IMARC Group's report titled "Alkyl Polyglucoside Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global alkyl polyglucoside market growth.The global market size reached US$ 1.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032
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Factors Affecting the Growth of the Alkyl Polyglucoside Industry:
- Increasing Demand for Eco-Friedly Surfactants:
The growing demand for alkyl polyglucoside due to the rising focus on eco-friendly surfactants is offering a positive market outlook. The increasing need to maintain environmental sustainability is supporting the market growth. Additionally, alkyl polyglucoside is derived from renewable sources like corn starch and vegetable oils, offering a greener alternative to conventional surfactants. Furthermore, industries are seeking bio-based solutions to mitigate their ecological footprint. Apart from this, alkyl polyglucoside provides superior biodegradability and lower toxicity, aligning with stringent regulatory standards.
- Thriving Personal Care Industry:
The escalating demand for alkyl polyglucoside on account of the thriving personal care industry is supporting the market growth. Alkyl polyglucoside is valued for its gentle yet effective cleansing properties, making it an ideal ingredient in a wide range of personal care and home care products, such as shampoos, body washes, detergents, and cleaners. In addition, the rising demand for personal care products due to changing lifestyles of individuals is impelling the market growth. Furthermore, alkyl polyglucoside provides a sustainable option, aligning with preferences for natural and eco-friendly formulations.
- Increasing Preferences for Natural Products:
The growing demand for alkyl polyglucoside due to rising preferences for natural products is positively influencing the market. Individuals are increasingly opting for products formulated with natural and sustainable ingredients that maintain environmental sustainability. Furthermore, alkyl polyglucoside is derived from renewable resources and is characterized by its mild and biodegradable nature. The transparency and eco-friendliness of alkyl polyglucoside appeal to individuals seeking safer alternatives in various applications. In line with this, the increasing need for clean label products that have reduced side effects is impelling the market growth.
Leading Companies Operating in the Global Alkyl Polyglucoside Industry:
- Actylis
- BASF SE
- Clariant AG
- Croda International Plc
- Dow Inc.
- Fenchem
- LG Household & Healthcare Ltd
- Pilot Chemical Corp.
- SEPPIC S.A. (Air Liquide)
- Shanghai Fine Chemical Co. Ltd
Alkyl Polyglucoside Market Report Segmentation:
By Functionality:
On the basis of the functionality, the market has been divided into cleansing agent, emulsifying agent, wetting agent, degreasing agent, solubilizing agent, hydrotope, foaming agent, and others.
By Application:
Home care products account for the largest market share due to the rising demand for eco-friendly products among individuals.
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Europe enjoys a leading position in the alkyl polyglucoside market, which can be attributed to the increasing awareness about green alternatives.
Global Alkyl Polyglucoside Market Trends:
Governing agencies of several countries are imposing stricter regulations to mitigate the adverse environmental and health effects associated with traditional surfactants, which is bolstering the market growth. Moreover, alkyl polyglucoside is derived from natural sources and exhibits lower toxicity levels, offering a compliant alternative for various industries. The rising adoption of alkyl polyglucoside among companies seeking to ensure regulatory compliance while maintaining product performance and efficacy is supporting the market growth.
In line with this, the introduction of new grades and formulations of alkyl polyglucoside with enhanced performance characteristics benefit in widening their applications in industries, such as agriculture and textiles.
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