Methyl Ester Sulfonate Market Future Demand Analysis With Forecast
Persistence Market Research, in its latest report titled “Methyl Ester Sulfonate Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026”, provides decisive information on the global methyl ester sulfonate market and offers extensive information through structured market research. The report evaluates the methyl ester sulfonate market and estimates the upcoming market scenario on the basis of form, application and region.
As per the insights presented in the report, the powder form of methyl ester sulfonates is estimated to account for relatively high consumption (>50%) throughout the forecast period. The global methyl ester sulfonate market was pegged at US$ 807.3 Mn, in terms of value, at the end of 2017 and is expected to reach US$ 2,199.6 Mn by the end of 2026, with a significant CAGR of 11.8%.
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Increasing Demand for Bio-based Raw Materials Owing to Growing Environmental Concerns to Drive Demand for Methyl Ester Sulfonates
Rising environmental concerns and increasing number of regulations have been surging the demand for bio-based raw materials from end-use industries for a variety of applications, such as laundry, personal care and cosmetics, among others.
The growing demand for bio-biased raw materials is expected to boost the demand for methyl ester sulfonates, owing to their renewable nature and easy availability. Substantial characteristics such as high detergency in hard water conditions, readily biodegradable nature and low toxicity give methyl ester sulfonates an advantage over their traditional rival surfactant, linear alkylbenzene.
Population growth and rapidly increasing urbanization in emerging economies are expected to positively impact the methyl ester sulfonate market. The rising spending capacity of the middle class population towards laundry care and personal care products such as soap, shampoo and detergent, owing to the changing lifestyle and increasing awareness regarding personal hygiene are expected to boost the growth of the methyl ester sulfonate market.
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Also, the changing trend of using public laundries is expected to create substantial opportunities for bio-detergents, which is expected to positively impact the methyl ester sulfonate market. The increasing consumption of dish wash from household and commercial kitchen cleaning activities is another key factor contributing to the growth of the methyl ester sulfonate market.
Manufacturers of methyl ester sulfonate have been facing problems, such as application technique and manufacturing control ability, which hinder the production of methyl ester sulfonate. Also, methyl ester sulfonate exhibits instability during different chemical conditions. This, coupled with low product awareness among consumers, has been restraining the growth of the methyl ester sulfonate market to an extent.
Powder Form of Methyl Ester Sulfonates to Witness Strong Demand Owing to Superior Chemical and Physical Properties
Methyl ester sulfonates are available in the form of powder, liquid and flakes in the commercial market around the world. Attributing to its unstable nature in certain chemical and physical...
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