Escalating consumer preference towards the use of bio-based products, particularly in Europe and North America is expected to increase biosurfactant penetration. In addition, stringent regulatory policies are further expected to augment the biosurfactant demand over the next six years.
The Global Biosurfactants Market is expected to reach USD 2,308.8 million by 2020, according to a new study by Grand View Research, Inc.
Methyl Ester Sulfonate (MES) was the largest 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.
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 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 consumption of 178.9 kilo tons in 2013. High consumer awareness and demand for bio-based products is a key reason for the high penetration of biosurfactants.
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Asia Pacific was a relatively small market in 2013 but is expected to gain significant share over the next six years owing to the presence of large manufacturing industries in the region.
Top Players of Biosurfactants Market:
Key players in the market include BASF Cognis, Ecover, Urumqui Unite, Saraya and MG Intobio.
Market Segmentation of Biosurfactants Market:
The Global Biosurfactants Market segmented on the basis of Application, Product and Region.
By Application:
Household Detergents
Personal Care
Industrial & Institutional Cleaners
Food Processing
Oilfield Chemicals
Agricultural Chemicals
Textiles
By Product:
Rhamnolipids
Sophorolipids
Methyl Ester Sulfonates (MES)
Alkyl Polyglucosides (APG)
Sorbitan Esters
Sucrose Esters
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