The Biosurfactants Market size was USD 4.50 billion in 2023 and is expected to Reach USD 11.38 billion by 2031 and grow at a CAGR of 12.3% over the forecast period of 2024-2031.
Biosurfactants are surface-active chemicals that occur naturally in animals, plants, and microbes. These chemicals are amphiphilic, which means they are both hydrophilic and hydrophobic components. This distinct structure enables them to minimize surface tension between two ordinarily incompatible substances, such as oil and water.
Get E-PDF Sample Report on Biosurfactants Market - Request Sample Report
Biosurfactants have a wide range of structural characteristics and can be divided into numerous classes based on their composition of chemicals, such as glycolipids, polymeric, and phospholipids biosurfactants. Glycolipids, such as rhamnolipids and sophorolipids, are said to be the most common type of biosurfactant. Biosurfactants are used in pharmaceutics as antibacterial and emulsification agents, as well as for the delivery of genes and intracellular product recovery.
Microbial biosurfactants are biocompatible and environmentally friendly solutions created by living cells, primarily bacteria, and yeasts, without the use of organic synthesis. Because of the significant operational expenses associated with obtaining microbial biosurfactants, their use has been restricted to the personal care and pharmaceutical industries. Given customer preferences for environmentally friendly products, efforts are being made to make microbial biosurfactants more affordable and readily available.
KEY DRIVERS
Rising environmental concerns
In agriculture, chemical surfactants are frequently employed for pesticide and herbicide applications. However, its widespread use can contaminate soil and water. Common synthetic surfactants used in cleaning, agriculture, and oil spill recovery may remain in the environment for extended periods of time, causing pollution and adverse environmental effects. The remaining surfactants are discharged into sewage systems or directly into surface water sources, where the majority of them end up in debris, the ground, and water. Surfactants exist in waterbodies like rivers and seas. wastewater treatment is used in making environmental issues a severe socioeconomic issue. To reduce this harm to the environment manufacturers are shifting towards biosurfactants.
RESTRAIN
Requirement of pre-treatment and large-scale production
Lack of production in biosurfactants and high cost of Rhamnolipids
Rhamnolipids are prominent biosurfactants that have been extensively researched and verified by science. Rhamnolipids have the most patents and research articles among other surfactants. The expense of production, however, prevents it from dominating its industry.
Due to variables like the requirement for specialized fermentation equipment, nutrients for microbial growth, and downstream processing steps for purification, producing biosurfactants can be more expensive than producing regular surfactants. A thorough understanding of fermentation, downstream processing, and microbiology is necessary for the generation of biosurfactants.
OPPORTUNITY
Rising demand from the personal care products and petroleum industry
Detergents and Industrial Cleaners Segment
Surfactants play an important part in the development of laundry and cleaning products for households. Excellent cleaning qualities of biosurfactants include emulsification, dispersion, and solubilization of oils and other hydrophobic substances. They are suitable for a wide range of cleaning applications since they can effectively remove dirt, grease, and stains from surfaces. They may be less irritating and allergic, making them a better choice for both people and the environment. Biosurfactants' foaming ability can be modified to fit specific needs. Controlled foaming is desirable in certain industrial cleaning processes for effective coverage and cleaning.
CHALLENGES
Availability of raw material
High cost of production of biosurfactants
In comparison to the well-established synthetic surfactant sector, the biosurfactant market is still very small. Biosurfactant manufacture can be more expensive than typical synthetic surfactant production. The requirement for specialized strains of microbes, as well as sophisticated and typically slower production techniques, can all contribute to increased costs. The transition from laboratory-scale to large-scale manufacturing can be challenging. It can be difficult to achieve consistent and high yields of biosurfactants. Variations in microbial growth conditions, substrate availability, and fermentation procedures can all have an impact on the amount and quality of biosurfactants generated.
