Press release
Rising Regulatory Pressure and Environmental Awareness Boost Biobased Degreaser Market Growth to US$1.5 Billion by 2031 | TMR Research
The global biobased degreaser market, valued at US$970.0 million in 2022, is set for steady growth. It is estimated to expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2031, reaching US$1.5 billion by 2031. This expansion reflects rising demand for eco-friendly cleaning solutions in industrial, commercial, and household applications, driven by sustainability trends and regulatory pressures. With a projected increase of over 54%, biobased degreasers are poised to transform cleaning practices through 2031.To Get Sample PDF Brochure from here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85495
Understanding the Biobased Degreaser Market
Biobased degreasers are cleaning agents derived from renewable sources like vegetable oils, citrus extracts, and soy, designed to remove grease, oil, and contaminants. Unlike petroleum-based degreasers, they are biodegradable, non-toxic, and reduce volatile organic compound (VOC) emissions by up to 80%, per 2023 EPA studies. Used in automotive, manufacturing, food processing, and household cleaning, the 2022 valuation of US$970.0 million highlights their growing adoption. The projected rise to US$1.5 billion by 2031 is driven by the industrial segment, which held a 45% share in 2022 due to its use in 20% of manufacturing facilities, per TMR. The 5.1% CAGR reflects their alignment with the US$70 billion global green cleaning market.
Key Drivers of Market Growth
Several factors are propelling the biobased degreaser market toward its US$1.5 billion milestone by 2031. First, increasing environmental regulations are a primary driver. Policies like the EU's REACH framework and U.S. EPA's Safer Choice program restrict hazardous chemicals, boosting demand for biobased alternatives in 15% of cleaning applications. This is particularly evident in Europe, which held a 35% market share in 2022, driven by strict VOC limits reducing emissions by 10%, per EU reports.
Second, advancements in formulation technology fuel growth. Innovations in plant-based surfactants, like BASF's 2023 soy-derived degreasers, enhance cleaning efficiency by 20%, per Cleaning Industry Journal. These formulations, adopted by 10% of manufacturers, maintain performance while being 100% biodegradable, supporting the 5.1% CAGR. Companies like Ecolab and Stepan are scaling production, with Ecolab's 2023 facility increasing output by 25%, driving the commercial segment, which grows at 5.3% CAGR for hospitality and healthcare cleaning.
Third, consumer and corporate sustainability trends enhance adoption. Over 65% of global consumers prefer eco-friendly products, per a 2023 Nielsen survey, driving household demand for biobased degreasers, which account for 25% of applications. Corporate commitments, with 20% of Fortune 500 companies like Unilever targeting net-zero supply chains by 2030, increase industrial use. E-commerce platforms, handling 20% of green cleaning sales, and certifications like USDA BioPreferred, covering 5% of products, reinforce the market's trajectory to US$1.5 billion.
Leading Companies:
Henkel (China) Investment Co. Ltd.
Carroll Company
BASF SE
Uzay Kimya
Natural Soy Products
Soy Technologies LLC
Global GreenTag
TurfSolv Solutions
NuGeneration Technologies
Cortec Corporation
DEWALT
Renewable Lubricants Inc.
Ecochem
BIONANO
Victory Polychem
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Market Segmentation and Regional Insights
The market segments by application, source, and end-use. Industrial applications led in 2022 with a 45% share, driven by manufacturing and automotive cleaning, while household applications grow at 5.4% CAGR due to consumer demand, per TMR. Vegetable oil-based degreasers held a 50% share, valued for cost-effectiveness, followed by citrus-based options for their strong solvency. End-uses include manufacturing, hospitality, food processing, and residential, with manufacturing dominating due to heavy grease applications.
Regionally, Europe led in 2022 with a 35% share, valued at US$339.5 million, driven by Germany and France's green regulations, projecting a 5.2% CAGR. North America held a 30% share, fueled by U.S. industrial and household demand, valued at US$291.0 million in 2022, growing at 5.0% CAGR. Asia-Pacific, with a 25% share, grows at 5.5% CAGR, driven by China and India's manufacturing sectors, while Latin America and Africa lag due to limited awareness, per TMR.
Challenges and Opportunities
The market faces challenges. Higher costs, 10-15% above petroleum-based degreasers, and limited raw material availability, with soybean oil supply fluctuations affecting 5% of production, pose risks. Competition from synthetic green cleaners, valued at US$2 billion in 2023, and low awareness in 15% of emerging markets hinder growth. The 5.1% CAGR reflects a market navigating these hurdles with strong sustainability demand.
These challenges present opportunities. Advances in microbial fermentation, like Stepan's 2023 bio-surfactants, could reduce costs by 10%. Emerging markets in Africa, growing at 6.0% CAGR, and partnerships, like Clariant's 2023 degreaser collaborations, enhance scalability. Regulatory incentives, covering 5% of bio-based product R&D, support the push to US$1.5 billion.
The Road to 2031
By 2031, the global biobased degreaser market is projected to reach US$1.5 billion, reflecting nine years of steady growth at a 5.1% CAGR from US$970.0 million in 2022. This milestone is driven by regulations, technological advancements, and sustainability trends. The market's trajectory suggests continued expansion, advancing eco-friendly cleaning solutions.
In conclusion, the global biobased degreaser market demonstrates steady growth from 2023 to 2031. Rising from US$970.0 million to US$1.5 billion, it addresses environmental and health needs with sustainable degreasers. Stakeholders-from producers like BASF, Ecolab, and Stepan to industries and consumers-play a vital role, ensuring biobased degreasers shape a cleaner, greener future through 2031 and beyond.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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