Press release
Cleansing Care: Sodium Cocoyl Isethionate Market Shares Size, Share, and Key Growth Opportunities || BASF SE, L'Oréal S.A., Solvay SA, Akzo Nobel N.V.,
Sodium Cocoyl Isethionate Global Market Report 2024
The Business Research Company offers in-depth market insights through Sodium Cocoyl Isethionate Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sodium cocoyl isethionate market size has grown strongly in recent years. It will grow from $0.18 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to consumer demand for mild surfactants, rising popularity of solid bar products, growth in natural and organic personal care, increasing awareness of sensitive skin care, preference for sulfate-free formulations.
The sodium cocoyl isethionate market size is expected to see strong growth in the next few years. It will grow to $0.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to continued demand for gentle surfactants, innovation in solid personal care products, emphasis on biodegradability and sustainability, expansion in baby care product offerings, continued popularity in facial cleansers. Major trends in the forecast period include innovation in multifunctional formulations, focus on mildness for sensitive skin care, adoption in baby care and dermatological products, rising demand in high-foaming hair care products, global expansion of sodium cocoyl isethionate applications.
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Market Segmentation:
The sodium cocoyl isethionate market covered in this report is segmented -
1) By Type: Powder, Needles And Flakes, Granules
2) By Product Type: Cleansing Sodium Cocoyl Isethionate, Hair Conditioning Sodium Cocoyl Isethionate, Surfactant Sodium Cocoyl Isethionate, Other Product Types
3) By Application: Skin Care, Hair Care, Baby Care, Oral Care, Other Applications
Major Driver - Rising Skincare Demand Propels Growth In Sodium Cocoyl Isethionate Market
The growing demand for skincare products is expected to drive the growth of the sodium cocoyl isethionate market in the coming years. Skincare products, such as face masks and body scrubs, play an important role in self-care routines. Sodium cocoyl isethionate is a solvent that allows water, oil, and dirt to be combined to make things clean. Sodium cocoyl isethionate can be used in hundreds of skincare products such as facial cleansers, bar soap, acne products, styling products and other products. According to Trefis, a financial research and analysis company, the global skincare industry was worth almost $135 billion, rising almost 60% in the last 10 years, and Trefis estimates it to hit $180 billion, a rise of over 30% by 2023. Therefore, the growing demand for skincare products drives the growth of the sodium cocoyl isethionate market.
Competitive Landscape:
Major companies operating in the sodium cocoyl isethionate market report are BASF SE, L'Oréal S.A., Solvay SA, Akzo Nobel N.V., Clariant International Ltd., Nouryon Chemicals Co Ltd., Stepan Company, Sino Lion USA Ltd., Innospec Inc., Aegischem Ltd., Galaxy Surfactants Ltd., Chemistry Connection, Huanggang Yongan Pharmaceutical Co Ltd., Huzhou Zhanwang Pharmaceutical Co Ltd., Colonial Chemical Inc., Columbus Chemical Industries Inc., Vantage Specialty Ingredients Pvt Ltd., Matangi Industries LLP, JEEN International Corporation, Shijiazhuang City Horizon Chemical Industry Co Ltd., Ithos Global Inc., Earth Science Naturals Inc., Taiwan Nihon Jakie Corporation, KIYU New Material Co Ltd., Henan Surface Chemical Industry Co Ltd., MiLLChem-Akott LP, Wuhan Glorious Chemical Co Ltd., Shanghai Bett Chemical Co Ltd., Bafeorii Chemical Co Ltd., Starchem Enterprises Limited
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Top Trend - Sustainable Solution In Sodium Cocoyl Isethionate Market
Major companies operating in the sodium cocoyl isethionate market are focusing on developing innovative products such as Plantapon Soy to meet the increasing need for efficient and natural surfactants in personal care and cosmetic products. Plantapon soy is a bio-based surfactant derived from soy protein and coconut oil. This anionic surfactant is suitable for mild rinse-off applications in the personal care industry. For instance, in April 2022, BASF, a Germany-based chemical company, launched Plantapon Soy, a bio-based surfactant derived from soy protein and coconut oil. It is made from non-GMO soybeans, sourced from Europe, and coconut oil, making it suitable for vegan formulations and natural cosmetic standards such as COSMOS. Plantapon Soy is of 100% natural origin, cruelty-free, and offers an alternative to surfactants containing sulfate or ethylene oxide derivatives.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sodium Cocoyl Isethionate Market Characteristics
3. Sodium Cocoyl Isethionate Market Trends And Strategies
4. Sodium Cocoyl Isethionate Market - Macro Economic Scenario
5. Sodium Cocoyl Isethionate Market Size And Growth
…..
27. Sodium Cocoyl Isethionate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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