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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
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