The global Surfactants Market size is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period. The growing awareness about personal health and hygiene will spur lucrative growth opportunities for the market, states Fortune Business Insights, in a report, titled “Surfactants Market Size, Share & COVID-19 Impact Analysis, By Type (Anionic, Nonionic, Cationic, and Amphoteric), By Application (Home Care, Personal Care, Textile, Food & Beverages, Industrial & Institutional Cleaning, Plastics, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 44,157.4 million in 2019.
The whole world is battling with the novel coronavirus, leaving numerous industries distraught. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
Increasing Demand from Home and Personal Care Industry to Bolster Growth
The increasing demand for surfactants from various end user applications stands as a key factor propelling the surfactants market growth. This includes cosmetics, agrochemicals, petroleum, foaming agents, and others. In addition to this, they are also used as an essential ingredient in products such as haircare, skincare, lotions, skincare, and other personal care products, the increasing demand for which will bode well for the market in the forecast period.
The Market for Surfactants is Categorized into the following: