Surfactants Market - Forecast(2021 - 2026)

According to the Organization of Petroleum Exporting Countries (OPEC), the global oil demand was valued to be 86.5 Mb/d in 2015, and due to the population growth and the increase in the number of vehicles foreseen in the future, the demand for oil is estimated to grow with an annual rate of 0.6% pa through to 2040 which translates to the requirement of a whopping 100.7 Mb/d in 2040, which will largely propel the enhanced oil recovery (EOR) across the globe. Now, this process makes use of surfactants, which is leading to the surfactants market growth, and the market already had a value of around $35.426 billion as of 2018 according to the findings by IndustryARC’s market analyst. Furthermore, the analyst estimates the demand in the surfactants market to grow at a CAGR of 5.38% during the forecast period of 2019 to 2025. 


India is the largest generic drugs provider in the world with a constantly growing pharmaceutical industry. Moreover, India is also one of the leading oil manufacturing countries across the globe. Additionally, China observes a significant per capita expenditure in the pharmaceutical sector. In general, APAC is a continuously growing region in agriculture, oil & gas, and textile sector where surfactants are used, which makes the region lead the surfactants market with a major share of 37% as of 2018 according to the analyst. 


Surfactants Market Outlook:

Surfactants are compounds that are used in detergents, wetting agents, emulsifiers, foaming agents, and dispersants in order to lower the surface tension. Surfactants find applications in a gamut of industries that range from pharmaceutical, oil & gas, food & beverages, and agriculture. However, their maximum application is in detergent manufacture units as foaming agents.

“The growing demand for detergents owing to the discernible amplifying sales of washing machine across the globe coupled with the fact that there is no substantial alternative to surfactants for reducing the surface tension and foaming agents will relentlessly support the surfactant application in the detergent manufacturing units,” remarks the market analyst in the surfactants market research report. Furthermore, the market expert estimates the application CAGR of surfactants in detergents to be around 2.5% during the forecast period of 2019 to 2025.  

"We also publish more than 100 reports every month in “Chemicals and Materials”, Go through the Domain if there are any other areas for which you would like to get a market research study."


Location: United States

Comments

Post a Comment

Popular posts from this blog

Soda Ash Market - Forecast(2021 - 2026)

Soda ash , also known as sodium carbonate or limestone, is an essential raw material used for the manufacturing of glass, chemicals, detergents, and various other industrial products. The glass industry is gaining strong traction across emerging economies on the back rapid construction across urban parts. Additionally, the chemicals and detergents industries are doing fairly well as well owing to increasing disposable income, which has incremented the sales of washing machines and mushroomed laundry services.  Request Sample Another major factors boosting the global soda ash market is the technological advancements in terms of extraction processes, namely room and pillar mining technique. Soda ash is extracted from trona and sodium carbonate decahydrate. The world’s largest deposit of trona is in the Green river basin of Wyoming where 47 billion tons of soda ash can be recovered from 56 billion tons of bedded trona. Underground room and pillar mining, using conventional and continues m
Read more

Plasticizers Market - Forecast(2021 - 2026)

Plasticizers   are organic compounds added to polymers to facilitate processing and to increase the flexibility and toughness of the final product by internal modification of the polymer molecule. Polyvinyl chloride (PVC)  accounts for 80-90% of world plasticizer consumption . Request Sample The main factor owing to the growth of this industry is growing consumption from industries like automotive industry, home appliances, electric wires and cables. Phthalates  accounted for 70% of the world consumption  of plasticizers in 2014, down from  approximately 88% in 2005  and are forecast to  account for 65% of world consumption  in 2020. This decline is due to the increasing concerns over environmental effects. Request Sample The plasticizers market has been segmented by type, application and geography exclusively. Based on the types of additives commercially available, the market is categorized widely into two categories, which are, phthalates and non-phthalates. Each type varies greatly
Read more

Industrial Hemp Market - Forecast (2021 - 2026)

Industrial Hemp Market is forecast to reach $19.7 billion by 2025, after growing at a CAGR of 28% during 2020-2025. Increasing legalization in the cultivation of industrial hemp, functional properties of hemp seed and hemp seed oil, and their rising use in various food applications, and increasing number of chronic diseases are the major factors driving the growth of industrial hemp market. Report Coverage The report:  “Industrial Hemp Market – Forecast (2020-2025)”,  by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Hemp Market. Key Takeaways Industrial hemp is rich in poly-saturated fats, amino acids omega-3,  poly-saturated fatty acids , omega-6,  dietary fiber , and plant-based protein. Hemp has the potential of healing tumors, reducing the chances of developing diabetes, and eases pain and stiffness, as well as chronic pain is a vital factor behind the rising demand. Request Sample Product - Segment Analysis The seeds segment is dominating the
Read more