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.
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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%.
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.
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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.
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.
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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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