Agricultural Surfactants Market to Reach $1,927.5 Million by 2027; Increasing Demand for Bio-based Surfactants to Stoke Demand

The global agricultural surfactants market size is expected to reach USD 1,927.5 million by 2027 backed by the increasing demand for bio-based agricultural surfactants to promote better yield of crops across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Agricultural Surfactants Market Size, Share & COVID-19 Impact Analysis, By Type (Cationic, Non-Ionic, Anionic, Amphoteric), By Application (Herbicides, Fungicides, Insecticides, Others), By Crop Type (Cereals & Grains, Fruits & Vegetables, Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 1,392.8 million in 2019 and is projected to exhibit a CAGR of 5.1% between 2020 and 2027.

Stepan Completes Acquisition of Surfactant Business from Clariant to Strengthen its Position in Latin America

In September 2020, Stepan Company announced its agreement to acquire the leading agro-based solutions provider, Clariant’s anionic surfactant business and sulfation equipment business located in Mexico. The acquisition is expected to strengthen its position in Latin America by catering to the growing demand for advanced agricultural type of surfactants by the consumers.

F. Quinn Stepan, CEO of Stepan, said, “The acquisition is likely to support our growth strategy in Latin America and will further enhance our ability to support consumer growth in the Mexican Consumer & Functional markets for surfactants.”

Increasing Demand for Bio-based Surfactants to Augment Growth

According to recent studies, the adoption of synthetic agricultural surfactants has an adverse effect on the environment as well as the health of humans. Owing to their toxic nature, the agriculture sector is experiencing a significant demand for eco-friendly and safe bio-based agricultural type of surfactants that promote good yield and are economically viable. This is expected to bode well for the global market growth in the forthcoming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/agricultural-spray-surfactants-market-100392

Prominent Companies Focus on Acquisition Strategies to Amplify Their Market Positions

The global agricultural surfactants market is fragmented by the presence of major companies such as BASF SE, Evonik, and Nufarm, among others. These companies are striving to maintain a stronghold by acquiring other small companies and further focusing on expanding their agricultural surfactants portfolio. In addition to this, technological innovations in the field of agrochemicals by other key players will contribute to the growth of the market in the forthcoming years.

Industry Development:

• January 2020 – Huntsman announced the sale of its chemical intermediates and surfactants businesses to Indorama ventures. According to the reports, the buyout is expected to be worth USD 2 billion and will expand the footprint of the company in the global marketplace.  

List of Companies Profiled in the Global Market:

• BASF SE (Ludwigshafen, Germany)


• AkzoNobel (Amsterdam, Netherlands)


• Evonik (Essen, Germany)


• Solvay (Brussels, Belgium)


• Huntsman Corporation (Texas, the U.S.)


• Nufarm (Melbourne, Australia)


• Clariant (Muttenz, Switzerland)


• Helena Chemical Company (Tennessee, U.S


• Croda International (Snaith, UK)


• Wilbur-Ellis Company (San Francisco, the U.S.)


• Stepan Company (Florida, the U.S.)


• Nouryon Company (Amsterdam, Netherlands)


• Other Key Players

Further Report Findings:

• North America stood at USD 582.9 million in 2019 and is expected to hold the highest position in the global market during the forecast period. This is attributable to the presence of large agrochemical manufacturing base that produce optimum quality agricultural surfactants in the region.


• The market in Asia-Pacific is expected to gain momentum backed by the high demand for food grains and the presence of a dense population in countries such as India and China that propels the adoption of innovative agricultural type of surfactants in the region between 2020 and 2027.


• The anionic segment, based on type, held a market share of about 35.42% in 2019 and is anticipated to showcase considerable growth during the forecast period. This is ascribable to factors such as the increasing adoption of ionic surfactants owing to their ability to lower surface tension between liquids that result in easier spread of agrochemicals.

Table of Segmentation: