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Methyl Ester Sulfonate Market Size, Share, Analysis, Trends And Strategies 2024-2033
Methyl Ester Sulfonate Market Size
As per the report, the methyl ester sulfonate market size has grown rapidly in recent years. It will grow from $1.18 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The methyl ester sulfonate market size is expected to see rapid growth in the next few years. It will grow to $2.25 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%.
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Rising Demand For Personal Care Products Growth In Methyl Ester Sulfonate
The rising demand for personal care products is expected to propel the growth of the methyl ester sulfonate market going forward. Personal care products are items used for hygiene and grooming, encompassing a wide range of products to maintain and improve one's physical appearance and cleanliness. A growing emphasis on health and wellness increases spending on personal care products that enhance appearance, hygiene, and overall well-being. Methyl ester sulfonate is used in personal care products such as shampoos, soaps, and skincare products. Its mildness and ability to produce stable foams contribute to a positive user experience. For instance, in July 2023, according to the U.S. Department of Commerce, a U.S.-based governmental organization, sales of beauty and personal care products in China reached $88 billion in 2021, reflecting a 10% increase from the previous year. Therefore, rising demand for personal care products drives the methyl ester sulfonate market.
Innovative Solutions In Sustainable Cleansing
Major companies operating in the methyl ester sulfonate market are developing innovative products, such as sulfate-free anionic surfactants, to meet the growing demand for environmentally friendly and sustainable alternatives to traditional surfactants. A sulfate-free anionic surfactant is a cleansing agent with a negatively charged head and hydrophobic tail commonly found in personal care products that effectively removes dirt and oil while being gentler on the skin and hair compared to sulfate-based alternatives. For instance, in August 2022, KLK OLEO, a Malaysia-based provider of oleochemical products, introduced SYMPARE Methyl Ester Sulfonates (MES) tailored for the personal care sector. The new surfactant boasts a notably high natural origin index and qualifies as a derived natural ingredient by ISO 16128 standards. It is an environmentally sustainable option compared to conventional petroleum-derived surfactants commonly utilized in cleansing product formulations. Additionally, SYMPARE is in the CleanGredients database, aligning with the EPA's Safer Choice Standard and positioned as an alternative solution for reformulating ultra-low-impurity products.
The methyl ester sulfonate market covered in this report is segmented -
1) By Type: Sodium Methyl Ester Sulfonate, Calcium Methyl Ester Sulfonate, Other Types
2) By Form: Liquid, Powder, Flakes
3) By Application: Detergents, Personal Care, Dish Wash, Industrial And Institutional Cleaners, Laundry, Textile Industry, Other Applications
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Major companies operating in the methyl ester sulfonate market are BASF SE, Wilmar International Ltd., The Dow Chemical Company, Thermo Fisher Scientific Inc., Henkel AG & Co. KGaA, Evonik Industries AG, Solvay S.A., Kao Corporation, Musim Mas Holdings Pte Ltd, Wacker Chemie AG, Nouryon, Clariant AG, KLK OLEO Group, Lion Corporation, Stephan Company, Croda International Plc, Godrej Industries Limited, Vantage Specialty Chemicals Inc., Emery Oleochemicals, Fenchem Inc., Oleon NV, P&G Chemicals, Chemithon Corporation, Berg+Schmidt GmbH & Co. KG, Pilot Chemical Company
Contents of the report:
1. Executive Summary
2. Methyl Ester Sulfonate Market Report Structure
3. Methyl Ester Sulfonate Market Trends And Strategies
4. Methyl Ester Sulfonate Market - Macro Economic Scenario
5. Methyl Ester Sulfonate Market Size And Growth
…..
27. Methyl Ester Sulfonate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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