Market Size of Specialty Surfactants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Specialty Surfactants Market Analysis
During the time frame of the forecast, the specialty surfactants market is expected to register a CAGR of more than 5%.
COVID-19 had a rather mixed impact on the market for specialty surfactants. The market experienced a boom as a result of the rise in demand for household cleaning and personal care products. On the other hand, the market also saw a decrease in demand for industrial and institutional cleaners, agricultural products, lubricants, and fuel additives as a result of lockdowns and travel restrictions. However, with the ease in regulations, the market has started to gather pace since 2021, and the market is likely to follow a similar trajectory during the forecast period as well.
- The major factors driving the market are the growing personal care industry in Asia-Pacific and the growth of the oleochemicals market.
- However, increasing focus on environmental regulations is hindering the growth of the market studied.
- In the near future, the growing need for specialty surfactants in the food processing industry is likely to give the market under study a number of chances to grow.
- Asia-Pacific had the biggest share of the market, and it's likely that it will continue to do so for the next few years.
