As per the revised study by Fact.MR, a market research and competitive intelligence provider, the global alkyl polyglucoside market is estimated at US$ 1.3 billion in 2022 and is expected to increase rapidly at a CAGR of 8% during the forecast years (2022-2032). The market is set to grow at a fast pace due to the remarkable properties of alkyl polyglucosides, a biosurfactant.
With rising environmental concerns, governments and NGOs in both developing and developed economies are adopting several strategies to spread awareness regarding the adoption of sustainable solutions. Manufacturers also acknowledged these concerns and are focusing on adopting sustainable manufacturing processes and delivering eco-friendly products.
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The inclination of the personal care industry toward bio-based surfactants and related products is fueling the demand for alkyl polyglucoside (APG). Alkyl polyglucoside has witnessed high-growth opportunities across end-use verticals such as cosmetics, homecare production, and others. APGs are available in both liquid and solid forms, thereby meeting the diverse requirements of end users across industry verticals.
Key Takeaways from Market Study
- The global alkyl polyglucoside market is projected to grow from US$ 1.3 billion in 2022 to US$ 2.9 billion in 2032, at a CAGR of 8%.
- The market evolved at a CAGR of 5.9% between 2017 and 2021.
- North America rules the global market and is predicted to exhibit a CAGR of 4.2% through 2032.
- Among the product types, demand for capryl is predicted to increase at a CAGR of 8.8%. However, coco sales will increase at the highest CAGR of 16.1%.
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“Bio-based surfactants have a high market share and are estimated to offer short-term growth opportunities to APG suppliers,” says a Fact.MR analyst.
Marketing Strategies for Sales Growth
The APG market is fragmented and highly competitive in nature. Market players such as BASF SE, Dow Chemicals Co., and others have adopted various organic and inorganic strategies to remain ahead of the competition.
The adoption of digital platforms for branding and advertising is gaining traction. Product launch and capacity expansion will offer immense sales growth opportunities to the manufacturers of APGs over the coming years.
Segmentation of Alkyl Polyglucoside Industry Research
By Product Type :
- Coco Alkyl
- Lauryl Alkyl
- Decyl Alkyl
- Capryl Alkyl
By Primary Function :
- Cleansing Agents
- Emulsifying Agents
- Wetting Agents
- Degreasing Agents
- Solubilizing Agents
- Foaming Agents
By Application :
- Surface Cleaners
- Dishwashing Detergents
- Laundry Detergents
- Other Homecare Products
- Personal Care
- Bath Products
- Cleansers & Wipes
- Oral Care
- Other Personal Care Products
- Industrial & Institutional Cleaners
- Agricultural Chemicals
- Oil Fields
- Admixtures for Cement, Concrete & Plaster
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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