The global coconut derived surfactants market size is likely to be evaluated at USD 1,886.9 million in 2023. The market is expected to reach USD 2,606.8 million in 2033 and exhibit immense growth at a CAGR of 3.3% in the forecast period.
The coconut derived surfactants market size is likely to expand, owing to the reduced prices of raw materials associated with lesser production. Although, the expensive and time-consuming legislative requirements are likely to impede the growth of the coconut-derived surfactant.
On the other hand, bio-based surfactants and sustainable green surfactants have been growing in demand worldwide, which is estimated to create several opportunities for the market.
Coconut-derived surfactants have various applications that increase their demand among end users. For instance, the surfactant level in automatic dishwasher detergents is lower than in hand dishwashing detergents to reduce foaming.
These surfactants are increasingly being used in the cosmetic industry. Additionally, governments across the globe have initiated measures promoting the use of chemical-free supplements, which is anticipated to fuel the growth of market trends.
The adoption of coconut-derived surfactants is likely to increase in various sectors since they have low surface tension features. Furthermore, owing to growing washing machine penetration, especially in developing economies, coconut-derived surfactants are likely to contribute most to natural surfactants.
| Attribute | Key Statistics |
|---|---|
| Coconut Derived Surfactants Market Size (2023) | USD 1,886.9 million |
| Projected Market Size (2033) | USD 2,606.8 million |
| Value-based CAGR (2023 to 2033) | 3.3% |
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Increasing demand from various applications, as well as andonal care sectors, are essental aspects that are likely to accelerate the global coconut dericoconut-derived market growth. Moreover, the increasing demand for emulsion polymerization further surged the adoption of these surfactants.
There has been a growth in the purchasing of liquid soap, owing to the COVID-19 pandemic, along w anding awareness of hygiene. Additionally, the increasing focus on environmental regulations will likely cultivate high demand for these surfactants in the market.
ct regulations implemented on using conventional surfactants. Moreover, there has also been significant growth in the usage of surfactants in the detergent industry. These factors are estimated to drive the sales of coconut-derived surfactants.
Coconut-derived surfactants are used in various products, such as detergents and cosmetics. Hence, the industry's diversity of applications might be an obstruction when a large-scale issue approaches.
Consumers may be unwilling to pay a bio-premium cost that applies to natural surfactants. Moreover, the raw material prices also fluctuate every so often. These are likely to pose major challenges for the coconut derived surfactants market.
There has been an increased use of crude oil-based chemical surfactants, which is harmful to the environment due to several factors, such as low biodegradability. Hence, growing awareness about environmental protection is likely to surge the adoption of coconut-derived surfactants, as they are natural and eco-friendly.
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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 oilfithis region's chemicals and detergents in this region.
This region hhigh awareness regarding the negative effects of chemical surfactants on human health and the environment. This has surged the rising adoption of bio-based or natural surfactants such as coconut-derived surfactants. Additionally, the market growth is further estimated to be supported by a large manufacturing base for personal care products.
North America is the second most dominating coconut derived surfactants market and holds a significant share with a revenue of 34.1%. This is owing to government legislation and the growing demand for chemical-free surfactants.
The potentially hazardous effects of conventional surfactants on the skin have shifted consumer preference toward natural products. This is anticipated to bolster the demand for coconut-derived surfactants and its market growth in this region.
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The Asia-Pacific is a growing coconut-derived surfactant market. Several agricultural, textile, and personal care industries in countries such as China and India, along with the growing demand for natural products, are expected to fuel the demand for these surfactants.
As of today, companies that develop coconut-derived surfactants are mostly top market players. However, a few start-up companies are contributing to the sales of coconut-derived surfactants through extensive research and development activities.
In 2015, new technologies were explored by researchers in Paul Dauenhauer's laboratory at the University of Minnesota to use biomass. These materials were derived from organic, renewable sources to make the same chemical components required to manufacture plastics, rubber, detergents, etc., usually derived from fossil fuels.
The result was Eosix - a method for making nontoxic, sustainably-sourced ingredients called surfactants. In 2016, Christoph Krumm, Dauenhauer, and laboratory members co-founded a start-up company, Sironix Renewables with help from the Venture Center at UMN Technology Commercialization. Krumm now leads the company as CEO at its headquarters in Seattle.
Industry players engage in numerous planned product launches and global expansion to promote the brand and sales. They are also expanding their presence across various geographies and entering new markets, especially in developing regions, to expand their customer base and strengthen their presence.
Due to the surging consumer demands, the introduction of new innovative products in the market is also being carried out by market players.
Key Market Players in the Coconut Derived Surfactants Market
Some of the recent developments in the coconut derived surfactants market are:
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.
The coconut derived surfactants market is likely to garner a CAGR of 3.3% during the forecast period.
Europe is the leading coconut-derived surfactant Market.
By 2033, the coconut derived surfactants market is likely to grow to a valuation of USD 2,606.8 million.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Household 5.2. Detergent 5.3. Personal Care 5.4. Food Processing 5.5. Agricultural Chemicals 5.6. Textiles 5.7. Institutional Applications 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Formulations 6.1. Liquid 6.2. Bar 6.3. Powdered 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Haiquing Biotechnology 17.2. KL-Kepong Oleomas 17.3. Croda International 17.4. BASF 17.5. The Dow Chemical Company 17.6. AkzoNobel 17.7. 3M 17.8. Kao Corporation 17.9. F. Hoffmann-La Roche Ltd. 17.10. Sysmex Corporation 18. Assumptions & Acronyms Used 19. Research Methodology
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Coconut Derived Surfactants Market
