Secondary Alkane Sulfonate Market worth over USD 1.3 billion by 2024

According to a new research report by Global Market Insights Inc., the Secondary Alkane Sulfonate Market size is poised to exceed USD 1.3 billion by 2024 driven by the robust detergent demand industrial applications due to product usage in detergents manufacturing owing to its superior foaming and cleansing characteristics.
 

Additionally, increasing household demand in the recent years, particularly due to improved consumer lifestyle dynamics and awareness towards personal hygiene will complement business growth by 2024. For instance, the global household detergents market shall experience growth over 6% during the forecast timeframe.
 

Cleanliness is an essential parameter adhered in the food & beverage industry. Thus, strong growth indicators in the food and beverage business will stimulate dish washing liquids demand, which will subsequently boost the global secondary alkane sulfonate market share in the coming years. In addition, favoring FDA regulations towards ensuring cleanliness food & beverage processing along with opening up of numerous food outlets such as Burger King, McDonald's, KFC, etc. in Asia Pacific will boost industry growth.
 

The secondary alkane sulfonate market share is negatively influenced by prevalence of strict government norms due to potential product threat on exposure to human as well as the environment. For example, direct product (high concentration) contact with the human skin may cause irritation and its consumption via residue remains from plates and crookery may lead to indigestion. Furthermore, associated toxicity with SAS makes is vulnerable for marine flora & fauna on its disposal into water bodies.
 

Browse key industry insights spread across 100 pages with 88 market data tables & 11 figures & charts from the report, “Secondary Alkane Sulfonate (SAS) Market By Application (Dish Washing Liquids, Household Detergents & Cleaners, Industrial Cleaners, Personal Care Products), Industry Analysis Report, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/secondary-alkane-sulfonate-SAS-market
 

In 2016, household detergents & cleaners led the global secondary alkane sulfonate market by accounting approximately 40% of the global volume. Growing population along with increasing consumer awareness towards health & hygiene are the factor contributing business growth across the globe.
 

Industrial cleaners will witness gains more than 4% CAGR over the forecast period. Rapid industrialization across the globe along with considerable detergents demand for removing grease and oil stains will boost the global secondary alkane sulfonate market growth by 2024.
 

Asia Pacific region, mainly led by China and India, captured more than 40% of the total business share in the same year. Growing Population in China and India, rapid industrialization & urbanization, escalating food & beverage business and growing consumer awareness towards cleanliness are the prime factors propelling Asia Pacific secondary alkane sulfonate market in the recent years. Furthermore, expanding personal care product customer base in the region will stimulate business growth 2024, as the product is used in cosmetic products such as bar soaps, shampoos and shaving cream due to its foaming, moisturizing and emulsifying traits. However, North America will experience moderate gains close to 3.5% CAGR through 2024.
 

In 2015, secondary alkane sulfonate size was competitive. Key companies participating in the business are BIG SUN Chemical Corporation, Clariant Corporation, The WeylChem Group, Lanxess AG, Rajvin Chemicals, and Acar Chemicals.