(Food-Beverage-News.Com, August 24, 2021 ) The surfactants market size is projectedto reach USD 52.2billionby 2025 from USD 41.9billion in 2020, at a CAGRof 4.5% during the forecast period. Factors such as growing demand for surfactants in various applications such as home care, personal care, industrial & institutional cleaning, food & beverage, oilfield chemicals, agrochemicals, textiles, and elastomers & plastics is expected to drive the surfactants market. The major restraint for the market will be the stringent regulations by the government agencies such as the United States Environmental Protection Agency (USEPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH). However, the growing demand for bio-based surfactant and sustainable green surfactants products will act as an opportunity for the market.
The key market players profiled in the report includeBASF SE (Germany), Nouryon (North Holland), Evonik Industries AG (Germany), Stepan Company (US), Solvay (Belgium), The Dow Chemical Company (US), Indorama Ventures Public Company Limited (Thailand), Clariant (Switzerland), Ashland Global Holdings Inc. (US), Kao Corporation (Japan), Lonza (Switzerland), and Croda International Plc (UK) , EOC Group (Belgium), Oxiteno (Brazil), Sasol (South Africa), Arkema Group (France), Galaxy Surfactants Ltd. (India), Unger Fabrikker AS (Norway), The Lubrizol Corporation (US), PCC Group (Germany), Aarti Industries Ltd. (India), Taiwan NJC Corp. (Taiwan), Pilot Chemical Corp. (US), KLK Oleo (Malaysia), ADEKA Corporation (Japan), Tokyo Chemical Industries Co., Ltd. (Japan), Colonial Chemical Inc. (US), Lankem (Cheshire), Enaspola.s. (Czech Republic), AK ChemTech Co., Ltd. (Reupblic of Korea), Innospec (US), Sumitomo Chemical Company (Japan), Bayer AG (Germany), Cespa (Madrid), Cargill, Incorporated (US), 3M (US), Sialco Materials Ltd. (Canada), Sanyo Chemical Ltd. (Japan), Alzo International Inc. (US), and Reliance Industries Ltd. (India).
Players in the surfactants market are mainly concentrating on new product launches, agreements, mergers & acquisitions, and expansions to meet the growing demand for surfactants for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The growth of the surfactants market has been largely influenced by agreements and new product launches that were undertaken between 2016 and 2020. Companies such as BASF SE (Germany)and Nouryon (North Holland ) have adopted agreements and new product launches to enhance their market position.
BASF SEis focused on expansionsand new product launches tomeet the growing demand in the market. In October 2019, the company launched two new products Texapon SFA and Dehyton SFA surfactants. Texapon SFA is a very mild and innovative surfactant based on sustainable, RSPO-certified renewable resources. It is used in the manufacture of tear-free baby shampoos.Dehyton SFA is a blend of Texapon SFA and betadine. It is very gentle on the skin and can be used to make micellar thickening agents in formulas.In October 2019, the company increased its production capacity for Alkyl Polyglucosides (APG) in Jinshan, China by an additional 10,000 metric tons. APGs are non-ionic surfactants and are manufactured from 100% natural and renewable feedstocks. They are used in personal care applications.
Nouryon focusses on expansions, new product launches,and agreementto meet the growing demand for surfactants. In October 2019, the company opened a new plant in Stenungsund, Sweden, to produce ethylene amines and their derivatives. The technology is based on ethylene oxide (EO). The expansion enabled Nouryon to expand its ethylene amine capacity, an important raw material in the production of surfactants. In October 2019, the company launched WITBREAK NEO, a range of sustainable demulsifiers to separate crude oil from natural gas and water.In June 2019, Nouryon launched Agrilan 1028, a surfactant for the agricultural market that helps fertilizer and crop protection products to be combined in a single mix. In April 2019, Nouryon entered into an agreement with SulNOx Group (London), a hydrocarbon fuel emulsification and additive specialist, to launch two new additives, Berol 6446 and Berol 6430, for the fuel market.
Evonik Industries AG focuses on acquisitionsand expansionsto strengthen its market position in the surfactantsmarket. In March 2020, the company acquired biotechnology company InnovativeHealth Group based in Madrid, Spain. innoHealth's technology platforms screen and combine natural ingredients and extracts to generate novel dermocosmetic products with synergistic activities. In December 2019, the company entered into a partnership with Unilever to launch a biosurfactant, Rhamnolipi. Rhamnolipid is 100% renewable and biodegradable in nature.It is also ultra-mild on the skin, which sets it apart from other surfactants. In September 2019, the company expanded its production capacity for the high-purity C13 alcohol isotridecanol (ITDA). This high purity alcohol is used in the production of surfactants.In April 2019, the company launched REWOFERM SL ONE, its first biosurfactant and Tomamine Amphoteric coupling agents.
