The global biosurfactants market is projected to grow at a CAGR of 5.6% from 2017 to 2022
The global biosurfactants market is estimated at USD 4.20 billion in 2017 and is projected to reach USD 5.52 billion by 2022, at a CAGR of 5.6% from 2017 to 2022. Growth of the market is triggered by the growing awareness among consumers created by regulatory organizations. There is an increasing demand for green solutions by various end-use industries for 100% biodegradability, which is also leading to a high demand for low-cost biosurfactants. However, the current higher cost associated with the production of biosurfactants as compared to conventional chemical surfactants, acts as a major restraint for the market.
Sophorolipid is the largest type of the global biosurfactants market
Based on type, sophorolipids accounted for the largest share of the global biosurfactants market in 2016. This large share is mainly attributed to the strong demand from the home care industry, especially for detergents. There is a high demand for low-cost and eco-friendly biosurfactants from various end-use industries to reduce environmental pollution levels worldwide.
Detergents is the largest application segment of the global biosurfactants market
Based on application, the detergents segment is projected to lead the market between 2017 and 2022. Biosurfactants are widely used in the home care industry, especially for detergents as a better alternative to chemical surfactants which are toxic to the environment. Biosurfactants typically offer enhanced properties as compared to conventional surfactants in terms of oil removal, stains, and biodegradability. The high demand for biosurfactants from the home care industry is expected to drive the biosurfactants market between 2017 and 2022.
Europe to be the largest biosurfactants market during the forecast period
The European region is expected to lead the global biosurfactants market between 2017 and 2022. Germany is the key producer and consumer of biosurfactants in Europe. Intensive R&D, early product commercialization, and strict government regulations have led to an increase in the demand for biosurfactants in Europe.
Breakdown of profiles of primary interviews for the report
• By Company Type: Tier 1 – 50%, Tier 2 –30%, and Tier 3 – 20%
• By Designation: C Level – 50%, Director Level – 10%, and Others – 40%
• By Region: Europe – 32%, Asia Pacific– 29%, North America – 21%, Middle East & Africa – 11%, South America – 7%
Some of the key companies profiled in this report include Evonik (Germany), Jeneil Biotech (US), Ecover (Belgium), and Biotensidon (Germany), among others.
This research study aims at identifying emerging trends and opportunities in the global biosurfactants market, along with a detailed classification, in terms of value. It identifies key players in the market and provides a comprehensive competitive landscape. The global biosurfactants market has been segmented by type, application, and region. Based on type, the market has been segmented into glycolipids and lipopeptides. Based on application, the market has been segmented into detergents, personal care, food processing, agricultural chemicals, and others. Based on region, the market has been segmented into Asia Pacific, Europe, North America, Central & South America, and the Middle East & Africa.
Key benefits of buying the report
• Market segmentation based on type, application, and region
• Market dynamics including drivers, restraints, and opportunities
• Porter’s Five Forces Analysis
• Profile of key players in the global biosurfactants market