Surfactants Market Size to Reach Revenues of USD 56.3 Billion by 2026 - Arizton
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Surfactants Market – Segmentation
Surfactants Market by Type
Surfactants Market by End-Use
Surfactants Market – Dynamics
Agrochemicals such as pesticides and insecticides are specialty chemicals that are used in agriculture to protect the crop from pests & insects and enhance yield quality. Over the years, agrochemicals have played a vital role in agricultural productivity. The increasing global population and demand arising from the need to achieve food sufficiency are the fundamental factors that will continue to drive growth in the agrochemical industry. Globally, agricultural productivity has always been a key concern, thus driving significant research efforts. Agrochemical's vendors are increasing their focus on innovation and spending a sizeable proportion of their revenue toward crop protection. Surfactants are one of the major components of agrochemicals. In agriculture, surfactants help the farmer to use pesticides more efficiently. Surfactants minimize surface tension so that the pesticides keep the spray on the targeted area rather than mixing into the water. Thus, agricultural surfactants improve the proficiency of pesticides.
Key Drivers and Trends fueling Market Growth:
Surfactants Market – Geography
North America is the fastest-growing market for surfactants. The market for surfactants in North America is driven by the growth in hygiene products such as hand sanitizers, liquid soap, detergents, personal care products, construction, paints & coatings, agriculture, textile, and bio-based products. In North America, the US is the biggest market for surfactants, accounting for 83.50% of the share in 2020, followed by Canada at 16.50%. The personal care market in the US is majorly driven by the high disposable incomes of citizens, the increasing number of households, and the rising demand for aromatherapy and a healthy lifestyle. The prevalence of diseases, the popularity of men's grooming products, and the demand for natural cosmetics are also boosting the personal care products market. In line with the growing trend of healthy lifestyles and hygiene, manufacturers across the country are revamping their operations and procurement activities to meet the growing demand for skin care, oral care, and cosmetics.
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Surfactants Market by Geography
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