Anionic Surfactants Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the anionic surfactants market and it is expected to grow by $ 5.95 billion, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Anionic Surfactants Market: Key Trends to impact market growth
The growth in detergent market is one of the key anionic surfactants market trends. The detergents segment will account for the highest share in the anionic surfactants market because of the growing awareness of cleanliness among consumers. Along with the growth of population, there is a growing awareness about health and hygiene, rising urbanization, improving living standards, and wide availability of products. These are some of the driving factors for the detergent market growth in APAC. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Anionic Surfactants Market: Top Drivers to Boost Demand
The growth in institutional and industrial (I&I) cleaners is one of the primary factors driving the growth of the anionic surfactants market. The maintenance and cleanliness of the workplaces and other community places is essential as it directly affects the health and wellbeing of an individual. This will drive the demand for I&I cleaners which, will drive the demand for anionic surfactants as it is used as a raw material in I&I cleaners. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Anionic Surfactants Market: Top Drivers to Boost Demand: APAC to lead market growth
49% of the market growth will originate from APAC during the forecast period. China and India are the key markets for anionic surfactants in APAC. Market growth in this region will be faster than the growth of the market in other regions. The growing middle-class population and increasing disposable income will facilitate the anionic surfactants market growth in APAC over the forecast period. Growth in the detergent industry will drive the global anionic surfactants market during the forecast period. Anionic surfactants are used in laundry and dishwashing detergents due to their excellent cleaning properties.
Anionic Surfactants Market: Key Competitors
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., BASF SE, Clariant International Ltd., Croda International Plc, Dow Inc., Elkem ASA, Evonik Industries AG, Innospec Inc., Solvay SA, and Stepan Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Anionic Surfactants Market: Key Highlights of the Report for 2021-2025
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