About this market
The increasing demand for bio-based anionic surfactants are expected to drive growth in the market. The growing awareness of environment protection is driving the demand for bio-based surfactants. The rising concern toward toxic effects of petroleum-based surfactants and increasing crude oil prices are driving growth in the bio-based anionic surfactants market. analysts have predicted that the anionic surfactants market will register a CAGR of over 5% by 2022.
Market Overview
Growth in personal care market
Growth of the personal care market will also drive the global anionic surfactants market during the forecast period. The high consumption of anionic surfactants in personal care application is attributed to the growing use of cosmetics and personal care products such as skin care, hair care, and baby care products.
Threat of substitutes
The global anionic surfactants market faces a threat from other substitutes such as cationic surfactants and amphoteric surfactants. Cationic surfactants and amphoteric surfactants are used for home care and industrial cleaning, personal care, and other applications such as food processing, oilfield, and agrochemicals, and thus, pose a threat of substitution for anionic surfactants.
For the detailed list of factors that will drive and challenge the growth of the anionic surfactants market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Solvay and Stepan Company the competitive environment is quite intense. Factors such as the growth of the personal care market and the increasing demand for bio-based anionic surfactants, will provide considerable growth opportunities to anionic surfactants manufactures. BASF, Clariant, DowDuPont, Evonik Industries, Solvay, and Stepan Company are some of the major companies covered in this report.