Secondary Alkane Sulfonate Market Size

Secondary Alkane Sulfonate Market Size

Secondary Alkane Sulfonate Market size was more than USD 900 million in 2016 and is likely to observe gains close to 5% CAGR over the forecast timespan owing to the increasing household detergents sales. In 2016, the overall household detergents industry size was more than 30 million tons and is set to surpass 50 million tons by 2024, with estimated gains of over 6% CAGR from 2017 to 2024./p>

Superior water solubility, excellent wetting action, noticeable foaming power, exceptional grease- and soil dispersing characteristics of the product makes it a chief surfactant ingredient used in detergents. In addition, the product offers value added washing, emulsifying and cleaning performance accompanied with strong surfactant features and high chemical stability across wide range of pH values. This makes it viable across household as well as industrial detergents. Thus, elevating detergents demand over the forecast timeframe will positively impact on the global secondary alkane sulfonate market share.

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Improving lifestyle dynamics along with high spending capacity of consumers have substantially propelled the personal care product demand in the recent years owing to its superior foaming, emulsifying and moisturizing characteristics is widely used in personal care products including shampoos, shaving cream, bar soaps, etc. The overall cosmetic industry was roughly more than USD 150 billion in 2005 and surpassed USD 220 billion in 2016. Increasing consumer awareness towards personal wellbeing has stimulated personal care or cosmetic product sales across the globe./p>

The global secondary alkane sulfonate market is sternly directed and regulated by the government regulations on account of potential threat of product exposure for human health and environment. For instance, direct skin contact of the product with high concentration may cause irritation and oral intake of the product via residue deposits from plates & crookery may cause indigestion. Thus, the product is used limited quantity in detergents. Moreover, product disposal in the water bodies is harmful for aquatic flora and fauna, due to its toxicity./p>