Specialty Surfactants Market - Forecast(2023 - 2028)

Report Code: CMR 43103 Report Format: PDF + Excel

Specialty Surfactants Market Overview

Specialty Surfactants Market size is forecast to grow at a CAGR of 5.9% during the forecast period 2021-2026. Globally, owing to the widespread adoption of cationic surfactants and use of the anionic surfactants in LABS (Linear Alkyl Benzene Sulfate) is estimated to drive market growth. Increasing production of bio-based surfactants and synthetic surfactants has also raised the growth of the market. Moreover, because of the foaming and viscosity, specialty surfactants are gaining popularity in a variety of applications, including personal care, food and beverages, and agriculture, which is driving the market growth. Increased emphasis on R&D to produce value-added differentiated specialty surfactant products is estimated to create opportunities for the growth of the market.

Covid-19 Impact

The specialty surfactant industry, which had seen healthy revenue growth in recent years due to increased domestic demand and exports, was negatively impacted in the first quarter of 2020 due to coronavirus-induced lockdown and disruptions. However, after the first quarter because of the increasing awareness among consumers in the aftermath of the Covid-19 pandemic, demand for personal hygiene and homecare products increased even more in the past year (2020).Manufacturing companies believe that the pandemic has made consumers more aware of the importance of maintaining hygiene, both personally and at home, to reduce the chances of infection, and that this will become a trend in the long run. Thus, it is estimated that in the upcoming years the demand for personal hygiene and homecare products will increase which would further raise the growth of the specialty surfactant market.

Report Coverage

The: “Specialty Surfactants Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the specialty surfactants market.
By Origin: Synthetic Surfactants and Bio-based Surfactants.
By Type: Cationic Surfactants, Anionic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants, Silicone Surfactants, and Others.
By Application: Personal Care (Hair Care, Skin Care, Oral Care, Skin Care, Body Care, Decorative Cosmetics, Others), Cleaners, Food & Beverage, Plastics, Paints & Coatings, Textiles, Pulp & Paper, Lubricant & Fuel Additives, Oilfield Chemicals, Agricultural Chemicals, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), APAC(China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America(Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific region dominates the specialty surfactants market owing to the rising production and usage of personal care products in emerging economies such as China, India, Japan, and South Korea.
  • Growing popularity of bio-based surface active agents is driving the market growth. Lower synthetic wetting agent prices, rising disposable income, and ease of access are expected to propel the trade forward.
  • Moreover, the rising environmental concern against the use of specialty surfactant is anticipated to create hurdles in the growth of the market over the forecast period.

Figure: Asia Pacific Specialty Surfactants Market Revenue, 2020-2026 (US$ Billion)

Specialty Surfactants Market
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Specialty Surfactants Market Segment Analysis- By Type

Anionic surfactants held the largest share of around 25% in the specialty surfactants market in 2020. Sulfonated or phosphorylated straight-chain hydrocarbons are the most common anionic surfactants used. Owing to the low cost and ease of availability of anionic surfactants is increasingly used in the laundry detergents, and electronic dishwashing detergents. Other advantages of anionic surfactants make them suitable for certain carpet applications. When irritated, they produce a lot of foam. They're often flaky or powdery when dry, rather than sticky like other surfactants. Anionic surfactants, including conventional shampoos and encapsulation products, are the most popular form of surfactant used in low moisture carpet cleaners. These detergents, on the other hand, aren't as effective at emulsifying oily soils as other detergent varieties. Thus, with an increase in the demand for anionic surfactants in several applications the market is anticipated to rise in the forecast period.

Specialty Surfactants Market Segment Analysis- By Application

Personal care sector held the largest share in the specialty surfactants market in 2020 and is projected to grow at a CAGR of 5.5% during the forecast period 2021-2026.While inexpensive commodity products will continue to account for the majority of demand in terms of volume, consumer demand for specialty surfactants in personal care products would increase. As well as manufacturers' efforts to increase the use of multifunctional, environmentally friendly products, will drive the demand for specialty surfactants over the forecast period. With the rising growth in the personal care sector the market for specialty surfactants is also anticipated to upsurge in recent years. For instance, According to Assocham, India's beauty, cosmetics, and grooming market will expand from US$ 6.5 billion to US$ 20 billion by 2025, owing to the middle-class disposable income and the aspirations of people to live a good life and look nice. Thus, with an increase in the demand for personal care products and growth of the personal care industry is anticipated to raise the market for specialty surfactants in the forecast period.

Specialty Surfactants Market Segment Analysis- Geography

Asia-Pacific region held the largest share of more than 35% in the specialty surfactants market in 2020.The rising usage and demand of personal care products and cleaning detergents in the Asia-Pacific countries is driving up the demand for specialty surfactants. These end use industries account for the majority of the demand for specialty surfactants products. Furthermore, increasing demand for specialty surfactants in the Southeast Asian countries such as Indonesia, Malaysia, Thailand, and others, in applications such as soap and detergents, and personal care, has raised the market growth. According to the International Trade Administration, from 2019 to 2022, Thailand's beauty and personal care market is expected to expand at a steady rate by 7.3% per year. With the rising personal care sector, the market for specialty surfactants is estimated to increase. Thus, the demand for specialty surfactants is therefore anticipated to increase in the Asia-Pacific region over the forecast period.

Specialty Surfactants Market Drivers

Increasing Demand for Bio-Based Surfactants

Bio-Based surfactants are microbial surfactants that outperform chemically synthesized agents in terms of functionality. Because of their high degree of protection and biodegradability, these surfactants are considered eco-friendly raw materials. The demand for Bio-Based surfactants and the production of greener solutions for various applications such as cosmetics, pharmaceuticals, industrial cleaning, and biochemical’s is increasing as customers become more aware of the use of sustainable and natural ingredients in their everyday products. However, as environmental and human health issues develop, governments and surfactant manufacturers are increasingly focusing on shifting to green and sustainable goods in almost every application. Thus, with the increasing demand for bio-based surfactants the market demand for specialty surfactants market is anticipated to rise over the forecast period.

