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% between 2018 and 2023. The strategy of new product launches was adopted by the key players to strengthen their position in the amphoteric surfactants market.
Rising demand for personal care products and high-performance amphoteric surfactants is expected to drive the growth of the amphoteric surfactants market during the forecast period. Personal care is the largest application of amphoteric surfactants, as they are one of the important ingredients required for skin care, hair care, and other personal care products. The industry is growing rapidly as personal care products have high demand among customers. Growing urbanization, increasing number of working women, changing lifestyle, and rising awareness regarding hygiene and skin care are some of the key drivers of the amphoteric surfactants market in the personal care application. The awareness regarding hygiene and personal health has propelled the need for personal care products. This change has led to an increase in the manufacturing of skin care and hair care products, thus driving the demand for amphoteric surfactants.
The key players operating in the amphoteric surfactants market include AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Croda (UK), Evonik Industries AG (Germany), Lonza (Switzerland), the Lubrizol Corporation (US), Oxiteno SA (Brazil), Solvay (Belgium), and Stepan Company (US).
Evonik Industries AG is a leading manufacturer of amphoteric surfactants across the globe. The company is a specialty chemical company. It has a well-established distribution network and brand value fueling its growth in the amphoteric surfactants market. The company provides betaine, amine oxide, and amphoacetates for personal care and home care applications.
Solvay is another leading manufacturer of amphoteric surfactants. It has a strong brand name in the amphoteric surfactants market. Mackam, Miracare, Mirataine, and Miranol are the leading brands of the company that have a vast product line, which caters to a wide range of applications. The company offers amphoteric surfactants for personal care, oil & gas, home care, and Industrial & Institutional (I&I) cleaning applications.
