Bio-Based Cleaning Products Market - Forecast(2021 - 2026)
Bio-Based Cleaning Products Market Overview
Bio-Based Cleaning Products Market size is forecast to reach $X.X billion by 2025, after growing at a CAGR of 8.2% during 2020-2025. Bio based products are those products in which the ingredients which were earlier made from fossil fuels are now made from biological products. Typical examples of some biological ingredients are plant oils, soy oil, coconut oil, palm oil, glucose etc. Nowadays enzymes are also used as ingredients of bio-based cleaning products. One of the main reasons for which the market is shifting towards bio-based ingredients is because fossil fuel ingredients are expensive and renewable bio-based ingredients are easy to get.
Report Coverage
The report: “Bio-Based Cleaning Products Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bio-Based Cleaning Products Market Industry.
By Source: Corns, Soybeans, Coconut and Others.
By Type: Biochemical, Bio Materials, Bio Fuels and Others.
By Application: Automotive, Textile, Furniture, Building & Construction, Food & Beverage, Cleaning, Personal Care, Gardening and Others.
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
- New product developments and increasing investments in research and development of bio-based cleaning products are expected to drive the growth of this market.
- Bio-based cleaning products are ecofriendly and recyclable and they don’t easily pollute the environment.
- Asia Pacific dominated the bio-based cleaning products market.
By Source - Segment Analysis
Corn segment held a significant share in bio-based cleaning products market in 2019. Bio-based cleaners are derived from agricultural products such as corn, soybeans, and even coconuts. Palm kernel oil derivatives are used as surfactants in detergents to ensure an adequate cleaning functionality as they attack and remove the dirt. Only two vegetable feedstocks i.e. coconut and palm oil have the chemical structure equivalent to petrochemicals for the manufacture of surfactants for detergents. Soy-based cleaning products are degreasers and solvents able to remove surface coatings such as soap scum, grease, urethanes, and epoxies
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By Type - Segment Analysis
Bio Fuels segment held a significant share in bio-based cleaning products market in 2019. Biofuels are one of the largest sources of renewable energy in use today. In the transport sector, they are blended with existing fuels such as gasoline and diesel. More than 97% of gasoline in the United States contains some ethanol, a renewable, domestically produced fuel made from different plant materials. Ethanol is typically blended with gasoline to increase octane and cut down on air pollution. It also plays a role in reducing our dependence on imported oil, extending the supply of U.S. gasoline, and stimulating the economy. The aviation industry is also taking biofuels to new heights. Most major airlines are now blending renewable fuels into many routine commercial flights. Government and industry initiatives like Farm to Fly 2.0 aim to increase the U.S. supply of these drop-in biofuels that could help reduce costs for airlines.
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