Press Release

Jul, 18 2024

Positive Outlook Towards the Consumption in Food and Beverage Industry is expected to Drive the Growth of North and Latin America Surfactants Market

Surfactants, short for surface-active agents, are molecules that exhibit both hydrophilic (water-attracting) and hydrophobic (water-repelling) properties. These compounds play a crucial role in reducing surface tension between liquids and solids or liquids and gases. In various industries, surfactants are employed to stabilize emulsions, enhance the wetting and spreading of liquids, and facilitate the removal of dirt or oil from surfaces. Their ability to alter interfacial properties makes surfactants integral in applications ranging from household cleaning products to pharmaceutical formulations and industrial processes. Overall, surfactants contribute to the efficiency and effectiveness of diverse liquid systems by modifying their surface and interfacial characteristics.

Access Full Report @ https://www.databridgemarketresearch.com/pt/reports/north-and-latin-america-surfactant-market

Data Bridge Market Research analyses that the North and Latin America Surfactant Market is expected to reach USD 2,690,354,162.70 by 2031 from USD 2,051,334,460.19 in 2023, growing with CAGR of 3.49%.

Key Findings of the Study

North and Latin America Surfactants Market

Positive outlook Towards the Consumption in Food and Beverage Industry is Expected to Drive the Market Growth

The growing population coupled with changing lifestyles has created and increased the demand for food necessities for the people, and the food and beverages industry are responding to this increased demand with innovative and new products. Surfactants are widely used as emulsifiers which are essential for the creation and stabilization of the food structure. In addition, with the growing awareness about healthy food, people are inclined towards organic food, which is leading to the demand for bio-surfactants that have high biodegradability, lower toxicity, and are active at extreme temperatures. These reasons are expected to collectively boost the demand for surfactants from the food and beverages industry.

The North & Latin America food processing industry is one of the largest markets for specialty surfactants. The industry is mature and is one of the largest producers and consumers of meats, processed foods, beverages, dairy products, baked goods, candy, snack foods, frozen foods, fats, and oils.

The rapidly increasing food and beverage industry is boosting the demand for surfactants as they are used during the production of various food and beverage products such as salad dressings, mayonnaise, desserts, and in bakeries and breweries. Thus, the positive outlook towards the consumption in food and beverage industry is driving the market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD and Volume in Tons 

Segments Covered

Substrate (Synthetic Surfactant and Bio-Based Surfactant), Application (Household Soaps and Detergents, Personal Care, Textile Processing, Industrial and Institutional Cleaning, Mining, Pharmaceuticals, Paints & Coatings, Oilfield Chemicals, Food Processing, Agricultural Chemicals, Pulp & Paper, Leather Manufacturing, Emulsion Polymerization, Foaming Agents, Lubricants and Fuel Additives, Plastics And Elastomers, Adhesives, Electroplating, and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Peru, Puerto Rico, Ecuador, Guatemala, Venezuela, Panama, and Rest of Latin America

Market Players Covered

Dow (U.S.), BASF SE (Germany), Sasol Ltd. (U.S.), Evonik Industries AG (Germany), KLK OLEO (Malaysia), Indorama Ventures Public Company Limited (Thailand), Kao Corporation (Japan), Reliance Industries Limited (India), Arkema (France), Godrej Industries Limited (India), CLARIANT (Switzerland), China Petrochemical Corporation (China), Innospec, Brenntag SE (Germany), Aarti Industries Ltd. (India), ADEKA CORPORATION (Japan), Nouryon (Netherlands), Univar Solutions LLC. (U.S.), The Lubrizol Corporation (U.S.), Lonza (Switzerland), SABIC (Saudi Arabia), Sumitomo Chemical Co., Ltd. (Japan), Solvay  (Belgium), Croda International Plc (U.K.), Ashland (U.S.), GALAXY (India), 3V Sigma USA (U.S.), Lankem (U.K.), DKS Co. Ltd. (Japan), Pilot Chemical Corp. (U.S.) FoglaGroup (India), Sino Lion USA (U.S.), and ABITEC (U.S.)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis

The North & Latin America surfactants market is segmented into two notable segments based on, substrate and application.

