Dobanic Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1635
Global Dobanic Acid Market Size will witness healthy gains in coming years owing to its wide use as an efficient detergent in cleaning industry. The compound belongs to the surfactants class and is popularly known as lauryl benzenesulfonic acid, dodecyl ester, dodecyl benzene sulfonic acid or benzenesulfonic acid.
Dobanic acid market is highly driven by the cleaning industry. The global cleaning industry was valued close to USD 60 billion in 2016 and is anticipated to grow at a decent rate in the forecast period. Cleaning industry refers to a large variety of domestic and commercial cleaning products. Domestic refers to cleanings done in homes and apartments while commercial includes factories, warehouses, shops, government facilities, malls, schools, airports, and others. These factors are driving the dobanic acid market on a large scale.
Dobanic acid market is also driven by the furnishing industry. Increasing number of houses is fueling the demand for the furnishing industry on a large scale. Developing countries are going through huge infrastructural advancements. New and well developed housing projects are being carried out in the regions of Asia Pacific, Latin America, and Africa. These developing regions have a huge market for residential construction which in turn will boost the demand for furnishing industry. This will further create new opportunities for dobanic acid market in the coming years.
Technological advancements and developing manufacturing processes in order to improve the market presence and quality are likely to enhance the global dobanic acid market and create new growth avenues in future.
The product is toxic in nature which may result in skin, eye, and respiratory irritations when in direct contact; and harmful if swallowed which may hinder the industry growth in the near future. Lesser availability of raw materials used to synthetically obtain the product may also be considered as a restraint for the global dobanic acid market.
Based on applications, the global dobanic acid market can be segmented into processing aid, surfactant, plating, chemical intermediate, wetting agent, paraffin inhibitor, dispersant, foamer, and others. The product finds its use as a processing aid to reduce plasticity in other ingredients and improve the mold flow. As a surface-active agent or surfactant, the product finds its use in to lower the surface tension between two liquids or between a sold and a liquid and exhibits the properties of a detergent, dispersant, foaming agents, emulsifier, and wetting agent.
Based on the end-user industries, the global dobanic acid market is classified into personal care, paints & coatings, automotive care and cleaning and furnishing. In personal care, the product finds its uses in the cleansing creams and lotions. The automotive industry is growing at an exponential rate owing to rising disposable income of people in the developing regions such as Asia Pacific and Latin America. Increasing standard of living of people, developing infrastructure and purchasing power parity is driving the automobile industry which in turn is fueling the product demand in the automobile care industry. These factors are likely to lead the global dobanic acid market to new heights.
The global dobanic acid market can be bifurcated on the basis of regions as Asia Pacific, Europe, North America, Latin America and Middle East & Africa. The product market in the developed regions of Europe and North America is mature and well developed. Due to increasing use of detergents for commercial as well as industrial use, North America hold a major chunk of the global dobanic acid market share. Europe holds a significant market share and is likely gain steadily in the forecast period owing to a well-developed cleansing industry in this region.
The dobanic acid market in Asia Pacific is on a developing stage and is likely to witness healthy gains owing to a rapidly developing automobile industry. the construction industry in this region will further lead the furnishing industry which in turn will fuel the regional dobanic acid market demand. Latin America and Middle East & Africa are the new emerging markets owing to expansions of commercial industries such as automobile, construction, and paints & coatings.
Major players operating in the global dobanic acid market include Sigma-Aldrich, Kao Corporation, Upichem, Marketing Chemicals, Graham Chemical, Enaspol a.s., Dada Surfactants and Henan Provail Chemplant.
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