Feb 23,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Low Foam Surfactants Market.
It was estimated prior to this unanticipated outbreak that the Low Foam Surfactants Market was expected to grow at a CAGR of 5.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Low Foam Surfactants are the surface-active agents and generally used in cleaning detergents. The surfactants speed up the activity on the surface that helps in removing the dirt that is trapped on the surface.
Low Foam Surfactants are of different types, such as non-ionic, amphoteric, and cationic, that are used in various end-use industries, such as home & personal care, agrochemicals, oil field chemicals, textiles, paints, pulp & paper, cement, and metal cleaning.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the market is segmented as non-ionic, amphoteric, and cationic. The non-ionic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of non-ionic in household detergents, hard surface cleaners, and industrial processes is driving the growth of this segment. Non-ionic surfactants can be used in a variety of temperatures without compromising on their functionality.
Based on the end-use industry type, the low foam surfactants market is segmented as home & personal care, agrochemicals, oil field chemicals, textiles, paints, pulp & paper, cement, and metal cleaning. The home & personal care industry segment dominates the market as low foam surfactants are one of the essential ingredients required for detergents, cleaning products, skin care, hair care, ointments, gels, creams, and other cosmetic products.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing low foam surfactants market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as home & personal care, agrochemicals, oil field chemicals, textiles, paints, pulp & paper, cement, and metal cleaning, which is generating huge demand for low foam surfactants and the presence of a large number of low foam surfactant manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major low foam surfactant manufacturers are-
Croda International plc
Evonik Industries AG