The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Amphoteric Surfactants Market.
It was estimated prior to this unanticipated outbreak that the Amphoteric Surfactants Market was expected to grow at a CAGR of 7.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Amphoteric surfactants are structures that contain hermaphroditic ions with simultaneously cationic hydrophilic group, which are able to form anion or cation according to the ambient conditions. These are usually adopted in cationic group, which is quaternary ammonium hydrophilic or amine salt while anionic moiety is carboxylate, phosphate, hydrophilic group, and sulfonate.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the amphoteric surfactants market has been segmented as personal care, home care & I&I cleaning, oil field chemicals, and agrochemicals. The personal care segment is estimated to hold a major share of the market during the forecast period. Amphoteric surfactants are mild and the growth of the market can be attributed to their zwitterion nature and their being commonly used in formulation of various personal care products.
Based on the type, the market is segmented as betaine, amine oxide, amphoacetates, amphopropionates, sultaines. The amine oxide segment is expected to lead the market and witness the highest growth during the forecast period owing to excellent secondary surfactant characteristics and possession of inherent stability and better cleansing properties.
In terms of regions, Europe is estimated to dominate the amphoteric surfactants market during the forecast period owing to the large number of manufacturers in the region for personal care products and the presence of leading manufacturers in countries such as Italy, France, Germany, and Russia. The key component used in the amphoteric surfactants is the formulation of various personal care products which is manufactured in the European region.
Key Players:
Some of the major players in the amphoteric surfactants market are-
- Akzo Nobel N.V.
- BASF SE
- Clariant AG
- Croda
- Evonik Industries AG
- Lonza Group AG
- The Lubrizol Corporation
- Oxiteno SA
- Solvay S.A
- Stepan Company