Russia Ukraine war has led to increasing prices, and a supply-demand gap for all products which contain biosurfactants. The conflict has increased the prices of FMCG products. Due to the rise in crude oil prices to $110 per barrel. Experts in the FMCG sector predict that costs for soaps and detergents will rise more and that demand will clearly slow down. Procter & Gamble Co, a manufacturer of household products halted new projects due to sanctions, and monetary controls prevent it from continuing to operate in Russia.
The recession is predicted to lower demand for biosurfactants. Home care applications account for around 43% of the category, while industrial and institutional cleaning applications account for 30%. Businesses may postpone or cancel new product development projects in order to save money. This could stymie the development of new biosurfactants. Governments may increase regulatory monitoring of biosurfactants to protect consumers. For biosurfactant manufacturers, this might mean higher pricing and longer lead times. Biosurfactant demand is expected to increase in a range of industries, including the oil and gas industry, cosmetics, and agriculture.
By Product
Glycolipids
Rhamnolipids
Trehalolipids
Sophorolipids
Lipopeptides
Surfactin
Lechenysin
Phospholipids
Polymeric
By Application
Industrial & Institutional Cleaners
Personal Care
Household Detergents
Agrochemical
Oil & Petroleum
Others
In terms of global consumption, Europe was the greatest consumer of biosurfactants. The region's large share of biosurfactants may lead to increased awareness among manufacturers' use of biosurfactants as an alternative to chemical surfactants, hence reducing carbon footprint. Furthermore, the region's tight regulatory environment supports the usage of bio-based products over conventional petroleum-based ones.
North America was the market's second-highest consumer of biosurfactants. consumer preferences are expected to change owing to increased concern about the harmful impact of toxins released by chemical surfactants during decomposition. Surfactant demand in the personal care sector is likely to drive demand in the area.
Asia Pacific is an emerging market that will earn a significant share during the projection period due to the growing application industry. Countries with well-established agricultural, textile, and personal care sectors, such as India and China, are likely to boost demand for biosurfactants in the future years.
The Middle East and Africa region are predicted to increase due to the growth in a large number of household detergents and personal care products industries. South America's expansion is expected to be driven by the amount of feedstock from the agroindustry sector, which might be used as a substrate for the production of biosurfactants.
Get Customized Report as Per Your Business Requirement - Request For Customized Report
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
BASF SE, Evonik Industries AG, Ecover, Mitsubishi Chemicals, AkzoNobel, Givaudan, Saraya, MG Intobio, Jeneil Biotech, Soliance, Lion Corp, Sun Products, Kao Corp, Chemtura, Croda, Hoilferm, Indorama Ventures, Locus Bio-Energy, Solvay and other key players are mentioned in the final report.
Hoilferm- In 2023 Hoilferm and Fibernol collaborated to create biosurfactants from Fibenol wood sugars, offering a more environmentally friendly alternative to standard surfactants. Fibenol, on the other hand, discovered a means to transform wood wastes into lignocellulosic sugars that are safe for the environment with a smaller carbon footprint.
Indorama Ventures- In 2023 Indorama Ventures introduced Surfonic Bio, a series of biosurfactants with biodegradable, low toxicity, and mildness obtained through a sustainable technique.
Locus Bio-Energy- In 2023 Locus Bio-Energy introduced AcidBoostTM, a biosurfactant-based product range that tackles the common challenges faced by wellbore cleanup with acid stimulation fluid systems. The advanced biosurfactant technique enables operators to utilize a single acid ingredient that outperforms traditional, multi-stage solvent packages.
Solvay- In 2022 In Solvay introduced glycolipid biosurfactants from Mirasoft SL L60 and Mirasoft SL A60, these enable the creation of environmentally friendly cosmetics. These chemicals, which are based on sugar and rapeseed oil and have low environmental and carbon footprints, can be used in a variety of beauty care products.
