Biosurfactants are surface-active substances synthesized by the living cell. They can cause less pollution as they have low toxicity and high biodegradability. Market Research Future (MRFR) has published a research report about the global bio-based surfactants market that estimates expansion for this market between 2016 and 2023. Analyzing the market structure, this report evaluates the future growth potential of the market. It analyzes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
The key drivers enhancing the market growth for bio-based surfactants include their environmental friendly nature, demand for green product among consumers which are eco-friendly and less damaging to human health, high biodegradability, low degradability, low toxicity, performance under extreme condition, possibility of large-scale production, and lastly, the regulatory compliance by the governments which restrict the rising use of petroleum-based (synthetic surfactants).
The global bio-based surfactants market has been segmented on the basis of end-use industry, product type, and lastly region. Based on end-use industry, this market has been segmented into agricultural chemicals, food processing, household detergents, industrial & institutional cleaners, personal care, oilfield chemicals, textiles, and others. As per the product types, the market has been segmented into alkyl polyglucosides (APG), alkyl polypentosides (APP), anionic APG derivatives, fatty acid n-methylglucamine, methyl ether sulfonates (MES), methyl glucoside esters, rhamnolipids, sophorolipids, sorbitan esters, sucrose esters, and others.
The regional segmentation of global Bio-Based Surfactants Market segments the market into regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW). Europe is the key consumer of bio-based surfactants and therefore, it holds the highest market shares. In Europe, the production of bio-based surfactants is also highest. The market growth in this region has been attributed to recovering (from recession) economies across the region with increasing income and expenditure on consumer goods. During the forecast period, Europe is expected to retain its dominance on the market due to favorable initiatives that are being taken by European governments to promote the production of bio-based products. The strong economies in Europe that are also technologically advanced are France, Germany and the United Kingdom (UK).
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After Europe, North America is the second biggest regional market for bio-surfactants. It is growing moderately over the past few years. Here, bio-based surfactants have significant application in the personal care industry which is driving the demand for bio-based surfactants. Particularly the United States of America (USA) and Mexico are the vital contributors to this market to a great extent. Canada is another powerful economy in North America.
Although the Asia Pacific was relatively a smaller market earlier, during the forecast period, it is expected to have substantial shares due to the growing application industry. This is due to countries like China and India have an extensive presence in agricultural, personal care, and textile industry that is likely to raise the demand for bio-based surfactants.
The key players in the global bio-based surfactants market AkzoNobel N. V (Netherland), BASF Cognis (Germany), Croda International (UK), Chemtura Corporation (USA), Ecover (Belgium), Evonik Industries (Germany), MG Intobio Co. Ltd (South Korea), Mitsubishi Chemical Holdings (Japan), Saraya Co Ltd (Japan), and Urumqi Unite Bio Technical Co. Ltd (China).
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