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Global alkyl polyglucosides (APG) biosurfactants market size is likely to exceed 130 kilo tons in 2023: Global Market Insights Inc.

 

Global Alkyl Polyglucosides (APG) biosurfactants market size was estimated at over 90 kilo tons in 2015 and is likely to exceed 130 kilo tons in 2023 with an anticipated CAGR of more than 4.5% from 2016 to 2023. Revenue valued at close to USD 480 million in 2015 and is likely to be worth more than USD 750 million by 2023 with estimated gains at over 5.5%.

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Abundant availability in the form of renewable raw materials such as fatty alcohol and corn starch is likely to favor growth. Alkyl polyglucosides market price trend should stable in the near future with an increase raw material availability, scale of economy and industry penetration.

Key end-use industries include household detergents, Personal Care, cosmetics, industrial cleaners and agricultural chemicals. Household detergents were the largest application and are expected to grow at steady rates. Properties such as superior foaming and low toxicity make them preferable over synthetically derived detergents. Natural surfactants also show excellent emulsifying and wetting properties with respect to synthetic counterparts. Growing acceptance and regulatory support for biosurfactants market is expected to play a key role for alkyl polyglucosides price development and industry penetration.

Growing awareness among consumers towards the importance of naturally derived used in personal care and cosmetic applications is likely to drive alkyl polyglucosides market size. MNCs are observed to put in continuous efforts in manufacturing personal care products derived renewable sources by decreasing the use of potential harmful chemicals such as parabens, phthalates and aluminum salts. Personal care applications are likely to witness significant gains over the forecast period owing to the aforementioned factors.

Low consumer awareness particularly in emerging regions of Asia Pacific and Latin America coupled with availability of cheap substitutes are likely to pose challenge to industry growth. Consumers in these regions are cost conscious as conventional surfactants are available at competitive rates. High feedstock cost is also another factor affecting industry profitability. The prices of raw material are expected to stabilize once there is an increase in APG surfactants demand.

Consumers also expect the product to be of high quality and be effective with being environmentally friendly. These factors are expected to compel manufacturers for product innovation by developing cost effective technology and increase their existing production capacity to cater to end-use industries. This factor is likely to create new avenues for industry participants to increase their regional presence and increase profit margins.

Europe alkyl polyglucosides market has been the dominant region over the past few years and is likely to witness steady gains over the forecast period. Growth of personal care and cosmetic industry particularly in Germany, France and UK coupled with consumer preference towards natural ingredients in products is likely to drive regional demand.

North America is likely to witness significant gains over the forecast period as the countries such as the U.S. and Canada is observed to replace synthetic surfactants with renewable products. For instance, there is an increase in demand to replace linear alkyl benzene (LAB) with alkyl polyglucosides for detergent applications.

Asia Pacific APG biosurfactant market is cost sensitive and is likely to grow with increase in awareness about potential health hazards caused by synthetic surfactants. Rise in middle class disposable income coupled with growth of end-use industries such as detergents, cosmetic and personal care particularly in China and India are expected to drive APG surfactants demand in this region.

Browse Alkyl Polyglucosides (APG) Biosurfactants Market Size, Industry Outlook Potential Report, Regional Analysis, Application Development, Price Trend, Competitive Landscape & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/alkyl-polyglucosides-apg-biosurfactants-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global alkyl polyglucosides (APG) biosurfactants market size is likely to exceed 130 kilo tons in 2023: Global Market Insights Inc.

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