02.07.17
The Asia Pacific surfactants market is expected to post a CAGR of 5% to reach $6.3 billion by 2024, according to a new report by Transparency Market Research. In the study, TMR notes that the Asia Pacific surfactants market is highly fragmented due to the presence of several players with small shares. The nonionic surfactants segment is expected to show remarkable progress in the coming years. By the end of 2024, the non ionic surfactants segment is expected to acquire a share of 34.2% in the overall market. The rising application of these surfactants in sectors such as oilfield chemicals, chemicals, textiles, and agrochemicals are expected is expected to drive the growth in the coming years.
An assessment of the competitive landscape by Transparency Market Research states that the entry for new players is relatively difficult. To remain ahead of the competition key players are expected to focus on product innovation. Development of bio-based surfactants also remains underway as several manufacturers are noticing the demand for safer raw materials for personal care products. Some of the leading players in the market are The Dow Chemical Company, Archer Daniels Midland Company, Akzo Nobel N.V., and Galaxy Surfactants Limited.
An assessment of the competitive landscape by Transparency Market Research states that the entry for new players is relatively difficult. To remain ahead of the competition key players are expected to focus on product innovation. Development of bio-based surfactants also remains underway as several manufacturers are noticing the demand for safer raw materials for personal care products. Some of the leading players in the market are The Dow Chemical Company, Archer Daniels Midland Company, Akzo Nobel N.V., and Galaxy Surfactants Limited.
