The surface active agents market proficiently comprises of sales of surface active agents and connected services for the utilization in detergents, wetting agents, emulsifiers, foaming agents, and dispersants in order to subordinate the surface tension. Surface active agents are majorly utilized in industries likewise pharmaceutical, oil & gas, food & beverage, agriculture and clothes.
According to the report analysis, ‘Surface Active Agents Global Market Report 2020’ states that in the surface active agents global market there are several corporates which presently operating more significantly for leading the highest market growth and dominating the handsome value of market share around the globe during the inflowing years while spreading the awareness related to the surface active agents, decreasing the linked price, increasing the applications of such, implementing the profitable strategies, studying and analyzing the strategies and policies of the government along competitors, delivering the better consumer satisfaction, employing the young work force and establishing several research and development programs includes BASF SE, Clariant, Akzo Nobel N.V. (The Netherlands), Air Products and Chemicals (U.S.), E. I. DuPont de Nemours & Co (U.S.), Kao Corporation, Stepan Company, Ashland, Evonik Industries AG, Reliance Industries Ltd and several others.
The worldwide surface active agents market was value USD 62.43 billion in 2019. It is projected to grow at a compound annual growth rate (CAGR) of 12% and reach USD 98.28 billion by 2023.
The effective increment in the demand for surface active agents from several end user industries is propelling the market. Surfactants in food industry are utilized as emulsifiers, which are efficient for the formation and stabilization of the food structure. Moreover, there is increasing awareness of vigorous food, which require bio-surfactants with great biodegradability and lower toxicity. According to the research study on resourcefulness of surfactants in food industries during 2018, biocompatible, biodegradable and non-toxic emulsion based formulations of surfactants have high impending for food preparation and dispensation applications. Moreover, around the globe, 50% of food surfactants produced is utilized in bakery products, demonstrating the amount of surface active agents demanded. The increasing demand from end user propels the surface active agents market.
Not only has this, extra concentrated laundry detergents is becoming prominent as it decreases the water consumption. Corporates are improving concentrated detergents which can save as much as 45 million gallons of water per year and also demand less plastic for packaging and create transportation more energy-efficient. For example, Walmart’s objective is to cut 25% of the water from every dose of laundry detergent by 2018. For foremost companies manufacturing extra concerted laundry detergents involve Unilever, Procter & Gamble, Henkel AG & Company and Church & Dwight Co., Inc.
Throughout 2018, Stepan corporate, an Illinois based company, accomplished the acquisition of surfactant production capacity from BASF SE for an undisclosed amount. This acquisition will assist Stepan Company’s strategy to enlarge in Latin America. BASF SE is a German corporate that specializes in introducing chemicals utilized in broad range of industries. Therefore, in the near years, it is anticipated that the market of surface active agents will increase around the globe more significantly.
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Global Surface Active Agents Market
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