Published Date : Mar 06, 2017
Albany, New York, March 06, 2017: MarketResearchReports.biz has announced the addition of a report, titled “Global Emulsifier Market 2017-2021,” to its large repository. The report serves a reliable source of information regarding various important aspects of the global emulsifier market, including its dynamics, regional outlook, applications, and vendor landscape. As per the findings of the study, the global emulsifier market is expected to register a CAGR of more than 7% between 2017 and 2021.
The booming shale gas sector in North America, especially in the U.S., is one of the key factors augmenting the global market. With the shale revolution, activities such as wetting, drilling, and gelling fluids have increased exponentially, which in turn has stimulated the demand for emulsifiers. Moreover, the widening base of middle-class population in developing nations is propelling the demand for convenience and packaged food. This, in turn, is working in favor of the market.
On the flip side, the growing popularity of enzymes as substitutes of food emulsifiers is threatening emulsifier manufacturers. Furthermore, the entry of low-priced products is adversely affecting the overall revenue generation of the market. However, the growing importance of personal hygiene and grooming is likely to provide a significant boost to the growth of the market in the foreseeable future.
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On the basis of application, the global emulsifier market is divided into cosmetics and personal care, food and beverage, pharmaceutical, and oilfield chemicals. Food and beverage will command a substantial share in the market throughout the review period. The rising penetration of processed and canned foods, changing consumer lifestyles, and increasing disposable income of people around the world are triggering the demand for emulsifiers in the industry.
Based on source, the market can be categorized into synthetic and bio-based. The market was led by synthetic emulsifiers. This type of emulsifiers can be anionic, cationic, and nonionic. Benzethonium chloride and benzalkonium chloride are some of the commonly used cationic emulsifiers while amine soaps, alkali soaps, and detergents are anionic in nature.
Geographically, Europe will be the front-runner in the global market during the same period. The upsurge in the demand for ready-to-eat frozen poultry, packaged food, and functional food. The robust growth of the cosmetics and personal care industry is also fuelling the growth of the region. France, the U.K., Italy, and Germany are at the forefront of the growth of the region.
The global emulsifier market is characterized by high competitive rivalry and is dominated by large international players. Their strong foothold in the market can be attributed to their large production facilities worldwide and extensive geographical presence. The leading players in the market are Dow Corning, Kerry Group, Akzo Nobel, Evonik Industries, and BASF. Some other prominent companies operating in the market are Archer Daniels Midland (ADM), DSM, Clariant, Lubrizol, Solvay, Ingredion, and AAK.
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