Amphoteric Surfactants Market Size, Share, Trend, Growth and Forecast 2022 to 2030 – Instant Interview
According to a new market research report published by Report Ocean, the Amphoteric surfactants The market is expected to grow at a CAGR of 7.5%, over the forecast period. The market should reach US$6.9 billion by 2030.
This detailed report ocean market research report includes an in-depth analysis of technological innovations, market trends, supply chain trends, future trends, major players and key developments. The report also includes additional information on other factors such as drivers, restraints, and challenges faced by this market, along with an overview of each segment mentioned in the study.
The global amphoteric surfactants market size was 3.2 billion US$ in 2021. The amphoteric surfactants market is expected to reach 6.9 billion US$ by 2030 growing at a compound annual growth rate ( CAGR) of 7.5% over the forecast period from 202 to 2030.
The US current account deficit increased and reached $234.8 billion in Q4 2021. However, the Canadian dollar (CAD) exchange increased by 29.9% in Q1 22 to reach $294.4 billion, widening the imbalance by $68.6 billion. In the first quarter of 2022, exports of goods and services increased by $27.7 billion, for a total of $1.07 trillion. However, the country’s goods and services deficit narrowed to $79.9 billion in June from $87.9 billion in May, which has been corrected, with a drop of $5.7 billion indicating some relief. . On the other hand, the country’s annual inflation rate reached 8.7%.
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The price of logistics increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices rose by 15.5%, the highest level since February 2006. In addition, the number of US existing homes sold in July 2022 fell 5.95% to 4.85. million (seasonally adjusted annual rate), which was the lowest number since May 2020 and below the market forecast of 4.89 million. Residential sales fell for the sixth straight month as the mortgage rate peaked at 6.3%. The US economy continues to be heavily impacted by the global energy crisis, forcing people to spend less and save more.
Market competitors Akzonobel NV (Netherlands)BASF SE (Germany)Clariant AG (Switzerland) Croda (UK)Evonik Industries AG (Germany)Lonza (Switzerland)The Lubrizol Corporation (USA) Oxiteno SA (Brazil)Solvay (Belgium) Stepan Company (USA)Other Top Players
Factors influencing the market
The global amphoteric surfactants market is expected to witness a surge in revenue, driven by the growing demand for personal care products globally. Shampoos, shower and bath products are gradually becoming a basic necessity. Thus, it will accelerate the growth of the market in the coming years.
Amphoteric surfactants are widely used to improve foaming and detergency. In addition, they possess low toxicity and antibacterial properties. They are also highly resistant to hard water and have excellent compatibility. Thus, they are used to develop high safety cosmetic shampoos, detergent fibers, microbicides, foaming agents and other related products. The wide applications of amphoteric surfactants will drive the market forward over the forecast period.
Changing lifestyles and a growing urban population will contribute significantly to the growth of the global amphoteric surfactants market.
The increasing range of product offerings will also benefit the market over the study period.
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The growing number of partnerships and collaborations will accelerate the growth of the market in the coming years. For example, BASF acquired a majority stake in Allied Carbon Solutions (ACS), a Japanese manufacturer of biomass-derived surfactants, in March 2021. Additionally, Evonik Industries AG unveiled its first biosurfactant and coupling agent Tomamine Amphoter named REWOFERM SL ONE in April 2019. Thus, the increasing number of partnerships and launches will drive the growth of the amphoteric surfactants market during the study period.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a moderate impact on the global amphoteric surfactants market. The market saw significant disruption during the initial phase of the pandemic as governments imposed strict lockdown rules. Additionally, the demand for cosmetics and other body and hair care products has dropped drastically. Thus, this has had a negative impact on the growth of the amphoteric surfactants market. However, the pandemic has increased the demand for cleanliness and maintaining hygiene. As a result, the demand for soaps and other products has increased.
Regional analysis
Amphoteric surfactants market in Asia Pacific is expected to grow at the fastest rate. The growth of the market is attributed to the rapidly growing population of the region. Additionally, increasing urbanization, rising disposable incomes, and growing awareness of personal care will help drive the market growth.
Market segmentation
The global amphoteric surfactants market segmentation focuses on product, application and region.
Amphoteric Surfactants Market, By Product Betaine oxide amine Amphoacetates Amphopropionates Sultaines
Amphoteric Surfactants Market, By Application Personal Care Home Care and Industrial and Institutional (I&I) Cleaning Oilfield Chemicals Agrochemicals Other
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Amphoteric Surfactants Market, By Region
- North America The United States Canada Mexico,
- EuropeWestern Europe, United Kingdom Germany France Italy Spain Rest of Western Europe,
- Eastern Europe, Poland Russia Rest of Eastern Europe,
- Asia Pacific China India Japan Australia and New Zealand ASEAN Rest of Asia-Pacific,
- Middle East and Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA,
- South America Brazil Argentina Rest of South America
Main highlights of the study’s table of contents:
- Market overview and summary
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- Market drivers
- Market share analysis
- PORTERS Analysis
- PESTEL analysis
- Value chain analysis
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