Sulfosuccinate Market to Expand owing to High Demand from Personal Care Industry
Sulfosuccinates are a form of anionic surfactants and are among the mildest surfactants among all the anionic surfactants. They are surface-active metal salts of either diester or monoester of sulfosuccinic acid, and are identical to alkyl sulfonates. They were first developed in 1939. Sulfosuccinates are utilized extensively in the manufacture of paints, coating materials, varnishes, dyestuff pigment, lacquers, binding materials, and the rewetting process, namely the flush process. A majority of the systems utilized in these fields are dispersed. Hence, surfactants are able to expedite the arrangement of dispersions and enhance their stability. The global sulfosuccinate market stood at US$271.5 million in 2013 and is projected to reach US$446.2 million,growing at a 5.3% CAGR from 2015 to 2023.
Download And Get FREE Sample PDF File Of Sulfosuccinate Market : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5036
Diesters Utilized as Wetting Agents; Monoesters Utilized in Personal Care
Sulfosuccinates are of two types, namely diesters and monoesters. Among these, the diesters are soluble in water and can be irritating to the skin and eyes. They have poor foaming properties and hence are majorly utilized as dispersants and wetting agents. The other type of sulfosuccinates, i.e. monoester sulfosuccinates, owing to their excellent foaming properties and mild nature, are utilized in applications in personal care.
Household Detergents and Cleaners Biggest End-User Segment in 2014
Sulfosuccinates are majorly utilized in compositions of laundry detergents and in formulations for hard surface cleaners. Glass cleaners such as spectacle glass cleansers, beer glass cleansers, wind screen cleansers, wall cleaners, floor cleaners, and carpet cleaners are major applications of sulfosuccinates. Hence, the segment of household detergents and cleaners was the biggest end-use segment of the global sulfosuccinates market in 2014. Additionally, increase in demand for specialty detergents is also fuelling the growth of the sulfosuccinates market.
Personal Care Segment Predicted to Experience Swiftest Growth in the Forecast Horizon
Sulfosuccinate surfactants have been utilized in the personal care industry widely in the past seven years and this is why the personal care segment is predicted to experience the swiftest growth in the forecast horizon. Commonly, sulfosuccinates that are based on lauryl alcohol ethers have been used for all kinds of mild shampoos. Additionally, certain types of sulfosuccinates are applied in baby shampoos that are extremely mild.
Asia Pacific to Lead Global Sulfosuccinates Market
On the basis of geography, the sulfosuccinates market is segmented into Europe, North America, Latin America, Asia Pacific, Africa, and the Middle East. Among these, on the basis of volume, in 2014, Europe led the global sulfosuccinate market with a share of more than 35%. On the other hand, Asia Pacific is predicted to be the most swiftly developing market for sulfosuccinates in the forecast horizon. In Thailand, India, South Korea, China, and Indonesia, demand for sulfosuccinates is predicted to rise during the forecast period. The North American sulfosuccinate market, however, is expected to experience a growth rate lower than that of the global market in the forecast period.
Huntsman Corporation, Cytec Industries Inc., The Dow Chemical Company, MFG Chemical Inc, and Stepan Company are amongst the key players in the global sufosuccinate market.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.