North America represented the largest market for betaines in the past. The growth of this market was driven by an increased demand in the home and personal care, and pharmaceutical industries, specifically in the US. The North American market is expected to grow at a CAGR of only 1.5% between 2020-2025, which is low as compared to China’s projected CAGR of 6% in the same period. Asia Pacific is projected to overtake North America as the major market for betaines as it is expected to see a steady growth in the coming years. The growing demand for betaines in the region, especially in China, is a result of growing population and urbanization.
Betaine finds its major application in the personal care industry where it is popular as an alternative to sulphur-based surfactants and accounts for over 50% of the global betaine application. Due to its water retention and moisturizing properties, betaine finds extensive usage in the cosmetics industry. It is widely used as a surfactant, emollient and emulsifier in personal care products such as shampoos, lotion, etc. It is also used a detergent. The focus of the cosmetics market has been shifting towards the introduction of new products containing safe and sulphur-free natural ingredients. This development has been favourable to the betaines market as betaine is a mild surfactant which causes minimal eye and skin irritation.
Key players in the global betaine industry are looking to expand and improve their betaines products portfolio by researching and investing in bio-based personal and home care products. Evonik, one of the major players in the betaine market, have introduced a cost-effective, concentrated cocamidopropyl betaine (CAPB), which is a major ingredient in various personal care products such as shower gels, shaving gels and baby shampoo, among others.
Market Analysis by Type, Applications and Regions:
Key Findings of the Report:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/betaine-market-report
Key Offerings of the Report:
Inolex Inc., Kao Corporation, Evonik Industries AG, Solvay S.A., Clariant Corporation, Lubrizol Corporation, Stepan Company, and Colonial Chemical Inc. are the major players in the global betaine market analysed in the report. The EMR report explores the latest developments among the key players in betaine market including plant turnovers, capacity expansions and merger and acquisitions.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
EMR Business Solutions LLP
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Global Betaines Market: By Type (Natural and Synthetic), By Application, By Grade and By Region; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); Feedstock: Dimethylaminopropylamine (DMAPA), Monochloroacetic Acid (MCA); Regional Price Trends; Trade Analysis; Competitive Landscape; Consumer Analysis"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global sustained release coatings market stood at a value of nearly USD 475 million in 2019. The industry is projected to grow at a CAGR of 6.4% over the forecast period of 2020-2025 to attain USD...
The global oleoresin market attained a value of USD 1.3 billion in 2019. The oleoresin market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 5% to reach USD 1.7 billion b...
The global silicon on insulator (SOI) market attained a value of USD 1.02 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 19.8% to reach USD 2....
The global dimethicone market reached a volume of almost 247.2 kilo metric tons in 2019. The industry is further expected to grow at a CAGR of 3% between 2020 and 2025 to reach a volume of nearly 295....
The global oleochemicals market is being aided by the growth of fatty alcohol and fatty acids markets. The fatty alcohols industry attained a production volume of 3.6 million metric tons in 2019. The ...