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The global surfactant market has been forecast to see consumption revenue increase at a compound annual growth rate (CAGR) of 6.19% over the next five years, increasing from a valuation of $27,040 million in 2012, to reach a market value of $36,518 million by 2017.
Surfactant is a term derived from contraction of the terms 'Surface Active Agents'. These are a group of amphiphilic organic compounds which help to lower the surface tension of a liquid or interfacial tension between two liquids. These usually act as a detergents or wetting agents or emulsifiers or foaming agents.
The wetting and penetration effect, emulsification, dispersion, foaming, detergency, conditioning, and substantivity are some of the important properties of surfactants due to which these are widely used across different industries.
As of 2012, the European region is estimated to be the largest consumer of surfactants and will remain the top consumer through to 2017.
North America is the second largest surfactant consumer in 2012, while Asia-Pacific is predicted to be the third largest surfactant consumer. The trend is predicted to change by 2017, where the Asia-Pacific region would be the second largest consumer of surfactants, which would be pursued by North America as the third largest surfactant consuming region.
Hazardous environmental impacts, eco-friendly tag of bio-based surfactants might lead to slow growth of synthetic surfactants in the future. However, broadened application areas of surfactants across all industries, and easy availability of synthetic surfactants would keep them in demand in the near future.
Demand within the global surfactant market in the near future will depend on certain factors such as increased applications areas and increasing demand from various industrial segments, newer/alternative products with compatible price range, substrate availability, environmental laws and regulations, increasing surfactant consumption in developing countries, and increasing awareness towards eco-friendly products.
For more information on the global surfactant market, see the latest research: Global Surfactant Market
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