Surfactants Market Size, Development, Key Opportunity, Application and Forecast to 2027 |
Posted: July 1, 2021 |
The global surfactants market share is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period. The growing awareness about personal health and hygiene will spur lucrative growth opportunities for the market, states Fortune Business Insights, in a report, titled “Surfactants Market Size, Share & Industry Analysis, By Type (Anionic, Nonionic, Cationic, and Amphoteric), By Application (Home Care, Personal Care, Textile, Food & Beverages, Industrial &Institutional Cleaning, Plastics, and Others), and Geography Forecast, 2020-2027.” The surfactants market growth stood at USD 44,157.4 million in 2019 and is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period.
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Market Driver:
Rising Demand for Home Care Products to Augment Growth
The increasing application of surfactants in homecare, textiles, and food & beverage industries will have an outstanding impact on the global market. The escalating need for home care products among the urban population will bolster the healthy growth of the market in the forthcoming years. The increasing consumer consciousness towards hygiene owing to the spread of various diseases and viruses can subsequently aid the expansion of the market. Products in homecare include sanitizers, detergents, cleaning products, shampoo, hand wash, and others. The heavy demand for such products is expected to support the development of the market. Moreover, the surging population has further boosted the demand for food & beverages, which, in turn, will augur well for the market.
Browse Summary of This Research: https://www.fortunebusinessinsights.com/surfactants-market-102385 The Report Lists the Main Companies in the Surfactants Market:
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