Biosurfactants Market Size, Share, Trends, Growth, Outlook and Forecast by 2028 | Lockdowns & Economic Backlashes to Negate Market Value During Forecast

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 The biosurfactants market size was USD 3.96 billion in 2021. The market is projected to grow from USD 4.18 billion in 2022 to USD 6.04 billion in 2029 at a CAGR of 5.4% during the 2022-2029 period. This information is provided by Fortune Business Insights™, in its report, titled, “Biosurfactants Market, 2022-2029.” Factors, such as rising crude oil recovery activities, will increase the footprint of the market.

List of Key Players Present

  • Jeneil (U.S.)
  • Evonik Industries (Germany)
  • AGAE Technologies (U.S.)
  • Glycosurf (U.S.)
  • Tensiogreen (U.S.)
  • Stepan Company (U.S.)
  • Holiferm (U.K.)

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COVID-19 Impact

Lockdowns & Economic Backlashes to Negate Market Value During Forecast

The ongoing pandemic caused a negative impact on the market of biosurfactants as the coronavirus demonstrated various countries to be incapable of dealing with the economic coercion of a global pandemic. Various governments imposed nationwide lockdowns to curb the spread of the virus as global trade routes were halted and reallocated toward setting up extensive healthcare facilities. Disruptions in supply chains and volatility among raw material pricing further degraded the value of the market during the forecast period.

Segments

Based on type

  • Lipopeptides
  • Glycolipids
  • Polymeric
  • phospholipids

By application

  • industrial and institutional cleaners
  • household cleaners
  • oil & petroleum
  • food processing
  • personal care
  • agrochemicals

In terms of geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Report Coverage

The report highlights the crucial factors such as dominant players, products, and raw materials among others. Additionally, the study provides insights into ongoing market trends and future market advancements. Also, the report contains a wide range of factors that are expected to impact the market in a meaningful way.

Drivers & Restraints

Increasing Environmental Concerns & Rising Crude Oil Recovery Activities to Augment Growth

Factors such as rising consumption of surface-active agents in connection with the human population and actions in the form of detergents, toothpaste, and shampoos coupled with rising ecological issues existing in rivers, wastewater treatment facilities, and seas will boost the biosurfactants market growth during the forecast period. Advancements of technology for removing contamination coupled with a widening list of potential applications will increase the footprint of the market. Rising crude oil recovery activities will fuel the growth of the market.

However, hindrances in the production of biosurfactants will limit the growth of the market during the forecast period.

Regional Insights

Europe to Hold Dominance in Market During Forecast Period due to Rising Awareness About the Usage of Green Surfactant Alternatives

Europe dominated the global market in 2021 and occupied the largest biosurfactants market share, owing to the rising usage of industrial biotechnology coupled with increased awareness regarding green surfactants. Additionally, increasing legislation on the consumption of chemicals will increase the penetration of the market in the region.

North America will occupy a significant market share during the forecast period due to rising consumer preferences toward the negative impact of chemical surfactants post decomposition coupled with increased spending on wellbeing and hygiene. Rising demand from the petroleum & oil sector will increase the footprint of the market.

Competitive Landscape

Collaborative Strategies & Heavy R&D Activities to Enable Players to Exert Prominence

The sector of biosurfactants is concentrated with key industries such as Evonik Industries, AGAE Technologies, Jeneil, and Stepan Company dominating the market. These players are focused on adjusting their product prices and are often segmented by the characteristics of their products. For gaining a competitive edge over each other, players are increasing their market share by engaging in various strategies, such as mergers & collaborations, in a bid to promote additional sales. Other players are focused on investing heavily with their R&D departments to develop a higher degree of products.

Key Industry Development

  • June 2020: The Stepan Company announced acquiring the NatSurFact business of Logos Technologies LLC, a rhamnolipid that is generated from a wide range of renewables sources.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Industry SWOT Analysis
    • Regulatory Analysis
    • Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
  • Qualitative Insights – Impact of COVID-19 on Global Biosurfactants Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak

TOC Continued…!

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