Surfactant Market (Product Type - Anionic Surfactants, Non-Anionic Surfactants, Cationic Surfactants, Amphoteric Surfactants; Application - Soap Industry, Personal Care Industry, Textile Industry, Industry and Institutional Cleaning, Elastomers and Plastics Industry, Oilfield Chemicals, Crop Protection, Food Industry; Substrate Type - Synthetic Surfactants, Bio-based surfactant): Global Industry Analysis, Trends, Market Size and Forecasts up to 2023. The global surfactant market is projected to reach USD 44.6 billion by the end of 2021, growing with a CAGR of 5.6% from 2017 to 2023.

Pune, India -- (SBWire) -- 04/09/2019 --The latest report on Surfactant Market by Infinium Global Research gives complete coverage of the Surfactant Market by product type (anionic, non-anionic, cationic, amphoteric surfactants), substrate type (soap, personal care, textile, industry, institutional cleaning, elastomers, plastics, oilfield chemicals, crop protection, food industry), application (synthetic, bio-based surfactants) in terms of key trends, market size, Industry Analysis, Trends, Market Size, Forecasts up to 2023 forecast and CAGR growth over the period of 2017 to 2023. In addition, the study covers deep dive into key product and applications trends in the regional markets of Surfactant such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global surfactant market is projected to reach USD 44.6 billion by the end of 2021, growing with a CAGR of 5.6% from 2017 to 2023.

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Surfactant Market: Industry Insights

The surfactant is amphiphilic molecules that lower the surface tension of liquids and absorb the air-water interface. The surfactant also is known as a surface-active agent. Surfactants play an important role in dispersing, cleaning, emulsifying, wetting, foaming and anti-foaming agents in many products and applications.

Surfactant Market: Drivers and Restraints

Growing personal care industry drives the growth of the surfactant market. Rising usage of surfactants in the detergent industry, in emulsification, catalysis, lubrication, and tertiary oil recovery boosts the growth of the surfactant market. Furthermore, growing applications of surfactants in several industries such as the food industry, textile industry, and oilfield chemicals fuel the growth of the surfactant market.

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Surfactant Market: Segmentation

The global surfactant market is categorized into product type, substrate type, and application. On the basis of product type, surfactant market is segmented into anionic surfactants, non-anionic surfactants, cationic surfactants, and amphoteric surfactants. Among these, anionic surfactants are most widely used in shampoos, laundering, and dishwashing liquids. Four types of anionic surfactants are used that include alkyl sulfates, alkylbenzene sulfonates, alkyl ether sulfates, and soaps. While cationic surfactants produced in smaller quantities than the anionic surfactants. Based on application segment surfactant market is categorized into soap industry, personal care industry, textile industry, industry and institutional cleaning, elastomers and plastics industry, oilfield chemicals, crop protection, food industry, and others. Among these, the soap industry holds the largest share of the surfactant market. Personal care is one of the largest end users for surfactants. Based on substrate type surfactant market is divided into synthetic surfactants and bio-based surfactants.

Surfactant Market: Regional Insights

Among the regions, Asia Pacific dominated the surfactant market owing to it is the largest consumer as well as producer of surfactants. China is the one of the largest consumers of surfactants in the region and there is a huge presence of local producers in the country that in turn fuels the growth of the surfactants market. Furthermore, rising personal industry, agricultural and industrial growth, increasing population in emerging economies such as China and India contribute to the growth of the surfactants market in the Asia Pacific region. The growth of the surfactants market is expected to increase in the North America region.

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Surfactant Market: Competitive Analysis

The prominent players in the surfactant market are AkzoNobel N.V. (Netherlands), Air Products and Chemicals (U.S.), BASF SE (Germany), Clariant AG (Switzerland), DuPont EI DE Nemours & Co (U.S.), Evonik Industries AG (Germany), Henkel AG & Co. KGaA (Germany), Huntsman Corporation (U.S.), Kao Corporation (Japan), and The Dow Chemical Company (U.S.).