The global demand for specialty surfactants was estimated to be 13,986.0 kilo tons in 2011, which translated into revenues of USD 22.6 billion. Market volumes are expected to reach 17,662.6 kilo tons in 2017, growing at a CAGR of 4.0% for the period from 2011 to 2017.
Albany, NY -- (SBWIRE) -- 01/28/2016 -- The global specialty surfactants market caters to several industries. These include personal care, food processing, home care, industrial and institutional cleaners, oilfield chemicals, emulsion polymerization, paints and coatings, construction, and textiles. The growth of these end-use industries is driving the global specialty surfactants market. Surfactants support reduction of the surface tension in a liquid in which the chemical agent is dissolved. Due to this property, they are widely used in several end-use industries.
End users of specialty surfactants such as construction, personal care, and textile industries are booming in emerging markets of the world, in turn boosting the overall specialty surfactants market. Emerging markets of Asia Pacific are strongly focused on manufacturing, due to which there is high demand for specialty surfactants in emerging countries of Asia Pacific, such as India and China.
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Another trend anticipated to radically change the global specialty surfactants market is the increasing popularity of biobased surfactants. At present, these surfactants occupy a small share in the global specialty surfactants market. However, in the coming few years, the biobased surfactants sector is anticipated to occupy a substantial share in the global specialty surfactants market.
The global specialty surfactants market report offers an in-depth outlook on the industry, with focus on the future prospects of the market. Impact analysis of the increasing demand for biobased surfactants and key technological developments in the market offered in the report will help clients tap into the best market opportunities.
Overview of the Global Specialty Surfactants Market
The global specialty surfactants market benefits from the high demand from the consumer goods sector and demand for high-value products. Furthermore, rising disposable incomes, lower prices of synthetic surfactants, and easy availability of surfactants will further fuel the global specialty surfactants market. Nevertheless, elements such as the adverse effect of specialty surfactants on the environment and increasing environmental regulations, fluctuating crude oil prices, and rising competition from vegetable oil surfactants will suppress the market.
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The global specialty surfactants market is projected to grow at a 4.3% CAGR during the forecast period from 2011 to 2017. In 2011, the market was valued at US$22.6 billion and by 2017 it is predicted to be worth US$29.2 billion. In the global specialty surfactants market, the Asia Pacific sector accounts for a substantial market share. By 2017, Asia Pacific is expected to hold a 34% share in the global specialty surfactants market.
By product type, the global specialty surfactants market is segmented into cationic surfactants, anionic surfactants, nonionic surfactants, amphoteric surfactants, and others. Currently, biobased surfactants hold only 1% of the overall market demand, but with increasing environmental and regulatory support this scenario is predicted to change by a great degree.
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Companies mentioned in the research report
Innovation is the vital cog in the development of the global specialty surfactants market. High focus on R&D and high-quality product offerings set apart the established players in the market from the new entrants in the market. At present, BASF is the dominating participant in the global specialty surfactants industry and recently acquired Cognis to fuel its innovation efforts. Other giants in the global specialty surfactants market include Clariant and Akzo-Nobel.
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