Market Research Future (MRFR) has published a cooked research report on the “Global Natural Surfactants Market” that contains information from 2018 to 2032. The natural surfactants market is estimated to register a CAGR of 4.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global natural surfactants market— BASF SE (Ludwigshafen, Germany), Clariant AG (Muttenz, Switzerland), Croda International Plc. (Snaith, United Kingdom), WHEATOLEO (Pomacle, France), The Dow Chemical Company (Midland, Michigan, United States), CECA Arkema Group (Colombes, France), SEPPIC (Paris, France), Evonik Industries (Essen, Germany), Innovative Chemical Technologies (Maharashtra, India)
The global natural surfactants market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 27.8 billion by 2032.
The term "natural surfactant" (also known as "bio-based surfactant") refers to additives or preservatives that are colorless and odorless and are used to soften and raise the plasticity and viscosity of materials. Moreover, they lengthen the material's lifespan by making PVC softer, more malleable, and elastic through the creation of flexible polyvinyl chloride (PVC).
The primary drivers of the market growth rate include variables like rising emulsion polymerization demand, rising demand from various applications, and expanding personal care industries. Also, factors including a growing emphasis on environmental rules, increased hygiene awareness, and a rise in liquid soap together with lower raw material prices linked to lower production costs will further pave the way for market expansion. The market will also develop as a result of increased surfactant use in the detergent industry and strict controls on the use of conventional surfactants. The market for natural surfactants is growing, but it is being constrained by time- and money-consuming legislative constraints.
The global Natural Surfactants market has been segmented based product and application.
On the basis of product, the market is segmented into anionics, nonionics, cationics, amphoterics. The anionics segment was attributed to holding the largest market share in 2022.
Based on application, the global natural surfactants market has been segmented into detergents, industrial & institutional, personal care, oilfield chemicals, others. The detergents segment was expected to hold the largest market share in 2022.
The global natural surfactants market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe natural surfactants market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The natural surfactants market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World natural surfactants market comprises of Middle East, Africa, and Latin America.
The largest market share for natural surfactants was maintained by the North American regional sector. Government regulations and the rising demand for chemical-free surfactants are a couple of the reasons for this dominance. Due to the possibly harmful effects of conventional surfactants on the skin, consumers' preferences for natural goods and components are expected to shift in a significant way. For instance, surfactants that satisfy the safer choice requirements are authorized for use in safer choice products, according to the Environmental Protection Agency (EPA). The criteria for environmental fate and toxicity for chemicals in direct release products must be met by surfactant compounds that avoid sewage treatment. This is anticipated to increase demand for natural and bio-based surfactants.
In 2022, Europe was the second-largest market region, and it is anticipated that it would remain in that position during the projection period. The regional market is anticipated to be driven by rising demand for detergents and chemicals used in oil fields. One of the key factors influencing the market is the rising use of bio-based surfactants, which can be linked to the heightened awareness of the harmful effects of chemical surfactants on human health and the environment. A significant manufacturing base for personal care items is also present, which will help the growth.
In terms of industrialization and growth, the Asia-Pacific area is among those that are expanding quickly. The region's expansion will be fueled by the growing investments made by multinational businesses to establish industrial facilities in South Asian nations like China, India, South Korea, and others due to the accessibility of labor and raw materials. Also, the industry will benefit from the rising demand for detergent and personal care goods brought on by a huge population.
Furthermore, the rest of the world's natural surfactants market is divided into the Middle East, Africa, and Latin America. The previous few decades have seen significant expansion in South America. The need for detergents and oilfield chemicals has significantly expanded as a result of several mining operations. This is anticipated to stimulate market expansion and open doors for regional manufacturers. By the conclusion of the projected period, the Middle East and Africa are anticipated to have had moderate growth. The market for natural and sustainable surfactants and surfactant products will be driven by rising petroleum and oil mining operations.
Key Findings of the Study
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- The global natural surfactants market is expected to reach USD 27.8 billion by 2032, at a CAGR of 4.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on green energy and carbon emission reduction by government bodies through policies and initiatives
- Based on gasifier application, the transportation segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- BASF SE (Ludwigshafen, Germany), Clariant AG (Muttenz, Switzerland), Croda International Plc. (Snaith, United Kingdom), WHEATOLEO (Pomacle, France), The Dow Chemical Company (Midland, Michigan, United States), CECA Arkema Group (Colombes, France), SEPPIC (Paris, France), Evonik Industries (Essen, Germany), Innovative Chemical Technologies (Maharashtra, India)