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Albany, New York, Aug. 01, 2018 (GLOBE NEWSWIRE) -- In a new study, Transparency Market Research (TMR) identifies some of the leading players in the global surfactants market. As per the report, the top six players contribute the largest share in the global surfactants. Major companies secured 35% of the market in 2014. The major leaders in the market are Solvay S.A., Kao Corporation, Stepan Company, Clariant International Ltd., P&G chemicals, Evonik Industries AG, Lonza group Ltd., Huntsman Corporation, and BASF SE.
Anionic surfactants accounts for highest in terms of volume in the global market. It accounted for a massive share of 45% of the market. Non Ionic surfactants is anticipated to become the fastest growing segment in the global market. North America is the expected to become the fastest growing market during the forecast period. Rising demand for surfactants and presence of numerous organizations in the region is expected to favor the growth of the market
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According to Transparency Market Research the market is expected to grow at a CAGR of 4.2% from 2015 to 2023. During this time the market is anticipated to reach US$23.83 by the end of 2023.
Stringent Regulations to Deter the Growth of Market
Increase in shift from rural to urban areas accompanied with rise in consumer awareness about health and hygiene is leading to rise in need of personal care goods. On the other hand rise in need for cleaners and detergents has driven the market, particularly in Asia Pacific region. Strict regulation forced by several bodies on solvent-based detergents are likely to deter the market. However the rise in use of anionic surfactants which are used for laundry detergents, toilet cleaning products, glass cleaners, carpet cleaners, dish washing liquids, and stain and odor removers, is expected to bolster the market.
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Personal Care Product to Boost the Growth of Market
Rise in personal care product is turning out to be one of the major factor in the growth of the global surfactants market during the accessed period. Skin care and hair care under the personal care products is anticipated to promote the growth of the market. Mild shampoos which are generally used by geriatric population or babies consist of surfactants which causes low skin irritation and are soft to the skin. Surfactants are also finds its application in the manufacture of lipstick and for makeup products. Increase in demand for lipstick and make up products throughout the world is bolstering the growth of the surfactants market. Surge in demand for aftershaves, hair lotions, shaving creams, and toilet waters is anticipated to burgeon the growth of the market as this product uses surfactants while manufacturing it.
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Alkyl polyglycosides (APGs), non-ionic surfactants, is expected to play a major role in stabilization, antimicrobials, anti-adhesives, emulsifications, and food processing. Global surfactants market finds its application in mining, pulp and paper, paints and coating, lubricants and fuels additives, and agriculture sector. Rise in disposable income of the middle class family across the world is said to have a positive impact on the growth of the market.
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The information presented in this review is based on a TMR report, titled Surfactants Market (Product – Surfactants, Anionic, Cationic, Non- ionic, Amophoteric; Application – Household Detergents, Personal Care, Industrial and Institutional, Food Processing, Textile and Leather)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
The global surfactants market has been segmented into
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