The Alkyl Polyglycoside (APG) Market is being driven by Increase in demand for consumer goods from developing countries
The Alkyl Polyglycoside (APG) Market is expected to grow at a CAGR of 6.89% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 531.43 million. In the burgeoning personal care market, Alkyl Polyglycoside (APG) is a key ingredient, gaining traction due to its effectiveness in producing foam and cleansing properties in various applications, including shampoos, shower gels, and hair conditioners. The mild nature of APG makes it a preferred choice for consumers seeking gentle skincare solutions. The market trend leans towards natural and sustainable ingredients, and APG's eco-friendly and ethically sourced production aligns with this preference. Consumers' increasing environmental consciousness fuels the demand for APG in personal care products, as they become more informed about the components of their daily hygiene items.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.89% |
Market growth 2024-2028 |
USD 531.43 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
6.46 |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
In the realm of eco-friendly and sustainable chemical solutions, Alkyl Polyglycosides (APGs) have emerged as a versatile ingredient in various industries, including agricultural applications and home care products. APGs, derived from renewable resources, function as surfactants, emulsifiers, and wetting agents. They are integral components of several consumer goods, such as surface cleaners, dishwashing liquids, laundry detergents, and pest control products. APGs offer several advantages, including biodegradability, mildness, and excellent cleaning performance. Their natural origin and biodegradable nature make them an attractive alternative to traditional synthetic surfactants. APGs' ability to stabilize active ingredients and enhance their texture and viscosity is crucial in formulating effective cleaning solutions. Moreover, APGs cater to sensitive skin and are used in personal care products like hand soaps, facial cleansers, shower gels, body washes, conditioners, and shampoos. In sunscreens, APGs contribute to enhancing the foam and improving the overall application experience. APGs' versatility extends to industrial applications, such as in the production of textiles, coatings, and construction materials. The market for APGs continues to grow, driven by increasing consumer demand for eco-friendly and high-performing products.
The Alkyl Polyglycoside (APG) market is a significant segment of the global specialty chemicals industry. This market is characterized by high-value-added chemicals used in the production of specialized products, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the global specialty chemicals market size is determined by the combined revenue generated by manufacturers in these sectors. Factors fueling market expansion include the increasing demand for specialty adhesives and sealants. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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