North America Surfactants Market

North America Surfactants Market Size-(2023-20208)

North America Surfactants Market size was around USD 14.15 billion in 2022. It is expected to grow at 6.3% CAGR to reach USD 17.35 billion by 2028.

Surfactants are compounds that reduce surface tension between two liquids or gas and liquid or liquid and solid. Surfactants may be used as detergents, wetting agents, emulsifiers, foaming agents, and dispersants. Surfactants have both hydrophilic (Head) and hydrophobic (Tail) groups, hence are amphiphilic in nature. The water-insoluble oil particles are trapped between the surfactant molecules forming a sphere-like structure, known as a micelle, with heads on the outside and a long chain of tails attached to the oil particles inside the micelle.

Market Segmentation:

On the basis of Type

• Anionic
• Cationic
• Non-Ionic
• Zwitterion.

On the basis of the Application

• Personal care
• Detergents
• Textiles
• Crop Protection
• Food & Beverage
• Elastomers & Plastics
• Cosmetic Products
• On the basis of substrate

Non-Ionic Surfactants are widely divided into Ethoxylates, Amine Oxides, Sulfoxides, Phosphine Oxides, and Fatty acid esters of polyhydroxy compounds. The major application of surfactants is personal care as they are an important ingredient in ointments, gels, creams, skin products, and hair products. Due to the increasing demand for personal care in the world, there is good scope for the surfactant market to flourish in the coming future. Synthetic surfactants are derived from crude oil. Bio-based surfactants are prepared from palm oil and animal fats.

North America Surfactants Market Geographical Analysis:

• In view of the region, the North America Surfactants Market has been fragmented into countries like the United States and Canada. North America had the largest percentage of surfactants market share in 2018. However, moderate CAGR shows an average growth in the market in this region when compared to the rest of the world.
• Increasing demand for personal care products in the world is the driving factor in this market. However, strict regulations imposed by government agencies on the production of surfactants slow the pace at which the market expands.

North America Surfactants Market key players:

• Akzo Nobel N.V,
• Air Products and Chemicals,
• BASF SE,
• Clariant AG,
• E. I. DuPont de Nemours & Co

Impact of COVID-19 on the North America Surfactants Market:

COVID-19 has exposed severe challenges for the surfactants market by impacting the respective end-user verticals. Major economies of North America have registered an impact due to the pandemic. However, the surfactant market saw substantial growth in this period owing to the increased sanitation activities which became mandatory in almost all working places. In addition to this, increased awareness of personal hygiene and self-care products boosted the demands during this period. More investments are being made towards bio-based surfactants to reduce the harmful environmental effects of their synthetic counterparts. Post the pandemic, the market is expected to grow at a similar rate if not more at a CAGR of 3-4%.