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. Request Sample India is the largest generic drugs provider in the world with a constantly growing pharmaceutical industry. Moreover, India is also one of the leadi...