Bio-Based Surfactants Market Overview
Bio-Based Surfactants Market is projected to be worth USD 24.78 Billion by 2030, registering a CAGR of 3.90% during the forecast period (2022 - 2030).
Biobased or bio-based surfactants market are compounds present on microbial cell surfaces or by production from oleochemicals from natural sources such as molasses. They are highly biodegradable with low levels of toxicity.
Market Scope
The market is headed for a windfall owing to stringent regulations on the use of harmful chemicals in detergents and washing powders. Environmental awareness among the masses is expected to encourage the production of bio-surfactants. The use of these surfactants as emollients or thickening agents to increase the viscosity of lotions and creams is a plus for the market. Preference for personal cosmetics will drive the market growth till the end of the forecast period.
In addition, the widened scope of bio-based surfactants in sectors of agriculture, oilfields, and processing can fuel the market growth.
Segmentation
The global bio-based surfactants market has been segmented based on form, product type, and application.
Based on product type, the global market has been segmented into rhamnolipids, methyl ester sulfonates (MES), methyl glucoside esters, alkyl polyglucosides (APG), sucrose esters, anionic APG derivatives, and others.
Based on application, the global market has been categorized into oilfield chemicals, oilfield chemicals, household detergents, industrial institutional cleaners, textile, agriculture chemicals, food processing, and others. Household detergents accounted for the largest market share in 2018 and will lead the market till 2025. This can be attributed to the use of surfactants in laundry detergents, dishwashing liquids, and fabric softeners.
Based on form, the global market has been segregated into anionic, cationic, non-ionic, and amphoteric. Non-ionic surfactants are expected to take the lead in the global bio-based surfactants market owing to its ability to non-ionise on its dissolution in aqueous solutions or other liquids.
Competition Outlook
Clariant, Sasol, Galaxy Surfactants Ltd, Sirius International BV, Akzo Nobel NV, Solvay, Kao Corporation, BASF SE, Enaspol AS, Air Products and Chemicals, Inc, Stepan Company, and Croda International PLC are noteworthy players of the global bio-based surfactants market
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Regional Analysis
The global market, by region, has been classified as North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East Africa (MEA).
The market in APAC accounted for the largest share in the global bio-based surfactants market in 2018 and is expected to witness significant growth during the review period. The growth of industries in the developing countries is the prime factor driving the demand for industrial and institutional cleaners and thus, bio-based surfactants. Growing preference for liquid detergents in countries of APAC owing to its easy-to-use nature can find scope for bio-based surfactants.
Europe is projected to be a large region for bio-based surfactants on account of stringent regulations on the use of chemicals in the manufacture of detergents. For instance, the International Association for Soaps, Bio-Based Surfactants, and Maintenance Products established by the European Commission and its policies restricting the use of phosphorus and phosphates in laundry detergents and automatic dishwasher detergents.
The global bio-based surfactants market in North America is projected to witness massive growth during the review period. The well-established oil and gas industry in the region is likely to be a catalyst fueling the need for bio-based surfactants.
The Latin American market is expected to exhibit considerable growth concerning the rapidly expanding industrialization, particularly in Mexico and Brazil. Similarly, the MEA is likely to witness moderate growth during the review period on account of various end-use industries.
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