High Demand for Personal Care Products and Cleaning Agents Projected to Drive the Sulfosuccinate Market
The global sulfosuccinate market was valued USD 336.5 million in 2021 and is expected to exhibit a CAGR of 5.0% over the forecast period from 2021 to 2030, as per a market study by Quince Market Insight. Sulfosuccinate is a moderate co-surfactant that is extremely compatible with a variety of different surfactants, including anionic, non-anionic, and amphoteric surfactants. The chemical is widely utilized in the manufacture of items for sensitive skin, including infant products. In comparison to other anionic surfactants, it produces less irritation to the user's eyes and skin. Sulfosuccinate is used as a secondary emulsifier and has strong foaming and cleaning properties. These appealing features of sulfosuccinate help to drive up demand for the product in the rapidly growing personal care and cosmetics market. As the personal care business expands in the next years, the market for sulfosuccinate is likely to grow significantly. The excipient is used as a lubricant in the manufacturing of tablets and as an emulsifier in syrups. Increased demand for pharmaceuticals is a result of rising health-related challenges throughout the world.
The worldwide household detergents market was more than 30 kilo tons, and it is expected to exceed 60 kilo tons in the projected year. An anionic surfactant, the substance is widely used in detergents. It's also utilized as a dispersion and a solubilizer. The product's principal purpose as a detergent is to remove dirt from clothes and suspend it in the wash water. It's also used to make dry cleaning cleaners, glass and floor cleaners, and carpet shampoos. In addition, they're employed in the leather and fur. The expanding health and wellness industry will enhance specialized detergents and cleaning agent sales, which will expand the sulfosuccinate market share in the near future. Alcohol ether sulphate (AES) made from plants can be used instead of petroleum-based AES. These bio-based surfactants have similar desired qualities as petroleum-based surfactants in personal care products and detergents. As a result, these surfactants are widely employed in the personal care and detergent sectors as product alternatives. This might limit the total size of the sulfosuccinate market throughout the projected period. Sulfosuccinates also confront legal, environmental, and consumer pressures in the areas of manufacturing, packaging, transportation, usage, and disposal, all of which inhibit industry expansion.
Demand In Personal Care Applications
Sulfosuccinates are sodium salts of the sulfosuccinic acid alkyl ester. In the cosmetic business, sulfosuccinic acid surfactants are widely utilized to increase the mildness of personal care products. The foaming, wetting, emulsifying, and solubilizing qualities of the product are exceptional. They also have a high biodegradability, high surface activity, and a low critical micelle concentration. They're utilized in industrial cleaners, home cleansers & detergents, textiles, pharmaceuticals, polymers, paints & coatings, leather, printing, and agriculture, among other things. Demand will be boosted by rising acceptance of specialty detergents and cleaning agents, as well as rising demand for personal care products.
Competitive Scenario and Industry Trends
Some of the industry's major participants were Dow Chemical Company (U.S.), MFG Chemicals (U.S.), Huntsman Corporation (U.S.), and Stepan Company (U.S.). The existence of established firms who have integrated their presence across several stages of the industrial ecosystem increased competition intensity. The presence of prominent players is aided by a high degree of integration. Mergers and acquisitions, price increases, and capacity growth are just a few of the techniques used in the sector.