According to a research report titled ‘Global Surfactant Market - Analysis By Type (Anionic, Non-ionic, Cationic, Amphoteric), By Application, By Region, By Country (2020 Edition): Market Insights, COVID-19, Implications, Competition and Forecast (2020-2025)’ published by Azoth Analytics in June 2020, the Global Surfactant Market was valued at USD 38.2 billion in the year 2019. The growth in the market for Surfactant is chiefly accredited to increase in the number of well-informed customer base, rise in personal hygiene and cleanliness awareness worldwide, changing lifestyle, inclination towards self-grooming, increase in purchasing power, augmented spending on skin care, hair care, oral care and home care products have been anticipated to infuse growth in the market of Surfactant market at global level.
The Azoth Analytics research report titled Global Surfactant Market has analysed and segmented the Surfactant Market by Value (USD million) and By Volume (In Mt). The report has also further analysed the Surfactant Market By Type (Anionic Surfactants, Non-ionic Surfactants, Cationic Surfactants and Amphoteric Surfactants) and By Application (Home Care, Personal Care, Industrial Cleaning and Others). The Global Surfactant Market has been analysed By Region (North America, Europe, and Asia Pacific) and By Country (US, Canada, UK, Germany, Italy, Netherlands, China, India, Japan and Thailand) for the forecast period of 2020-2025.
Global Surfactant market will be majorly driven by rising purchasing power and growing cleanliness and hygiene awareness of personal and environmental surroundings. Also, the psychological factor to look better in the society is also boosting the demand for personal care products by young aspiring populace. Moreover, the rising old age population experience the ill effects of typical geriatric conditions like hair-succumb to which to a great extent underpins the hair care market and skin disintegration which prompts the deals of skincare items. Here, surfactant being good surface-active agents and the integral component of personal care products is subsequently in the demand by the personal care products manufacturing companies. Furthermore, the contagion positioned huge awareness and importance of personal hygiene and cleanliness of home care, institutional and industrial cleaning all over the world due to which the demand for detergents, hand wash, soaps, sanitizers have risen tremendously. This, in turn bolstered the surfactant manufacturing and marketing of surfactants across all of the regions which impacted the surfactant business positively.
Furthermore, Asia Pacific region is the most attractive region for the growth of surfactants industry owing to large young aspirational population base coupled with increasing disposable income which have begun investing in personal care products due to increased level of emphasis on their physical appearances and longing to look better or appealing.
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