The global emulsifiers market size is projected to reach USD 8.44 Billion by 2021, at a CAGR of 6.8% between 2016 and 2021. High-growth of end-use application such as cosmetics & personal care and food are the key factors driving the growth of the emulsifiers market.
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Emulsifiers are biodegradable, bio-compatible, chemically inert, skin friendly, long shelf life, and thermal stability. The demand for emulsifiers is driven by increasing consumption of processed food. Emerging economies such as China, India, Mexico, and Brazil are expected to be the major drivers of the global emulsifiers market during the forecast period. Emulsifiers are required for manufacturing various cosmetics & personal care products such as creams & lotions, personal hygiene products, makeup components, and others.
The emulsifiers market has been segmented on the basis of applications such as food emulsifiers, cosmetics & personal care, oilfield chemicals, pharmaceuticals, and agrochemicals. The food industry is the largest application of emulsifiers. This is due to the increase in the demand of processed food products such as dairy & meat product, bakery, convenience foods, and confectionery, especially, in emerging markets such as Asia-Pacific and the Middle East.
Europe: The largest market for emulsifiers
Europe is the largest market in the global emulsifier market. The market for emulsifiers in Europe is growing as the demand in end-use applications such as food, cosmetics & personal care, oilfield chemicals, and pharmaceutical products is increasing. Food emulsifiers have the largest market share in the overall European emulsifiers market. The development of food processing industry is the major reason for the dominance of Europe in the global market.
In Europe, the market for emulsifiers in the oilfield chemicals segment is promising, especially, in countries such as Russia, Germany, and others. Most of the big players of the emulsifier market such as Solvay SA (Belgium), BASF SE (Germany), Kerry Group (Ireland), AkzoNobel N.V. (Netherlands), Evonik Industries AG (Germany), Clariant (Switzerland), and DSM (Netherlands) are Europe-based and supply their products across the globe.
Companies such as BASF SE (Germany), Dow Corning (U.S.), Kerry Group (Ireland), AkzoNobel NV (Netherlands), and Evonik (Germany) are the major players in the global emulsifiers market. They have strengthened their market position through diverse product portfolios, strategically positioned R&D centers, consistent strategic development activities, and technological advancements. They have been adopting various organic and inorganic growth strategies, such as expansions, agreements & joint ventures, and new product launches & developments to increase their market share.
Emulsifiers Market On the basis of Application:
- Food Emulsifiers
- Dairy
- Bakery
- Meat
- Others (Cheese, Mayonnaise)
- Cosmetics & Personal Care
- Creams & Lotions
- Makeup Components
- Personal Hygiene
- Oilfield Chemicals
- Drilling Fluids
- Wetting Fluids
- Gelling Fluids
- Pharmaceutical
- Creams & Gels
- Medicines
- Agrochemicals
- Seed Coating
- Crop Protection
- Others (Paints & polymers, oil spill dispersants, household)
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