Alkyl Polyglucosides (APG) Biosurfactants Market Trends, Growth Analysis & Forecast by 2023
Date: 2019-01-16   Author: Rahul Sankrityayan  Category: #market

Alkyl Polyglucosides (APG) Biosurfactants Market Trends, Growth Analysis & Forecast by 2023

Global alkyl polyglucosides (APG) biosurfactants market size is driven by growing awareness towards potential health hazards caused from conventional & inorganic surfactants coupled with increase in sustainable product usage. Consumers in key regions such as North America and Europe are getting aware towards environmental hazards caused from petroleum derived products and are depending upon the products derived from renewable resources.

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.

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.

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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.

The global APG biosurfactants market share is moderately consolidated with companies competing on the quality and price. Key companies include DuPont, Shanghai Fine Chemical and Henkel. Other prominent companies include LG Household & Health Care, BASF, Clariant, Dow Chemical Company, CRODA, SPEC Chem, Jiangsu Shisheng, Yangzhou Chenhua and Fenchem.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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