23 October 2013 14:09 [Source: ICIS news]
PRAGUE (ICIS)--Population growth in developing regions will shape global surfactant demand in the future, a consultant said on Wednesday.
Sarah Yarger Kienzle, managing director of global consultants Linden Tree Partners, said that that shifting demographics and redistribution of wealth in those regions is likely to drive demand for surfactants going forward.
The predominant growth will come from Africa, India, Indonesia, Pakistan, and the Philippines, she said, speaking at the 9th ICIS World Oleochemicals conference.
The US will also show strong growth, she noted, despite this being a developed region.
“This rapidly growing young population, who will be acquiring new wealth, will have a desire to spend more on personal care products,” she added.
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