Asia Pacific Sulfosuccinate Market is set achieve lucrative growth during the forecast period. The growth can be attributed to the increasing disposable income of the consumers and the expanding pharmaceutical and personal care industries. India and China will contribute majorly towards the APAC industry growth.
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Europe led the global landscape and is expected to strongly influence sulfosuccinate industry growth over the coming seven years, owing to the heavy manufacturing of cosmetics and personal care products across this region. UK and France are estimated to be the major revenue pockets.
North America sulfosuccinate market size worth more than USD 55 million in 2015, is forecast to grow considerably over the years to come, primarily driven by increasing investment in the pharmaceutical sector and rise in the number of shale gas exploration activities carried out across the region. U.S. will be the major regional revenue contributor.
Pertaining to the ever-growing global population and their subsequent needs, Sulfosuccinate Market will observe a lucrative growth over the next few years. Sulfosuccinate is the main content of the various personal care and cosmetics products such as cleansers, bubble bath, and baby shampoos. Changing consumer preferences toward a luxurious lifestyle and sophisticated appearance will influence sulfosuccinate industry size noticeably. Additionally, the growing consumer requirements will also generate considerable opportunities for industry giants to manufacture better products, thereby fueling the market trends.
The rapid industrialization and growth in the infrastructural development across the globe will be the prominent factor to boost sulfosuccinate market. In addition, the product will witness heavy demand pertaining to its usage across restaurants, offices, food processing plants, and metal working industries for cleaning purposes. Speaking of cleaning, sulfosuccinate market from industrial cleaners collected a revenue of USD 30 million in 2015 and will exhibit a significant growth rate over the years ahead. The implementation of stringent rules and regulations regarding environmental and industrial safety will impel sulfosuccinate industry growth. In addition, the growing awareness among the public regarding the importance of personal hygiene and health will also boost the market trends.
As per research studies, global skin care market is predicted to collect a revenue of more than USD 150 million by 2024, subject to which global sulfosuccinate market will experience heavy growth. Also, the per capita income of the population in the BRIC nations is increasing noticeably, resulting in high product usage.
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The sulfosuccinate market is highly competitive with industry giants having a strong presence in the business space. Mergers & acquisitions, strategic partnerships, and regional & capacity expansion will be the major growth strategies of the players over the years to come. Key market participants include Stepan Company, Huntsman Corporation, MFG Chemical, Inc., and The Dow Chemical Company.
Glimpse of Table of Content (ToC)
Chapter 4. Sulfosuccinate Industry Application Insights
4.1. Global sulfosuccinate market share by application, 2015 & 2024
4.2. Dish washing liquid
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Household detergents & cleaners
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Industrial cleaners
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Personal care products
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6.1. Market estimates and forecast, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7.1. Market estimates and forecast, 2013 – 2024
4.7.2. Market estimates and forecast, by region, 2013 – 2024
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