The North and Latin America Surfactant Market, 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, Emulstion Polymerization, Foaming Agents, Lubricants and Fuel Additives, Plastics And Elastomers, Adhesives, Electroplating, and Others) - Industry Trends and Forecast to 2031.
North and Latin America Surfactant Market Analysis and Size
Positive outlook towards the consumption in food and beverages industry. It gives the opportunity for increasing demand for bio-based surfactant products. And has the challenge in environmental concerns related to the surfactants.
The North & Latin America Surfactant Market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
Data Bridge Market Research analyzes that the North & 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%.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD and Volume in Tons
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Segments Covered
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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, Emulstion Polymerization, Foaming Agents, Lubricants and Fuel Additives, Plastics and Elastomers, Adhesives, Electroplating, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Peru, Puerto Rico, Ecuador, Guatemala, Venezuela, Panama, and Rest of Latin America
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Market Players Covered
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Dow, BASF SE, Innospec, Sasol Ltd., Indorama Ventures Public Company Limited, SABIC, Sumitomo Chemical Co., Ltd., Lonza, Solvay, Ashland, Croda International Plc, 3V Sigma USA, Pilot Chemical Corp., GALAXY, Sino Lion USA,, Lankem, DKS Co. Ltd., FoglaGroup, ABITEC, Godrej Industries Limited, KLK OLEO, Reliance Industries Limited, Evonik Industries AG, Arkema, CLARIANT, Brenntag SE, Kao Corporation, The Lubrizol Corporation, Univar Solutions LLC., Nouryon, China Petrochemical Corporation, Aarti Industries Ltd., and ADEKA CORPORATION among others
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Market Definition
- 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.
North and Latin America Surfactant Market Dynamics
Drivers
- Positive Outlook Towards the Consumption in Food and Beverage Industry
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 global 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.
- Rising Demand for Surfactants in Personal Care and Hygienic Products
In the beauty and personal care industry, surfactants have varied applications such as foaming, cleansing, thickening, solubilizing, antimicrobial effects, penetration enhancement, and many other special effects. Their compatibility with oil and water is a key attribute of surfactant molecules that make them highly useful as cosmetic ingredients.
The increasing trend towards bio-surfactants for use in personal care products is expected to help in growth in the overall beauty and personal care surfactant market.
Opportunity
- Increasing Demand for Bio-Based Surfactant Products
Every person’s daily routine activities are dependent on the use of some kind of surfactants in one form or the other, including toothpaste, personal hygiene, cosmetic products, and other pharmaceutical by products. Most of these products contain surfactants as one of their active and major ingredients. The market for such products is huge, and the demand is ever-increasing. However, due to their non-biodegradable nature and ability to accumulate, there has been a requirement and increasing demand for replacement surfactants with bio-based and green surfactants. Such products are of microbial origin and are generally more environmentally friendly than conventional substrates.
Restraints/Challenges
- Difficulties in Determining the Ultimate Pricing of Product or Service
Natural surfactants are commonly derived from plant oils such as coconut and palm oils, from plant carbohydrates such as sorbitol, sucrose, and glucose, or from animal fats such as tallow. Synthetic surfactants are derived from petroleum-based feedstocks, which include crude oil. The primary synthetic feedstocks are ethylene, benzene, kerosene, and n-paraffin.
In surfactant production, raw materials account for over 65% of the total manufacturing cost. The cost of raw materials, especially vegetable oils such as palm oil, and castor oil among others, has been steadily increasing due to rising demand from other sectors such as food, feed, and biodiesel and shortage of raw materials. This increase in the cost of raw materials has affected the price of finished products and which affects the end consumers.
Recent Development
- In September 2023, Dow (introduced EcoSense 2470 Surfactant, offering customers a sustainable formulation solution by utilizing innovative carbon capture technology for the home care market. Developed in collaboration with LanzaTech Global, Inc. (Nasdaq: LNZA), a company specializing in transforming waste carbon into sustainable raw materials, this new surfactant supports a circular carbon economy without compromising on performance
- In June 2023, BASF SE announced plans to significantly increase its global production capacity for alkyl polyglucosides (APGs) through expansions at its Bangpakong, Thailand, and Cincinnati, Ohio sites. These dual expansions will enable BASF, the global market leader for APGs, to enhance its market position by offering faster and more flexible service to customers from regional supply points, while simultaneously minimizing cross-regional volume flows. The additional production capacities are slated to become operational in 2025
North and Latin America Surfactant Market Scope
The North & Latin America surfactant market is segmented into two notable segments based on substrate and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Substrate
- Synthetic Surfactant
- Bio-Based Surfactant
On the basis of substrate, the market is segmented into 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
- Emulstion Polymerization
- Foaming Agents
- Lubricants and Fuel Additives
- Plastics and Elastomers
- Adhesives
- Electroplating
- Others
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, emulstion polymerization, foaming agents, lubricants and fuel additives, plastics and elastomers, adhesives, electroplating, and others.
North and Latin America Surfactant Market Regional Analysis/Insights
The North & Latin America Surfactant Market is segmented into two notable segments based on substrate and application.
The countries in the North & Latin America Surfactant Market are U.S., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Peru, Puerto Rico, Ecuador, Guatemala, Venezuela, Panama, and Rest of Latin America.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North and Latin America Surfactant Market Share Analysis
The North & Latin America Surfactant Market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North & Latin America Surfactant Market
Some of the prominent participants operating in the North & Latin America surfactant market are Dow, BASF SE, Innospec, Sasol Ltd., Indorama Ventures Public Company Limited, SABIC, Sumitomo Chemical Co., Ltd., Lonza, Solvay, Ashland, Croda International Plc, 3V Sigma USA, Pilot Chemical Corp., GALAXY, Sino Lion USA,, Lankem, DKS Co. Ltd., FoglaGroup, ABITEC, Godrej Industries Limited, KLK OLEO, Reliance Industries Limited, Evonik Industries AG, Arkema, CLARIANT, Brenntag SE, Kao Corporation, The Lubrizol Corporation, Univar Solutions LLC., Nouryon, China Petrochemical Corporation, Aarti Industries Ltd., and ADEKA CORPORATION among others.
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