The global Biosurfactants Market size is expected to reach USD 3.40 Billion in 2032 and register a steady revenue CAGR of 11.2% over the forecast period, according to the latest report by Reports and Data. Rising demand for fuel-efficient vehicles and low-toxicity oil spill dispersants and increasing need for sustainable and environment-friendly cleaning solutions are major factors driving market revenue growth.
Biosurfactants are made from renewable and bio-based resources and are biodegradable., which makes them a preferred alternative to traditional cleaning agents that can have negative impacts on environment. In addition, rising use of greener cleaning solutions, as consumers become more conscious about effects of chemicals on environment, , is another key factor driving revenue growth of the market. Moreover, governments and regulatory bodies are also promoting the use of sustainable cleaning products, further rising demand for biosurfactants. For instance, in May 2022, BASF Care Creations created Plantapon Soy, a bio-based anionic surfactant derived from soy protein that offers sustainability advantages. This is made from non-Genetically Modified Organisms (GMO) European soybeans and coconut oil and is compatible with vegan formulas and natural cosmetic certifications such as COSMOS. Plantapon Soy is 100% naturally derived and meets ISO 16128 standard and is suitable for cruelty-free labeled formulations.
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Major Companies: BASF SE, Solvay, DuPont, Dow, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ashland, Stepan Company, BIO-ON, Lion Corporation, Ecover, Croda International Plc, Henkel AG & Co. KGaA, Holiferm, and Sasol.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Biosurfactants market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Biosurfactants market?
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Biosurfactants Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2019-2032)
- Lipopeptides
- Lipopolysaccharides
- Glycolipids
- Phospholipids
- Polymeric Surfactants
Application Outlook (Revenue, USD Billion; 2019-2032)
- Industrial Cleanser & Detergents
- Personal Care
- Food Processing
- Oilfield Industry
- Agriculture Chemicals
- Others
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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