Market Insights:

Market Research Future (MRFR)’s latest study reveals that the Global Non-Iconic Surfactants Market is set to expand moderately at a healthy CAGR of 4.5% during the forecast period 2016 to 2023. The increasing demand across different industry verticals is driving the growth of the market.

Increased per capita income coupled with the improved standard of living has boosted sales in the personal care industry. The growth of the personal care industry directly influences the growth of the Non-Iconic Surfactants Market. The trend is likely to perpetuate over the next couple of years. Furthermore, Non-Iconic Surfactants are widely used in the soaps and detergents industry. This is expected to accelerate revenue creation for the non-iconic surfactants market players.

Some of the other industries responsible for catapulting the Non-Iconic Surfactants Market on an upward trajectory include food & beverage, textiles, oilfield, paints & coatings, household, etc. The household industry is one of the most important industries for the expansion of the Non-Iconic Surfactant Market. Additionally, low costs, technological advancements in the production processes, easy access to raw materials, etc. are some of the factors responsible for catalyzing the market proliferation in the foreseeable future.

Industry News:

In August 2018, Kao Group, chemical, and cosmetics company, has acquired Washing Systems of Ohio.

In August 2018, Huntsman Corporation, global chemicals manufacturers, inaugurated a multi-purpose facility near Ho Chi Minh City of Vietnam.

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Market segmentation:

By Type, the Global Non-Iconic Surfactants Market has been segmented into alcohol ethoxylates, fatty alkanolamides, amine derivatives, glycerol derivatives, and others.

By Application, the Non-Iconic Surfactants Market is segmented into cleaners, emulsion, additives, and others.

By End-User, the Global Non-Iconic Surfactants Market has been segmented into food & beverages, paint & coatings, oilfield, textiles, personal care, household, and others.

Regional Analysis:

By Region, the Global Non-Iconic Surfactants Market has been segmented into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa. Asia Pacific is the largest market for Non-Iconic Surfactants and is likely to retain its pole position over the forecast period. The changing lifestyle coupled with increasing disposable income has augmented the personal care industry, creating demand for Non-Iconic Surfactants in the region. Other industries responsible for generating demand in the Non-Iconic Surfactants Market are pharmaceuticals, soaps & detergents, etc.

North America controls the second largest share of the market and resonates strong growth opportunities presently. Led by UK, Canada, and United Mexican State, the regional market is supposed to exhibit healthy growth over the assessment period.

Europe secured the third position in the global market in 2016. It is anticipated to grow moderately through the review period. Latin America, as well as, the Middle East & Africa are expected to exhibit growth opportunities across the projection period.

Competitive Dashboard:

Some of the key players profiled in the report are 3M (US), Arkema (France), BASF SE (Germany), Clariant (Switzerland), Elementis plc (UK), Evonik Industries AG (Germany), Dow Corning Corporation. (US), Huntsman International LLC (US), Kao Corporation (Japan), and Akzo Nobel N.V. (Netherlands).

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