Transparency Market Research in its new report titled, “Soy-based Surfactants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the soy-based surfactants market. The TMR report anticipates that the rise in demand for personal care products owing to increasing consumerism will drive the soy-based surfactants market during the forecast period i.e, 2018-2026. Soy-based surfactants are used in formulations of most beauty and personal care products such as hair care products, skin care products, liquid soaps, and shower gels. Additionally, rapid urbanization and increase in consumer awareness about health and hygiene have boosted the demand for personal care products, says the report.
According to report, growth in demand for detergents and other household cleaning agents is also fuelling the soy-based surfactants market. Soy-based surfactants can be used in products such as stain and odor removers, all-purpose cleaners, laundry detergents, dishwashing liquids, toilet cleaning products, carpet cleaners, and glass cleaners. Rapid industrialization, improvement in quality of life, and increase in penetration of FMCG products are some of the factors augmenting the demand for soy-based surfactants. The natural origin of soy-based surfactants is a key factor driving the soy-based surfactants market. Based on source of origin, the global soy-based surfactants market can be segmented into soy-lecithin, soy-protein and soy-saponin.
The TMR report has segmented the soy-based surfactants market in terms of application into household detergents, personal care, industrial and institutional cleaners, food processing, oil field chemicals, agricultural chemicals, textiles, emulsion polymerization, paints and coatings, construction, and specialty applications. Specialty applications include lubricants and fuel additives, metal working, mining chemicals, pulp and paper, and leather processing. The global soy-based surfactants market expanded moderately in 2016. This trend is anticipated to continue during the forecast period. In terms of application, the household detergents segment is facing maturation in North America. As a result, demand for soy-based surfactants is anticipated to remain stagnant or decline in the next few years in the region.
The report has also says that the increase in demand for organic products and implementation of stringent environmental regulations in Europe are anticipated to boost the soy-based surfactants market in the region. Along with countries such as India, Malaysia, and Indonesia, China is the key manufacturer and consumer of soy-based surfactants in Asia Pacific. Brazil is the major consumer of soy-based surfactants in Latin America. Rise in demand for pulp and paper and agriculture is driving the spy-based surfactants market in the region. The soy-based surfactants market in Middle East & Africa is also estimated to expand substantially during the forecast period. Leading companies operating in the global soy-based surfactants market are profiled in this report to give a better competitive analysis and these include Saraya Co.Ltd., Loveland Product, and Sinerga Cosmetic Company.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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