A new study by Grand View Research, Inc. predicts substantial growth in the fatty methyl ester sulfonate market from 2015 to 2022. This may be attributed to growing usage in manufacturing products. Some of these products are slurry, soap, house detergents, washing powder, liquid detergents, etc.
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Brazil, India, Thailand, China, Saudi Arabia, and the U.A.E. are witnessing huge demand for fatty methyl ester sulfonate in the sectors of personal care and detergents. This is chiefly due to increasing urbanization and incomes. Growing usage of compact powder, liquid dish wash, bars and creams, hand wash, and shampoo will also fuel the fatty methyl ester sulfonate market in the next seven years.
Fatty methyl ester sulfonate has high purity, is safe for the skin, remains stable in hard water, and has low di-salt content. It is also biodegradable and energy efficient. Moreover, it is more economical as compared to linear alkyl benzene sulfonate (commonly used by detergent manufacturers). This would prove beneficial for the market.
Availability of cheap raw materials, low toxicity, and low manufacturing costs are attracting market players towards this product. Leading manufacturers are hugely investing in the production of fatty methyl ester sulfonate in Brazil, Malaysia, Africa, Singapore, Thailand, and China. They are attempting to develop technologically advanced and environment-friendly products.
Household detergents, with about 41% share in the total volumes, were the leading application in 2014. Personal care was the second-largest application that year. It is projected to grow at the fastest rate in the forthcoming years.
Europe dominated the fatty methyl ester sulfonate market in 2014. It accounted for more than 39% of the total volumes that year. Asia Pacific is an important market. Growth in consumer industries like oilfield chemicals, personal care, pharmaceuticals, and soaps/detergents in China and India will drive this region. A strong textile industry, coupled with economic development, will also have a favorable regional impact.
North America will experience considerable growth owing to several manufacturers in the region. The rising personal care and textile industries in the U.S. and Canada will create regional demand. Higher living standards, escalating disposable incomes, and consumption of personal care products will contribute revenues to Latin America and the Middle East and Africa.
Key participants of the fatty methyl ester sulfonate market include Jinchang Chemical, Huish Detergent, PEMEX Chemicals, Wilmar International, and Zhejiang Zanyu Technology Co. Ltd.
Information Source: Radiants Insights