It was estimated prior to this unanticipated outbreak that the Biosurfactants Market is estimated to grow at a decent CAGR of 5.6% during the forecast period.
June 28, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Biosurfactants Market.
It was estimated prior to this unanticipated outbreak that the Biosurfactants Market is estimated to grow at a decent CAGR of 5.6% during the forecast period, owing to the growing consumer awareness regarding the hazardous effects of petroleum-based surfactants, increasing demand for cleaning and hygiene products, and growing demand for bio-based and eco-friendly products. Bio-surfactants, which are derived from natural and renewable feedstock, are also widely used in a variety of industries.
Biosurfactants are microbially produced surface-active biomolecules that can also be created extracellularly. They are employed in a wide range of applications due to their unique properties such as specificity, low toxicity, and relative ease of preparation. Biosurfactants have the capacity to lower interfacial surface tension and are both hydrophobic and hydrophilic in nature. They can be used as emulsifiers as well as demulsifiers, wetting agents, foaming agents, spreading agents, functional food ingredients and detergents. Biosurfactants are superior to chemical surfactants, in terms of, toxicity, biodegradability, environmental compatibility, better foaming ability, and the ability to be synthesised from renewable feedstocks.
The oil & gas and chemical industries were under immense pressure in the wake of the oil-price war and the impact of the COVID-19 pandemic. The outbreak of the pandemic shook the oil & gas industry to the core. As a result, there was a decrease in exploration activities across the industry. However, awareness regarding personal hygiene and clean surroundings bolstered the demand for personal and household cleaning products, which boosted the market growth of bio-surfactants in 2020.
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Based on the product type, the market is bifurcated into rhamnolipids, sophorolipids, methyl ester sulfonates, alkyl polyglucosides, sorbitan esters, sucrose esters, lipopeptides, and others. Rhamnolipids account for the lion's share of the market, and their excellent emulsification properties, increasing consumption in oil and gas exploration activities, and waste hydrocarbon stream degradation are expected to drive the segment's growth over the forecast period. Rhamnolipid biosurfactants are also widely used in agricultural chemicals, pharmaceuticals, and personal care products.
Based on the application type, the market is segmented as household detergents, personal care, industrial cleaners, food processing, oilfield chemicals, agrochemicals, textiles, and others. Household detergents hold the major share of the biosurfactants market due to increasing awareness regarding hygiene, growing adoption of biosurfactants in personal care and hygiene products, and shifting of consumer preference from chemical surfactants towards biosurfactants for removal of hydrophilic stains, optimum performance under neutral conditions, and easy degradability.
In terms of regions, Europe is expected to remain the largest market for biosurfactants over the forecast period. Growing consumer awareness and increasing demand for bio-based products in the region will fuel the demand for biosurfactants. Furthermore, supporting government guidelines and regulations in Europe, environmental protection policies, and increased awareness towards health are expected to drive the growth of the market during the forecast period.
Key players operating in the global Biosurfactants market are-
- AGAE Technologies, LLC.
- BASF SE
- Biotensidon GmbH
- Boruta Zachem SA
- Evonik Industries AG
- Givaudan SA
- Jeneil Biotech, Inc.
- Kao Corporation
- Merck KGaA
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Biosurfactants analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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