Surfactants Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2024
The
Asia Pacific surfactants market is highly fragmented due to the
presence of several players with small shares. An assessment of the
competitive landscape by Transparency Market Research states that the
entry for new players is relatively difficult. To remain ahead of the
competition key players are expected to focus on product innovation.
Development of bio-based surfactants also remains underway as several
manufacturers are noticing the demand for safer raw materials for
personal care products. Some of the leading players in the market are
The Dow Chemical Company, Archer Daniels Midland Company, Akzo Nobel
N.V., and Galaxy Surfactants Limited.
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According
to the research report, the Asia Pacific surfactants market is expected
to be worth US$6.3 bn by the end of 2024 as compared to US$4.1 bn in
2015. Between the forecast years of 2016 and 2024, the global
surfactants market expected to expand at a CAGR of 5.0%.
China Emerges as Leading Nation in Asia Pacific Surfactants Market
On
the basis of product, the global surfactants market is segmented into
cationic, non ionic, anionic, and amphoteric. Of these, non ionic
surfactants segment is expected to show remarkable progress in the
coming years. By the end of 2024, the non ionic surfactants segment is
expected to acquire a share of 34.2% in the overall market. The rising
application of these surfactants in sectors such as oilfield chemicals,
chemicals, textiles, and agrochemicals are expected is expected to drive
the growth in the coming years.
The
Asia Pacific surfactants market is segmented into countries such as
China, Thailand, Australia, Japan, Vietnam, Indonesia, Philippines,
Malaysia, South Korea, and Rest of APAC. Of these, China dominated the
overall market in 2015. The country is expected to retain its stance in
the coming years as it is slated to acquire a share of 39.4% in the Asia
Pacific surfactants market by the end of 2024.
Rising Awareness about Beauty Products in Asia Pacific Boosts Regional Market
The
Asia Pacific surfactants market has been witnessing a rise since couple
of years due to their increasing adoption in a wide range of personal
care products. The diversity of personal care industry has offered the
surfactants market several lucrative opportunities for growth.
Increasing number of mouth wash, toothpaste, and hair care brands have
been making significant usage of surfactants in their products.
Furthermore, growing sales of bathing and shaving products are also
expected to augment the demand for surfactants across Asia Pacific.
Non-iconic, amphoteric, and cationic are the three types of surfactants
that will be predominantly used in the near future.
The
increasing awareness about beauty, aesthetics, and hygiene are also
expected to drive the growth of the Asia Pacific surfactants market in
the near future. The changing lifestyles, increasing disposable incomes,
and shifting perceptions toward improving the standard of living are
also expected to have a positive impact on the trajectory of the Asia
Pacific surfactants market during the forecast period.
Side-effects of Chemically-obtained Surfactants to Restrain Market Growth
Despite
the soaring demand for beauty products, the Asia Pacific surfactants
market is being restrained by the growing concerns amongst consumers
about the usage of synthetic raw materials and oleo-chemicals in
cosmetics. Surfactants manufactured using synthetic sources can lead to
side-effects such as irritation to the skin and eye, damage beyond
repair, and neurotoxicity amongst others. The introduction of organic
products and worries about irreparable damage to the skin due to the use
of surfactants are expected to hamper the growth of the Asia Pacific
surfactants market.
This
review is based on Transparency Market Research’s report, titled
“Surfactants Market - Asia Pacific Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024.”
The report segments the Asia Pacific surfactants market into:
Surfactants Market – Product Analysis
-Cationic
-Anionic
-Amphoteric
-Non ionic
-Others (Silicone surfactants, etc.)
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Surfactants Market – Application Analysis
-Personal Care
-Oilfield Chemicals
-Paints & Coatings
-Emulsion Polymerization
-Agrochemicals
-Concrete Additives
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