Report Attributes | Details |
Market Size in 2023 | US$ 4.50 Billion |
Market Size by 2031 | US$ 11.38 Billion |
CAGR | CAGR of 12.3 % From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments |
|
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | BASF SE, Evonik Industries AG, Ecover, Mitsubishi Chemicals, AkzoNobel, Givaudan, Saraya, MG Intobio, Jeneil Biotech, Soliance, Lion Corp, Sun Products, Kao Corp, Chemtura, Croda, Hoilferm, Indorama Ventures, Locus Bio-Energy, Solvay |
Key Drivers | • Rising environmental concerns |
Market Opportunity | • Rising demand from the personal care products and petroleum industry • Detergents and Industrial Cleaners Segment |
Ans. USD 11.38 billion is the projected Biosurfactants Market size of the market by 2031.
Ans. USD 4.50 billion is the projected value in 2023 for Biosurfactants Market.
Ans. The CAGR of the Biosurfactants Market over the forecast period is 12.3%.
Ans. Opportunity are Rising demand from the personal care products and petroleum industry and detergents and Industrial Cleaners Segment
Ans. Restraints are the Requirement of pre-treatment and large-scale production & Lack of production in biosurfactants and the high cost of Rhamnolipids
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on major economies
4.3.1.1 US
4.3.1.2 Canada
4.3.1.3 Germany
4.3.1.4 France
4.3.1.5 United Kingdom
4.3.1.6 China
4.3.1.7 Japan
4.3.1.8 South Korea
4.3.1.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Biosurfactants Market Segmentation, By Product
8.1 Glycolipids
8.1.1 Rhamnolipids
8.1.2 Trehalolipids
8.1.3 Sophorolipids
8.2 Lipopeptides
8.2.1 Surfactin
8.2.2 Lechenysi
8.3 PhospholipidsPolymeric
9. Biosurfactants Market Segmentation, By Application
9.1 Industrial & Institutional Cleaners
9.2 Personal Care
9.3 Household Detergents
9.4 Agrochemical
9.5 Oil & Petroleum
9.5 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Biosurfactants Market by Country
10.2.2 North America Biosurfactants Market by Product
10.2.3 North America Biosurfactants Market by Application
10.2.4 USA
10.2.4.1 USA Biosurfactants Market by Product
10.2.4.2 USA Biosurfactants Market by Application
10.2.5 Canada
10.2.5.1 Canada Biosurfactants Market by Product
10.2.5.2 Canada Biosurfactants Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Biosurfactants Market by Product
10.2.6.2 Mexico Biosurfactants Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Biosurfactants Market by Country
10.3.1.2 Eastern Europe Biosurfactants Market by Product
10.3.1.3 Eastern Europe Biosurfactants Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Biosurfactants Market by Product
10.3.1.4.2 Poland Biosurfactants Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Biosurfactants Market by Product
10.3.1.5.2 Romania Biosurfactants Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Biosurfactants Market by Product
10.3.1.6.2 Hungary Biosurfactants Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Biosurfactants Market by Product
10.3.1.7.2 Turkey Biosurfactants Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Biosurfactants Market by Product
10.3.1.8.2 Rest of Eastern Europe Biosurfactants Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Biosurfactants Market by Country
10.3.2.2 Western Europe Biosurfactants Market by Product
10.3.2.3 Western Europe Biosurfactants Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Biosurfactants Market by Product
10.3.2.4.2 Germany Biosurfactants Market by Application
10.3.2.5 France
10.3.2.5.1 France Biosurfactants Market by Product
10.3.2.5.2 France Biosurfactants Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Biosurfactants Market by Product
10.3.2.6.2 UK Biosurfactants Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Biosurfactants Market by Product
10.3.2.7.2 Italy Biosurfactants Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Biosurfactants Market by Product
10.3.2.8.2 Spain Biosurfactants Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Biosurfactants Market by Product
10.3.2.9.2 Netherlands Biosurfactants Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Biosurfactants Market by Product
10.3.2.10.2 Switzerland Biosurfactants Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Biosurfactants Market by Product
10.3.2.11.2 Austria Biosurfactants Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Biosurfactants Market by Product
10.3.2.12.2 Rest of Western Europe Biosurfactants Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Biosurfactants Market by Country
10.4.2 Asia Pacific Biosurfactants Market by Product
10.4.3 Asia Pacific Biosurfactants Market by Application
10.4.4 China
10.4.4.1 China Biosurfactants Market by Product
10.4.4.2 China Biosurfactants Market by Application
