Secondary Alkane Sulfonate Market Analysis

Secondary Alkane Sulfonate Market Analysis

Household detergents & cleaners application segment led the overall business and accounted for over 40% of the global industry share in 2016. Detergents and cleaners are basic requirement for carrying out day to day domestic applications such as washing and cleaning. The product is an anionic surfactant and is a major ingredient in detergents and cleaners. Thus, increasing household detergents & cleaners demand on account of improving consumer awareness towards health & hygiene will boost the secondary alkane sulfonate market growth by 2024. However, the segment is forecast to witness moderate gains from 2017 to 2024 due to prevalence of stringent regulations in order to ensure human safety.

The industrial cleaners application segment is projected to exhibit gains close to 4% CAGR through 2024. Cleaners are extensively used in industries to remove stains caused to grease, oil, etc. Thus, rapid industrialization across the globe will positively influence on industrial cleaners demand, which will subsequently boost the global market in the coming years.
 

Asia Pacific led the market in 2016 and recorded more than 40% of the global business share. Enhancing consumer spending pattern, lifestyle dynamics along with rapidly growing population in China and India was boosted the household detergents and personal care product sales in the region. In addition, robust industrialization in the region on account of government support to upscale its manufacturing business will complement the secondary alkane sulfonate market for industrial cleaners by 2024.
 

North America is likely to experience growth more than 3.5% over the forecast timeframe. The regional growth will be mainly attributed to robust demand for applications including dish washing liquid & cleaners, industrial cleaners and personal care products. However, prevalence of stringent government regulations laid by the EPA and FDA, regarding SAS usage in personal care products and household detergents may hamper the regional secondary alkane sulfonate market share by 2024.