“In terms of value, the amphoteric surfactants market is projected to grow at a CAGR of 7.0% from 2018 to 2023.”
The amphoteric surfactants market is projected to grow from USD 3.52 billion in 2018 to USD 4.94 billion by 2023, at a CAGR of 7.0% during the forecast period. The rising demand for personal care products, coupled with the increasing demand for high-performance surfactants is driving the growth of the market for amphoteric surfactants across the globe. However, the formulation and stringent implementation of various regulations to monitor the release of toxic chemicals and gases into the environment during the manufacturing of amphoteric surfactants are expected to restrain the growth of the amphoteric surfactants market during the forecast period.
“Based on type, the amine oxide segment of the amphoteric surfactants market is projected to grow at the highest CAGR in terms of both, value and volume between 2018 and 2023.”
The demand for amine oxide is very high in the home care and Industrial & Institutional (I&I) cleaning application due to the excellent foaming and cleansing properties of amine oxide. Moreover, it has the ability to decrease skin irritation. Amine oxide is used in the oxygen bleaching and cleansing products due to its inherent stability in the presence of hydrogen peroxide.
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“The Asia Pacific amphoteric surfactants market is projected to grow at the highest CAGR, in terms of value and volume during the forecast period.”
The Asia Pacific amphoteric surfactants market is projected to grow at the highest CAGR, in terms of value and volume between 2018 and 2023. Economic growth of emerging countries and increasing disposable income of the middle-class population of the Asia Pacific region are making it an attractive market for manufacturers of amphoteric surfactants. Increasing awareness among masses regarding skin, hair, and oral care, changing lifestyle of the middle-class population of the region due to their growing disposable income, and increasing popularity of organic skin care products are some of the major factors fueling the growth of the Asia Pacific amphoteric surfactants market during the forecast period.
