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Natural Surfactants Market (Bio-based Surfactants) worth 17.27 Billion USD by 2022 – Report by MarketsandMarkets™

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Natural Surfactants Market (Bio-based Surfactants) worth 17.27 Billion USD by 2022 – Report by MarketsandMarkets™

October 29
13:15 2018

Natural Surfactants Market
Natural Surfactants Market (Bio-based Surfactants) by Product Type (Anionic, Nonionic, Cationic, and Amphoteric), Application (Detergents, Personal Care, Industrial & Institutional cleaning, and Oilfield Chemicals)

The natural surfactants (bio-based surfactants) market is estimated to be USD 13.47 billion in 2017 and is projected to reach USD 17.27 billion by 2022, at a CAGR of 5.1% between 2017 and 2022. Implementation of stringent regulations on using conventional surfactants is driving the natural surfactants (bio-based surfactants) market in different applications. The growing use of natural surfactants (bio-based surfactants) in detergents, personal care, and oilfield chemicals is also fueling the growth of the natural surfactants (bio-based surfactants) market, globally.

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Expansion and new product development/launch accounted for the major share of all growth strategies adopted by the leading players in the natural surfactants (bio-based surfactants) market between April 2013 and October 2017. The key players in the natural surfactants (bio-based surfactants) market are AkzoNobel, (Netherlands), BASF (Germany), The Dow Chemical Company (US), Croda International (UK), Huntsman Corporation (U.S.), Clariant (Switzerland), Stepan Company (US), and Kao Corporation (Japan) are the major players in the natural surfactants (bio-based surfactants) market.

BASF is one of the leading manufacturers of natural surfactants (bio-based surfactants), globally. The company offers natural surfactants (bio-based surfactants) through its care chemical business division of performance products business segment. In November 2015, the company increased its capacity for natural surfactants (bio-based surfactants) at its Cimanggis site in Indonesia. This expansion allows the company to better serve the home and personal care industry.

Stepan Company is another leading manufacturer of natural surfactants (bio-based surfactants). Founded in 1932, the company carries out its business operations through its surfactants business segment. The surfactants segment produces natural surfactants (bio-based surfactants) which are widely used in consumer and industrial & institutional cleaning products such as detergents for washing clothes, carpets, dishes, floors, and walls. In June 2017, the company acquired the surfactant production facility of BASF SE in Ecatepec. This agreement has supported the company’s growth in Latin America.

Croda International offers a wide range of natural surfactants (bio-based surfactants). It has a diverse product portfolio for various industrial, household, and personal care applications. The company offers various types of natural surfactants (bio-based surfactants) such as anionic, cationic, amphoteric, and non-ionic surfactants. In October 2017, the company has commissioned the new plant in Delaware (US), which is capable of producing 100% bio-based nonionic surfactants that will be used in different consumer products. This investment will bolster the company’s strategy of increasing its market share in the growing natural surfactants (bio-based surfactants) products.

The natural surfactants (bio-based surfactants) market is estimated to be USD 13.47 billion in 2017 and is projected to reach USD 17.27 billion by 2022, at a CAGR of 5.1% between 2017 and 2022. Natural surfactants (bio-based surfactants) are manufactured from natural feedstock such as plant oils, plant carbohydrates, animal fats, and other natural sources. The sources may be of either plant or animal origin. Coconut and palm oil are some common plant oil sources. These are renewable sources and biodegradable, eco-friendly, and do not have carcinogenic effects.

The different types of natural surfactants (bio-based surfactants) are anionic, nonionic, cationic, and amphoteric. They are used in different applications such as detergents, personal care, industrial & institutional cleaning, agricultural chemicals, oilfield chemicals, and others. Some of the advantages of using natural surfactants (bio-based surfactants) are biodegradability, low toxicity, and raw materials availability.

Due to growing consumer awareness of the environmental hazards resulting from using petro-based surfactants, companies are constantly adapting to meet the consumer demands through developing new eco-friendly products. Owing to the increasing awareness of eco-friendly and sustainable products, natural surfactants (bio-based surfactants) are being increasingly developed as potential alternatives for synthetic surfactants in a variety of applications. However, time-consuming and expensive legislative requirements may hamper the growth of the natural surfactants (bio-based surfactants) market.

Based on product type, the nonionic natural surfactants (bio-based surfactants) market is projected to register the highest CAGR during the forecast period. Nonionic natural surfactants (bio-based surfactants) refer to a class of surfactants which does not undergo ionization when dissolved in water. They are highly stable and not easily affected by the acid base or strong electrolytes. Moreover, it has good compatibility with anionic, cationic, or amphoteric surfactants.

The growth of the personal care application has increased the demand for natural surfactants (bio-based surfactants) in APAC. The presence of technologically advanced countries, such as China, South Korea, and Japan, and the emerging economies such as India and China in APAC are leading to an increased demand for innovative, high yield, and cost-efficient products derived from plant or animal origin in the region.

Increasing awareness of the benefits of using bio-based ingredients is primarily responsible for the high demand for natural surfactants (bio-based surfactants) in APAC. In addition, improved lifestyle, the high cost of living, rising population, and high economic growth of the emerging countries such as China, South Korea, India, and Malaysia have increased the spending power of consumers, resulting in affordability of products with higher prices and better quality. This makes APAC an attractive natural surfactants (bio-based surfactants) market.

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