Bio-Based Surfactants Market 2021 Industry Outlook, Present Scenario of Manufacturers, Analysis and Research Study by 2027
Biosurfactants are surface-active substances synthesized by the living cell. They can cause less pollution as they have low toxicity and high biodegradability. Market Research Future (MRFR) has published a research report about the global bio-based surfactants market that estimates expansion for this market between 2016 and 2023. Analyzing the market structure, this report evaluates the future growth potential of the market. It analyzes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
The key drivers enhancing the
market growth for bio-based surfactants include their environmental friendly
nature, demand for green product among consumers which are eco-friendly and
less damaging to human health, high biodegradability, low degradability, low
toxicity, performance under extreme condition, possibility of large-scale
production, and lastly, the regulatory compliance by the governments which
restrict the rising use of petroleum-based (synthetic surfactants).
The global bio-based surfactants
market has been segmented on the basis of end-use industry, product type, and
lastly region. Based on end-use industry, this market has been segmented into
agricultural chemicals, food processing, household detergents, industrial &
institutional cleaners, personal care, oilfield chemicals, textiles, and
others. As per the product types, the market has been segmented into alkyl
polyglucosides (APG), alkyl polypentosides (APP), anionic APG derivatives,
fatty acid n-methylglucamine, methyl ether sulfonates (MES), methyl glucoside
esters, rhamnolipids, sophorolipids, sorbitan esters, sucrose esters, and
others.
The regional segmentation of global Bio-Based
Surfactants Market segments the market into regional markets
known as North America, Europe, Asia Pacific, and the rest of the world (RoW).
Europe is the key consumer of bio-based surfactants and therefore, it holds the
highest market shares. In Europe, the production of bio-based surfactants is
also highest. The market growth in this region has been attributed to
recovering (from recession) economies across the region with increasing income
and expenditure on consumer goods. During the forecast period, Europe is
expected to retain its dominance on the market due to favorable initiatives
that are being taken by European governments to promote the production of
bio-based products. The strong economies in Europe that are also
technologically advanced are France, Germany and the United Kingdom (UK).
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After Europe, North America is
the second biggest regional market for bio-surfactants. It is growing
moderately over the past few years. Here, bio-based surfactants have
significant application in the personal care industry which is driving the
demand for bio-based surfactants. Particularly the United States of America
(USA) and Mexico are the vital contributors to this market to a great extent.
Canada is another powerful economy in North America.
Although the Asia Pacific was
relatively a smaller market earlier, during the forecast period, it is expected
to have substantial shares due to the growing application industry. This is due
to countries like China and India have an extensive presence in agricultural,
personal care, and textile industry that is likely to raise the demand for
bio-based surfactants.
Key Players
The key players in the global
bio-based surfactants market AkzoNobel N. V (Netherland), BASF Cognis
(Germany), Croda International (UK), Chemtura Corporation (USA), Ecover
(Belgium), Evonik Industries (Germany), MG Intobio Co. Ltd (South Korea),
Mitsubishi Chemical Holdings (Japan), Saraya Co Ltd (Japan), and Urumqi Unite
Bio Technical Co. Ltd (China).
Latest Industry News
- BASF Cognis has
started a stepwise capacity increase of its production plant for
alkoxylation – a downstream technology of ethylene oxide production – in
Antwerp, Belgium. Alkoxylation is useful for manufacturing surfactants for
the home care industry and in industrial and institutional cleaning
applications. 6 SEP 2018
- Ghent University
and Eastman Chemical Company from the GREEN-CHEM network and several other
partners have collaborated to produce biobased amines as building blocks
for surfactants. 17 APR 2018.
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