Germany biosurfactants market should register over 4% gains by 2023.
Growing environmental concerns have led to a drastic change in consumer
and manufacturer preferences. On similar grounds, biosurfactants market is
witnessing a major turnaround with shifting inclination from synthetic products
to bio-based products. Rising concerns regarding synthetically derived
surfactants and favorable norms set by renowned bodies such as REACH and EPA to
promote eco-friendly products are set to significantly push the overall
biosurfactants industry growth. Demand for naturally derived and sustainable
products especially in Latin America and Asia Pacific have significantly
impelled the growth of this industry.
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Sulfate free, sugar-based products, and neem extracts are the major bio-based
products with biodegradable, low- toxicity and cost-effective properties.
Driven by the escalating demand in detergents & personal care sectors owing
to the product's high sustainability and longer shelf life, biosurfactants
industry from these applications is projected to record substantial growth in
the coming years. Biosurfactants market from household detergents collected
revenue worth USD 785 million in 2015 and is likely to witness considerable
demand in future.
Other application segments of biosurfactants industry include industrial
cleaners, agricultural chemicals, textiles, food processing, oilfield
chemicals, and personal care. These biosurfactants are derived from vegetable
oils and fatty alcohols. In the food processing applications, biosurfactants
are used as foams, emulsifiers, gels, and stabilizers. Biosurfactants market
from food processing segment is anticipated to grow a rate of 4.5% over the
period of 2016-2023. Industrial cleaner biosurfactants are widely used for oil
surface cleaning and paint stripping and are estimated to register 4% CAGR from
2016-2023.
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Based on the types of products, biosurfactants industry comprise rhamnolipids,
methyl ethyl sulfonates (MES), sorbitan esters, sucrose esters, and alkyl
polyglucosides (APG). The methyl ethyl sulfonates are biodegradable and are
therefore primarily used in laundry detergent. Its high tolerance toward
calcium ions also makes it preferable for laundry soaps. MES biosurfactants
market collected a revenue of USD 580 million in 2015. Rhamnolipids is another
prominent product in this industry, projected to witness highest CAGR of 7.5%
over the period of 2016-2023. These are widely used in formulation of
moisturizers and shampoos.
Sophorolipids and monoglyceride have a strong application scope in personal
care products as they possess intrinsic properties and biocompatibility with
human skin. The Alkyl polyglucosides biosurfactants finds application in
aluminum brighteners and metal cleaner detergents. Growing household based
detergent demand is likely to boost APG biosurfactants market, which is set to
record 4% annual growth rate over 2016-2023.
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As per a report by Global Market Insights, Inc., the global biosurfactants
market is expected to exceed 520 kilo tons in terms of volume and generate
revenue over USD 2.6 billion by 2023. Consumer preference for bio-based
ingredients in the U.S. have significantly influenced the regional
biosurfactants industry. Growing regional demand coupled with increase in
spending capacity is set to lead the U.S. biosurfactants market size to surpass
120 kilo tons by 2023. Furthermore, strong demand from personal care, textiles,
chemicals and agricultural industries in the emerging economies of India and
China has opened up huge growth prospects for the business expansion. China
biosurfactants market is foreseen to grow at an annual rate of 4.5% over the
period of 2016-2023.
Increasing investments in the research activities to develop 100% bio-based
products along with robust technological developments will create huge
opportunities for the market participants. The major challenge for these market
players will be achieving cost effectiveness over the synthetic &
petrochemical counterparts. Ecover, Saraya, BASF-Cognis, Urumqui, and MG
Intobio Co. Ltd. are the key biosurfactants market players holding more than
65% of the overall business space. Other notable industry players include
Mitsubishi Chemical, Lion Corporation, Croda International, Chemtura
Corporation, Sun Products, and AkzoNobel.
Germany biosurfactants market should register over 4% gains by 2023.
Reviewed by Pradip Varpe
on
December 06, 2017
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