PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403543
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403543
According to Stratistics MRC, the Global Anionic Surfactants Market is accounted for $21.35 billion in 2023 and is expected to reach $32.53 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Anionic surfactants are a class of surface-active agents characterized by having a negatively charged hydrophilic (water-loving) head and a hydrophobic (water-repelling) tail. This unique structure allows them to reduce the surface tension of liquids, making them more effective in various applications involving the interaction of water and other substances. They help in emulsifying and lifting away dirt and grease from surfaces. The choice of anionic surfactant depends on the specific application and the desired properties required for the formulation.
According to the Household and Commercial Products Association (HCPA), the market value is around USD 180 billion per annum for home care products such as cleaner, and disinfectants for homes and commercial environments.
E-commerce platforms have a global reach, allowing manufacturers and suppliers of anionic surfactants to access a much larger customer base than traditional brick-and-mortar stores. They provide convenience for consumers to browse and purchase products from the comfort of their homes or workplaces. Also, customer feedback and reviews on e-commerce platforms can influence purchasing decisions. Additionally, the e-commerce platform's product promotions, helpful reviews and product comparisons accelerate the market demand.
Anionic surfactants, particularly those based on sulfates and sulfonates, can be persistent in aquatic environments. When released into water bodies, they can accumulate and potentially harm aquatic life, disrupting ecosystems. This can lead to regulatory scrutiny and restrictions on their use. Also, anionic surfactants that are not effectively removed during wastewater treatment may end up in sludge and sediments. Further, increasing pressure from consumers, NGOs, and regulatory bodies to adopt more sustainable and eco-friendly practices are hampering the market growth.
Anionic surfactants are key ingredients in a wide range of personal care products, including shampoos, shower gels, hand washes, toothpaste, and more. They provide the foaming, cleansing, and emulsifying properties necessary for these products to effectively clean and maintain personal hygiene. They also improve formulation performance and stabilize emulsions. Additionally, emerging economies with growing middle-class populations are experiencing an increasing demand for personal care products. This, in turn, drives the demand for anionic surfactants in these regions.
Asian manufacturers often benefit from lower production costs due to factors like lower labor costs, economies of scale, and potentially less stringent environmental regulations. This can lead to lower prices for their products, making them more competitive in the global market. They also have well-established supply chain networks and access to raw materials that provide them with a competitive advantage. Their offerings such as high quality with low costs hamper the new entrants in the market.
The COVID-19 had both direct and indirect impacts on the anionic surfactants industry. The pandemic led to disruptions in global supply chains due to lockdowns, restrictions on movement, and reduced workforce availability. This affected the production and transportation of raw materials, potentially leading to shortages or delays in the production of anionic surfactants. Some industries that use anionic surfactants in their processes, such as the textile and automotive industries experienced a cascading effect. Further, with the increased focus on hygiene and cleanliness, there was a surge in demand for household cleaning products, which often contain anionic surfactants. This led to increased production of these products.
The household soap & detergent segment is estimated to have a lucrative growth, due to their cleaning efficiency and lathering properties. Anionic surfactants are highly effective at removing dirt, grease, and stains from various surfaces. They have excellent foaming properties, which is important in cleaning products like soaps and shampoos. The foam helps distribute the surfactant evenly and provides a visual indicator of the cleaning process. Thereby, its factors including low cost, biodegradability, versatility and emulsification boost the segment demand.
The textile manufacturing segment is anticipated to witness the highest CAGR growth during the forecast period, due to its compatibility with other chemicals, ph control and foam stabilization. Anionic surfactants improved wetting leads to more efficient and uniform processing, ensuring that chemicals and dyes are evenly distributed across the textile material. They prevent agglomeration of dye particles, leading to even coloration and preventing streaking or uneven dyeing. Their efficiency, quality, and environmental sustainability of textile manufacturing processes fuel the segment growth.
Asia Pacific is projected to hold the largest market share during the forecast period owing to its substantial industrial growth and urbanization. Countries like China, India, and Bangladesh have significant textile and leather industries. The personal care and cosmetics industry in Asia-Pacific is one of the largest and fastest-growing in the world. Also, many multinational companies are actively expanding their presence in the Asia-Pacific region. Further, the rising middle-class population and changing lifestyles in the region contribute to the growth of this market segment.
North America is projected to have the highest CAGR over the forecast period. North America represents a significant portion of the global anionic surfactants market. The region has a well-established consumer base for personal care, household cleaning, and industrial applications, which are major end-users of anionic surfactants. The region is known for its strong research and development capabilities. This has led to continuous innovation in the surfactants industry. However, the North American anionic surfactants market was expected to continue its growth trajectory, driven by factors like population growth, urbanization, and increasing consumer awareness of sustainability.
Some of the key players profiled in the Anionic Surfactants Market include The 3M Company, Mitsubishi Electric Corporation, Posco, Johnson Matthey, BASF SE, Akzo Nobel N.V., Evonik Industries AG, Croda International Plc, QuoteMedia, Kao Corporation, Galaxy Surfactants Limited, Solvay, Vinamax Organics Pvt. Ltd., Chemtex Speciality Limited, Aarti Industries Limited, KLK OLEO, Pilot Chemical Corporation, Procter & Gamble Corporation, Dow Inc and Unilever.
In July 2022, Unilever's biggest laundry brand, Dirt Is Good (also known as Persil, Skip and OMO), has introduced the newly designed capsule to help decarbonise the laundry process whilst delivering top cleaning performance. The new capsules are packaged in a plastic-free, cardboard container, a move set to prevent over 6,000 tonnes of plastic entering the waste stream every year, the equivalent in weight to 500 double-decker buses.
In March 2022, BASF SE, a German multinational chemical company launched new bio-based surfactant products, which are COSMOS-approved and made from soy protein. Consumers are becoming conscious of using eco-friendly products and these type of products are recommended for mild and natural skins.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.