NEW YORK, July 26, 2021 /PRNewswire/ — Fact.MR – A Market Research and Competitive Intelligence Provider: The global alkyl polyglucoside market is poised to expand at a CAGR of approximately 8% during the forecast period between 2021 and 2031. The alkyl polyglucoside business swelled at around 5.9% CAGR during its historical period from 2016 to 2020.
Despite challenges posed amid COVID-19, the alkyl polyglucoside market managed exhibiting impressive 7.7% growth in 2021 and totaled 584 KT by the end of the year. Fact MR Survey also predicts application in industrial and institutional cleaners to surge by 0.6% to 91KT in 2021, while demand in admixtures for plaster, concrete and cement to register 0.1% negative growth to total 26KT in the same year.
According to the study, the demand is propelled due to its bio-degradable nature and usage in numerous applications such industrial, personal care, and cosmetics. It is popularly known to be adaptable due to its superior surface activity, non-irritating, and non-toxic properties. Its use as a cleaning and emulsification agent is expected to drive its adoption application across diverse industries.
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Growing population and urbanization has improved awareness among consumers, therefore, positively affecting the demand outlook. Willingness among consumers to spend on advanced solutions for improved laundry operations and increasing efficacy also will bode well for the market.
Driven by these factors, the demand for fabric softeners, soaps, and detergent powders will rise. Alkyl polyglucoside surfactants are non-ionic surfactants and are the primary raw materials used in the production of detergents. Growing economic prosperity and purchasing power is therefore contributing towards the sales of cosmetics, homecare, personal care, and other consumer products that utilize alkyl polyglucoside in their raw materials.
“Consumer goods manufacturers are focusing on highlighting the health hazards associated with traditional surfactant and are marketing their products as safer alternatives. Besides spending on marketing strategies, they are shifting towards eco-friendlier alternatives to synthetic chemicals. This will aid the overall scope for expansion of alky polyglucoside market,” says Fact.MR analyst.
Key Takeaways from Alkyl Polyglucoside Market Survey
- Europe is expected to dominate global market backed by demand from Germany, which is the largest consumer of cosmetics and personal care products.
- Home care products are expected to dominate the application segment driven by rising demand on account of rising per capita income and urbanization, which also is encouraging sales of biodegradable products.
- The U.S. is expected to dominate as one of the early adopter of technologically advanced goods and production processes. Besides this, stringent regulations governing quality standards for consumer goods products will present a conducive environment for the market’s growth.
- Latin America is likely to exhibit surge in demand owing to rising number of manufacturers in fungicide, insecticide, and pesticide industries.
- India is expected to account for 20.7% of share in the APEJ market and is set to expand at a CAGR of 7.5% during the forecast period.
Key Drivers
- The rising awareness about benefits of naturally derived home care products is expected to bolster alkyl polyglucosides use in personal care products segment.
- Implementation of stringent regulations by government bodies across the globe such as ECHA, CEFIC, REACH, and other organizations to regulate environmental hazards of inorganic surfactants are create attractive prospects for sales of bio-based surfactants, bolstering demand for alkyl polyglucoside surfactants
- COVID-19 pandemic has fuelled the demand for essential products across the globe. This has helped in bolstering demand for raw materials such as alkyl polyglucoside.
Key Restrains
- The COVID-19 pandemic has disrupted supply chain and suspended production across various industries. This has impacted the global sales of alkyl polyglucoside.
- Manufacturers are innovating alternative materials to offer natural surfactant with similar properties but higher efficiency for application across diverse industries. Availability of eco-friendlier alternative might hamper growth prospects.
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Competitive Landscape
The key players operating in the global alkyl polyglucoside market are adopting numerous strategies such as brand development, portfolio expansion, delivery focus, mergers, acquisitions, expansion, and investments to gain an edge over their competitors.
For instance, in December 2019, Pilot Chemical Company acquired Organo Sintesis S.A. de C.V. (OSSA). This acquisition will assist the company in expanding its antimicrobial and surfactant products in Latin America.
BASF in October 2019 had increased its alkyl polyglucoside production by 1000 tons to cater the rising demand from Chinese market and other countries in Asia Pacific.
The key players as profiled by Fact.MR are:
- Croda International Plc.
- BASF SE
- Huntsman Corporation
- Dow Chemicals Co.
- SEPPIC S.A.
- LG Household & Health Care Ltd
- Galaxy Surfactants
- Akzo Nobel NV
- Pilot Chemical Company
- Shanghai Fine Chemical Co Ltd
More Valuable Insights on Alkyl Polyglucoside Market
Fact.MR, in its new report, offers an unbiased analysis of the global alkyl polyglucoside market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections in Alkyl Polyglucoside market with detailed segmentation:
Product Type
- Coco Alkyl Polyglucosides
- Lauryl Alkyl Polyglucosides
- Decyl Alkyl Polyglucosides
- Capryl Alkyl Polyglucosides
- Others
Application
- Homecare
- Surface Cleaners
- Dishwashing Detergents
- Laundry Detergents
- Other Homecare Products
- Personal Care
- Bath Products
- Cleansers & Wipes
- Oral Care
- Other Personal Care Products
- Industrial & Institutional Cleaners
- Agricultural Chemicals
- Oil Fields
- Admixtures for Cement, Concrete & Plaster
- Others
Primary Function
- Alkyl Polyglucoside Cleansing Agents
- Alkyl Polyglucoside Emulsifying Agents
- Alkyl Polyglucoside Wetting Agents
- Alkyl Polyglucoside Degreasing Agents
- Alkyl Polyglucoside Solubilizing Agents
- Alkyl Polyglucoside Hydrotope
- Alkyl Polyglucoside Foaming Agents
- Others
Regions
- North America
- Europe
- Asia Pacific
- Rest of the World
Key Questions Covered in the Alkyl Polyglucoside Market Report
- The market survey also highlights projected sales growth for alkyl polyglucoside market between 2021 and 2031
- The report offers insight into alkyl polyglucoside demand outlook for 2021-2031
- Alkyl polyglucoside market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Alkyl polyglucoside market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Explore Fact.MR’s Coverage on the Chemical & Materials Domain –
Surfactant Cleansers and Adjuvants Market– Surfactant demand is increasing day by day as the global economy shows signs of improvement, notably due to Asia’s strong economic expansion. Manufacturers are attempting to develop lower-cost solutions as well as new inventive goods that perform better. Mildness and moisturization are crucial aspects in the latest trends in the surfactant cleansers and adjuvants market. In addition, customers are increasingly demanding sulfate-free surfactants in personal care products such as shampoos and body washes.
Bio-based Surfactants Market– The usage of conventional surfactants in industry raises environmental problems. As a result, a growing number of producers are switching to bio-based surfactants. This is one of the main reasons why the bio-based surfactants market is expected to grow in the future years. Furthermore, bio-based surfactants have a number of advantages over conventional surfactants, including superior performance characteristics at high temperatures and emulsion stabilization, which are expected to boost demand for natural surfactants in a variety of industries.
Detergent Polymers Market– Detergent polymers are expected to acquire substantial traction due to their efficacy in providing high-performance detergent formulations at a lower cost. Detergent polymers have become a popular ingredient among detergent makers due to their strong filth removal characteristics and good efficacy as an anti-redeposition agent. The usage of detergent polymers in industrial and institutional cleaning applications has accelerated due to a number of benefits such as color transfer and scale encrustation inhibition.
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