“Global Alkyl Polyglucosides Market to reach a market value of USD 1.4 Billion by 2031 growing at a CAGR of 5.9%”
The Global Alkyl Polyglucosides Market size is expected to reach $1.4 billion by 2031, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 598.82 Kilo Tonnes experiencing a growth of 10.5% (2020-2023).
APGs are compatible with various surfaces commonly found in industrial settings, including metals, plastics, ceramics, and glass. Consequently, the industrial segment would acquire nearly, 15% of the total market share by 2031. Also, Russian industries would consume 6.20 Kilo Tonnes of the surfactant by 2031. APGs’ ability to clean effectively without causing damage or corrosion to surfaces makes them suitable for use in diverse industrial environments, including manufacturing facilities, warehouses, and industrial plants.
As global environmental sustainability awareness escalates, industries face mounting pressure to adopt greener practices. In addition, derived from renewable raw materials such as glucose and fatty alcohols, APGs offer a compelling advantage over conventional surfactants. Their biodegradability ensures they break down into harmless environmental substances, minimizing long-term ecological impact. Thus, these factors can assist in the growth of the market. Additionally, as concerns over environmental degradation escalate, governments worldwide are enacting regulations to mitigate the impact of chemical products on ecosystems. Furthermore, APGs are emerging as favored alternatives to conventional surfactants in the eyes of regulatory authorities. Hence, these factors can boost the demand in the coming years.
However, the cost and price volatility of raw materials used to produce APGs pose significant challenges for manufacturers in the market. APGs are typically derived from renewable resources such as glucose from corn or other carbohydrates and fatty alcohols from natural oils or fats. Price fluctuations for these raw materials have the potential to directly affect APG manufacturing costs, which in turn can affect producers' overall profitability and competitiveness. Thus, these aspects can restrain the growth of the market.
On the basis of application, the market is divided into cosmetics & personal care, home care, industrial, textile, oil & gas, water treatment, and others. The cosmetics and personal care segment recorded 20% revenue share in the market in 2023. In terms of Volume, the cosmetics and personal care segment registered 129.23 Kilo Tonnes in 2023. Gentle surfactants are necessary for use on the skin and scalp in personal care products like shampoos, body washes, and face cleansers. APGs benefit persons with sensitive skin or those who get easily irritated because of their gentle cleaning properties.
Based on raw material, the market is segmented into fatty alcohol, glucose, and others. In 2023, the glucose segment garnered a 36% revenue share in the market. In terms of Volume, the glucose segment garnered 217.73 Kilo Tonnes in 2023. One of the main ingredients used to make APGs is glucose, which is obtained from renewable sources like corn, wheat, and other plant-based products. The need for APGs made from renewable resources like glucose has grown as sustainability and bio-based chemicals become increasingly important. Thus, the segment will grow rapidly in the upcoming years.
Free Valuable Insights: Global Alkyl Polyglucosides Market size to reach USD 1.4 Billion by 2031
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Europe segment procured a 35% revenue share in the market in 2023. Europe has been at the forefront of implementing stringent environmental regulations to reduce harmful chemicals and promote sustainability. APGs derived from renewable resources and exhibiting low toxicity and biodegradability align well with these regulatory requirements. Hence, these factors will pose lucrative growth prospects for the segment.
Report Attribute | Details |
---|---|
Market size value in 2023 | USD 867.2 Million |
Market size forecast in 2031 | USD 1.4 Billion |
Base Year | 2023 |
Historical Period | 2020 to 2022 |
Forecast Period | 2024 to 2031 |
Revenue Growth Rate | CAGR of 5.9% from 2024 to 2031 |
Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
Number of Pages | 289 |
Number of Tables | 590 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Raw Material, Application, Region |
Country scope |
|
Companies Included | BASF SE, The Dow Chemical Company, Croda International PLC, LG Corporation, Actylis (New Mountain Capital, LLC), Kao Corporation, Seppic S.A. (L’Air Liquide S.A.), Airedale Chemical Holdings Limited, Fenchem Biotek Ltd. and Evonik Industries AG (RAG-Stifung) |
By Application (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Raw Material (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-31)
The Market size is projected to reach USD 1.4 billion by 2031.
Growing regulatory support for green chemistry are driving the Market in coming years, however, Cost and price volatility of raw materials restraints the growth of the Market.
BASF SE, The Dow Chemical Company, Croda International PLC, LG Corporation, Actylis (New Mountain Capital, LLC), Kao Corporation, Seppic S.A. (L’Air Liquide S.A.), Airedale Chemical Holdings Limited, Fenchem Biotek Ltd. and Evonik Industries AG (RAG-Stifung)
In the year 2023, the market attained a volume of 598.82 Kilo Tonnes experiencing a growth of 10.5% (2020-2023).
The Europe region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $464.6 million by 2031.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.