10.4.5 India
10.4.5.1 India Biosurfactants Market by Product
10.4.5.2 India Biosurfactants Market by Application
10.4.6 Japan
10.4.6.1 Japan Biosurfactants Market by Product
10.4.6.2 Japan Biosurfactants Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Biosurfactants Market by Product
10.4.7.2 South Korea Biosurfactants Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Biosurfactants Market by Product
10.4.8.2 Vietnam Biosurfactants Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Biosurfactants Market by Product
10.4.9.2 Singapore Biosurfactants Market by Application
10.4.10 Australia
10.4.10.1 Australia Biosurfactants Market by Product
10.4.10.2 Australia Biosurfactants Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Biosurfactants Market by Product
10.4.11.2 Rest of Asia-Pacific Biosurfactants Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Biosurfactants Market by Country
10.5.1.2 Middle East Biosurfactants Market by Product
10.5.1.3 Middle East Biosurfactants Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Biosurfactants Market by Product
10.5.1.4.2 UAE Biosurfactants Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Biosurfactants Market by Product
10.5.1.5.2 Egypt Biosurfactants Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Biosurfactants Market by Product
10.5.1.6.2 Saudi Arabia Biosurfactants Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Biosurfactants Market by Product
10.5.1.7.2 Qatar Biosurfactants Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Biosurfactants Market by Product
10.5.1.8.2 Rest of Middle East Biosurfactants Market by Application
10.5.2 Africa
10.5.2.1 Africa Biosurfactants Market by Country
10.5.2.2 Africa Biosurfactants Market by Product
10.5.2.3 Africa Biosurfactants Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Biosurfactants Market by Product
10.5.2.4.2 Nigeria Biosurfactants Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Biosurfactants Market by Product
10.5.2.5.2 South Africa Biosurfactants Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Biosurfactants Market by Product
10.5.2.6.2 Rest of Africa Biosurfactants Market by Application
10.6 Latin America
10.6.1 Latin America Biosurfactants Market by Country
10.6.2 Latin America Biosurfactants Market by Product
10.6.3 Latin America Biosurfactants Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Biosurfactants Market by Product
10.6.4.2 Brazil Biosurfactants Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Biosurfactants Market by Product
10.6.5.2 Argentina Biosurfactants Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Biosurfactants Market by Product
10.6.6.2 Colombia Biosurfactants Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Biosurfactants Market by Product
10.6.7.2 Rest of Latin America Biosurfactants Market by Application
11 Company Profile
11.1 Evonik Industries AG
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Mitsubishi Chemicals
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 BASF SE (U.S.)
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Jeneil Biotech
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Givaudan
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 AkzoNobel
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Sun Products
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 MG Intobio
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Soliance
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Kao Corp
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Syntactic Foam Market Size was valued at USD 152.50 million in 2023 and is expected to reach USD 240.66 million by 2032 and grow at a CAGR of 5.20% over the forecast period 2024-2032.
The Sheet Metal Market Size was valued at USD 334.86 billion in 2023 and is expected to reach USD 510.92 billion by 2032 and grow at a CAGR of 5.51% over the forecast period 2024-2032.
The Geocomposites Market Size was valued at USD 445.3 million in 2023, and is expected to reach USD 776.0 million by 2032, and grow at a CAGR of 6.4% over the forecast period 2024-2032.
The Vitamin C Market Size was valued at USD 1.89 billion in 2023 and is expected to reach USD 2.99 billion by 2032 and grow at a CAGR of 5.23% over the forecast period 2024-2032.
The Latex Binders Market size was valued at USD 7.66 billion in 2023 and is expected to reach USD 13.38 billion by 2032 and grow at a CAGR of 6.78% over the forecast period of 2024-2032.
The Humectants Chemical Market was estimated to be worth USD 28.14 billion in 2023, and it is anticipated to increase to USD 48.70 billion by 2031, expanding at a CAGR of 7.1% over the forecast period of 2024-2031
Hi! Click one of our member below to chat on Phone