(I-BusinessNews.Com, June 09, 2021 ) Alkyl Polyglucosides Market size is forecast to reach around $911.10 million by 2026, after growing at a CAGR of 5.2% during 2021-2026. Alkyl Polyglucosides (APG) are a range of non-ionic surfactants derived from renewable raw materials like vegetable oils and starch and is used as active ingredients in personal care products, cosmetic, household, and industrial applications. APG is also called as a green surfactant owing to its less toxic nature than synthetic surfactants. APG offers excellent interfacial activity, emulsified ability, and foaming performance properties, which further drive the growth of alkyl polyglucosides market. Furthermore, the high demand for environment-friendly product usage from end-use industries is expected to drive market growth. However, growing demand for cosmetic and personal care products coupled with growing population, and improving living standards further propels the growth of the alkyl polyglucosides market.
Alkyl Polyglucosides Market Segment Analysis – By Raw Material
The fatty alcohol segment held the largest share of more than 55% in the alkyl polyglucosides market in 2020. Alkyl polyglucoside is normally produced by reacting fatty alcohol with sugar using acid as a catalyst. Fatty alcohols are aliphatic alcohols which are mostly linear and monohydric. These can be either saturated or have one or more double bonds. The main application areas for fatty alcohols are detergents and soaps, personal care, and others. Increasing demand for personal care products and detergents & soaps in developing regions coupled with growing population is driving the adoption of fatty alcohols, which in turn propel the growth of this market.
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Alkyl Polyglucosides Market Segment Analysis – By Application
The home care segment held the largest share of more than 25% in the global market in 2020. The market is witnessing a significant growth during the forecast period across the homecare sector due to the growing consumer preference for the high biodegradability and eco-friendly products. Whereas, growing e-commerce sector, increasing population, changing living standards, and rising per capita income further contributed to the market growth. Moreover, the developing urbanization sector in emerging nations is likely to drive market growth during the forecast period.
Alkyl Polyglucosides Market Segment Analysis – By Geography
Among the regions, the APAC region is projected to witness the highest CAGR of 7.5% in the alkyl polyglucosides market during the forecast period from 2021-2026. The large consumer base, growing disposable income, and the growth of the building and construction industry propels the growth of this market in the APAC region. In addition, changing lifestyle drives the demand of personal care products and the presence of emerging economies such as China and India across the region also contribute to the market growth across the APAC region. Whereas, the growing awareness regarding the potential health hazards caused by synthetic surfactants across the region is likely to drive the growth of this market.
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Alkyl Polyglucosides Market Drivers
Superior properties of alkyl polyglucosides
Alkyl polyglucosides is a non-ionic surfactant produced from renewable raw materials. It offers excellent properties like high alkali stability, superior wetting properties, low surface tension, superior eco-toxicity, good compatibility with all other types of surfactants, good detergence property, detergency, low irritating, readily biodegradable, and stable form. Thus, due to these superior biodegradables and environmentally-friendly properties, the demand for alkyl polyglucosides is growing across various industry verticals. Whereas, the growing high preferences of alkyl polyglucosides products over the other traditional petroleum and even other natural oils-based surfactants further contribute to the market growth. Besides, alkyl polyglucosides are easily soluble in water and electrolytic solution and are used for various purposes such as soil removal, foaming, filming, and anti-streaking and skin compatibility in our day-to-day life.
Growing Personal Care Industry
The growing ‘green’ trend in the personal care industry along with increasing environmental concerns among the consumers drive the demand of natural-origin, biodegradable, and skin-friendly surfactants, which in turn kept the alkyl polyglucosides in high demand during the forecast period. In personal care industry, alkyl polyglucosides are used across various applications like baby concepts, toothpaste, shower gels and liquid soaps, oral care, shampoos, facial wash, and wet wipes. Furthermore, the growing inclination towards organic personal care products is one of the promising trends to have emerged in the developed and developing regions that is also driving the growth of alkyl polyglucosides market. Furthermore, the arrival of the fashion industry in the Western European countries particularly in France and Italy has provided various lucrative opportunities for the growth of the cosmetics and personal care industry, which in turn drive the growth of alkyl polyglucosides market during the forecast period. Besides, the growing trend of fashion weeks globally is also contributing for the growth of personal care products, which in turn drives the growth of this market. For instance, according to Cosmetic Europe, the personal care and cosmetics industry has witnessed a growth of 1.3% in 2018 as compared to 2017.
Alkyl Polyglucosides Market Challenges
Emergence of COVID-19 the Pandemic
The emergence of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth coupled with this market. According to International Monetary Fund, the global GDP is expected to decline by 0.3% in 2020. According to World Trade Organization (WTO), global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. The pandemic is affecting operations of various applications such as personal care, homecare, and industrial cleaner, as most of countries have issued “stay at home guidance”. Moreover, it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. As, alkyl polyglucosides products are extensively used in these industries, the declining operations of these industries is directly affecting alkyl polyglucosides market growth
Alkyl Polyglucosides Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the alkyl polyglucosides market report. In 2020, the market of alkyl polyglucosides is consolidated by top 10 companies accounting for xx% of the share. Major players in the alkyl polyglucosides industry outlook are Galaxy Surfactants, SEPPIC SA, LG Household & Healthcare, and Pilot Chemical Company, BASF SE, Dupont, Croda International Plc., and Huntsman Corporation, among others.
Acquisitions/Technology Launches
In October 2019, BASF AG, has increased production capacity for Alkyl Polyglucosides (APG) by an additional 10,000 metric tons, in Jinshan, China. With this, the company’s production capacity of APG increased from 20,000 to 30,000 metric tons along with the company will better support the market and customer’s demand in China and regionally in Asia over the forecast period.
Key Takeaways
In the Latin America region, Brazil is the major market for the alkyl polyglucosides throughout the forecast period owing to rise in the purchasing power of consumers, developing agriculture sector, and rise in demand for biodegradable products across the country, further drive the demand for alkyl polyglucosides.
Cost-effective substitute’s availability and low consumer awareness in emerging country are hampering the overall market growth.
Unstable economic condition and COVID-19 outbreak may cause major hindrance to the overall market growth.
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B. Fatty Alcohols Market
https://www.industryarc.com/Research/Fatty-Alcohols-Market-Research-500204
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