Alkyl Polyglucosides Market to exceed USD 1.1 Billion by 2032, Says Global Market Insights inc.
Alkyl Polyglucosides Industry size is expected to register 5.4% CAGR between 2024 and 2032 propelled by biodegradability and low toxicity.
Selbyville, Delaware, July 03, 2024 (GLOBE NEWSWIRE) — Alkyl Polyglucosides Market is projected to reach over USD 1.1 billion by the end of 2032, as per a
Europe to hold significant market position
Europe alkyl polyglucosides market is anticipated to grow at significant rate between 2024 and 2032, driven by the increasing consumer demand for eco-friendly and sustainable products. The influx of stringent environmental regulations, and the shift towards green chemistry is driving the adoption of several chemicals in the region. The superior properties of alkyl polyglucosides, such as biodegradability, non-toxicity, and mildness is enhancing its appeal in personal care, household cleaning, and industrial applications. Significant advancements in production technologies and the rising trend of natural and organic personal care products will also boost the regional market expansion.
Alkyl Polyglucosides Market Participants
Some of the leading firms operating in the alkyl polyglucosides industry include BASF SE, Clariant AG, Croda International Plc, Dow Chemical Company, Galaxy Surfactants Ltd., Huntsman Corporation, Kao Corporation, and Stepan Company. These market players are adopting mergers & acquisitions, partnerships, and capacity expansion of manufacturing plants to improve their market foothold. For instance, in June 2023, BASF announced plans to expand its global alkyl polyglucosides (APG®s) production capacity at sites in Bangpakong, Thailand, and Cincinnati, Ohio. This expansion allowed BASF, to enhance its regional presence, provide faster service to customers, and reduce cross-regional volume flows.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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