
Published On: Nov 2022
Published On: Nov 2022
At 4.6% CAGR, the Europe Natural Surfactants Market is projected to be worth US$ 4,304.35 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe natural surfactants market was valued at US$ 3,284.55 million in 2022 and is expected to reach US$ 4,304.35 million by 2028, registering an annual growth rate of 4.6% from 2022 to 2028. Elevating requirement for nontoxic and highly biodegradable products and widening demand for detergents in household application.
There is an increasing focus on the production of products that cause less pollution and have low toxicity and high biodegradability. Bio-based surfactants or natural surfactants are becoming increasingly popular due to their ability to improve the emulsification of hydrocarbons for various applications and ecological benefits. These kinds of surfactants are used in a variety of industries, including food, medicine, textiles, and oilfield chemicals. The use of conventional surfactants is restricted by strict environmental and governmental regulations, which is another factor projected to drive the demand for nontoxic and highly biodegradable bio-based surfactants. Consumers' preference for natural, ecologically friendly, and sustainable products is increasing. It also appears that, consumers are quick to demand products based on natural ingredients across the region. This is gaining widespread support from governments and organizations to reduce the environmental impact from consumers and end-user industries. The growing concern regarding the sourcing of natural oils, epically tropical oils, and producers of natural surfactants have joined organizations such as the Roundtable on Sustainable Palm Oil (RSPO), which favors the development of natural surfactants.
On the contrary, expensive cost of production of natural surfactants.
Key players dominating the Europe natural surfactants market are BASF SE; Clariant AG; Croda International plc; Dow Inc.; KAO Corporation; Lankem Ltd.; Solvay S.A.; Arkema; Stepan Company; and Evonik Industries AG among others.
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