Alkyl Polyglucosides Market to Expand with Significant CAGR During 2020
Alkyl
polyglucosides are bio surfactants produced by reacting of sugar with
fat. Alkyl polyglucosides are non ionic surfactants and are among the
recently developed high efficiency bio surfactants. Production
process involves one step or two step process; butanol is used to
produce butyl glucoside which is then reacted with fatty alcohol in
the two step process. Corn starch and fatty alcohol are among the
major raw material sources employed in the one step process. One step
process is the dominant process used in the production of alkyl
polyglucosides. Major application segments for alkyl polyglucosides
include household detergents, industrial cleaners, personal care and
agricultural chemicals among others. Household detergents dominate
the global demand for alkyl polyglucosides and this trend is expected
to continue for a foreseeable future. Personal care is expected to be
the fastest growing application segment for alkyl polyglucosides.
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Increasing
awareness of hazards associated with inorganic surfactants has been
among foremost factors driving demand for alkyl polyglucosides. Alkyl
polyglucosides are readily bio degradable; therefore no recycling of
the surfactant is required. Moreover, alkyl polyglucosides have high
tolerance to salts and other such electrolytes and thus possess
higher efficiency. The comparative benefits offered by alkyl
polyglucosides are among major factors driving demand for alkyl
polyglucosides. Increasing awareness and government support for eco
friendly products has been among foremost factors driving demand for
alkyl polyglucosides. High growth in personal care and cosmetics
industry is expected to drive demand for alkyl polyglucosides in the
near future. Easy availability of cheap substitutes and low awareness
in several major markets has been among major restraints for alkyl
polyglucosides market growth.
Europe
dominates the global alkyl polyglucosides market and the trend is
expected to continue during the forecast period. Increasing demand
for eco friendly, bio degradable products coupled with high awareness
among consumers has been a major factor driving demand for alkyl
polyglucosides in Europe. North America is the second largest market
for alkyl polyglucosides. Moreover, alkyl polyglucosides has been
replacing the conventional surfactants such as linear alkyl benzene
among others in North America and Europe primarily owing to
government initiatives and high awareness among consumers. North
America is expected to be the fastest growing region for alkyl
polyglucosides market for the next six years.
Asia
Pacific dominates the global surfactant market; however the demand
for bio surfactant has been significantly low in the region. High
price sensitivity among the end consumers has been a major factor
restraining demand for bio surfactants such as alkyl polyglucosides.
Asia Pacific comprises two of the fastest growing economies in terms
of GDP growth and purchase power parity, India and China. Increasing
awareness of hazards associated with the conventional non bio
degradable surfactants coupled with increasing disposable income in
Asia Pacific is expected to offer huge growth opportunity for alkyl
polyglucosides market in the near future. Moreover, demand for alkyl
polyglucosides in Asia Pacific is expected to grow at a sluggish rate
during the forecast period primarily owing to low consumer awareness.
High growth in developing economies of South America is expected to
offer huge growth opportunity for alkyl polyglucosides market in the
near future.
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Some
of the major players in the alkyl polyglucosides market include The
Dow Chemical Company, E. I. du Pont de Nemours and Company, BASF SE,
Henkel, Shanghai Fine Chemicals and LG Household & Health Care
among others
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