The Biosurfactants Market size is projected to grow at a CAGR of 5.1% during the forecast period (2022-2027) and reach US$4.7 billion by 2027. The growth of the Biosurfactants Market is primarily dependent on the growth of the cleaning industry. Biosurfactants are mainly used during the production of cleaning products such as detergents, sanitizers, dishwashers and more to increase their solubility in water and help cleaning agents in the effective removal of dirt from the surface being cleaned. The surging developments associated with the cleaning industry across the world have led to considerable growth in the Biosurfactants market.
Biosurfactants Market: Cleaning Industry Leads the Market
On the basis of the end-use industry, the Biosurfactants Market can be segmented into cleaning, cosmetics & personal care, agriculture, pharmaceutical and others. The cleaning industry is evaluated to be the leading segment in the Biosurfactants market in 2021. During the forecast period 2021-2027, the cleaning segment is expected to grow with a CAGR of 5.5%. This can be attributed to various reasons such as the increasing production of cleaning products such as detergents, dishwashers, sanitizers and more across the world. According to the Spanish association of manufacturers of products for cleaning and hygiene (ASFEL), the Spanish market for the cleaning industry increased significantly by 15.35% in the first half of 2021 as compared to 2020.
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Biosurfactants Market: Europe Holds the Largest Share
On the basis of geography, the Biosurfactants Market can be segmented into North America, South America, Europe, APAC and EMEA. According to IndustryARC’s analysis, Europe has emerged as the most dominant region in the market. In 2021, the Europe region held around 35% share of the total revenue earned by the market, globally. European countries including Germany, France and UK are comparatively ahead in terms of the growth of the cleaning industry. According to the VCI - German Chemicals Industry Association, the production of cleaning chemicals used in detergents, spirit and more reached 37,294 tons in 2020, representing a significant increase of 7.7% in comparison to 34,610 tons in 2019. The biosurfactants market would also witness significant growth in the North American region. The U.S. and Canada are emerging as competitive countries in the Biosurfactants market.
Biosurfactants Market: Competitive Landscape
Key companies holding major shares in the Biosurfactants Market are BASF SE, Evonik Industries, Ecover, Lion Corporation, Croda International PLC, Biotensidon GmbH, AkzoNobel N.V., Saraya Co., Ltd., Jeneil Biotech, Inc. and Givaudan SA. The key strategies adopted by the companies include product launches and partnerships among others.
In March 2022, Evonik launched its new Biosurfactant, Rewoferm RL 100, with the aim of reducing the company’s carbon footprint and strengthening its position in the bio-based market. Moreover, in March 2021, BASF established a strategic alliance with Allied Carbon Solutions Co., Ltd and Holiferm Ltd. The main motive of this alliance was to strengthen its position in the Biosurfactants market and to expand the company’s product portfolio of bio-based products.
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