Global alkyl polyglucosides (APG) biosurfactants market size was estimated at over 90 kilo tons in 2015 and is likely to exceed 130 kilo tons in 2023 with an anticipated CAGR of more than 4.5% from 2016 to 2023. Revenue valued at close to USD 480 million in 2015 and is likely to be worth more than USD 750 million by 2023 with estimated gains at over 5.5%.
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Growing awareness towards potential health hazards caused from conventional & inorganic surfactants coupled with increase in sustainable product usage is likely to drive alkyl polyglucosides market size over the forecast period. Consumers in key regions such as North America and Europe are getting aware towards environmental hazards caused from petroleum derived products and are depending upon the products derived from renewable resources.
Abundant availability in the form of renewable raw materials such as fatty alcohol and corn starch is likely to favor growth. Alkyl polyglucosides market price trend should stable in the near future with an increase raw material availability, scale of economy and industry penetration.
Key end-use industries include household detergents, personal care, cosmetics, industrial cleaners and agricultural chemicals. Household detergents were the largest application and are expected to grow at steady rates. Properties such as superior foaming and low toxicity make them preferable over synthetically derived detergents. Natural surfactants also show excellent emulsifying and wetting properties with respect to synthetic counterparts. Growing acceptance and regulatory support for biosurfactants market is expected to play a key role for alkyl polyglucosides price development and industry penetration.
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Growing awareness among consumers towards the importance of naturally derived used in personal care and cosmetic applications is likely to drive alkyl polyglucosides market size. MNCs are observed to put in continuous efforts in manufacturing personal care products derived renewable sources by decreasing the use of potential harmful chemicals such as parabens, phthalates and aluminum salts. Personal care applications are likely to witness significant gains over the forecast period owing to the aforementioned factors.
Low consumer awareness particularly in emerging regions of Asia Pacific and Latin America coupled with availability of cheap substitutes are likely to pose challenge to industry growth. Consumers in these regions are cost conscious as conventional surfactants are available at competitive rates. High feedstock cost is also another factor affecting industry profitability. The prices of raw material are expected to stabilize once there is an increase in APG surfactants demand.
Consumers also expect the product to be of high quality and be effective with being environmentally friendly. These factors are expected to compel manufacturers for product innovation by developing cost effective technology and increase their existing production capacity to cater to end-use industries. This factor is likely to create new avenues for industry participants to increase their regional presence and increase profit margins.
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