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/

 

Comments

Post a Comment

Popular posts from this blog

Uninterruptible Power Supply Market Poised for Significant Growth Accelerated by Adoption of Renewable Energy Sources

Image
  Uninterruptible Power Supply Market  An uninterruptible power supply (UPS) is a power supply system designed to provide emergency power to a load when the input power source fails. UPS systems provide transient voltage protection from power surges and spikes and consistent power even under brownout conditions. They are most commonly used in data centers, telecommunication systems, medical equipment, industrial processes that require continuous operation, and other critical applications where power disruptions cannot be tolerated. The global uninterruptible power supply market is estimated to be valued at US$ 9.95 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.   Market Dynamics: The uninterruptible power supply market is expected to witness significant growth over the forecast period. This is mainly attributed to the rising focus on improving power reliability acro
Read more

Yacht Charter Market is Estimated to Witness High Growth Owing to Opportunity of Increasing Recreational Boating

Image
  Yacht Charter Market Yacht charter is the business of renting or leasing yachts and sailing boats for pleasure and touring. Yachts are primarily used for entertainment of guests, luxury experience, and recreational enjoyment. Large yachts come equipped with various amenities such as ocean-view staterooms, gourmet galley kitchens, lavish lounges and sundecks. Some of the popular uses include dinners, parties, family trips, weekend getaways, and corporate events. The global yacht charter market is estimated to be valued at US$ 68809.83 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.   Market Dynamics: The global yacht charter market is witnessing high growth owing to the rising popularity of luxury yachts among high-net-worth individuals as a preferred leisure activity. Yacht charters allow individuals to experience the luxury lifestyle without the steep costs associ
Read more

The Global Switchgear Market Growth Accelerated By Increased Demand For Switchgear From Renewable Energy Sector

Image
Switchgear Market   Switchgear equipment are devices consisting of circuit breakers, fuses or any other associated equipment used for operating, isolating, protecting and managing electricity distribution in an electrical power system. These equipment are used in transmission and distribution systems to control the flow of power and limit electrical currents. They protect circuits and equipment in the system by limiting electrical currents to safe levels in the event of a short circuit or any sudden overloading. The growing demand for ensured power supply across manufacturing industries and commercial spaces has been driving increased adoption of switchgear.   The global switchgear market is estimated to be valued at US$ 127.13 Mn in 2024 and is expected to exhibit a CAGR of 4.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.   Market Dynamics: One of the key drivers for the growth of the switchgear market has be
Read more