.24 Billion by 2028, growing at a CAGR of 4.59% from 2021 to 2028.

The growth is primarily due to increasing usage in the agrochemicals segment. They are used in formulations of agrochemicals for crop protection. Moreover, they function as suspending agents, dispersing agents, foaming agents, wetting agents, and penetration support and help to enhance the contact of several active ingredients with the crop surface. This will foster market growth. The Global Surfactants Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Surfactants Market Overview

The changing lifestyles in emerging countries coupled with the increasing per-capita consumption of household cleaners and detergents are driving the Surfactants Market. The Surfactants Market is anticipated to witness significant growth, owing to factors such as low prices & easy availability of surfactants, and a broad range of applications. Also, the wide use of surfactants in household detergents is further expanding the expansion of the Surfactants Market globally. Furthermore, the rapid growth of the personal care industry and usage of surfactants in neonatal respiratory distress syndrome have positively anticipated in propelling the growth of the Global Surfactants Market.

There are certain barriers and obstacles faced that will hinder the overall market growth. The factors such as the implementation of stringent regulations by government agencies regarding the use of synthetic or petrochemical-based surfactants are estimated to sluggish growth during the forecast period. Further, the toxicity of some surfactants and volatility in raw material prices are potential restraints hampering the overall growth of the global market. Nevertheless, the advancements in technologies, growing demand for bio-based surfactants and sustainable green surfactant products, and untapped potential in emerging markets offer favorable growth opportunities.

Surfactants Market, By Application

• Household Detergent
• Personal Care
• Industrial & Institutional Cleaner
• Oilfield Chemical
• Agricultural Chemical
• Food Processing
• Paint & Coating
• Adhesive
• Plastic
• Textile
• Others

Based on Application, the market is bifurcated into Household Detergent, Personal Care, Industrial & Institutional Cleaner, Oilfield Chemical, Agricultural Chemical, Food Processing, Paint & Coating, Adhesive, Plastic, Textile, and Others. The household detergent segment holds the largest market share. Surfactants are used in various products such as dishwashing detergents, laundry detergents, laundry, and dishwashing soaps, carpet cleaners, and floor cleaners, among others. They are extensively used as in-home care appliances to eliminate dirt from fabrics and other surfaces.