Low Foam Surfactants Market

Low Foam Surfactants Market Size and Growth 2023-2028

Low Foam Surfactants Market size is predicted to reach USD 31.6 billion by 2028 from USD 179.5 billion in 2022, progressing at a compound annual growth rate of about 8.2%.

The increasing demand from end-user industries and the need for greener and more sustainable products is majorly promoting the global low foam surfactants market. The Asia Pacific and South American regions are supposed to offer immense growth opportunities for this business because of increasing knowledge related to cleanliness in the industries, institutes, and corporate and government offices. The increasing growth is observed in the fastest-growing economies like China, India, and Brazil.

• The development of bio-based surfactants is assumed to create new opportunities.

• The strong washing performance and reduced foaming of detergents and cleaning agents are likely to develop as a prominent end-user segment in the worldwide market.

• The Asia-Pacific region represents the largest market share owing to the usage of nations like China, India, Japan, and others.

Impact of COVID-19 on the Low Foam Surfactants Market:

The COVID-19 pandemic has directly affected the production and demand in the global low foam surfactants market, creating supply chain disruption and a huge financial impact on firms and financial markets. Coronavirus has spread to almost a hundred countries around the globe and then WHO declared it a public health emergency this also had a great effect on the Low Foam Surfactants market in 2020.

Drivers and Restraints in the Low Foam Surfactants Market:

• The development of the end-client enterprises and expanding the requirement for greener and more manageable surfactants.

• The interest is evaluated to flood from APAC and South American areas because of expanding mindfulness for cleaning and tidiness in the businesses, organizations, and different corporate and government offices.

• The wide scope of uses, including family unit cleaners, hard surface cleaners, and modern procedures in non-ionic surfactants is more utilized.

Opportunities in the Low Foam Surfactants Market:

• The market growth is contributing to the high demand from sectors like home & personal care and agrochemical

• Both the developed and developing nations after the opportunity for the low foam surfactants market

• The growth of application areas offers a lucrative opportunity for market players in the next 5 years (2020-2024).

Recent Developments

• Based in Antwerp, Belgium, BASF SE (Germany) pursued a capacity expansion of the ethylene oxide complex in July 2018. The project includes capacity expansions in the process of adding facilities of a similar type for ethylene oxide and various downstream derivatives, like surfactants.

• Huntsman Corporation (US) and Clariant AG (Switzerland) declared the sign of a contract to develop a joint venture 

• In May 2017, AkzoNobel and Atul Limited together in 2016 agreed to start the production of monochloroacetic acid (C2H3ClO2) (MCA). The production in the plant is predicted to start in 2019. The strategy helps the company to intensify, increase, or further improve its position in the Asia Pacific market.

LOW FOAM SURFACTANTS MARKET REPORT COVERAGE:

Market Segmentation

Low Foam Surfactants Market - By Material Type:

• Non-ionic

1. Alcohol Ethoxylates

2. EO/PO Copolymers

• Amphoteric

• Cationic

Based on type, the non-ionic segment is predicted to hold the highest compound annual growth rate of the global low foam surfactants market in the forecast period. Besides, the growth of this segment is supported by the governments undertaking green initiatives. The extra use of non-ionic surfactants in a large basis application, including household detergents, hard surface cleaners, and industrial processes also promotes its demand. 

Low Foam Surfactants Market - By Application:

• Home & Personal Care

• Agrochemicals

• Oil Field Chemicals

• Textiles

• Metal Cleaning

• Paints

• Pulp & Paper

• Cement

The demand for home and personal care products is predicted to operate in a considerable way in the outlook period in the low foam surfactants market.

Low Foam Surfactants Market – By Region:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa 

The Asia Pacific has highly popular countries like China and India, and the major demand for surfactants is assumed to be from these economies because of the changing lifestyle and rising consumer awareness regarding their personal cleanliness it will help to boost the demand for growth in Low Foam Surfactants Market. Over the estimated period, In Asia Pacific, China is assumed to account for the largest portion of surfactants and will continue its dominance in the coming years. A major change in lifestyle and a larger amount of demand for the application of the product is boosting the business, especially in China and India. The increasing social security charges, availability to the spent, and purchasing power of the customer are helpful for the growth, which it converts into increased demand.

The region is also estimated to produce a lucrative market for personal care products, polyurethane foams, agrochemicals, etc., which are the main objective for the growth of the Low Foam Surfactants Market. India is among the largest producers of soaps in the world. Around 65% of the Indian population has a permanent home in a particular place in rural areas, and the increasing disposable incomes and growth in rural markets are making consumers shift to the best way to position a product as a premium brand.

Low Foam Surfactants Market- Key Market Players:

• AkzoNobel N.V. (Netherlands),

• BASF SE (Germany),

• Clariant AG (Switzerland),

• Evonik Industries AG (Germany),

• Croda International plc (UK),

• Stepan Company (US),

• Huntsman Corporation (US),

• Kao Corporation (Japan),

• Galaxy Surfactants (India),

• anOxiteno SA (Brazil)