Global Surfactants Market Is Expected To Reach US$ 47.16 Bn By 2023: Rising Demand From End Use Applications Will Fuel The Market Growth
The latest market report published by Credence Research, Inc. “Surfactants Market, By Type, Application Type and Region – Growth, Future Prospects and Competitive Analysis, 2016 – 2023,” the global surfactants market was valued at US$ 34.13 Bn in 2015, and is expected to each US$ 47.16 Bn by 2023, expanding at a CAGR of 4.4% from 2016 to 2023. In 2015, in terms of volume the global surfactants market was 17,611.22 Kilo tons.
Browse the full Surfactants Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/surfactants-market
Rising demand for personal care products and cleaners and detergents, led by rising consumer awareness about health and hygiene, has enhanced the demand for surfactants across the globe. The personal care products and detergents market in Asia, Latin America and Middle East is growing significantly due to burgeoning middle class and rise in disposable income. Moreover, increasing exploration and production activities is increasing demand for oilfield chemicals which is also projected to boost the market demand for surfactants. However, rising environmental concerns owing to toxicity of the surfactants is the major factor hampering the market growth. Price volatility due to fluctuating prices of crude oil is another factor restraining the market growth.
Shift in trend towards bio surfactants especially in developed economies such as North America and Europe due to regulatory pressure and growing consumer awareness is projected to offer huge market potential for industry participants. Moreover, government in these regions have also been promoting the use of bio surfactants which promotes market players to increase their production.
In the surfactants market suppliers have low bargaining power due to intense competition. Moreover, due to volatility in the prices of crude oil suppliers of raw materials have to face margin pressures. In 2015, more than 30% of the total market was accounted by BASF. Akzo Nobel, Evonik, Clariant and Huntsman are some of the other prominent players present in this market. Development of new innovative products is the key strategies adopted by the players present in this market.
Browse the full report at http://www.credenceresearch.com/report/surfactants-market
Rising demand from end use applications especially, home care, personal care, food processing and oilfield chemicals
Production of sustainable green surfactant products
Emerging economies offers huge market potential
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith
Designation: Global Sales Manager
Web: Credence Research