Global Sulphonates Market – Industry Trends and Forecast to 2029

Global Sulphonates Market, BY types (Linear Alkylbanzene Sulfonate, Methyl Ester Sulfonate, Petroleum Sulphonates, Fatty Methyl Ester Sulphonates, Alpha olefins Sulfonates, Calcium sulphonates and others), Form (Liquid, powder and flakes), Application ((Liquid, powder and flakes) – Industry Trends and Forecast to 2029

Market Analysis and Size

Sulphonates are generally used for water solubility to protein crosslinkers for example N-hydroxysulfosuccinimide (Sulfo-NHS), BS3, Sulfo-SMCC and others. One of the sulphonates, Linear alkyl benzene sulfonate, is mainly used in the manufacture of laundry powder, cleaning liquid, dishwashing liquid, other household cleaners, and other industrial applications.

Data Bridge Market Research analyses that the sulphonates market was valued at USD 932.40 mllion in 2021 and is expected to reach USD 1237.32 mllion by 2029, registering a CAGR of 3.60 during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Market Definition

Sulphonate is an ester or salt of sulfonic acid. Sulphonate contains the functional group R-SO−
where R is an organic group. Sulfonates are the conjugate base of sulfonic acids. Sulfonates are normally stable in water. They are non-oxidizing, and colourless compound. With the help of sulphonates form many useful compounds and even some compounds contain biochemicals feature.

Report Scope and Market Segmentation

Sulphonates Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Shifting toward the consumption of natural-based cosmetic and personal care products

The increasing per capita disposable income and expenditure in overall globe are the significant factors likely to increase the demand for laundry products and personal care products.

• Rise in demand of bio-based raw materials

This customer market growth in developing regions is expected to in turn which helps to drive the development of raw material markets, for example the methyl ester sulfonate market.

• Rise in demand for powder detergents and dishwashing 

One of the compounds of Sulphonates is methyl ester sulphonates used in detergent. They are green surfactants used in eco-friendly washing detergents as they are produced from renewable plant resources. This factor drive the market of methyl ester sulfonate market globally.

Opportunities

• Increasing consumption of products in different end-user industries

Rising consumption of sulfonate such as grease formulation through calcium sulfonate, has better potential in oxidation and corrosion, mechanical stability, high load carrying ability, better dropping point and better resistance against water. These are also the aspects that increase the growth of end-user industries. For example, food processing, steel, marine, and automotive provide plentiful growth opportunities for manufacturers.

• Rise in product innovations and emerging new markets

The increasing number of product innovations will boost new market opportunities for the market's growth rate. Various product advancements targeted at improving design and manufacturing processes also aid market expansion. Manufacturers are working on more efficient, reliable, and convenient goods.

Furthermore, the increase in strategic collaborations and emerging new markets would function as market drivers, enhancing the industry's growth rate.

Restraints/ Challenges

High price sustained during the formulation of sulfonate greases to reach necessary properties across the regions and countries is expected to reduce the growth of the sulfonate market to some range since the chemical ingredients manufacturers or suppliers have to deliver precise data and evidence regarding production and processing.

This sulphonates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sulphonates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Sulphonates Market

COVID-19 can affect the global economy mainly in three main ways, first is by directly affecting production and demand, by forming supply chain and market disruption, and last is by its financial impact on firms and financial markets. Our analysts observe the global situation and explain that the market will generate remunerative prospects for manufacturers after the COVID-19 crisis. The report aims to illustrate the modern scenario, economic slowdown, and COVID-19 impact on the overall industry.

Global Sulphonates Market Scope

The sulphonates market is segmented on the basis of type, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Linear Alkylbanzene Sulfonate
• Methyl Ester Sulfonate
• Petroleum Sulphonates
• Fatty Methyl Ester Sulphonates
• Alpha olefins Sulfonates
• Calcium sulphonates and others

 Form

• Liquid
• powder
• flakes

Application

• Fertilizers
• Industrial

Sulphonates Market Regional Analysis/Insights

The sulphonatess market is analysed and market size insights and trends are provided by country, type, form and application as referenced above.

The countries covered in the sulphonates market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the sulphonates market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing demand for sulphonates in this region. The Asia-Pacific region dominates the sulphonates market, with China leading the way in terms of disposable income and expenditure sulphonates. Due of the ease of disposable income and expenditure sulphonates, China is leading the Asia-Pacific market.

During the projected period, North America is expected to be the fastest developing region due to the rising demand of re-usable sulphonates in retail sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Sulphonates Market Share Analysis

The sulphonates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sulphonates market.

Some of the major players operating in the sulphonates market are:

• Guangzhou Keylink Chemical Co., Ltd. (China)
• KLK OLEO (Malaysia)
• Lion Corporation (Japan)
• Sinopec Jinling Petrochemical Co., Ltd (China)
• Stepan Company (US)
• Chemithon Corporation (US)
• Wilmar International Ltd. (Singapore)
• K2 Industrial services Inc (US)
• The Lubrizol Corporation (US)
• Cosmique Pvt. Ltd. (India)
• Lanxess (US)
• Daubert Chemical Company (Italy)
• Royal Mfg Co (US)
• Amtecol (US)
• Exxon Mobil Corporation (US)