Amphoteric Surfactants Market Size to Surpass US$ 6.48 Billion by 2027, Reveals a MarketsandMarkets™ Research Report
The amphoteric surfactants market is expected to grow from USD 3.52 billion in 2018 to USD 4.94 billion by 2023, at a CAGR of 7.0% between 2018 and 2023. The market has been segmented based on type, application, and region. Based on type, the amine oxide segment of the market is projected to grow at the highest CAGR, in terms of value and volume between 2018 and 2023. The growth of the amine oxide segment of the amphoteric surfactants market can be attributed to the increased demand for amphoteric surfactants from the home care and Industrial & Institutional (I&I) cleaning applications.
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Amphoteric surfactants have both, positive and negative functional groups (moiety) attached in the same molecule. The cationic part contains primary, secondary, or tertiary amines while the variable anionic group can have sulfonates or phosphates. Amphoteric surfactants are optimum in their action at neutral pH and hence, are mainly used in the personal care products. Betaine is the widely consumed amphoteric surfactant, globally due to its low cost and wide application range.
Based on application, the home care & I&I cleaning segment of the amphoteric surfactants market is projected to grow at the highest CAGR in terms of both, value and volume between 2018 and 2023. The increasing spending power of the middle-class population and rising demand for home care products are driving the growth of the home care and I&I cleaning segment of the amphoteric surfactants market across the globe.
The Asia Pacific amphoteric surfactants market is projected to grow at the highest CAGR in terms of both, value and volume, between 2018 and 2023. Increasing disposable income of the middle-class population in emerging economies of the Asia Pacific region, coupled with the flourishing personal care industry make the region an attractive market for amphoteric surfactants. Growing demand for personal care and hygiene products in the region are also leading to high consumption of amphoteric surfactants in this region.
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The key players operating in the amphoteric surfactants market include AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Croda (UK), Evonik Industries AG (Germany), Lonza (Switzerland), the Lubrizol Corporation (US), Oxiteno SA (Brazil), Solvay (Belgium), and Stepan Company (US).
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