Lucintel Forecasts Industrial & Institutional Surfactant Market to Reach $23.8 Billion by 2028

Category: Business

According to the recent study the industrial & institutional surfactant market is projected to reach an estimated $23.8 billion by 2028 from $17.8 billion in 2023, at a CAGR of 6% from 2023 to 2028. Growth in this market is primarily driven by growing application of industrial & institutional surfactants in the healthcare and cleaning chemical industries and increasing awareness and precaution among people to opt for cleaning solutions in order to reduce the spread of pandemic. A more than 150 – page report is developed to understand trends, opportunities and forecast in industrial & institutional surfactant market by raw material (nonionic, anionic, cationic, and amphoteric), end use (construction, crop protection, emulsion polymerization, food and beverages, lubricants, metalworking fluids, oilfield and mining, paints and coatings, paper, and textiles), and region (North America, Europe, Asia Pacific, and the Rest of the World). Download sample report by clicking on below link https://www.lucintel.com/industrial-and-institutional-surfactant-market.aspx “Nonionic market is expected to remain the largest segment during the forecast period.” Based on raw material, the industrial & institutional surfactant market is segmented into nonionic, anionic, cationic, and amphoteric . Lucintel forecasts that the nonionic market is expected to remain the largest segment as these are versatile and are used in a wide range of application, such as clearing, wetting, and emulsification. “Within the industrial & institutional surfactant market, the construction segment is expected to remain the largest end use” Based on end use the construction segment is expected to witness the highest growth over the forecast period because surfactants are used in a variety of cleaning and maintenance applications in the construction industry. “North America will dominate the industrial & institutional surfactant market in near future” North America will remain the largest region due to the increasing number of manufacturing facilities and growing demand for surfactants to keep the workspace and warehouses clean and safe. Download Brochure of this report by clicking on https://www.lucintel.com/industrial-and-institutional-surfactant-market.aspx Major players of industrial & institutional surfactant market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Stepan Company, Solvay, Nouryon, Lion Corporation, Kao Corporation, Evonik Industries AG, Dow Chemical Company, Clariant AG, and Croda International are among the major industrial & institutional surfactant providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/industrial-and-institutional-surfactant-market.aspx or helpdesk@lucintel.com