As per industry analysis by Fact.MR – market research and competitive intelligence provider, the global microbial biosurfactants market is estimated to exceed a valuation of USD 16.5 million by 2022, and to expand at a significant CAGR of close to 3.9% by value over the assessment period.
Surfactants are compounds that lower the surface tension between gas & liquid or two liquids etc. Surfactants are used in corrosion inhibition, to promote oil flow in porous rocks and produce aerosols.
Rhamnolipids are widely used in pharmaceuticals & therapeutics due to their prominent properties such as surface-active properties, low toxicity and antimicrobial activities against several microbes.
Microbial synthesized surfactants are called biosurfactants. Different classes of biosurfactants have a significant position in both microbiology & biotechnology. Currently, agriculture observes a most vital contest of stagnant crop yield. The detection to surge the agricultural production for satisfying the food demand of the continuously increasing population led to the overt custom of several agrochemicals.
Moreover, the introduction of agrochemicals pointedly surged the agricultural production but continuous use of these has suggestively weakened the health of the agroecosystem due to their long persistence in the environment. Microbial biosurfactants are extensively used in numerous industries because of their advanced feature like high biodegradability, renewability, and functionally care taken under extreme conditions and they are more advantageous than chemical-based biosurfactants.
The rise in the use of biodegradable, non-toxic and eco-friendly products is propelling the growth of the product market. Moreover, the wide use of microbial biosurfactants in personal care, for instance, removal of skin and hair dirt is escalating product demand in the global market.
Additionally, the increased use of microbial biosurfactants in applications like oilfield chemicals, household detergents etc. is likely to drive market growth in coming years.
Key Takeaways from Market Study
- Under product type, rhamnolipids dominate the market by holding 4% of the overall market share in 2022 and is projected to account for 34.7% of market share by 2032
- Under product type, rhamnolipids are projected to provide a value worth USD 6 million over the forecast period whereas sophorolipids are projected to provide a value of 8.4 million
- By application, household detergents are projected to provide a value worth USD 4.7 million over the forecast period
- North America and Europe together account for 8% market share in microbial biosurfactants market in 2022
- North America and APAC are projected to register 7% and 3.9% CAGR during the forecast years of 2022-2032
“Upsurge in the adoption of rhamnolipids biosurfactants in pharmaceuticals & therapeutics is expected to propel product market growth over the years.” says a Fact.MR’s analyst
The key players in the microbial biosurfactants market are focusing on adopting collaborative approach to take an edge over other competitors in the market and establish their base. They are also focusing on mergers and acquisitions, product development, new product launch, partnerships etc. to establish a strong consumer base. In addition to this, few players in the market are strengthening their presence by streamlining product lines and their offerings.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global microbial biosurfactants market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on product type (rhamnolipids, sophorolipids, mannosylerythritol and other product type), application (household detergents, industrial & institutional cleaners, personal care, oilfield chemicals, agricultural chemicals and other application), and across major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, MEA).
About the Chemicals Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the chemical industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
For more information, refer to our market research report or contact the PR author.