The global natural surfactants market size is expected to gain momentum by reaching USD 24.78 billion by 2028 while exhibiting a CAGR of 3.9% between 2021 and 2028.
Fortune Business Insights in its report, titled “Natural Surfactants Market, 2021-2028.”, mentions that the market stood at USD 18.16 billion in 2020. Factors such as the high demand for renewable petroleum biotechnology across the oil industry and the increasing demand for detergents are anticipated to favor the demand for the product globally. Biosurfactants are extensively adopted across the oil refining chain and in petrochemical component formulations. They act as effective emulsifying/demulsifying agents, biocides for sulfate-reducing bacteria, anticorrosive, fuel formulation, and bitumen extraction from tar sands. Therefore, their growing adoption is likely to play a pivotal role in positively driving the market.
Information Source - https://www.fortunebusinessinsights.com/natural-surfactants-market-105407
The drastic effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
Market Segmentation:
Based on product, the market is segregated into detergents, industrial & institutional, personal care, oilfield chemicals, and others. Besides, on the basis of application, the market is divided into detergents, industrial & institutional, personal care, oilfield chemicals, and others.
Based on application, the detergent segment held a global natural surfactants market share of about 45.7% in 2020. The segment is likely to dominate backed by the growing demand for washing machines in the developing economies. This is further expected to propel the demand for advanced natural detergents worldwide.
Finally, based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Fortune Business Insights in its report, titled “Natural Surfactants Market, 2021-2028.”, mentions that the market stood at USD 18.16 billion in 2020. Factors such as the high demand for renewable petroleum biotechnology across the oil industry and the increasing demand for detergents are anticipated to favor the demand for the product globally. Biosurfactants are extensively adopted across the oil refining chain and in petrochemical component formulations. They act as effective emulsifying/demulsifying agents, biocides for sulfate-reducing bacteria, anticorrosive, fuel formulation, and bitumen extraction from tar sands. Therefore, their growing adoption is likely to play a pivotal role in positively driving the market.
Information Source - https://www.fortunebusinessinsights.com/natural-surfactants-market-105407
The drastic effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
Market Segmentation:
Based on product, the market is segregated into detergents, industrial & institutional, personal care, oilfield chemicals, and others. Besides, on the basis of application, the market is divided into detergents, industrial & institutional, personal care, oilfield chemicals, and others.
Based on application, the detergent segment held a global natural surfactants market share of about 45.7% in 2020. The segment is likely to dominate backed by the growing demand for washing machines in the developing economies. This is further expected to propel the demand for advanced natural detergents worldwide.
Finally, based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The global natural surfactants market size is expected to gain momentum by reaching USD 24.78 billion by 2028 while exhibiting a CAGR of 3.9% between 2021 and 2028.
Fortune Business Insights in its report, titled “Natural Surfactants Market, 2021-2028.”, mentions that the market stood at USD 18.16 billion in 2020. Factors such as the high demand for renewable petroleum biotechnology across the oil industry and the increasing demand for detergents are anticipated to favor the demand for the product globally. Biosurfactants are extensively adopted across the oil refining chain and in petrochemical component formulations. They act as effective emulsifying/demulsifying agents, biocides for sulfate-reducing bacteria, anticorrosive, fuel formulation, and bitumen extraction from tar sands. Therefore, their growing adoption is likely to play a pivotal role in positively driving the market.
Information Source - https://www.fortunebusinessinsights.com/natural-surfactants-market-105407
The drastic effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. The lockdown imposed by the government agencies has led to several industries facing halted industrial operations. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
Market Segmentation:
Based on product, the market is segregated into detergents, industrial & institutional, personal care, oilfield chemicals, and others. Besides, on the basis of application, the market is divided into detergents, industrial & institutional, personal care, oilfield chemicals, and others.
Based on application, the detergent segment held a global natural surfactants market share of about 45.7% in 2020. The segment is likely to dominate backed by the growing demand for washing machines in the developing economies. This is further expected to propel the demand for advanced natural detergents worldwide.
Finally, based on the region, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
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