The personal care industry is expanding due to high demand for cosmetics and personal care products, owing to changing lifestyles, rising urbanization, increasing working women population, and growing awareness concerning skin care and hygienic products.
The global low foam surfactants market is primarily dominated by chemical surfactants derived from petrochemical or oleochemical sources. However, surfactant manufacturers and various governments are aiming to shift toward renewable and sustainable products due to rising concerns regarding the safety of the environment and human health.
Moreover, growth of the global low foam surfactants market is majorly driven by their superior characteristics such as foaming & foam stability, emulsification, wetting, and dispersion. Extensive use of these surfactants in pigment stabilization, which is used in coating formulations for automotive, industrial, and architectural paints, is, in turn, projected to fuel market growth over the forecast period.
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- Kiekert AG
- Inteva Products LLC
- Aisin Seiki Co. Ltd.
- Magna International Inc.
- WITTE Automotive GmbH
- Brose Fahrzeugteile GmbH & Co. KG
- U-Shin Ltd
- Shivani Locks Private Limited
- MITSUI KINZOKU
Rising Demand for Non-ionic Surfactants to Propel Sales
Non-ionic surfactants can be used in different temperatures without agreeing on functionality. Therefore, these surfactants are commonly preferred across geographies. Furthermore, various governments supporting eco-friendly initiatives are expected to propel market growth for non-ionic surfactants.
Increasing deployment of non-ionic surfactants in a wide range of applications, including hard surface cleaners, industrial processes, and household detergents, is estimated to augment the growth of this segment.
Reducing dependence on crude oil, and high prices and supply fluctuations of petrochemical products are likely to amplify the demand for non-ionic surfactants over the forecast period.
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Low Foam Surfactants Market: Structure Analysis
The low foam surfactants market is highly fragmented, owing to a large number of regional/local and global players. Expansion of production capacities and product innovations across the value chain has proved to be a key strategy adopted by these players in the market.
Evonik Industries AG, BASF SE, AkzoNobel N.V., and Croda International plc, among others, are some of the key players representing a prominent market share in the global low foam surfactants market.
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APAC to Emerge as Highly Attractive Market through 2027
Rapid industrialization, along with expansion of the plastic industry, is thriving market growth in APAC. Changing lifestyles of consumers and rising disposable income are playing a key role in pushing the growth of low foam surfactants market in APAC.
Moreover, China is estimated to emerge as a prominent market for low foam surfactants, owing to its fast-growing end-use industries. Market growth is also being propelled by the surging demand for bio-based surfactants and personal care products. In addition, major countries such as Japan, South Korea, and China are estimated to generate noteworthy growth opportunities for low foam surfactants in the near future.
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The global low foam surfactants market is expected to reach a valuation of US$ 15 Bn in 2019, expanding at a noteworthy CAGR of around 6% over 2019 - 2027. APAC is projected to account for a prominent market share, which is why this is a region players can look to for increased profits. The home & personal care segment is expected to dominate the global low foam surfactants market throughout the forecast period.
Key Segments of Low Foam Surfactants Market
PMR’s study on the low foam surfactants market is divided into three significant segments – product type, application, and region, for the better understanding of the readers. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories in the low foam surfactants market space.
Key Questions Answered in PMR’s Low Foam Surfactants Market Report
- Which regions will continue to remain the most profitable markets for players in the low foam surfactants market?
- Which factors are anticipated to induce changes in the demand for low foam surfactants during the assessment period?
- How will changing trends impact the low foam surfactants market?
- How can low foam surfactants market players leverage opportunities in developed regions?
- Which companies are leading the low foam surfactants market?
- What are the winning strategies used by key players to improve their position in the low foam surfactants market?