Coconut Derived Surfactants Market to Exhibit Robust CAGR of 6.3% From 2022 to 2032 Owing to the Benefits of Sustainable Green Surfactants: Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
5 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Europe is the dominating coconut derived surfactants market, with a notable revenue of 40.4%, and is expected to hold its position in the forecast period. This is attributed to the increasing demand for oilfield chemicals and detergents, in this region
NEWARK, Del, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The global coconut derived surfactants market is expected to auger phenomenal growth with a CAGR of 6.3% over the forecast period from 2022 to 2032. The market is expected to be valued at US$ 1,821 Mn in 2022 and the market is expected to reach US$ 3,342.012 Mn in 2032.
The coconut derived surfactants market size is likely to expand at a robust pace, owing to the reduced prices of raw materials combined with laser production. Bio-based surfactants and sustainable green surfactants are surging across the world, creating lucrative opportunities for the market.
There is a widespread application of coconut derived surfactants which is increasing its demand amongst the end users. In order to reduce foaming in the dishwasher, the surfactant level in automatic dishwashers is reduced.
Coconut derived surfactants are increasingly being used in the cosmetic industry. In addition to that, favorable government initiatives across the globe are responsible for promoting the use of chemical-free supplements which is likely to fuel growth in the market.
The widespread adoption of coconut surfactants is likely to surge the market growth in various sectors since they comprise low surface tension features. In addition, owing to factors such as growing washing machine penetration, especially in developing economies, coconut derived surfactants are predicted to make the largest contribution to the overall natural surfactants.
Due to its widespread applications and rising personal care sectors are some of the crucial aspects that are likely to accelerate the global coconut derived surfactants market growth. In addition to that, more focus on environmental regulations is likely to garner high demand for these surfactants in the market.
Strict regulations have been implemented on using conventional surfactants. Furthermore, a significant rise has been witnessed in the usage of surfactants in the detergent industry. These factors are estimated to drive the sales of coconut derived surfactants.
There is a significant surge in the demand for emulsion polymerization which has contributed to the further adoption of coconut derived surfactants in the global market.
Leading market players engage in various planned product launches and global expansions in order to promote their brand resulting in higher sales. F. Hoffmann-La Roche Ltd., Sysmex Corporation, Siemens AG, Thermo Fisher Scientific Inc., Alere Inc., Diagnostica Stago, NIHON KOHDEN CORPORATION, Helena Laboratories, Instrumentation Laboratory, International Technidyne Corporation, Roche Diagnostics, Danaher Corporation Abbott Laboratories, etc. key players of coconut derived surfactants in the global market.
More Insights into the Coconut Derived Surfactants Market
Europe is expected to dominate the coconut derived surfactants market by possessing a notable revenue of 40.4% and is anticipated to hold its position throughout the forecast period. This is associated with the surging demand for oilfield chemicals and detergents in this particular region.
There is high awareness witnessed in the region concerning the harmful effects of chemical surfactants on human health and the degrading environment. Owing to these concerns, there has been a surge in the adoption of bio-based or natural surfactants such as coconut derived surfactants. Moreover, the market is expected to be supported by the presence of a large manufacturing base for personal care products.
North America is the second more lucrative region exhibiting positive growth opportunities for coconut derived surfactants market. The region is accountable for total revenue of 34.1%. Due to rising government legislation and growing demand for chemical-free surfactants, the market is predicted to rise in the future.
The hazardous effects of conventional surfactants on the skin are serious which has made consumers shift their preferences toward more organic products. This is anticipated to bolster the demand for coconut derived surfactants and its market growth, in this region.
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