USA, Rockville MD, July 04, 2022 (GLOBE NEWSWIRE) — According to industry analysis by Fact.MR – provider of market research and competitive intelligence, the global microbial biosurfactants market is expected to exceed a valuation of USD 16.5 million by 2022 and grow at a significant CAGR of almost 3.9% in value over the valuation period. Surfactants are compounds that lower the surface tension between gas and liquid or two liquids, etc. Surfactants are used in corrosion inhibition, to promote the flow of oil in porous rocks and to produce aerosols.
Rhamnolipids are widely used in pharmaceuticals and therapeutics due to their important properties such as surfactant properties, low toxicity, and antimicrobial activities against several microbes. Surfactants synthesized by microbes are called biosurfactants. Different classes of biosurfactants occupy an important place in both microbiology and biotechnology. Currently, agriculture is witnessing a most vital contest of stagnant crop yields. The detection of increasing agricultural production to meet the food demand of the ever-increasing population has led to the overt custom of several agrochemicals.
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Additionally, the introduction of agrochemicals has greatly increased agricultural production, but their continued use has suggestively weakened the health of the agroecosystem due to their long persistence in the environment. Microbial biosurfactants are widely used in many industries due to their advanced characteristics such as high biodegradability, renewability and functional care taken under extreme conditions and they are more beneficial than chemical based biosurfactants.
Increase in the use of biodegradable, non-toxic and environmentally friendly products is propelling the growth of the product market. Moreover, the wide use of microbial biosurfactants in personal care, for example, removing dirt from skin and hair, is driving up the demand for the products in the global market.
Additionally, the increased use of microbial biosurfactants in applications such as oilfield chemicals, household detergents, etc. is expected to drive the growth of the market in the coming years.
What application of microbial biosurfactants is popular?
Microbial biosurfactants, in application, are segmented into household detergents, industrial and institutional cleaners, personal care, oilfield chemicals, agricultural chemicals and other applications.
Industrial and institutional cleaners dominate the market by holding 25% of the overall market share and are expected to register a CAGR of 4.4% during the forecast period. The beauty and personal care market value stood at US$564.4 billion in 2020 and is expected to register a CAGR of 4.7%.
Biosurfactants have shown great potentials such as skin compatibility and skin protection. The personal care segment is estimated to provide a gain of 100 BPS to the global microbial biosurfactants market in the assessment years 2022-2032.
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Key Segments Covered in Microbial biosurfactants Industry survey
- Microbial Biosurfactants Market by Product Type:
- Other types of products
- Microbial Biosurfactants Market by Application:
- Household detergents
- Industrial and institutional cleaners
- Personal care
- Oilfield Chemicals
- Agricultural chemicals
- Other Apps
- Microbial Biosurfactants Market by Region:
- North America
- Latin America
- East Asia
- South Asia and Oceania
Major manufacturers of microbial biosurfactants are SI Group, Agae Technologies, LLC, Ecover UK Ltd, Saraya Co., Ltd., AkzoNobel, BASF, and Jeneil. The global microbial biosurfactants market is consolidated and competitive due to the presence of different international and local players.
- Evonik, in January 2019, partnered with consumer goods group Unilever and invested in biosurfactants, which will allow the company to expand its market position in the field of biosurfactants.
- BASF, in October 2021, signed a biosurfactants agreement with Allied Carbon Solutions and Holifirm to produce sophorolipids and glycolipids for home and personal care.
- Fact.MR has provided detailed price statistics of major Microbial Biosurfactants manufacturers positioned in all regions, besides providing information on sales growth, speculative production expansion and production capacity, in the recently published report.
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The key players in Microbial biosurfactants Market
- AGAE Technology
- Jeneil Biosurfactant
- Saraya Co., Ltd.
Main takeaways from Microbial biosurfactants Market research
- Under product type, rhamnolipids dominates the market holding 34.4% of the overall market share in 2022 and is expected to account for 34.7% of the market share by 2032
- Under product type, rhamnolipids are expected to provide a value of USD 5.6 million over the forecast period, while sophorolipids are expected to provide a value of USD 8.4 million.
- By application, Household Detergents is expected to provide a value of USD 4.7 million during the forecast period
- North America and Europe together account for 57.8% market share in the microbial biosurfactants market in 2022
- North America and APAC are expected to register a CAGR of 4.7% and 3.9% over the forecast years 2022-2032
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