Sodium Cumenesulfonate Market is expected to surpass USD 62 million by 2026, with a 4.3% CAGR | Stepan Company, Nease Corporation, Enaspol A.S., Sasol, Innospec
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Considering robust demand, firms operating in the sodium cumenesulfonate market are focusing on acquisitions and the development of new solutions. For instance, in 2020, key market player, Stepan Company announced the acquisition of Clariant S.A.’s anionic surfactant business and sulfate production equipment located in Mexico, with an aim to expand the company’s geographical presence.
According to Global Market Insights, Inc., the sodium cumenesulfonate market held a valuation of USD 57.7 billion in 2019 and is expected to surpass USD 62 million by 2026, with a 4.3% CAGR.
The market for liquid sodium cumene sulfonate (SCS) is anticipated to register above 4.5% CAGR over the forecast timeframe owing to its diverse application across various end user industries. In liquid form, the product finds application in rinse aids, heavy-duty laundry detergents, industrial cleaners, light-duty liquid detergents, metal preparation & working, and in automatic dishwash. Rise in demand for liquid laundry detergents in Latin America and Asia Pacific could propel industry expansion.
The anti-caking application segment is projected to record more than USD 5,640 thousand in the upcoming years owing to heightened consumption of powder detergents in Asia Pacific along with the development of advanced laundry washing powders. Anti-caking agent is used in powder products like detergents or granulated materials to prevent the formation of lumps and for simplifying packaging, transport, consumption, and flowability.
The chemical end-user sector is likely to garner around USD 2,170 thousand in revenue owing to the burgeoning growth across North America and Asia Pacific. Sodium 2-isopropylbenzenesulfonate is applied in the production of various fracturing fluids, additives, and wax cleaners, among others.
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Presently, companies such as Nease Corporation, Stepan Company, Taiwan NJC Corporation, Wuhan Bright Chemical Ltd., Kuantum Corp., Nandadeep Chemicals Ltd., and Yashdeep Chemicals Ltd. are working on improving their market position through various business strategies such as expansions, joint ventures, partnerships, new product development, and collaborations.
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