London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global surfactants market 2015-2019, which is expected to grow moderately at a CAGR of 6.02%, in terms of revenue, during the forecast period of 2014-2019.
Growing consumer demand for eco-friendly products is leading to increased investment in R&D and new products are being launched using bio-based surfactants. Moreover, rise in urbanization, increase in per capita income, change in lifestyles, and economic stability are factors contributing to the growth of the surfactants market in developing regions such as Asia, and South and Central America.
“An increase in awareness of the harmful aspects of synthetic surfactants has resulted in a shift to bio-based surfactants,” says Faisal Ghaus, Vice President of Technavio.
“Health and environmental risks concerned with synthetic surfactants have forced governments to impose regulations to protect the environment and the consumers.”
Key Market Drivers
- Rising demand for personal care products
- Shale gas exploration
- Growing urbanization in developing countries
Key Market Trends
- Growing awareness about bio-based products
- M&A
- Stringent enforcement of environmental laws
Key Market Vendors
- Air Products & Chemicals Inc.
- AkzoNobel NV
- Evonik Industries
- Henkel AG & Co.
- Huntsman Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
