Global Sulfosuccinate Market: Overview
Sulfosuccinate is essentially a very mild co-surfactant that is highly compatible with several other surfactants which may be anionic, non-anionic, or amphoteric. The substance is extensively used in the production of products meant for delicate skin or even baby products. It causes lower irritation to the eyes and skin of the user, as contrasted to other anionic surfactants. Sulfosuccinate offers good foaming and cleansing effects, and is also utilized as a secondary emulsifier. These desirable properties of sulfosuccinate play a key role in augmenting the demand of the product in the swiftly rising personal care and cosmetics industry. As the industry for personal care flourishes in the forthcoming years, the market for sulfosuccinate is expected to witness a significant boost.
The report on the global sulfosuccinate market offers an in-depth study of the market scenario, with focus on its drivers, restraints, trends and opportunities. The report additionally delves into the impact of product in associated industries and business sectors. The global reports presents an insight into the various strategies that existing vendors in the market could undertake in order to gain traction in the industry, along with an analysis on entry barriers for new players. The market intelligence report acts as a comprehensive guide on the global market for sulfosuccinate over the mentioned period of forecast.
According to TMR analysts, the global sulfosuccinate market is projected to expand at a 5.3% CAGR over the forecast period of 2015 to 2023. The market is estimated to reach a US$ 446.2 mn by the end of the duration of forecast.
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Personal Care Segment to Witness Mammoth Growth Rate
The global market for sulfosuccinates is sectioned based on applications into family cleansers and fluids, personal care products, industrial cleaners, pharmaceuticals, and others. Among these applications, the application segment of claim to fame cleansers, cleaning operators, and personal care products is expected to observe colossal growth opportunities in the anticipated years.
Adoption of the product in household cleansers is anticipated to be in charge of creating 40% of the market income in 2014. The section is expected to remain a key shopper of sulfosuccinate over the forecast period. The product is an anionic surfactant and is broadly utilized in cleansers. It is likewise utilized as solubilizers and dispersants.
The personal care section is required to see the swiftest development over the gauge length, as most sulfosuccinates are extraordinary frothing operators and are delicate on skin and eyes. This makes them one of the top picks, with regards to personal care products. Developing health and wellness industry will help the forte cleansers and cleaning operator’s business development, which thus would multiply the sulfosuccinate piece of the overall industry sooner rather than later.
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Asia Pacific to Witness Lucrative Growth Opportunities
Based on volume, Europe dominated the world sulfosuccinate market with over 35% share in the recent past. Rise in the laundry business is the one of the key point driving the sulfosuccinate market. The in North American market is expected to witness a below average growth rate from 2015 to 2023. Brazil is the significant consumer of sulfosuccinates in Latin America. The brisk growth in urbanization and surge in disposable incomes of user are anticipated to boost the regional market.
Asia Pacific is estimated to be the swiftest growing region market for sulfosuccinates during the predicted time period. Rise in demand for sulfosuccinate is anticipated to be seen in countries, for example, South Korea, Indonesia, India, and China in Asia Pacific.
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Some of the prominent players operating in the global sulfosuccinate market are The Dow Chemical Company, Stepan Company, Lonza, Huntsman Corporation, Croda International Plc, and Cytec Industries Inc.