Categories
Categories
Ainsley Lewis
by on January 28, 2019
113 views
The latest market report published by Credence Research, Inc. “Surfactants Market, By Type, Application Type and Region - Growth, Future Prospects and Competitive Analysis, 2016 - 2023,” the global surfactants market was valued at US$ 34.13 Bn in 2015, and is expected to each US$ 47.16 Bn by 2023, expanding at a CAGR of 4.4% from 2016 to 2023. In 2015, in terms of volume the global surfactants market was 17,611.22 Kilo tons. Market Insights Rising demand for personal care products and cleaners and detergents, led by rising consumer awareness about health and hygiene, has enhanced the demand for surfactants across the globe. The personal care products and detergents market in Asia, Latin America and Middle East is growing significantly due to burgeoning middle class and rise in disposable income. Moreover, increasing exploration and production activities is increasing demand for oilfield chemicals which is also projected to boost the market demand for surfactants. However, rising environmental concerns owing to toxicity of the surfactants is the major factor hampering the market growth. Price volatility due to fluctuating prices of crude oil is another factor restraining the market growth. Browse the full Surfactants Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at https://www.credenceresearch.com/report/surfactants-market Shift in trend towards bio surfactants especially in developed economies such as North America and Europe due to regulatory pressure and growing consumer awareness is projected to offer huge market potential for industry participants.  Moreover, government in these regions have also been promoting the use of bio surfactants which promotes market players to increase their production. Competitive Insights In the surfactants market suppliers have low bargaining power due to intense competition. Moreover, due to volatility in the prices of crude oil suppliers of raw materials have to face margin pressures. In 2015, more than 30% of the total market was accounted by BASF. Akzo Nobel, Evonik, Clariant and Huntsman are some of the other prominent players present in this market. Development of new innovative products is the key strategies adopted by the players present in this market. Free Sample Requesthttps://www.credenceresearch.com/sample-request/58306 Key Trends
  • Rising demand from end use applications especially, home care, personal care, food processing and oilfield chemicals
  • Production of sustainable green surfactant products
  • Emerging economies offers huge market potential
About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Who we are Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals. Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect. Contact Us: Credence Research Inc. 105 N 1st ST #429 SAN JOSE CA 95103 United States Toll Free (US/CANADA): +1-800-361-8290 Web: https://www.credenceresearch.com LinkedIn @ https://us.linkedin.com/company/credenceresearch
Posted in: news
Be the first person to like this.