According to Stratistics MRC, the Global Oilfield Surfactant market is accounted for $1.04 billion in 2015 and is expected to reach $1.57 billion by 2022 growing at a CAGR of 6.1% from 2015 to 2022. Factors such as increased usage of CO2 Oil Recovery Technology, rising demand for bio-based surfactants, regulations and non-toxicity are driving the market growth. New projects and huge investment in APAC and Africa region, Utilization and Management of Industrial and Agricultural Wastes will further provide growth opportunities for the market globally. However, environmental concerns, decreasing oil prices and regulatory factors are restraining oilfield Surfactant market.
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Surfactants in personal care product market will see the best growth prospects. Cleaning products segment is expected to show moderate growth. Bio based surfactant segment is estimated to show prospective growth in the Asia-Pacific region. Asia-Pacific region holds the largest market share. However, North
America followed by Europe is estimated to show a significant growth in the surfactant market.
Some of the key players in global Oilfield Surfactant market are Air Products and Chemicals, Inc, Clariant AG, Evonik Industries AG, Henkel AG & Co. KGAA, The Dow Chemical Company, Evonik Industries AG, BASF SE, Stepan Company, P&G Chemicals, Pilot Chemical Company, Siltech Corporation, Oxiteno S.A Industria E Comercio, SABIC, Shell Chemicals, Huntsman Corporation, SI Group, Inc, AGAE Technologies, LLC.
Substrates Covered:
Bio-Based/Oleo chemical
Bio surfactant
Synthetic/Petrochemical