Europe Sophorolipids Market To Be Valued US$ XX Mn by 2025, Due to Rising Application of Sophorolipids in Bio pesticide Manufacturing

Europe Sophorolipids Market To Be Valued US$ XX Mn by 2025, Due to Rising Application of Sophorolipids in Bio pesticide Manufacturing

“The Europe Sophorolipids Market poised to reach US$ XX Mn by 2025 with a significant CAGR over seven years forecast period 2019-2025” owing to the rising application of sophorolipids in bio pesticide manufacturing.

Precision Business Insights (PBI) in its report titled “Europe Sophorolipids Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The Europe sophorolipids market was valued at US$ XX Mn in 2018 and projected to reach US$ XX Mn by 2025. Growing importance of cleaning agents for oil spills in energy sector on account of reducing exposure to marine life located in offshore is expected to have a positive impact on sophorolipids market. Increasing deployment of sophorolipids for bio remediation applications in agriculture industry on account of effective removal of oil and pesticides from soil is expected to have a positive impact on market. Rising application of sophorolipids in manufacturing bio pesticides on account of effectively removing pathogens is expected to have a favorable impact on the market. However, due to high cost associated with extraction and distillation of bio based surfactants as compared to petrochemical counterpart’s restraints the growth of sophorolipids market.

Europe Sophorolipids market segmented on the basis of application and geographical regions.

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Bio surfactants Segment Accounted for Higher Revenue Share

Based on application Europe sophorolipds market is segmented into household detergents, industrial & institutional cleaners, personal care, oilfield chemicals, agricultural chemicals, food processing, textiles, others (bioremediation, medical and pharmaceutical). Based on application, the detergents segment is projected to lead the market between 2017 and 2022. Bio surfactants are widely used in the home care industry, especially for detergents as a better alternative to chemical surfactants which are toxic to the environment. Bio surfactants typically offer enhanced properties as compared to conventional surfactants in terms of oil removal, stains, and biodegradability. The high demand for bio surfactants from the home care industry is expected to drive the bio surfactants market between 2017 and 2022.
Germany is an Emerging Nation in Europe Sophorolipids Market

Precision Business Insights (PBI) Europe sophorolipids market report analyses the market in different countries of Europe such as Germany, UK, France, Russia, Spain, Italy, and Rest of Europe. Rising importance of health safety and cleanliness in Africa is expected to play a crucial role in enhancing production output in pharmaceutical and cleaning industry which is expected to fuel sophorolipids demand. In January 2014, European Commission launched Horizon 2020 Strategy, aimed at developing a sustainable bio economy in Europe by 2020. This is expected to result in increasing consumption and production of bio based products and is expected to have a favorable impact on sophorolipids market. Germany is the emerging leader amongst the European countries in both production and consumption of bio-surfactants. Major drivers of the sophorolipids market include environmental concerns, regulatory compliance, and fluctuating oil prices. Demand for sophorolipids is likely to increase in applications such as detergents and cosmetics where environmental concerns are more prominent. Sophorolipids can replace several major synthetic surfactants such as polyoxyethylene alkyl ether, sodium dodecyl sulfate, and trimethylglycine.

Strategic Collaborations Play Vital Role in Sophorolipids Market

Key players implement various strategies to establish their footprint in the Europe market, thereby enhancing their sale and outreaching the customers. For instance, in February 2014, Royal DSM announced collaboration with SyntheZyme LLC to develop and manufacture range of sophorolipids, based on SyntheZymes bio surfactants platform.
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Key player’s profiles in the report are saraya, ecover, MG intobio , soliance , cognis, among others.

Detailed Segmentation

By Application Type
o Household Detergents
o Industrial & Institutional cleaners
o Personal care
o Oilfield chemicals
o Agricultural chemicals
o Food processing
o Textiles
o Others (Bioremediation, medical and pharmaceutical)

Geography
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe

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Precision Business Insights,

Kemp House,
152 – 160 City Road,
London EC1V 2NX

This release was published on openPR.