The global amphoteric surfactants market size was US$ 3.2 billion in 2021. The amphoteric surfactants market is forecast to grow to US$ 6.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 202 to 2030.
Factors Influencing the Market
The global amphoteric surfactants market is forecast to witness a high jump in terms of revenue, owing to the growing demand for personal care products globally. Shampoos, shower, and bath products are slowly becoming a basic necessity. Thus, it will surge the growth of the market in the coming years.
Amphoteric surfactants are highly used to improve lathering 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 shampoo cosmetics, detergent fiber, microbicides, foaming agents, and other related products. The wide applications of amphoteric surfactants will drive the market forward during the forecast period.
Changing lifestyles and a growing urban population will significantly contribute to the growth of the global amphoteric surfactants market.
The growing range of product offerings will also benefit the market during the study period.
The rising number of partnerships and collaborations will escalate the growth of the market in the coming years. For instance, BASF acquired the majority of the share in the Allied Carbon Solutions (ACS), a Japanese maker of biomass-derived surfactants, in March 2021. Moreover, Evonik Industries AG unveiled its first biosurfactant and Tomamine Amphoteric coupling agent named REWOFERM SL ONE in April 2019. Thus, the growing number of partnerships and launches will boost the amphoteric surfactants market growth during the study period.
COVID-19 Impact Analysis
The COVID-19 pandemic had a moderate impact on the global amphoteric surfactants market. The market witnessed significant disruptions during the initial phase of the pandemic as the governments imposed strict lockdown regulations. In addition, the demand for cosmetics and other body and hair care products declined drastically. Thus, it negatively impacted the growth of the amphoteric surfactants market. However, the pandemic surged the demand for cleanliness and maintaining hygiene. As a result, it surged the demand for soaps and other products.
Regional Analysis
The Asia-Pacific amphoteric surfactants market is forecast to grow at the fastest rate. The growth of the market is attributed to the rapidly growing population of the region. In addition, growing urbanization, rising disposable incomes, and increasing awareness related to personal care will contribute to the growth of the market.
Competitors in the Market
Akzonobel N.V. (Netherlands)
BASF SE (Germany)
Clariant AG (Switzerland)
Croda (UK)
Evonik Industries AG (Germany)
Lonza (Switzerland)
The Lubrizol Corporation (US)
Oxiteno SA (Brazil)
Solvay (Belgium)
Stepan Company (US)
Other Prominent Players
Market Segmentation
The global amphoteric surfactants market segmentation focuses on Product, Application, and Region.
Amphoteric Surfactants Market, By Product
Betaine
Amine Oxide
Amphoacetates
Amphopropionates
Sultaines
Amphoteric Surfactants Market, By Application
Personal Care
Home Care and Industrial & Institutional (I&I) Cleaning
Oil Field Chemicals
Agrochemicals
Others
Amphoteric Surfactants Market, By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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