The global market for Biosurfactants is expected to reach USD 2,308.8 million by 2020, according to a new study by Grand View Research, Inc. Rising consumer preference for bio-based products, particularly in Europe and North America, is expected to be the key factor driving the market growth. In addition, stringent regulatory policies are expected to augment the demand for biosurfactant over the next six years.
Methyl
Ester Sulfonate (MES) was the most consumed biosurfactant, accounting for
33.26% of the 344 kilo ton global market in 2013. Its superior properties, in
terms of foaming and stability, as compared to other surfactants make it
ideally suited for use in household detergents. Other key biosurfactants
include Alkyl Polyglucosides (APG), Sorbitan Esters, and Sucrose Esters, with
combined demand estimated at 115 kilo tons in 2013.
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Further
key findings from the study suggest:
- The global
biosurfactant market is expected to reach 462 kilo tons by 2020, growing
at a CAGR of 4.3% from 2014 to 2020.
- Household
detergent was the largest application segment, consuming 153.5 kilo tons
of biosurfactants in 2013. Growing demand for sustainable products in
cleaning applications is expected to boost the demand for biosurfactants
over the forecast period.
- Personal
care applications are expected to gain significant share owing to the
growing market for these products in Asia Pacific. In addition, growing
consumer awareness regarding the benefits of bio-based personal care
products is expected to have a positive influence on the market. The
demand for biosurfactants in personal care is expected to reach 50.7 kilo
tons by 2020, growing at a CAGR of 4.5% from 2014 to 2020.
- Europe was
the largest regional market for biosurfactants, with a consumption of
178.9 kilo tons in 2013. High consumer awareness and demand for bio-based
products are the key factors responsible for the high penetration of
biosurfactants. Asia Pacific was a relatively smaller market in 2013 but
is expected to gain significant share over the next six years owing to the
presence of key manufacturing industries in the region.
- The global
biosurfactants market is consolidated with the top five companies catering
to nearly 90% of global demand. Key players in the market include BASF
Cognis, Ecover, Urumqui Unite, Saraya, and MG Intobio.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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