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

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

“The Latin America 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 “Latin America 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 Latin America 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.

Latin America 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 Latin America 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.
Leads the Latin America Sophorolipids Market

Precision Business Insights (PBI) Latin America sophorolipids market report analyses the market in different countries of Latin America such as Brazil, Mexico, Chile, Argentina, and Rest of Latin America. The implementation of agro ecology farming technology in countries of Latin America such as Brazil, Ecuador, Costa Rica and Mexico is expected to provide a constant supply of raw material for sophorolipids production. Major growth is foreseen in countries like Mexico and Brazil and is expected to register a significant CAGR during the forecast period.

Strategic Collaborations Play Vital Role in Sophorolipids Market

Key players implement various strategies to establish their footprint in the Latin America 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 Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America

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Precision Business Insights,

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

This release was published on openPR.