The global alkyl polyglucosides (APG) biosurfactants market stood over
USD 480 million in 2015. It is expected to reach USD 791 million by 2024, at more than 5.5 % CAGR during the forecast period (2016 to 2024). Awareness
about the probable health hazards of inorganic & conventional surfactants
along with rising adoption of sustainable products should drive the industry in
the next eight years. Besides, biological concerns regarding synthetic
surfactants are the key market propeller.
European & North American customers depend
on products that are obtained from renewable resources. The same is done to
avoid ecological damage from petroleum-derived products. Abundant availability
of renewable raw materials; like corn starch, fatty alcohols etc.; is projected
to favor the market. The worldwide industry price trend is said to be steady in
the near future. This is credited to rise in accessibility to raw materials,
the penetration of APG biosurfactants, & scale of economy.
Major end-users of the alkyl polyglucosides
(APG) biosurfactants market are personal care, household detergents, industrial
cleaners, agricultural chemicals, and cosmetics. Household detergents dominated
in the recent past and can grow stably till 2024. Their properties including
low toxicity and superior foaming make them more desirable.
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Natural surfactants possess excellent wetting
and emulsifying features as against their synthetic counterparts. Their broader
adoption and favorable regulations are predicted to influence price
developments and market penetration.
However; less consumer awareness, specifically
across Latin America and Asia-Pacific, coupled with the availability of cheaper
substitutes may act as an industry challenge. Customers in these two regions
are price-conscious, as surfactants here are accessible at competitive prices.
High feedstock prices also affect industry profitability.
Demand from other end-users, like downstream
renewable chemicals and biofuels, should prevent market growth. Customers
expect products to be bio-friendly, effective, and superior. All these factors
compel manufacturers to develop cost-effective technologies & boost their existing
production capacities (to cater to various end-users).
Geographically, the European APG biosurfactants
market reigned over the recent past. This region is anticipated to experience
steady gains from 2016 to 2024. Growth of its cosmetic & personal care industries;
particularly in France, the U. K., and Germany; along with preference for
products with natural ingredients will propel regional demand.
North America can observe considerable gains
over the next few years. Its nations, such as the United States and Canada, are
trying to substitute synthetically-derived surfactants with renewable products.
For example, there is wider demand to substitute linear alkyl benzene with
alkyl polyglucosides in detergents.
The Asian Pacific market is cost-sensitive and
reported to witness significant expansion. Increasing ‘middle-class’ disposable
incomes and growth across end-users; like cosmetics & personal care, may
boost regional demand.
Key companies operating in the worldwide alkyl
polyglucosides (APG) biosurfactants market comprise BASF Cognis; E. I. du Pont
de Nemours and Company; LG Household & Health Care; Shanghai Fine Chemical
and Henkel Co. Ltd.; and BASF S. E.. The industry is consolidated by nature.
Its five best firms captured over 80% shares in 2013. ‘BASF Cognis’ was the
biggest ‘biosurfactants’ manufacturer in 2013. It occupied over 20 % shares the
same year.
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