Bio-based Surfactants Market: Introduction
Bio-based surfactants are surface active substances that have high biodegradability and low toxicity and are synthesized out of living cells. Bio-based surfactants exhibit properties such as promoting foaming, stabilizing emulsion and reducing surface tension. Moreover, bio-based surfactants enhance the microbial degradation, increase the emulsification of hydrocarbons and solubilize hydrocarbon contaminants. The bio-based surfactants offer numerous benefits such as environmental friendly nature, considerable resistivity under high temperature conditions and potential applications in environmental protection. Bio-based surfactants are of numerous types including nonionic, anionic, amphoteric and cationic. Nonionic surfactants are expected to occupy a significant share in the global market in the coming years as they are stable and are not affected by acid, base or strong electrolytes. Furthermore, bio-based surfactants have good compatibility with cationic, anionic, or amphoteric surfactants. Moreover, owing to such merits bio-based surfactants find use in numerous applications including personal care, industrial & institutional cleaning, oilfield chemicals and detergents. There are numerous factors that are driving the market including stringent regulations for using conventional surfactants and increasing demand for use in personal care applications.
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Bio-based Surfactants Market: Dynamics
Conventional surfactants used in the industries have environmental concerns. Owing to this numerous manufacturers are shifting towards use of bio-based surfactants. This is one of the prime reasons which is anticipated to boost the bio-based surfactants market in the coming years. Moreover, bio-based surfactants offer numerous benefits as compared to the conventional surfactants such as improved performance characteristics under high temperature as well as stabilization of emulsion, which are projected to promote the demand for natural surfactants in numerous industries. This is expected to create opportunities for further augmentation of the bio-based surfactants market over the assessment period. Moreover, increasing application of bio-based surfactants as wetting agents, emulsifiers, detergents and emulsifiers in different industries, which is expected to drive the market in the coming years. Furthermore, stringent government regulations for restricted use of toxic chemicals coupled with consumer preference towards use of personal care products manufactured from the bio-based ingredients is projected to support the growth of the market in the coming years. Also, the demand for cosmetics has increased considerably in the past years and this trend is expected to continue in the coming years. This can be attributed to increasing population, which is expected to further boost the demand for bio-based surfactants for application in personal care products. Moreover, marine origin bio-surfactants are used predominantly in cancer treatment as well as cleaning diesel particulate filter.
However, customers are unwilling to pay price premiums for bio-surfactants products, which is expected to derail the growth of the market in the coming few years. Furthermore, the legislative procedures required for introducing a bio-surfactant product is very time consuming and expensive, which can somewhat have a negative impact on the investor confidence for investing in the development of new products, which may affect the growth prospects of the market.
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Bio-based Surfactants Market: Regional Outlook
The global bio-based surfactants market by region is segmented into North America, Western Europe, Eastern Europe, South East Asia and Pacific, China, Japan and MEA. The bio-based surfactants market is expected to ramp up in the Asia Pacific region in the coming years. This can be attributed to the increasing population in the region coupled with the increasing demand for cosmetic products in personal care applications. Furthermore, governmental initiatives in numerous economies across the Europe to promote the manufacturing of bio-based products is expected to further boost the demand of bio-based products over the assessment period. North America is expected to witness stagnant growth owing to stringent government regulations in the region. Bio-based surfactants in MEA and Latin America are expected to register sluggish growth over the forecast period.
Bio-based Surfactants Market: Key Participants
Examples of some of the key participants operating in the global bio-based surfactants market are:
- Air Products and Chemicals, Inc.
- Clariant Chemicals company
- Sasol Limited
- Croda International plc
- India Glycols Ltd.
- DowDuPont Inc.
- BASF SE
- Solvay S.A.
- Akzo Nobel N.V.
- Enaspol A.S.
- Stepan Company
- Kao Corporation
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