Stepan acquired Clariant for the global anionic surfactants market
The growing use of anionic surfactants across pharmaceuticals, construction, and others industries is fostering the growth of the market. They are low cost and are easily available which is also contributing to the high demand for anionic surfactants. Expanding paints & coating industry is again expected to bolster the growth of the anionic surfactants market. According to World Paint & Coatings Industry Association (WPCIA), the global market for the paint and coating industry increased to US$ 164.9 billion in 2018, up by 4.9%, from US$ 157.2 billion in 2017. The rise in the construction industry and rapid urbanization are propelling the growth of the paints & coatings industry. The Asia Pacific is expected to hold the dominant position in the global anionic surfactants market and this can be accredited to the increasing population which is creating demand for the cosmetic & personal care industry. According to the India Brand Equity Foundation, India’s beauty ...