Methyl Ester Sulfonate Market Current Situation And Growth Forecast to 2026

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

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 conditions, the liquid form of methyl ester sulfonates has been witnessing low demand. On the other hand, the flakes form of methyl ester sulfonates is expected to witness a rise in demand, due to its relatively low price range as compared to the other forms. The powder form of methyl ester sulfonates is expected to hold the prominent share, owing to increasing demand from the detergent industry.

APEJ to Witness Lucrative Growth Owing to Increasing Demand for Powder Detergents and Easy Availability of Raw Materials

Asia Pacific Excluding Japan (APEJ) is a prominent region for the cultivation of palm oil, which is an important raw material for the synthesis of methyl ester sulfonate. Further, there is an increasing demand for bio-detergents in countries such as China and India, and thus, the APEJ region is estimated to be a prominent market for methyl ester sulfonates. In matured economies such as North America and Europe, the demand for methyl ester sulfonates is expected to slow down slightly, owing to the shifting trend towards the use of liquid detergents.

Despite this slowdown, North America and Europe are estimated to be promising markets for methyl ester sulfonates, owing to the surging demand for bio-detergents in these regions. The increasing penetration of washing machines in developing countries, growing urban population and increasing spending capacity on laundry and personal care products due to the rising awareness regarding personal hygiene are some of the factors that make LAMEA a potential market for methyl ester sulfonates.

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Company Profiles

  • Chemithon Corporation
  • KPL International Limited
  • Henan Surface Chemical Industry Co Ltd
  • Wilmar International Ltd.
  • Stepan Company
  • Lion Corporation
  • K2 Industries
  • Guangzhou Keylink Chemical Co., Ltd.
  • Sinopec Jinling Petrochemical Co., Ltd.

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