Global Surfactants Industry Trend Analysis
Surfactants, commonly known as surface active agents, are organic compounds that reduce surface tension between two liquids or between a solid and a liquid. In terms of functionality, they are widely used for improving cleaning efficiency, emulsifying, dispersing or wetting actions, solvency, foaming & de-foaming & lubricity of cleaning agents and many other products.
Types of Surfactants and Their Applications
Primarily surfactants are classified into Anionic Surfactants, Nonionic Surfactants, and Cationic Surfactants. A disinfectant that protects from infection is primarily a chemical agent that kills germs and other harmful microorganisms when applied to inanimate objects. The usage of a disinfectants agent highly depends on the infectious agent present and desired objective.
Surfactants are one of the very important compounds that produce liquid detergent. They are widely used to remove dirt from skin, close and other household objects, especially in the kitchen and bathrooms. They also have numerous industrial applications. The origin of the word ‘Surfactant’ is surface active agents.
Floor Cleaning Market Outlook
In the toiletries and household cleansing market of India, the floor cleaning market is the second largest product category. The floor cleaning market is classified into dish wash bars, liquids, and powders. Out of all these segments, the dish wash bars segment has the highest market share.
Some of the important key growth drivers for this sector are increasing awareness, changing lifestyles and easy access to the range of products through organized retail formats. Moreover, the changing preference of rural households for toilet cleaner products instead of acid and phenyl has also helped in the expansion of the industry in India.
The Surfactants Market Segmentation
The Surfactants market is classified on the basis of the substrate into synthetic and bio-based surfactants. Out of these two segments, synthetic surfactant accounts for a larger market share as it is widely used in a number of industrial and commercial products like detergents, cleaners, soaps, shampoos, hand wash and many more. However, the demand for bio-based surfactants is increasing as the consumers are preferring products manufactured from the natural feedstock.
As per the market analysis, household surfactants are majorly used worldwide, followed by personal care, food processing, oil-field chemicals, agriculture chemicals, textile chemicals, and others. The personal care industry has been growing at ~23% annual growth rate. Similarly, agriculture chemicals are growing at ~5.6%, and oil-field chemicals are growing at ~4.3%.
Trends and Opportunities in the Surfactant Industry
The Global Surfactant Market demand was around $15.93 million tons in the year 2014 and it is expected to reach 24.19 million tons by the year 2022, growing steadily at a CAGR of 5.4% during 2015 to 2022. The global surfactant market is growing steadily and it is expected to be huge in the near future. Bio surfactants have a major share of the growth in which non-iconic and amphoteric surfactants are quite popular. India has a large market for niche beauty products, with leading cosmetic companies exclusively promoting surfactant based face washes, hand wash, hair creams & gels because of their cleansing ability and ease of customizing the products.