Alkyl Polyglucosides (APG) Biosurfactants Market worth USD 791 million by 2024A Chapter by David JonesAlkyl Polyglucosides Biosurfactants Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa ResearchThe global alkyl polyglucosides
(APG) biosurfactants market stood over USD 480 million in 2015. It is expected
to reach USD 791 million by 2024, at more than 5.5 % CAGR during the forecast
period (2016 to 2024). Awareness about the probable health hazards of inorganic
& conventional surfactants along with rising adoption of sustainable
products should drive the industry in the next eight years. Besides, biological
concerns regarding synthetic surfactants are the key market propeller.
European & North American
customers depend on products that are obtained from renewable resources. The
same is done to avoid ecological damage from petroleum-derived products.
Abundant availability of renewable raw materials; like corn starch, fatty alcohols
etc.; is projected to favor the market. The worldwide industry price trend is
said to be steady in the near future. This is credited to rise in accessibility
to raw materials, the penetration of APG biosurfactants, & scale of
economy.
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Major end-users of the alkyl polyglucosides (APG)
biosurfactants market are personal care, household detergents, industrial
cleaners, agricultural chemicals, and cosmetics. Household detergents dominated
in the recent past and can grow stably till 2024. Their properties including
low toxicity and superior foaming make them more desirable.
Natural surfactants possess excellent wetting and
emulsifying features as against their synthetic counterparts. Their broader
adoption and favorable regulations are predicted to influence price
developments and market penetration.
However; less consumer awareness, specifically across
Latin America and Asia-Pacific, coupled with the availability of cheaper
substitutes may act as an industry challenge. Customers in these two regions
are price-conscious, as surfactants here are accessible at competitive prices.
High feedstock prices also affect industry profitability.
Demand from other end-users, like downstream renewable
chemicals and biofuels, should prevent market growth. Customers expect products
to be bio-friendly, effective, and superior. All these factors compel
manufacturers to develop cost-effective technologies & boost their existing
production capacities (to cater to various end-users).
Geographically, the European APG biosurfactants market
reigned over the recent past. This region is anticipated to experience steady
gains from 2016 to 2024. Growth of its cosmetic & personal care industries;
particularly in France, the U. K., and Germany; along with preference for
products with natural ingredients will propel regional demand.
North America can observe considerable gains over the
next few years. Its nations, such as the United States and Canada, are trying
to substitute synthetically-derived surfactants with renewable products. For
example, there is wider demand to substitute linear alkyl benzene with alkyl
polyglucosides in detergents.
The Asian Pacific market is cost-sensitive and
reported to witness significant expansion. Increasing ‘middle-class’ disposable
incomes and growth across end-users; like cosmetics & personal care, may
boost regional demand.
Key companies operating in the worldwide alkyl
polyglucosides (APG) biosurfactants market comprise BASF Cognis; E. I. du Pont
de Nemours and Company; LG Household & Health Care; Shanghai Fine Chemical
and Henkel Co. Ltd.; and BASF S. E.. The industry is consolidated by nature.
Its five best firms captured over 80% shares in 2013. ‘BASF Cognis’ was the
biggest ‘biosurfactants’ manufacturer in 2013. It occupied over 20 % shares the
same year.
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Added on August 23, 2017 Last Updated on August 23, 2017 Tags: Alkyl Polyglucosides Biosurfacta AuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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