Surfactants Market Analysis
The surfactants market is set to witness a spend growth of more than USD 10 billion with spend momentum to accelerate at a CAGR of over 5% between 2019-2024. This spend growth will be primarily attributed to the increase in the demand for sulfate-free personal care products. High disposable incomes in the emerging countries are inviting more consumers spend on personal care products. This, in turn, is favoring spend growth in the surfactants market. However, the growing environmental concerns over pollution post the production and use of surfactants are exerting negative impacts on the prospects of growth in the surfactants market.
Top Spending Regions in the Surfactants Market
The increase in demand for bio-based surfactants and household cleaning products will drive spend momentum in the surfactants market across the key geographies during the forecast period.
The United States
Buyers are exhibiting high demand for a range of household cleaning products which includes kitchen cleaners, floor cleaners, and fabric care products. According to industry estimates, the household cleaning segment in the US will continue to grow during the forecast period and will contribute to spend growth in the surfactants market in this region.
Europe
The high demand for household and industrial cleaning products will result in an increase in the demand for surfactants in Europe. A rise in demand for organic personal care products and cosmetics and a high demand for bio-based surfactants will propel spend momentum in the surfactants market in this region during the forecast period.
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What are the Key Price Trends in this Market?
- The imposition of hiked import duties on Chinese products by the US will increase the price in the surfactants market. The increase in the cost of non-ionic surfactants, such as Lutensol, Plurafac, Pluronic, Emulan, Degressal, and Dehydol in Europe, the Middle East, and Africa will also contribute to price growth.
- Consumer's growing preference towards bio-based surfactants is compelling suppliers to invest significantly in technological advancements and innovations, thereby increasing their operating costs.
- The volume-based pricing model is the most widely adopted pricing models in the surfactants market. This model protects buyers against the dynamic nature of the market prices of raw materials as they can fix the price over the period of the contract.
Download the free sample of this report to know what the key surfactants procurement best practices that you must adopt to address price dynamism in this market.
Insights Offered in this Surfactants Market Report
- Global and regional spend potential for the surfactants market for the period of 2019-2024
- Supplier relationship management practices in the surfactants market
- Supplier margins and selection criteria in the surfactants market
- Top surfactants service providers and their cost structures
- Top surfactants service providers in the US and their cost structures
- Surfactants market spend analysis in the US
- Surfactants price trends, and forecasts
- Cost drivers influencing the surfactants prices
Insights into Surfactants Supply Market
- The supply market is growing rapidly due to various factors. Various large-scale suppliers that operate in countries such as China offer a high scope for expansion and technology adoption. According to industry experts, around 8 of the top 10 chemical companies are likely to be from APAC or the Middle East by 2030
- The surfactants market will witness consolidation, mainly in APAC, where countries such as India and China are expected to continue to be hubs for M&A activities. This will lead to high competition in this region during the forecast period
- Buyers are advised to collaborate with surfactants suppliers to assist them in surfactant formulation selection. This will help buyers avoid additional costs that may arise due to high replacement rates.
Insights into Some of the Leading Surfactants Suppliers
The supply market dynamics hint at a substantial hike in service providers' OPEX which will drive the buyer's procurement spend. Keeping such dynamics in mind, strategic selection of suppliers and maintaining an effective supplier relationship management are observed to facilitate buyers with optimized procurement expenditure and better category management in the surfactants market. This surfactants market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies for the top surfactants suppliers. The top surfactants service providers highlighted in this report include:
- Akzo Nobel NV
- Evonik Industries AG
- Clariant International Ltd.
- BASF SE
- Solvay SA
- Exxon Mobil Corp.
Criteria to select service providers in this dynamic surfactants market is subject to change based on the day-to-day market outlook. Get a free demo of our procurement platform to gain immediate access into real-time insights to the changing service providers selection criteria.
