Surfactant Demand Shifts to Asia-Pacific and South America
KONSTANZ, Germany - Market research institute Ceresana Research expects the global surfactant market to generate revenues of more than $41 billion in 2018 – translating to an average annual growth of 4.5 percent. With a roughly 37 percent share of global consumption, Asia-Pacific is the largest surfactant outlet, followed by North America and Western Europe.
Over the next eight years, shares in demand of the individual world regions will shift significantly. The analysts from Ceresana forecast countries in Asia-Pacific to increase their shares in the global surfactant market, mainly at the expense of Western Europe and North America. In addition, South America will see strong growth, above all because of massive increases in production in Brazil.