The amphoteric surfactants market was valued at USD 3.29 billion in 2017 and is projected to reach USD 4.94 billion by 2023, at a CAGR of 7.0% from 2018 to 2023.
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Increasing demand from niche applications
Personal care and home care & I&I are the major applications of amphoteric surfactants. However, there are other applications of amphoteric surfactants such as oil field chemicals and agrochemicals that capture minor share in the amphoteric surfactants market. These surfactants provide desired foaming, corrosion inhibition, and emulsification in the formulations of oil field chemicals. Similarly, in agrochemicals application they are used in the formulation of herbicides, pesticides, and insecticides, mainly to optimize crop protection and improve performance. However, there are only a few manufacturers that are primarily targeting these segments, leaving space for new players. Although the amphoteric surfactants market in personal care and home care & I&I cleaning is growing, these are developed markets and may arrive at the stage of maturity. The manufacturers should, therefore, target the applications that are in the growth stage, mainly to capture an additional market share.
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Growing demand for high-performance surfactants
The growing demand for improved functionality and multiple benefits from a single product is a major factor driving the demand for high-performance amphoteric surfactants in personal care products. Amphoteric surfactants are versatile in nature. The ability of these surfactants to perform well in hard water and at high temperature makes them preferable for use in multiple end-use industries, such as oil field chemicals and specialized industrial applications.
Amphoteric surfactants are very mild in nature and are therefore very useful in personal care and household cleaning products. When amphoteric surfactants are used in combination with other surfactants, they offer great foam stabilization and also provide a reduction in the irritation level. Amphoteric surfactants have different properties according to their usage in personal care products. In shampoos, they act as a humectant and a light conditioner; in body washes, they act as a humectant and moisturize the skin; in bubble baths, they offer good flash foam and stabilization to the bubbles.
Related Reports:
Surfactants Market by Type (Anionic, Non-Ionic, Cationic, and Amphoteric), Substrate (Synthetic, and Bio-based), Application (Detergents, Personal Care, Textile, Elastomers & Plastics, Crop Protection, Food & Beverage) – Global Forecast to 2021
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