Sophorolipid and Rhamnolipid Market Scope and Key Players Analysis by 2030
Sophorolipid and Rhamnolipid Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 334.88 Million |
Market Size by 2030 | US$ 541.63 Million |
Global CAGR (2022 - 2030) | 6.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
COVID-19 Pandemic Impact:
The COVID-19 pandemic negatively affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa hampered the growth of several industries, including the chemicals & materials industry. The shutdown of manufacturing units of sophorolipid and rhamnolipid companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in product sales in 2020. Negative impact of the pandemic on the growth of industries such as food, personal care, leather processing, and others adversely affected the sophorolipid and rhamnolipid market growth. However, several industries have started operating at full capacity as supply constraints resolve gradually, which propels the demand for sophorolipid and rhamnolipid from various industries, driving the sophorolipid and rhamnolipid market growth.
Competitive Landscape and Key Companies:
Dow Inc., Allied Carbon Solutions Co. Ltd., Saraya Co. Ltd., Evonik Industries AG, Givaudan SA, Godrej Industries Ltd., Holiferm Ltd., Stepan Co, Deguan Biosurfactant Supplier, and Jeneil Bioproducts GmbH are a few players operating in the global sophorolipid and rhamnolipid market. Players operating in the global sophorolipid and rhamnolipid market focus on providing high-quality products to fulfil customer demand. They also focus on adopting strategies such as new product launches, capacity expansion, partnerships, and collaborations to stay competitive in the market.