Global Surfactants Market: Key Highlights
Global Surfactants Market: Key Market Dynamics
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Global Surfactants Market: Regional Overview
Asia-Pacific is expected to account for the largest share in the global surfactants market during the forecast period, owing to high demand for surfactants from major end-use industries such as paints & coatings, personal care & cosmetics, agrochemicals, household cleaners, and textiles, among others. The growth of these industries in the Asia-Pacific region can be attributed to increasing disposable income and high standards of living are projected to propel the market demand during the forecast years. Presence of major agricultural countries such as India, Malaysia, Thailand, and others are fueling the demand for the product in the agrochemicals industry.
The North America surfactant market is projected to witness significant growth during the forecast period. This growth can be attributed to increasing usage of bio-surfactants and abundant availability of raw materials. Moreover, the rising demand for personal care products and increased usage of surfactant in the detergent industry are expected to drive the market.
Global Surfactants Market: Key Players Overview
Nouryon is engaged in the manufacturer and supplier of specialty chemicals for the agricultural, pulp, paper, electronics, personal care, and food sectors, many others. The company operates three business segments namely, performance formulations, technology solutions, and industrial chemicals. Through these segments, the company offers cellulosics, salt, organic peroxides, chlor-alkali, bleaching chemicals, expandable microspheres, and surfactants products to various end-use industries. In August 2019, Nouryon has increased its production capacity of surfactants plant in Stenungsund, Sweden. the company has invested more than USD 13 million for expansion and upgrade project includes the installation of a new reactor and is expected to be completed by the first quarter of 2021.
BASF SE is one of the leading chemical company across the globe. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. in October 2019, the company launched Texapon SFA and Dehyton SFA surfactants.
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