Dobanic Acid Market by Top Key Participant Sigma-Aldrich, Kao Corporation, Upichem, Marketing Chemicals, Graham Chemical

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.

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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.

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.

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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.

Market share calculation in this report is not done based on companies covered in it. The calculation of dobanic acid market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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