New York, USA, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Bio-Based Surfactants Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Bio-Based Surfactants Market Information by Form, Application, Product Type, And Regions - Forecast till 2030”, the market is estimated to grow at a 3.9% CAGR to reach USD 24.78 Billion by 2030.
Market Synopsis
Bio-based surfactants are surface-active compounds produced by providing oleochemicals to oils and fats or by maturing sugar-like molasses. These surfactants are typically produced in small quantities and at a high value, particularly for premium client products. They are particularly advantageous because they may be produced using renewable resources. Depending on the structure of the bio-based surfactant, the interaction with the residue may be different.
These surfactants are extraordinarily biodegradable and less toxic. They enhance hydrocarbon emulsification and solubilize foreign hydrocarbon compounds. These surfactants operate as dispersants, degreasers, emulsifiers, solubilizing experts, stabilizers, frothing experts, anti-microbial experts, and antagonistic to cement experts. Depending on their structural makeup, bio-based surfactants have been classified as nonionic, anionic, cationic, and amphoteric surfactants. In creating laundry and home cleaning solutions, surfactants play a vital role. Among their ingredients, modern detergents include chemical surfactants, oxidizing agents, softeners, and various enzymes. Surfactants are also all manufactured synthetically and are dangerous to young aquatic life. The heightened consumer knowledge of environmental issues and concerns related to compound surfactants has rekindled interest in finding characteristic eco-friendly substitutes for them in garment cleaners.
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Report Scope:
| Report Attribute | Details |
| 2030 Market Size | USD 24.78 Billion |
| CAGR | 3.9% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Form, Application, Product Type, And Regions |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Bio-based surfactants are by and large broadly utilized in the beauty care products |
| Developing an inclination for bio-based items in applications including oilfield, agribusiness, and handling |
Market Competitive Landscape:
The prominent companies in the bio-based surfactant market are:
- Galaxy Surfactants Ltd (India)
- BASF SE (Germany)
- Air Products and Chemicals, Inc (US)
- Stepan Company (US)
- Clariant (Switzerland)
- Akzo Nobel NV (Netherlands)
- Solvay (Belgium)
- Sirius International BV (Netherlands)
- Croda International PLC (UK)
- Kao Corporation (Japan)
- Sasol (South Africa)
- Enaspol AS (Czech Republic)
Market USP Covered:
Market Drivers:
Growing ecological regulations imposed by state-run governments worldwide against synthetic compounds in cleansers due to their unfavorable influence on the climate when dispersed in water have a significant impact on the development of the global bio-based surfactants. Growing consumer awareness of environmental risks will undoubtedly lead to increased bio-based surfactants over conventional surfactants. Authorities are supporting initiatives promoting green chemistry and company sustainability, such as a ban on single-use plastic bags and disposable carry bags, which will help the industry expand.
As emollients, thickening, and purifying experts who help adjust the thickness of moisturizers and creams, bio-based surfactants are generally widely used in the personal care and beauty products industries. Nowadays, significant technological advancements are needed to produce biologically generated goods on a wide scale. The manufacturers' growing investments in technology development and the government's supportive laws will favor the expansion of the bio-based chemicals industry.
Market Restraints:
The market for bio-based surfactants is primarily constrained by fluctuating raw material prices and environmental constraints. Since ethylene is a major component of anionic surfactants, supply and price changes are common. The market for bio-based surfactants is experiencing difficulty with profit margins due to the rise in production costs brought on by price volatility. However, some factors are anticipated to function as inhibitors, including high raw material costs, costs related to product purification, poorer efficiency, and high production costs compared to other synthetic detergents on the market.
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COVID 19 Analysis
Contrarily, COVID-19 had an impact on the market. Contrarily, the market for beauty care goods was impacted. However, as awareness of personal hygiene and a clean environment has grown in the contemporary environment, it has stoked demand for household cleaning products and advanced the market development of bio-surfactants. Through various therapeutic, pharmacological, environmental, and hygienic methods, biosurfactants can significantly contribute to preventing, controlling, and managing illness brought on by these pathogenic agents.
Biosurfactants can prevent the spread of microorganisms that can potentially cause diseases with high morbidity and mortality and restrict the growth of microbes with inherent virulent properties. Additionally, a plentiful supply of crude oil globally has made it easier for manufacturers of synthetic chemicals to obtain raw materials at cheaper costs, which has had a big impact on the manufacturing of the chemicals.
Market Segmentation
By Form
The anionic segment is predicted to lead the market in the forecast period.
By Product Type
The methyl glucoside segment will advance the market in the forecast period.
By Application
The modern and institutional cleaners’ segment will advance the market in the forecast period.
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Regional Insights
Over the study period, it is anticipated that the Asia-Pacific market, which now holds the greatest share of the global market for bio-based surfactants, would expand significantly. The modernization of rural areas has substantially increased interest in commercial and institutional cleaners and bio-based surfactants. To foster a preference for liquid chemicals in the region's emerging nations, it is imperative to provide profitable opportunities to the businesses functioning in the Asia-Pacific bio-based surfactants market.
Europe is anticipated to be the clear market for bio-based surfactants due to the rising laws on using modified materials to produce chemicals. Reports of substantial advancements during the review period are necessary for the North American market. Interest in bio-based surfactants for oilfield applications will undoubtedly rise due to the region's developed oil and gas sector. Latin American industrialization, which is expanding quickly, especially in Mexico and Brazil, is anticipated to make substantial strides in the market there. Since they are more aware of the benefits that environmentally friendly options offer for the environment, consumers in these regions frequently choose them. Environmental regulations in the United States have also increased the need for bio-based anionic surfactants in this region.
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