The global biosurfactants market was valued at USD 4.0 Billion in 2017 and is projected to reach USD 5.54 Billion by 2024, at a CAGR of 5.7% during the forecast period 2018-2024. Biosurfactants are diverse groups of surface active molecules or chemical compounds synthesized by microorganisms. These amphiphilic compounds are produced on living surfaces, mostly on microbial cell surfaces, or excreted extracellularly.
Biosurfactants Market Share:
Rhamnolipids market size may witness the highest gains at over 7.5% CAGR over the forecast period. Rhamnolipids microbial biosurfactants in the formulation of shampoo and moisturizers. Rising rhamnolipids consumption in petrochemical applications, to enable waste hydrocarbon stream degradation should propel product demand. Biosurfactants market size from food processing may witness 4.5% gains.
Biosurfactants Market Size:
U.S. biosurfactants market size should witness consumption of over 120-kilo tons by 2024. China biosurfactants market size should witness over 4.5% gains. Strong outlook in personal care, agriculture, and textile industries in China and India along with growing personal care & cosmetic production in Thailand, Indonesia and Malaysia should boost regional industry growth.
Biosurfactants Market Growth:
The global Biosurfactant market has shown tremendous growth due to promising properties of Biosurfactants such as they are environmentally friendly, less toxic and biodegradable. This creates an advantage over synthetic surfactants and attracts surfactant manufacturers to enter in Biosurfactant market. High consumer awareness and demand for bio-based products and eco-friendly quality of Biosurfactant drives and supports the growth of Biosurfactant market.
Biosurfactants Market Industry Analysis:
Product type and application have segmented the global biosurfactants market. By product type, the market has been segmented into Glycolipid (Rhamnolipids, Trehalolipids, and Sophorolipids), Lipopeptides and lipoproteins, surfactin and lichenysin, Polymeric biosurfactants. By application, it has been segmented into detergents, cosmetics, bioremediation, biomedical, oil recovery, chemical production and agriculture.
Biosurfactants Market Outlook:
Global biosurfactants market share is consolidated. BASF-Cognis, Ecover, Saraya, MG Intobio and Urumqui Unite are key companies and accounted for over 65% of the total demand in 2017. The marketers have the opportunities to make their place in the market through utilization of industrial and agricultural wastes and usage of Biosurfactant in the unconventional market.
Biosurfactants Market Trends:
AGAE Technologies is launching new Rhamnolipid formulated quality consumer products under the brand name MayLū. Evonik has invested in the startup HPNow ApS through its venture capital unit and now holds a minority stake in the company, which is headquartered in Copenhagen (Denmark).
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