How Surfactant Use is Expanding in Commercial Cleaning
According to a recent report conducted by Allied Market Research, the surfactants market was valued at $37.6 billion in 2022 and is estimated to reach $59.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.7 percent from 2023 to 2032.
The global surfactants market is driven by rise in demand for eco-friendly surfactants. Changing consumer preferences, such as increase in demand for eco-friendly and sustainable products, influence the formulation of products that use green or bio-based surfactants. Consumers are increasingly conscious of environmental impact. This has led to surge in demand for eco-friendly surfactants derived from natural sources or made using sustainable processes.
By feedstock, the synthetic surfactants segment accounted for the largest share in 2022, contributing to three-fifth of the global surfactants market revenue. Synthetic surfactants are integral components of many cleaning products, including laundry detergents, dishwashing liquids, surface cleaners, and personal care items like shampoos and body washes. As household and personal hygiene practices continue to evolve and expand, the demand for such products rises.
Moreover, the industrial and institutional cleaning sector, including cleaning services, healthcare facilities, and food processing industries, relies heavily on synthetic surfactants to maintain cleanliness and hygiene.
Region-wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than three-seventh of the global surfactants market and is projected to register the highest CAGR of 5.1% during the forecast period. The Asia-Pacific region is a major hub for the surfactants market, with significant growth potential. Growing population, urbanization, and industrialization contribute to increase in demand for surfactants across various sectors in the region. Furthermore, rapid industrialization and urbanization have resulted in a growing need for cleaning products, personal care items, and industrial chemicals, all of which rely on surfactants.
Read more on the growth and capabilities of surfactants here.