Global Biosurfactants Market Expected To Reach $ 2.42 Billion By 2020 With A CAGR Of 4.02%
Biosurfactants are produced using oleochemical (bio-based) raw materials including plant oils such as coconut and palm oils, plant carbohydrates such as sorbitol, sucrose, and glucose or from animal fats such as tallow. Oleochemical feedstock sourcing for surfactants has been changing in recent years as animal fats have lost ground for vegetable oils. Like synthetic surfactants, biosurfactants are excellent emulsifiers and maintain wetting and foaming properties, characteristics that are valued in several applications including household detergents and cosmetics industry.
The global Biosurfactants market was estimated at USD$ 1.99 billion in 2015, and is anticipated to reach USD$ 2.42 billion by 2020, expanding at a CAGR of 4.02% between 2016 and 2020. The rising concerns about the use of petroleum-derived/synthetic surfactants is driving the global biosurfactants market. Synthetic surfactants can be damaging to the ecology and human health.The low degradability associated with synthetic surfactants is the primary force fueling the worldwide demand for biosurfactants. Biosurfactants offer low toxicity and high biodegradability.
In addition to this, increasing demand for green products among consumers, which are eco-friendly and less damaging to human health is also fueling the biosurfactants market. In the coming few years, the global biosurfactants market will experience impressive growth due to the aforementioned factors. On the other hand, the cost competitiveness offered by the synthetic surfactants will hamper the global biosurfactants market to a great extent.
By product, the global biosurfactants market is segmented into sucrose esters, methyl ether sulfonates, anionic APG derivatives, methyl glucoside esters, rhamnolipids, sophorolipids, fatty acid n-methylglucimides, sorbitan esters, alkyl polyglucosides, alkyl polypentosides, and others....