Secondary Alkane Sulfonate (SAS) Market size is poised to exceed USD 1.3 billion by 2024; according to a new research report by Global Market Insights Inc.
Robust detergent demand industrial applications such as textile, hospitality, paper &pulp, laundry services, etc. will positively influence the global secondary alkane sulfonate market size over the forecast timespan. This is chiefly due to product usage in detergents manufacturing owing to its superior foaming and cleansing characteristics. Additionally, increasing household demand in the recent years, particularly due to improved consumer lifestyle dynamics and awareness towards personal hygiene will complement business growth by 2024. For instance, the global household detergents market industry shall experience growth over 6% during the forecast timeframe.
Cleanliness is an essential parameter adhered in the food &beverage industry. Thus, strong growth indicators in the food 7 beverage business will stimulate dish washing liquids demand, which will subsequently boost the global secondary alkane sulfonate market share in the coming years. In 2005, the overall food &beverage business was roughly recorded at USD 8 trillion and surpassed USD 15 trillion in 2016, with growth close 8% between the same timeframe. In addition, favoring FDA regulations towards ensuring cleanliness food &beverage processing along with opening up of numerous food outlets such as Burger King, McDonald's, KFC, etc. in Asia Pacific will boost industry growth.
The secondary alkane sulfonate market share is negatively influenced by prevalence of strict government norms due to potential product threat on exposure to human as well as the environment. For example, direct product (high concentration) contact with the human skin may cause irritation and its consumption via residue remains from plates and crookery may lead to indigestion. Furthermore, associated toxicity with SAS makes is vulnerable for marine flora &fauna on its disposal into water bodies. These factors may hinder the overall SAS market size by 2024.
In 2016, household detergents &cleaners led the global secondary alkane sulfonate market by accounting approximately 40% of the global volume. Growing population along with increasing consumer awareness towards health &hygiene are the factor contributing business growth across the globe.
Industrial cleaners will witness gains more than 4% CAGR over the forecast period. Rapid industrialization across the globe along with considerable detergents demand for removing grease and oil stains will boost the global secondary alkane sulfonate market size by 2024.
Global secondary alkane sulfonate market share was led by Asia Pacific in 2016. In addition, the region, mainly led by China and India, captured more than 40% of the total business share in the same year. Growing Population in China and India, rapid industrialization &urbanization, escalating food &beverage business and growing consumer awareness towards cleanliness are the prime factors propelling Asia Pacific secondary alkane sulfonate market size in the recent years. Furthermore, expanding personal care product customer base in the region will stimulate business growth 2024, as the product is used in cosmetic products such as bar soaps, shampoos and shaving cream due to its foaming, moisturizing and emulsifying traits. However, North America will experience moderate gains close to 3.5% CAGR over the forecast timespan.
In 2015, secondary alkane sulfonate size was competitive. Key companies participating in the business are BIG SUN Chemical Corporation, Clariant Corporation, The WeylChem Group, Lanxess AG, Rajvin Chemicals, and Acar Chemicals.
Secondary Alkane Sulfonate (SAS) market research report includes in-depth coverage of the industry, with estimates &forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Secondary Alkane Sulfonate (SAS) Market By Application
Dish washing liquids
Household detergents &cleaners
Personal care products
The above information is provided on a regional and country basis for the following:
Middle East &Africa