According to the current analysis
of Reports and Data, the global anionic
surfactants market was valued at USD 16.82 billion in 2018 and is
expected to reach USD 23.71 billion by the year 2026, at a CAGR of 4.3%. The
study provides an overall insight into the factors responsible for the growth
in the anionic surfactants market. Anionic surfactants market is expected to
gain traction due to the heavy surge of demand driven by the parallel growth of
end user industries like home care, building and construction, pharmaceuticals
and many more. The personal care and home care industry in recent years has
witnessed tremendous growth owing to the rising population, increasing per
capita income of people and rising standard of living in the Asia-Pacific
region.
The growth of anionic surfactants
market is expected to be restrained due to environmental concerns rising all
over the world. Governments have enforced strict emission and safety norms.
Constant research and development activities are being funded the companies to
continually overcome this challenge, to roll out innovations and products which
help them capture the majority of the market. It is expected that bio-based
anionic surfactants would diversify the application segments and help in
growing the market further.
Further key findings from
the report suggest
- Anionic surfactants market is growing at a CAGR of 6%
in Asia-Pacific followed by North America and Europe, with 4.5% and 4.2%
CAGR, respectively.
- Parallel growth in the construction and agriculture
segment due to rising worldwide population and increasing demand is
expected to grow the anionic surfactants market further.
- Pharmaceutical segment is expected to grow due to
rampant diseases and improving healthcare facilities across the globe.
- Oil and Gas industry has extensive use of anionic
surfactants and is also on the rise due to the constant increase in demand
for non-renewable fuels. This would help anionic surfactant market expand
further.
- Key participants include AkzoNobel,
BASF, DowDuPont, Evonik, Clariant, Schärer + Schläpfer AG, Goulston
Technologies, Inc., Sino-Japan Chemical Co. Ltd, Bendale Chemicals, Stepan
Company, Vance Group Ltd., Unitop Chemicals Pvt. Ltd., G International,
Inc., Desmet Ballestra.
To identify the key trends in
the industry, click on the link below:
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