Rising usage of specialty surfactant in agrochemicals

Increasing use of specialty surfactants to maximize the performance of agrochemicals such as pesticides, herbicides, and others, have raised the growth of the market. Specialty surfactants improve pesticide efficiency through a variety of mechanisms, and in particular increase the foliar uptake of herbicides, growth regulators, and defoliants. Also, specialty surfactants improve the application performance of agrochemicals by breaking the surface tension of spray droplets and is increasingly used in the agrochemicals industry. Currently, the rising growth of the agrochemical industry is estimated to raise the growth of the market. According to the India Brand Equity Foundation, the agrochemicals market is projected to grow at an annual rate of 8% between FY22 and FY25, reaching US$ 3.7 billion in FY22 and US$ 4.7 billion in FY25. With the rising agrochemical sector the demand for specialty surfactant is also anticipated to rise in the forecast period.

Specialty Surfactants Market Challenges

Environmental Effects of Specialty Surfactants

Specialty surfactants are regularly deposited on land and in water systems in a variety of ways, either as part of a planned process or as industrial and household waste. As a consequence of sewage sludge application, wastewater irrigation, and remediation practices, anionic surfactants can be present in soils. Specialty surfactants in high concentrations combined with multimetals can pose a threat to the environment. Specialty surfactants are found in the atmosphere at levels that are not harmful, and in Croatia, they are below the national limit. The majority of surfactants are biodegradable, and secondary treatment in wastewater treatment plants significantly reduces their volume. The release of untreated wastewater or wastewater that has only undergone primary treatment is the most serious concern. The release of wastewater contaminated with large amounts of surfactants may also have significant consequences for the environment. Thus, rising environmental concerns pertaining to the use of specialty surfactants, can act as a constraint for the growth of the specialty surfactants market during the forecast period.

Specialty Surfactants Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the specialty surfactants market. Major players in the specialty surfactants market are3M, BASF SE, Stepan Company, Akzo-Nobel, Evonik Industries AG, Solvay, The Dow Chemical Company, Arkema, Clariant, and Kao Corporation among others.

Acquisitions/Technology Launches

  • In May 2019, Arkema company, acquired ArrMaz, a specialty surfactant company based in Florida, for $570 million from Golden Gate Capital, a private equity firm. Arkema reported that the acquisition would help it to achieve its target of deriving 80% of revenue from specialty chemicals by 2023.

Relevant Reports

Report Code: CMR 59355

Report Code: CMR 47451

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1. Specialty Surfactants Market- Market Overview
    1.1 Definitions and Scope
2. Specialty Surfactants Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Origin
    2.3 Key Trends by Type
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Specialty Surfactants Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Specialty Surfactants Market- Startup companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Specialty Surfactants Market– Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Specialty Surfactants Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Specialty Surfactants Market-Strategic analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Specialty Surfactants Market– By Origin(Market Size - US$ Million)
    8.1 Synthetic Surfactants
    8.2 Bio-based Surfactants
9. Specialty Surfactants Market – By Type(Market Size - US$ Million)
    9.1 Cationic Surfactants
        9.1.1 Fatty Amine Oxides
        9.1.2 Quaternary Ammonium Compounds
        9.1.3 Others
    9.2 Anionic Surfactants
        9.2.1 Alpha Olefin Sulfonates
        9.2.2 Sarcosinates
        9.2.3 Sulfosuccinates
        9.2.4 Isethionates
        9.2.5 Others
    9.3 Non-ionic Surfactants
        9.3.1 Sugar-Derived Surfactants
        9.3.2 Fatty Alkanolamides
        9.3.3 Block Copolymers
        9.3.4 Others
    9.4 AmphotericSurfactants
        9.4.1 Betaines
        9.4.2 Others
    9.5 Silicone
    9.6 Others
10. Specialty Surfactants Market – By Application (Market Size -$Million)
    10.1 Personal Care
        10.1.1 Hair care
            10.1.1.1 Shampoos
            10.1.1.2 Conditioner
            10.1.1.3 Hair Colorants
            10.1.1.4 Others
        10.1.2 Oral Care
            10.1.2.1 Mouth washes
            10.1.2.2 Toothpastes
            10.1.2.3 Others
        10.1.3 Skin Care
            10.1.3.1 Cleansing lotions
            10.1.3.2 Moisturizers
            10.1.3.3 Shaving Creams/Foam
            10.1.3.4 Others
        10.1.4 Body Care
            10.1.4.1 Soaps
            10.1.4.2 Body Washes
            10.1.4.3 Body Lotions
            10.1.4.4 Others
        10.1.5 Decorative Cosmetics
        10.1.6 Others
    10.2 Cleaners
        10.2.1 Household Cleaning Products
            10.2.1.1 Laundry Detergents
            10.2.1.2 Dishwashing Detergents
            10.2.1.3 Others
    10.3 Food & Beverage
    10.4 Plastics
    10.5 Paints & Coatings
    10.6 Textiles
    10.7 Pulp & Paper
    10.8 Lubricant & Fuel Additives
    10.9 Oilfield Chemicals
    10.10 Agricultural Chemicals
    10.11 Others
11. Specialty Surfactants Market- By Geography (Market Size -US$ Million)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Specialty Surfactants Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Specialty Surfactants Market- Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Specialty Surfactants Market- Key Company List by Country Premium Premium 
15. Specialty Surfactants Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"