The Asia Pacific surfactants market is highly fragmented due to the
presence of several players with small shares. An assessment of the
competitive landscape by Transparency Market Research states that the
entry for new players is relatively difficult. To remain ahead of the
competition key players are expected to focus on product innovation.
Development of bio-based surfactants also remains underway as several
manufacturers are noticing the demand for safer raw materials for
personal care products. Some of the leading players in the market are
The Dow Chemical Company, Archer Daniels Midland Company, Akzo Nobel
N.V., and Galaxy Surfactants Limited.
According to the research report, the Asia Pacific surfactants market
is expected to be worth US$6.3 bn by the end of 2024 as compared to
US$4.1 bn in 2015. Between the forecast years of 2016 and 2024, the
global surfactants market expected to expand at a CAGR of 5.0%.
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China
Emerges as Leading Nation in Asia Pacific Surfactants Market
On the basis of product, the global surfactants market is segmented
into cationic, non ionic, anionic, and amphoteric. Of these, non
ionic surfactants segment is expected to show remarkable progress in
the coming years. By the end of 2024, the non ionic surfactants
segment is expected to acquire a share of 34.2% in the overall
market. The rising application of these surfactants in sectors such
as oilfield chemicals, chemicals, textiles, and agrochemicals are
expected is expected to drive the growth in the coming years.
The Asia Pacific surfactants market is segmented into countries such
as China, Thailand, Australia, Japan, Vietnam, Indonesia,
Philippines, Malaysia, South Korea, and Rest of APAC. Of these, China
dominated the overall market in 2015. The country is expected to
retain its stance in the coming years as it is slated to acquire a
share of 39.4% in the Asia Pacific surfactants market by the end of
2024.
Rising
Awareness about Beauty Products in Asia Pacific Boosts Regional
Market
The Asia Pacific surfactants market has been witnessing a rise since
couple of years due to their increasing adoption in a wide range of
personal care products. The diversity of personal care industry has
offered the surfactants market several lucrative opportunities for
growth. Increasing number of mouth wash, toothpaste, and hair care
brands have been making significant usage of surfactants in their
products. Furthermore, growing sales of bathing and shaving products
are also expected to augment the demand for surfactants across Asia
Pacific. Non-iconic, amphoteric, and cationic are the three types of
surfactants that will be predominantly used in the near future.
The increasing awareness about beauty, aesthetics, and hygiene are
also expected to drive the growth of the Asia Pacific surfactants
market in the near future. The changing lifestyles, increasing
disposable incomes, and shifting perceptions toward improving the
standard of living are also expected to have a positive impact on the
trajectory of the Asia Pacific surfactants market during the forecast
period.
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Side-effects
of Chemically-obtained Surfactants to Restrain Market Growth
Despite the soaring demand for beauty products, the Asia Pacific
surfactants market is being restrained by the growing concerns
amongst consumers about the usage of synthetic raw materials and
oleo-chemicals in cosmetics. Surfactants manufactured using synthetic
sources can lead to side-effects such as irritation to the skin and
eye, damage beyond repair, and neurotoxicity amongst others. The
introduction of organic products and worries about irreparable damage
to the skin due to the use of surfactants are expected to hamper the
growth of the Asia Pacific surfactants market.
This review is based on Transparency Market Research’s report,
titled “Surfactants Market - Asia Pacific Industry Analysis,
Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The
report segments the Asia Pacific surfactants market into:
Surfactants
Market – Product Analysis
- Cationic
- Anionic
- Amphoteric
- Non ionic
- Others (Silicone surfactants, etc.)
Surfactants
Market – Application Analysis
- Personal Care
- Oilfield Chemicals
- Paints & Coatings
- Emulsion Polymerization
- Agrochemicals
- Concrete Additives
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