Market Analysis:
The Global Bio-Based Surfactants Market in the last couple of years has witnessed an incremental growth and is expected to thrive at an impelling CAGR over the forecast period (2016-2023). Also known as natural surfactants, it is derived from the natural living cells, as a result it is environmentally friendly. It is largely used to reduce surface tension as detergents and wetting agents. As opposed to the earlier surfactants that were derived from synthetic oils, currently it is produced from seed oils or petroleum. These surfactants offer an array of perks such as potential application in protection of the environment, considerable resistivity under very high temperature conditions and environmentally friendly nature. Based on these benefits, these surfactants are largely used in different applications such as detergents, oilfield chemicals, institutional and industrial cleaning and personal care. The different types of bio-based surfactants include cationic, amphoteric, anionic and nonionic.
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There are a couple of factors that is driving the growth of the Bio-Based Surfactants Market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing awareness of the various perks of using the numerous bio-based ingredients, rising use of Bio-Based Surfactants in different industries, low toxicity, high biodegradability and increase in the use of green products. On the flip side, time-consuming and expensive legal procedures to develop new products is likely to restrain the growth of Bio-Based Surfactants Market over the forecast period.
Market Segmentation:
Market Research Future report provides a comprehensive segmental analysis of the Bio-Based Surfactants Market on the basis of Product Type and End Use.
Based on Product Type, it is segmented into methyl glucoside esters, rhamnolipids, anionic APG derivatives, sophorolipids, sorbitan esters, fatty acid N-methylglucimides, sucrose esters, alkyl polypentosides, alkyl polyglucosides and methyl ester sulphonate. Of these, the methyl ester sulphontes leads the bio-based surfactants market followed by alkyl polyglucosides.
Based on End-Use, the Bio-Based Surfactants Market is segmented into textiles, personal care products food processing, institutional and industrial cleaners, household detergents, oilfield chemicals, agricultural chemicals and others.
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Regional Analysis:
Based on Region, the Bio-Based Surfactants Market covers growth opportunities and latest trends across North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa. Of these, Europe has the largest share in the market. The factors that can be attributed to the growth of the market in this region include recovering economies, and increase in expenditure and income on consumer goods.
Moreover, this region is predicted in holding its position all through the forecast period due to favorable initiatives that the government here has undertaken for promoting bio-based product promotion. North America grabs the second position in the Bio-Based Surfactants Market which in the last few years have been growing moderately. The use of Bio-Surfactants in this region have significant application especially in the personal care industry which has propelled the market growth. The US and Mexico in particular are the key contributors. The Bio-Based Surfactants Market in the APAC region is relatively smaller but is projected to have a favorable share during the forecast period due to the growing application industry. It is owing to countries such as India and China that have a noteworthy presence in various industries including personal care, agricultural and textile which is anticipated to boost the bio-based surfactants market demand.
Key Players:
Leading players profiled in the Bio-Based Surfactants Market include Chemtura Corporation (US), Evonik industries (Germany), Croda International (UK), Mitsubhi Chemical holdings (Japan), AkzoNobel N. V (Netherland), Saraya Co Ltd (Japan), MG Intobio Co. Ltd (South Korea), Urumqi Unite Bio Technical Co. Ltd (China) and BASF Cognis, Ecover (Belgium).
Nov 2018- Croda International has introduced its latest range of surfactants that is 100% bio-based, called ECO. It will result in the creation of re-imagined and new products for personal care industry (hair care products and cosmetics), automotive industry (coatings and lubricants), cleaning industry (surface and air-care products) and oil industry (drilling fluids). The range provides assorted benefits including solubilization, detergency and cleansing and emulsification while offering stable and mild formulations.
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