Asia-Pacific is Largest and Fastest Growing Market for Surfactants, According to Global Market Research Report (2019-2025) by Industry Experts, Inc
Industry Experts, Inc. released the market research report on Surfactants. The report entitled " Surfactants – A Global Market Overview " reveals that the Asia-Pacific is estimated the largest market in 2019 with US$16.4 billion and the region is also expected to witness the fastest growing market with a CAGR of 5.9% during the period 2019-2025. The market for surfactants is likely to maintain a healthy growth owing to developments in the end-user industries, such as detergents and personal care products, especially in the developing economies. Other factors that will contribute to demand include low prices and easy availability of surfactants that have made their range of applications even wider. The four broad categories into which surfactants can be classified include amphoteric (or zwitterionic), anionic, cationic and nonionic. They are primarily used in detergents, cleaners, soaps, cosmetics & personal care products, oilfield chemicals and petroleum production, pa...