At 5% CAGR, Secondary Alkane Sulfonate Market to cross USD 1.3 bn by 2024 | LANXESS, WeylChem Group of Companies, Clariant

The secondary alkane sulfonate market share is negatively influenced by prevalence of strict government norms due to potential product threat on exposure to human as well as the environment. For example, direct product (high concentration) contact with the human skin may cause irritation and its consumption via residue remains from plates and crookery may lead to indigestion. Furthermore, associated toxicity with SAS makes is vulnerable for marine flora & fauna on its disposal into water bodies. These factors may hinder the overall SAS market size by 2024.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1516

Secondary Alkane Sulfonate (SAS) Market size is poised to exceed USD 1.3 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.

Industry impact forces

Growth drivers
• Robust household detergents demand
Industry pitfalls & challenges
• Stringent government regulations

Cleanliness is an essential parameter adhered in the food & beverage industry. Thus, strong growth indicators in the food 7 beverage business will stimulate dish washing liquids demand, which will subsequently boost the global secondary alkane sulfonate market share in the coming years.

In 2005, the overall food & beverage business was roughly recorded at USD 8 trillion and surpassed USD 15 trillion in 2016, with growth close 8% between the same timeframe. In addition, favoring FDA regulations towards ensuring cleanliness food & beverage processing along with opening up of numerous food outlets such as Burger King, McDonald's, KFC, etc. in Asia Pacific will boost industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. LANXESS
2. WeylChem Group of Companies
3. BIG SUN Chemical Corporation
4. Acar Chemicals
5. Rajvin Chemicals - India
6. Clariant

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1516

In 2016, household detergents & cleaners led the global secondary alkane sulfonate market by accounting approximately 40% of the global volume. Growing population along with increasing consumer awareness towards health & hygiene are the factor contributing business growth across the globe.

Secondary Alkane Sulfonate (SAS) Market By Application
o Dish washing liquids
o Household detergents & cleaners
o Industrial cleaners
o Personal care products
o Others

Industrial cleaners will witness gains more than 4% CAGR over the forecast period. Rapid industrialization across the globe along with considerable detergents demand for removing grease and oil stains will boost the global secondary alkane sulfonate market size by 2024.

Browse key industry insights from the report, “Secondary Alkane Sulfonate (SAS) Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/secondary-alkane-sulfonate-SAS-market

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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org

This release was published on openPR.