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NEWARK, Del, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The global coconut derived surfactants market is expected to auger phenomenal growth with a CAGR of 6.3% over the forecast period from 2022 to 2032. The market is expected to be valued at US$ 1,821 Mn in 2022 and the market is expected to reach US$ 3,342.012 Mn in 2032.

The coconut derived surfactants market size is likely to expand at a robust pace, owing to the reduced prices of raw materials combined with laser production. Bio-based surfactants and sustainable green surfactants are surging across the world, creating lucrative opportunities for the market.

There is a widespread application of coconut derived surfactants which is increasing its demand amongst the end users. In order to reduce foaming in the dishwasher, the surfactant level in automatic dishwashers is reduced.

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Leading market players engage in various planned product launches and global expansions in order to promote their brand resulting in higher sales. 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. key players of coconut derived surfactants in the global market.

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Europe is expected to dominate the coconut derived surfactants market by possessing a notable revenue of 40.4% and is anticipated to hold its position throughout the forecast period. This is associated with the surging demand for oilfield chemicals and detergents in this particular region.

There is high awareness witnessed in the region concerning the harmful effects of chemical surfactants on human health and the degrading environment. Owing to these concerns, there has been a surge in the adoption of bio-based or natural surfactants such as coconut derived surfactants. Moreover, the market is expected to be supported by the presence of a large manufacturing base for personal care products.

North America is the second more lucrative region exhibiting positive growth opportunities for coconut derived surfactants market. The region is accountable for total revenue of 34.1%. Due to rising government legislation and growing demand for chemical-free surfactants, the market is predicted to rise in the future.

The hazardous effects of conventional surfactants on the skin are serious which has made consumers shift their preferences toward more organic products. This is anticipated to bolster the demand for coconut derived surfactants and its market growth, in this region.

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