Sulfosuccinate Market Analysis

Sulfosuccinate Market Analysis

Global sulfosuccinate market share for industrial cleaners was approximately USD 30 million in 2015. The industrial cleaning industry utilizes cleaners formulated using sulfosuccinates in various sectors including office buildings, restaurants, food processing plants, metal treatment & cleaning and transportation vehicles. The business growth for this segment is analyzed to be driven by increasing safety & environmental regulations along with growing public awareness towards health and hygiene.
 

Pharmaceuticals application will witness gains exceeding 5% CAGR over the forecast timeframe. The product is used as an excipient in the production of tablets as a lubricant and in syrups as an emulsifier. Rising health related issues across the globe, results in increasing medicines demand. This will ultimately boost the global sulfosuccinate market size by 2024.
 

North America, led particularly the by U.S. sulfosuccinate market size was valued at over USD 55 million in 2015. The regional growth is mainly attributed to the increasing pharmaceutical sector in the U.S. Furthermore, shale gas exploration in the U.S. will further contribute to the regional growth, as the product can be used in in drilling and mining applications. Europe, led by France and the U.K. was the dominated the overall industry in 2015. The region will retain its dominance over the forecast timeframe, as it is the highest producer and consumer of personal care products.
 

Asia Pacific, primarily led by India and China shall experience highest gains more than 6.5% CAGR by 2024. Increasing consumer disposable income, resulting in upgraded lifestyles has driven healthcare and personal care industry substantially in the region. This will subsequently drive the sulfosuccinate market share over the forecast timeframe.