Biosurfactants Market Trends and Growth Projections from 2018 to 2024

Global Market Insights, Inc. has released a new research report on “Biosurfactants Market” to their offering. Biosurfactants Market is projected to register USD 2.7 billion by 2024. The report features in-depth analysis of the market with a focus on growth drivers and inhibitors, key market trends and issues, opportunities and challenges, current industry activities, product innovations, facts & estimates. It also gives the forecast for the predicted time frame, key participants, extensive product and geographic coverage. The report helps recognize the opportunities in this space by offering precise latent demand predictions to empower quantitative decision making amid current market participants, and new entrants.

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Growing environmental concerns have led to a drastic change in consumer and manufacturer preferences. On similar grounds, biosurfactants market is witnessing a major turnaround with shifting inclination from synthetic products to bio-based products. Rising concerns regarding synthetically derived surfactants and favorable norms set by renowned bodies such as REACH and EPA to promote eco-friendly products are set to significantly push the overall biosurfactants industry growth. Demand for naturally derived and sustainable products especially in Latin America and Asia Pacific have significantly impelled the growth of this industry.

Sulfate free, sugar-based products, and neem extracts are the major bio-based products with biodegradable, low- toxicity and cost-effective properties. Driven by the escalating demand in detergents & personal care sectors owing to the product’s high sustainability and longer shelf life, biosurfactants industry from these applications is projected to record substantial growth in the coming years. Biosurfactants market from household detergents collected revenue worth USD 785 million in 2015 and is likely to witness considerable demand in future.

Based on the types of products, biosurfactants industry comprise rhamnolipids, methyl ethyl sulfonates (MES), sorbitan esters, sucrose esters, and alkyl polyglucosides (APG). The methyl ethyl sulfonates are biodegradable and are therefore primarily used in laundry detergent. Its high tolerance toward calcium ions also makes it preferable for laundry soaps. MES biosurfactants market collected a revenue of USD 580 million in 2015. Rhamnolipids is another prominent product in this industry, projected to witness highest CAGR of 7.5% over the period of 2016-2023. These are widely used in formulation of moisturizers and shampoos. Sophorolipids and monoglyceride have a strong application scope in personal care products as they possess intrinsic properties and biocompatibility with human skin. The Alkyl polyglucosides biosurfactants finds application in aluminum brighteners and metal cleaner detergents. Growing household based detergent demand is likely to boost APG biosurfactants market, which is set to record 4% annual growth rate over 2016-2023.

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As per a report by Global Market Insights, Inc., the global biosurfactants market is expected to exceed 520 kilo tons in terms of volume and generate revenue over USD 2.6 billion by 2023. Consumer preference for bio-based ingredients in the U.S. have significantly influenced the regional biosurfactants industry. Growing regional demand coupled with increase in spending capacity is set to lead the U.S. biosurfactants market size to surpass 120 kilo tons by 2023. Furthermore, strong demand from personal care, textiles, chemicals and agricultural industries in the emerging economies of India and China has opened up huge growth prospects for the business expansion. China biosurfactants market is foreseen to grow at an annual rate of 4.5% over the period of 2016-2023.

Increasing investments in the research activities to develop 100% bio-based products along with robust technological developments will create huge opportunities for the market participants. The major challenge for these market players will be achieving cost effectiveness over the synthetic & petrochemical counterparts. Ecover, Saraya, BASF-Cognis, Urumqui, and MG Intobio Co. Ltd. are the key biosurfactants market players holding more than 65% of the overall business space. Other notable industry players include Mitsubishi Chemical, Lion Corporation, Croda International, Chemtura Corporation, Sun Products, and AkzoNobel.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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