Anionic Surfactants Market is Estimated to Witness High Growth Owing to Increasing Demand from Personal Care and Home Care Products

 

Anionic Surfactants Market

Market Overview: 

The global Anionic Surfactants Market is estimated to be valued at US$ 20.94 Bn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Anionic surfactants are chemical compounds that have hydrophilic head and a hydrophobic tail. They are widely used in household detergents, personal care products such as soaps, shampoos, and toothpastes due their strong cleaning abilities. They interact with oil and grease allowing easy removal of dirt from surfaces.

 Market key trends:

One of the key trend driving the growth of anionic surfactants market is increasing usage in automotive industry. Anionic surfactants are increasingly being used by automotive OEMs and manufacturers of car care products such as car wash liquids, waxes and polishes. They help in effectively removing dirt, road tar, bird droppings and other contaminants from car exterior without causing any damage to paintwork or leaving behind water spots. Their strong degreasing properties make them suitable for usage in engine degreasing sprays and other automotive cleaning applications.

Segment Analysis

The global anionic surfactants market is segmented into alkyl sulfates, alkyl benzene sulfonates, alkyl carboxylates, and others. Among these, the alkyl sulfates segment dominated the global market in 2022 and is expected to maintain its dominance during the forecast period. Alkyl sulfates are widely utilized in personal care products such as shampoos, shower gels, hand wash, etc. due to excellent cleaning properties. Growing personal care industry is fueling the demand for alkyl sulfates globally.

 Key Takeaways

The Global Anionic Surfactants Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing demand from personal care and home care industries. The global anionic surfactants market size is expected to reach US$ 20.94 Bn in 2023.

 Regional analysis

Asia Pacific is anticipated to be the fastest-growing region for anionic surfactants market during the forecast period. Countries like China and India offer significant growth opportunities owing to growing personal care industry in the region. North America is expected to hold a dominant market share owing to the increasing usage of anionic surfactants in industries like oil & gas and construction in the US.

 Key players

Key players operating in the anionic surfactants market are AkzoNobel (Netherlands), BASF (Germany), Clariant (Switzerland), DowDuPont (US), and Evonik (Germany). AkzoNobel and BASF are the market leaders and together account for over 35% share of the global anionic surfactants market.

Get More Insights

https://www.trendingwebwire.com/anionic-surfactants-market-size-share-growth-outlook-2023/

 

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