Secondary Alkane Sulfonate Market incredible future growth | 2018 Key Players are BIG SUN Chemical Corporation, Clariant Corporation, The WeylChem Group, Lanxess AG, Rajvin Chemicals, and Acar Chemicals

Worldwide secondary alkane sulfonate market was worth USD 900 million in 2016 and will surpass a revenue generation of USD 1.3 billion by 2024 with a CAGR of 5% over 2016-2024. Secondary alkane sulfonate (SAS) market will grow exponentially owing to the shifting focus of the consumers toward cleanliness. Hygiene and cleanliness are after all, the key factors that drive the food and beverage sector. The F&B sector has been expanding rapidly across the globe, with shifting consumer preferences toward packaged meals and aerated drinks. Secondary alkane sulfonates are prominently used for dish washing across the F&B sector, which in turn, will influence secondary alkane sulfonate industry size considerably.

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Subject to some of the noteworthy product characteristics such as superior foaming capability, excellent water solubility, significant oil and grease separation ability, and notable wetting action, SAS is extensively used as a prime ingredient in detergents, which will stimulate secondary alkane sulfonate industry share. Owing to the product’s excellent chemical stability and solid surfactant nature, it is prominently used in highly acidic environments. Its highly significant properties have led to its surging usage in the manufacturing process of industrial and household detergents. SAS offers noticeable cleaning, emulsifying, and washing characteristics, which will favorably boost secondary alkane sulfonate market size over the years ahead.

Robust detergent demand industrial applications such as textile, hospitality, paper & pulp, laundry services, etc. will positively influence the global secondary alkane sulfonate market size over the forecast timespan. This is chiefly due to product usage in detergents manufacturing owing to its superior foaming and cleansing characteristics. Additionally, increasing household demand in the recent years, particularly due to improved consumer lifestyle dynamics and awareness towards personal hygiene will complement business growth by 2024. For instance, the global household detergents market industry shall experience growth over 6% during the forecast timeframe.

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Partial Chapter of the Table of Content

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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Global secondary alkane sulfonate market share was led by Asia Pacific in 2016. In addition, the region, mainly led by China and India, captured more than 40% of the total business share in the same year. Growing Population in China and India, rapid industrialization & urbanization, escalating food & beverage business and growing consumer awareness towards cleanliness are the prime factors propelling Asia Pacific secondary alkane sulfonate market size in the recent years. Furthermore, expanding personal care product customer base in the region will stimulate business growth 2024, as the product is used in cosmetic products such as bar soaps, shampoos and shaving cream due to its foaming, moisturizing and emulsifying traits. However, North America will experience moderate gains close to 3.5% CAGR over the forecast timespan.

In 2015, secondary alkane sulfonate size was competitive. Key companies participating in the business are BIG SUN Chemical Corporation, Clariant Corporation, The WeylChem Group, Lanxess AG, Rajvin Chemicals, and Acar Chemicals.

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