Global alkyl polyglucosides biosurfactants market size is likely to exceed 130 kilo tons in 2023

Global alkyl polyglucosides (APG) biosurfactants market size was estimated at over 90 kilo tons in 2015 and is likely to exceed 130 kilo tons in 2023 with an anticipated CAGR of more than 4.5% from 2016 to 2023. Revenue valued at close to USD 480 million in 2015 and is likely to be worth more than USD 750 million by 2023 with estimated gains at over 5.5%.

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Growing awareness towards potential health hazards caused from conventional & inorganic surfactants coupled with increase in sustainable product usage is likely to drive alkyl polyglucosides market size over the forecast period. Consumers in key regions such as North America and Europe are getting aware towards environmental hazards caused from petroleum derived products and are depending upon the products derived from renewable resources.

Abundant availability in the form of renewable raw materials such as fatty alcohol and corn starch is likely to favor growth. Alkyl polyglucosides market price trend should stable in the near future with an increase raw material availability, scale of economy and industry penetration.

Key end-use industries include household detergents, personal care, cosmetics, industrial cleaners and agricultural chemicals. Household detergents were the largest application and are expected to grow at steady rates. Properties such as superior foaming and low toxicity make them preferable over synthetically derived detergents. Natural surfactants also show excellent emulsifying and wetting properties with respect to synthetic counterparts. Growing acceptance and regulatory support for biosurfactants market is expected to play a key role for alkyl polyglucosides price development and industry penetration.

The global APG biosurfactants market share is moderately consolidated with companies competing on the quality and price. Key companies include DuPont, Shanghai Fine Chemical and Henkel. Other prominent companies include LG Household & Health Care, BASF, Clariant, Dow Chemical Company, CRODA, SPEC Chem, Jiangsu Shisheng, Yangzhou Chenhua and Fenchem.

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