Report : Asia Pacific Natural Surfactants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Anionic, Cationic, and Non-Ionic), Form (Powder and Liquid), and End User (Water and Wastewater Treatment, Pulp and Paper Manufacturing, Oil and Gas, Mining Industry, and Others)
At 5.5% CAGR, the Asia Pacific Natural Surfactants Market is speculated to be worth US$ 6,464.39 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific natural surfactants market was valued at US$ 4,700.12 million in 2022 and is expected to reach US$ 6,464.39 million by 2028, registering an annual growth rate of 5.5% from 2022 to 2028. Elevating usage of natural surfactants in crop protection and extending development in production techniques and extensive R&D.
The increasing popularity of bio-based crop protection chemicals is one of the major factors positively impacting the use of natural surfactants in crop protection. Crop protection chemicals give farmers an affordable solution to improve crop production and quality. They also make harvesting easier and support dependable yields from year to year. In agriculture, natural surfactant helps reduce surface tension so that liquid can penetrate the surface better. Moreover, adding natural surfactants to crop formulations improves efficiency and helps save water used for irrigation and help in reduction of runoff water. The selection of natural surfactants for agrochemical formulations is important, depending on their application. Different natural surfactants can be used as wetting agents, dispersants, or emulsifiers. In the case of wetting agents, these natural surfactants serve primarily as co-adjuvants in the application of various crop treatments, while dispersants and emulsifiers are typically used to give stability to the formulations of agricultural inputs. The most important aspect of natural surfactants in crop protection is their capacity to reduce the rates of all input use, as they optimize the activity by flattening out water droplets and dispersing the product over the leaf's surface, achieving better surface contact, enhanced absorption, and better results. Good agricultural practices require using natural surfactants to improve the efficiency and performance of plant protection treatments.
On the contrary, exorbitant cost of production of natural surfactants.
- Based on type, the Asia Pacific natural surfactants market is segmented into anionic, cationic, non-ionic, and amphoteric. The anionic segment held 47.4% market share in 2022, amassing US$ 2,239.19 million. It is projected to garner US$ 3,159.71 million by 2028 to expand at 5.9% CAGR during 2022–2028.
- Based on application, the Asia Pacific natural surfactants market is categorized into detergents, personal care, industrial and institutional cleaning, oilfield chemicals agriculture chemicals, and others. The detergents segment held 45.0% market share in 2022, amassing US$ 2,129.34 million. It is projected to garner US$ 3,067.89 million by 2028 to expand at 6.3% CAGR during 2022–2028.
- Based on country, the Asia Pacific natural surfactants market has been segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 51.4% market share in 2022. It was assessed at US$ 1,469.23 million in 2022 and is likely to hit US$ 2,024.56 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.
Key players dominating the Asia Pacific natural surfactants market are BASF SE; Clariant AG; Croda International plc; Dow Inc.; KAO Corporation; Solvay S.A.; Arkema; Stepan Company; and Evonik Industries AG among others.
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