Global Biosurfactants Market Size to Reach USD 3.40 Billion in 2032
Rising demand for low-toxicity oil spill dispersants is a major factor driving biosurfactants market revenue growth
The global Biosurfactants
Market size is expected to reach USD 3.40 Billion in 2032 and register
a steady revenue CAGR of 11.2% over the forecast period, according to the
latest report by Reports and Data. Rising demand for fuel-efficient vehicles
and low-toxicity oil spill dispersants and increasing need for sustainable and
environment-friendly cleaning solutions are major factors driving market
revenue growth.
Biosurfactants are made from renewable and bio-based
resources and are biodegradable., which makes them a preferred alternative to
traditional cleaning agents that can have negative impacts on environment. In
addition, rising use of greener cleaning solutions, as consumers become more
conscious about effects of chemicals on environment, , is another key factor
driving revenue growth of the market. Moreover, governments and regulatory
bodies are also promoting the use of sustainable cleaning products, further
rising demand for biosurfactants. For instance, in May 2022, BASF Care
Creations created Plantapon Soy, a bio-based anionic surfactant derived from
soy protein that offers sustainability advantages. This is made from
non-Genetically Modified Organisms (GMO) European soybeans and coconut oil and
is compatible with vegan formulas and natural cosmetic certifications such as
COSMOS. Plantapon Soy is 100% naturally derived and meets ISO 16128 standard
and is suitable for cruelty-free labeled formulations.
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Major Companies: BASF SE, Solvay, DuPont,
Dow, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ashland, Stepan Company,
BIO-ON, Lion Corporation, Ecover, Croda International Plc, Henkel AG & Co.
KGaA, Holiferm, and Sasol.
Competitive Landscape:
The report further sheds light on the competitive
landscape and provides in depth information about each market player including
its global position, product portfolio, financial standing, revenue growth and
company overview. The market players are focused on adopting various inorganic
and organic growth strategies such as mergers and acquisitions, joint ventures,
collaborations, product launches and partnerships to gain a robust footing in the
market.
Key questions addressed in the report:
·
What
is the expected market size of the global Biosurfactants market during the
forecast period?
·
What
CAGR is the global market expected to register during the forecast period?
·
Which
key factors are expected to boost global market growth between 2021 and 2028?
·
What
are the key restraints that are expected to hamper global market growth?
·
Which regional market is
expected to register robust CAGR during the forecast period?
·
Which
key players are operating the global Biosurfactants market?
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Biosurfactants Market Segmentation:
Product
Type Outlook (Revenue, USD Billion; 2019-2032)
- Lipopeptides
- Lipopolysaccharides
- Glycolipids
- Phospholipids
- Polymeric
Surfactants
Application
Outlook (Revenue, USD Billion; 2019-2032)
- Industrial
Cleanser & Detergents
- Personal Care
- Food
Processing
- Oilfield
Industry
- Agriculture Chemicals
- Others
- Others
Key Regional Markets Covered
in the Report:
·
North America (U.S.A.,
Canada, Mexico)
·
Europe (Italy, U.K.,
Germany, France, Rest of Europe)
·
Asia Pacific (India,
China, Japan, South Korea, Australia, Rest of Asia Pacific)
·
Latin America (Chile,
Brazil, Argentina, Peru, Rest of Latin America)
·
Middle East & Africa
(Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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