Bio-based surfactants poised for significant market share gain.
Rockville, MD , Sept. 24, 2024 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global Bio-based Surfactants Market is estimated to reach a valuation of US$ 15.2 billion in 2024 and is expected to grow at a CAGR of 6.2% during the forecast period of (2024 to 2034).
The bio-based surfactants market is expected to grow over the coming years as a result of increasing applications of this category in various end-use sectors such as laundry products, personal care and cosmetic products, and industrial cleaning solutions. Due to the increase in consumer safety and environmental concerns, bio-based surfactants are gaining demand. Raw materials include sugarcane and corn seed oil.
These strict government regulations over chemical-based products and environmental pollution laws have driven the surfactant industry to develop surfactant-based products with a bio-surfactant nature—that is, less toxic, biodegradable, and environmentally friendly. This fact will even more significantly support bio-based surfactant sales in upcoming years.
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Key Takeaways from Market Study:
- The global bio-based surfactants market is projected to grow at 2% CAGR and reach US$ 27.7 billion by 2034
- The market created an opportunity of US$ 12.5 billion between 2024 to 2024
- North America is a prominent region that is estimated to hold a market share of 6% in 2024
- Nonionic under product type is estimated to grow at a CAGR of 3% creating an absolute $ opportunity of US$ 5.3 billion between 2024 and 2034
- North America and East Asia are expected to create an absolute $ opportunity of US$ 7.9 billion collectively
“With environmental concerns and regulations posing a threat, the bio-based surfactant market is in motion. Investments in R&D by key players to enhance the performance of products and innovation by start-ups with new technologies set the base for its growth in the forecast period. As the market continues to expand, we will see tremendous growth and rising adoption across industries,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Bio-based surfactants Market:
BASF; Arkema; Cardolite; Clariant; Croda; Dow; Galaxy Surfactant; Henkel; Ter Chemicals; Pilot Chemical Company; Evonik; Glycosurf; Hunts Man Corporation; Kao Corporation; Solvay; Other Prominent Players.
Market Development:
Key players in the bio-based surfactants market are BASF, Arkema, Cardolite, Clariant, Cagill, Croda, DOW, Fenchem, and Galaxy Surfactant. These companies are dedicated to R&D investments to address industry-specific challenges and deliver tailored solutions that enhance competitiveness and customer satisfaction.
Recent innovations include Evonik and key customers in Slovakia have opened a new, more sustainable biosurfactant plant. The triple-digit million-euro facility is the first in the world to produce industrial amounts of rhamnolipid biosurfactants in May 2024.
In March 2022, BASF introduces Plantapon® Soy, a bio-based surfactant derived from soy protein for mild rinse-off applications. It is an anionic surfactant with numerous sustainability benefits.
In Feb 2022, Solvay has introduced Mirasoft® SL L60 and Mirasoft® SL A60, new bio surfactants for carbon-neutral and circular beauty care products.
Bio-based surfactants Industry News:
- In May 2024, Evonik and key customers in Slovakia have opened a new, more sustainable bio-surfactant plant. The triple-digit million-euro facility is the first in the world to produce industrial amounts of rhamnolipid bio-surfactants. These exceptionally high-quality, sustainable bio-surfactants are already transforming the cleaning, beauty, and personal care industries and have enormous, yet unexplored, potential in a number of other areas.
- In March 2022, BASF introduces Plantapon® Soy, a bio-based surfactant derived from soy protein for mild rinse-off applications. It is an anionic surfactant with numerous sustainability benefits. This product is made from non-GMO European soybeans and coconut oil, thereby making it appropriate for the making of vegan formulations and standards of natural cosmetics.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global bio-based surfactants market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights on the basis of Product Type (Nonionic, Anionic, Cationic, and Amphoteric), Source (Sugar, Plant/Seed oil, and Others), bio-based content (fully bio-based, majority bio-based, minority bio-based), end use (laundry, personal care and cosmetics product, dishwash products, food industry, oilfield chemicals) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).
Feb 2022: Clariant launches a range of 100% bio-based surfactants for a transition to renewable carbon. Clariant’s Vita ingredient list got significant expansion with the introduction of a line of 100% bio-based surfactants and PEGs.
Segmentation of Bio-based Surfactants Industry Research:
- By Source :
- Sugar
- Plant/seed Oil
- Others
- By Product Type :
- Nonionic
- Anionic
- Cationic
- Amphoteric
- By Bio-based Content :
- Fully-Bio-Based
- Majority Bio-Based
- Minority Bio-Based
- By End-use :
- Laundry
- Personal Care & Cosmetics Products
- Hair Care
- Shampoos
- Conditioners
- Serum
- Skin care
- Moisturizing Creams
- Shower Gel
- Lotions
- Others
- Hair Care
- Industrial Cleaning Products
- General Purpose Cleaners
- Floor Care Product
- Ware Washing Detergent
- Disinfectants & Sanitizers
- Vehicle Wash Products
- Hand Cleansers
- Others
- Dish Wash Products
- Food Industry
- Surface Cleaning
- Food Processing Ingredient
- Oilfield Chemicals
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