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What are the factors driving Biosurfactants Market trend? BASF, Ecover, Saraya, Soliance, Sun Products Corporation, AkzoNobel, Croda International PLC, Evonik Industries
Biosurfactants Market
Biosurfactants are biomolecules formulated from various microorganisms, which have the ability to minimize the interfacial tension between two miscible fluids phases. They are emulsifiers and possess skin compatibility when compared to other synthetic surfactants. They are also utilized in pesticide and herbicide formulation, thereby stimulating product demand.
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Increasing demand for bio-based products in personal care, pharmaceuticals and food processing industries is likely to drive biosurfactants market over the forecast period. High biodegradability and longer shelf life with reduction in usage of petroleum-based products will favor industry demand.
Rhamnolipids biosurfactants market demand may surpass USD 50 million by 2024. These products are organic surfactants with superior properties including low toxicity and high biodegradability. These products are widely used in pharmaceutical and therapeutics industries owing to its antifungal, antimicrobial and low toxicity properties. Moreover, the expanding product application in personal care products due to its good foaming and wetting tendencies would promulgate industry growth.
Sophorolipids biosurfactants market may register significant gains at over 6.5% by 2024. Lactonic sophorolipids provide better biocidal and pro-inflammatory activities whereas acidic sophorolipids provide better foaming agents, higher water solubility. Sophorolipids from personal care application was valued at over USD 695 thousand in 2017 owing to its antifungal properties, which are likely to increase the product application to manufacture anti-dandruff shampoos.
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Methyl ester sulfonates biosurfactants market demand may surpass USD 850 million by the end of forecast period. The product is cost-effective over its counterparts as it has superior detergent properties which includes high absorption, solubilization and dispersing capabilities. MES from industrial cleaners' application may register significant gains at over 3.5% by 2024. Superior properties such as good detergency, excellent biodegradability, and improved calcium hardness tolerance may fuel the product demand.
North America biosurfactants market driven by Canada and the U.S. was valued at over USD 520 million in 2017. Increasing per captia income and expenditure on personal care products will propel regional industry growth. Increasing adoption of the product in new and unconventional markets will offer numerous opportunities for the regional industry growth.
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Europe biosurfactants market demand led by Germany, UK, France, Italy and Spain may register significant gains at over 4.5% by 2024. Increasing demand for eco-friendly products coupled with supportive government policies for bio-based products may foster the industry growth. Ecological protection policies and rising health awareness is expected to witness continuous development over the forecast timeframe.
Asia Pacific led by Japan, India and China biosurfactants market may surpass USD 530 million by the end of foreseeable timeframe. China and India have extensive presence of textile, personal care and agricultural industries which is projected to boost the demand for biosurfactants over the projected timespan. Japan and China have dictated the regional market on account of low overall production costs and competitive economies.
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