The market is expected to be valued at USD XX million in 2017, and is projected to reach USD XX million by 2022, registering a CAGR of ~4% during the forecast period (2017-2022).
Surfactants are essential chemicals in numerous applications. Their use has been increasing rapidly among personal care and food processing industries. Consumers around the world are becoming conscious about beauty and personal hygiene, which has led to a rapid growth in personal care products. This has positively affected the demand for surfactants in the personal care sector. Innospec recently announced their plan to invest and expand their production facility for dried surfactants in Saint Mihiel, France.
AREAS WITH SCOPE FOR POSITIVE GROWTH
By type, anionic surfactants had the largest market share in 2016, accounting for ~45% of the market. It is expected to be among the fastest growing segments. The growth of anionic surfactants is primarily driven by high demand for linear alkylbenzene sulfolane, which accounts for over half of the anionic surfactant market.
Global Surfactant Market, by Type (2016)
Among the regional markets, the Asia-Pacific dominated the market, with a share of XX% in 2016, and is expected to witness the fastest growth rate during the forecast period, projecting a CAGR of XX%. China, India and Indonesia are expected to be the fastest-growing markets in the region, with growth being relatively slower in Japan. North America and Europe followed the Asia-Pacific in surfactants consumption in 2016.
NOTABLE DEVELOPMENTS IN THE MARKET
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