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Global Secondary Alkane Sulfonate Market 2018 Future Analysis - Clariant Corporation, Lanxess AG, The WeylChem Group, BIG SUN Chemical Corporation, Acar Chemicals
Secondary Alkane Sulfonate Market
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Cleanliness holds paramount importance in food & beverage market. Consequently, significant growth trends in food & beverage sector will fuel demand for dish-washing liquids, thus complimenting the product market share in the near future. SAS holds some unique properties such as higher water solubility, foaming power, higher chemical stability with variety of pH values, soil and grease dispersion and superior wetting action which drive its demand in the detergents industry as foremost surfactant ingredient.
In 2016, global food & beverage business generated revenues more than USD 15 trillion. Also, favorable FDA regulations safeguarding sanitation in processing associated with food & beverage industry and the emerging fast food trends in Asia Pacific region are expected to subsequently boost the industry growth in forecast period.
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Industrial cleaners will hold gains over 4% CAGR by 2024. Rapid industrialization along with detergents demand for oil and grease stains removal will propel the secondary alkane sulfonate market across the globe.In 2016, Asia Pacific secondary alkane sulfonate market held share over 40%, particularly led by India and China. Growing population, rapid urbanization & industrialization, rising consumer mindfulness for cleanliness and mounting regional food & beverage business will boost Asia Pacific SAS market in the coming years.
North America is probable to witness moderate gains up to 3.5% CAGR over the forecast period.
Escalating regional customer base for the personal care segment will fuel the industry growth by 2024. The SAS is popularly used in the cosmetic products like shampoos, shaving cream and bar soaps owing to its moisturizing, emulsifying and foaming traits. This represents brighter growth trends for the product in the coming years.
Key market players are Lanxess AG, Clariant Corporation, The WeylChem Group, Acar Chemicals, Rajvin Chemicals and BIG SUN Chemical Corporation
Chapter 3. Secondary Alkane Sulfonate (SAS) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Robust household detergents demand
3.4.2. Industry pitfalls & challenges
3.4.2.1. Stringent government regulations
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Competitive landscape, 2016
3.8.1. Strategy dashboard
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
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