  • On the basis of substrate, the market is segmented into synthetic surfactant and bio-based surfactant

In 2024, the synthetic surfactant segment is expected to dominate the North and Latin America Surfactants Market

In 2024, the synthetic surfactants segment is expected to dominate the North America market with a 81.27% market share and Latin America market with a 80.93% market share and as they are engineered to have specific properties, making them suitable for a wide range of applications in industries such as cleaning, personal care, and agriculture.

  • On the basis of application, the market is segmented into household soaps and detergents, personal care, textile processing, industrial and institutional cleaning, mining, pharmaceuticals, paints & coatings, oilfield chemicals, food processing, agricultural chemicals, pulp & paper, leather manufacturing, emulsion polymerization, foaming agents, lubricants and fuel additives, plastics and elastomers, adhesives, electroplating, and others

In 2024, the household soaps and detergents segment is expected to dominate the North and Latin America Surfactants Market

In 2024, the household soaps and detergents segment is expected to dominate the North America market with a 29.60% market share and dominate the Latin America market with a 30.29% market share because rising demand for surfactants in personal care and hygienic products. 

Major Players

Data Bridge Market Research analyses Dow (U.S.), BASF SE (Germany), Sasol Ltd. (South Africa), Innospec (U.S.) Indorama Ventures Public Company Limited (Thailand) as major market players in this market.

North and Latin America Surfactants Market

Market Developments

  • In January 2024, Evonik Industries AG developed the first product from its industrial-scale plant for sustainable biosurfactants in Slovakia, which was finished ahead of time. The new facility is the world's first to create sustainable rhamnolipid biosurfactants. Evonik Industries AG rhamnolipids are of extraordinarily high quality, and the company IP-protected, fermentation-based manufacturing process gives it a distinct market advantage
  • In January 2024, Evonik Industries AG won the European Responsible Care Award for their sustainable glycolipid biosurfactants. Evonik received the "Safe and Sustainable Chemicals" award for its revolutionary glycolipid technology. Evonik offers a well-established range of glycolipid biosurfactants and was the first to respond to the growing market need for commercial quantities of sustainable, high-performance rhamnolipid biosurfactants
  • In October 2023, Sasol Chemicals, a business unit of Sasol Ltd., announced the launch of CARINEX and LIVINEX, two brands that will broaden Sasol's sustainable product portfolio. CARINEX SL and LIVINEX SL, both biosurfactants, are the first products available under these new trademarks
  • In October 2023, Ashland introduced the Easy-Wet substrate wetting agents, a new class of silicone-free, high-performance oligomeric alkyl polyether polyols designed for premium industrial coating applications. This enables the firm to produce game-changing innovations for the coating sector
  • In January 2023, Holiferm Limited and Sasol Chemicals, a commercial company of Sasol Ltd, established a cooperation to develop and market rhamnolipids and mannosylerythritol lipids (MELs). This agreement builds on the partnership established by the two firms in March 2022 to develop and commercialize another biosurfactant product, sophorolipids. Sasol and Holiferm will create and commercialise formulations and uses for the novel compounds

Regional Analysis

Geographically, the countries covered in the North America & Latin America Surfactants market are U.S., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Peru, Puerto Rico, Ecuador, Guatemala, Venezuela, Panama, and rest of Latin America.

As per Data Bridge Market Research analysis:

North America is expected to highest growing region in North and Latin America Surfactants Market

North America is expected to dominate the market as they are engineered to have specific properties, making them suitable for a wide range of applications in industries such as cleaning, personal care, and agriculture.

For more detailed information about the North & Latin America surfactants market report, click here – https://www.databridgemarketresearch.com/pt/reports/north-and-latin-america-surfactant-market


Client Testimonials