Your Catalyst To a Lucrative Business
Natural surfactants possess excellent wetting and emulsifying features as against their synthetic counterparts. Their broader adoption and favorable regulations are predicted to influence price developments and market penetration.
However; less consumer awareness, specifically across Latin America and Asia-Pacific, coupled with the availability of cheaper substitutes may act as an industry challenge. Customers in these two regions are price- conscious, as surfactants here are accessible at competitive prices. High feedstock prices also affect industry profitability.
Demand from other end-users, like downstream renewable chemicals and biofuels, should prevent market growth. Customers expect products to be bio-friendly, effective, and superior. All these factors compel manufacturers to develop cost-effective technologies & boost their existing production capacities( to cater to various end-users).
Geographically, the European APG biosurfactants market reigned over the recent past. This region is anticipated to experience steady gains from 2016 to 2024. Growth of its cosmetic & personal care ind ustries; particularly in France, the U. K., and Germany; along with preference for products with natural ingredients will propel regional demand.
North America can observe considerable gains over the next few years. Its nations, such as the United States and Canada, are trying to substitute synthetically-derived surfactants with renewable products. For example, there is wider demand to substitute linear alkyl benzene with alkyl polyglucosides in detergents.
The Asian Pacific market is cost-sensitive and reported to witness significant expansion. Increasing‘ middleclass’ disposable incomes and growth across end-users; like cosmetics & personal care, may boost regional demand.
Key companies operating in the worldwide alkyl polyglucosides( APG) biosurfactants market comprise BASF Cognis; E. I. du Pont de Nemours and Company; LG Household & Health Care; Shanghai Fine Chemical and Henkel Co. Ltd.; and BASF S. E.. The industry is consolidated by nature. Its five best firms captured over 80 % shares in 2013.‘ BASF Cognis’ was the biggest‘ biosurfactants’ manufacturer in 2013. It occupied over 20 % shares the same year.
Browse Related Category Market Report @ https:// www. hexaresearch. com / research-category / organicchemicals-industry
Follow Us: