Sulfosuccinate Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Sulfosuccinate Market: Overview
Sulfosuccinates are metal (sodium) salts of monoester or diester sulfosuccinic acid. Produced from maleic acid anhydride, they are primarily anionic surfactants. Unlike other anionic surfactants, sulfosuccinates cause less irritation to the skin and eyes as they have mild cleansing characteristics. With biodegradable and good foaming properties, they also provide performance properties such as dispersing, wetting, foaming, and solubilization.
Diesters and monoesters are the two variants of sulfosuccinates. Diesters are less soluble in water, cause irritation to skin and eyes, and possess poor foaming properties, therefore they are used as wetting agents and dispersants. Monoester sulfosuccinates, on the other hand, are mild on the eyes and skin and make for good foaming agents, thus finding extensive application in the personal care industry.
Global Sulfosuccinate Market: Key Trends
The global sulfosuccinate market is primarily led by growing demand for personal care products. Due to excellent emulsifying, dispersing, and wetting properties, sulfosuccinate is widely used in personal care products including baby shampoos, cleaners, and bubble baths. In addition, changing lifestyle and growing consumer disposable income will supplement the demand. Sulfosuccinate is majorly used as cleansers for floor cleaners, glass, carpet shampoos, and dry cleaning. It also finds application in leather and fur industries.
Moreover, aqueous surfactant formulation is injected into a mature oil reservoir and is used to drill and produce natural gas and coal bed methane. As a result, a recuperating oil and gas industry is expected to open new doors for market participants.
The market will face a huge setback due to challenging regulatory, consumer, and environmental pressures pertaining to the packaging, transportation, production, use, and disposal of sulfosuccinate.
Global Sulfosuccinate Market: Market Potential
The usage of sulfosuccinate is not only limited to personal care products, but also finds application in the agriculture sector. Dioctyl sodium sulfosuccinate is a type of salt, commercially known as Aerosol OT, which when mixed with liquid pesticides helps reduce waste due to splashing.
A team of researchers affiliated with several institutions in China have found that during spraying of pesticides on plants and crops, a considerable amount of the liquid bounces off the leaves and ends up as waste on the ground. By adding a small amount of Aerosol OT to the liquid fertilizer, the liquid adheres to leaves rather than bouncing off or splashing. As Aerosol OT is widely used in pharmaceutical products, it has been proven to have no negative impact on human health.
Global Sulfosuccinate Market: Regional Outlook
Geographically, the sulfosuccinate market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to lead the global market and will continue to dominate the market over the forecast period due to a growing pharmaceutical industry in the U.S. Moreover, owing to the use of the product in drilling and mining applications, shale gas exploration in the U.S will supplement the market growth. Europe is likely to follow suit, as it is the highest consumer and producer of personal care products.
The Asia Pacific region, led by China and India, will register a high CAGR over the forecast period. This regional growth can be credited to the increased disposable income, which invariably has boosted the demand for healthcare and personal care products, thereby positively impacting the market growth.
Global Sulfosuccinate Market: Competitive Analysis
The Dow Chemical Company, Lonza, Huntsman Corporation, Rhodia, Croda International Plc, MFG Chemicals, and Stepan Company are the prominent players operating in the global sulfosuccinate market.
The degree of competition is intense among the leading participants who have their presence distributed across multiple stages of the industry’s ecosystem. Through capacity expansion, mergers and acquisitions, and price hike, prominent players are able to hold their market position.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report