The global market for biosurfactants is expected to reach USD 2,308.8 million by 2020, according to a new study by Grand View Research, Inc. Rising consumer preference for bio-based products, particularly in Europe and North America, is expected to be the key factor driving the market growth. In addition, stringent regulatory policies are expected to augment the demand for biosurfactant over the next six years.
Methyl Ester Sulfonate (MES) was the most consumed biosurfactant, accounting for 33.26% of the 344 kilo ton global market in 2013. Its superior properties, in terms of foaming and stability, as compared to other surfactants make it ideally suited for use in household detergents. Other key biosurfactants include Alkyl Polyglucosides (APG), Sorbitan Esters, and Sucrose Esters, with combined demand estimated at 115 kilo tons in 2013.
To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/biosurfactants-industry
Further key findings from the study suggest:
- The global biosurfactant market is expected to reach 462 kilo tons by 2020, growing at a CAGR of 4.3% from 2014 to 2020.
- Household detergent was the largest application segment, consuming 153.5 kilo tons of biosurfactants in 2013. Growing demand for sustainable products in cleaning applications is expected to boost the demand for biosurfactants over the forecast period.
- Personal care applications are expected to gain significant share owing to the growing market for these products in Asia Pacific. In addition, growing consumer awareness regarding the benefits of bio-based personal care products is expected to have a positive influence on the market. The demand for biosurfactants in personal care is expected to reach 50.7 kilo tons by 2020, growing at a CAGR of 4.5% from 2014 to 2020.
- Europe was the largest regional market for biosurfactants, with a consumption of 178.9 kilo tons in 2013. High consumer awareness and demand for bio-based products are the key factors responsible for the high penetration of biosurfactants. Asia Pacific was a relatively smaller market in 2013 but is expected to gain significant share over the next six years owing to the presence of key manufacturing industries in the region.
- The global biosurfactants market is consolidated with the top five companies catering to nearly 90% of global demand. Key players in the market include BASF Cognis, Ecover, Urumqui Unite, Saraya, and MG Intobio.
