Key Highlights From The Report
Synthetic surfactants are primarily obtained from petroleum or petroleum-based materials chemical synthesis. This category experienced significant growth in 2019, owing to the increasing use of surfactants in herbicides and fungicides.
Non-ionic surfactants are the most commonly used surfactants in the horticulture industry. They are used as they do not harm the plants and break water surface tension easily. Even though their application is rare in the industry, the segment held the largest share of 33.6% in the year 2019.
Water-based herbicide spray contains surfactants for dispersing, emulsifying, wetting, and spreading the liquid in the plants. They are used to enhance the retention of spray droplets and penetration of the ingredients into the plants.
Due to the involvement of leading manufacturers such as DowDuPont, BASF, Huntsman Company in the region, North America is expected to hold a significant share in the industry. The US soared as the largest market for the components in North America in 2019. This has been credited with the continuous need to provide the raw material for food, feed, and biofuel industries.
Key participants include AnQore, Avantor Performance Materials, Honeywell International Inc., Imperial Chemical Corporation, INEOS, Nova Molecular Technologies, Asahi Kasei Medical Company Limited, CNPC Jilin Chemical Corporation Limited, AlzChem AG, and Dupont, among others.