Improving lifestyle along with increasing spending capacity of consumers on health and hygiene is likely to drive secondary alkane sulfonate market outlook. The product mainly finds usage in detergent manufacturing owing to superior cleansing and foaming characteristics. In the recent years, demand for household products has been escalating, particularly due to changing lifestyles and growing awareness pertaining to personal hygiene.
The global household detergents industry is poised to experience growth of more than 6% over the coming years. SAS does not only find application in detergent manufacturing but in various industrial applications including textile, paper &pulp, laundry services, and many others. Secondary alkane sulfonate market size is forecast to surpass USD 1.3 billion by 2024 worldwide.
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Cleanliness is an essential parameter which is strictly abided by in the food & beverage sector. Escalating demand for dish washing liquids from food and beverage industry will favor SAS consumption over the coming years. The food & beverage business segment accounted for over USD 8 trillion in 2005 and it surpassed USD 15 trillion by 2016, registering a growth rate of 8% during the timeframe. This expansion is likely to complement global SAS industry growth.
Moreover, FDA regulations towards ensuring cleanliness in food and beverage processing along with expansion of various food chains including McDonald's, Burger King, KFC, across emerging economies will fuel product adoption. When human skin meets high concentration SAS, it causes severe irritation and accidental consumption of its residue remains from plates and crockery may lead to indigestion. The secondary alkane sulfonate products may experience a setback on account of potential harmful impacts on exposure to human and environment.
Industrial waste is generally let out in water bodies and SAS has some toxic content to harm marine flora, fauna and other water bodies. These factors may hinder industry growth. Household detergents and cleaners dominated the secondary alkane sulfonate industry share in 2016, accounting for around 40% of the global volume. Increased manufacturing of hygiene and cleanliness products will contribute towards increased availability of household detergents and cleaners across the globe.
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Rapid industrialization across the emerging economies will also result in considerable demand for detergents for removing grease and oil stains. As per estimates, industrial cleaners application segment is poised to grow at 4% over the analysis period. Expanding population base in China and India, escalating food & beverage business, rapid industrialization, urbanization are the prime factors propelling APAC secondary alkane sulfonate market size.
Secondary alkaline sulfonate is used in cosmetic products such as shampoos, shaving creams and bathing bars due to moisturizing and emulsifying attributes of the product. Escalating demand for personal care products in the region will further stimulate business growth through 2024.
Key participants in the SAS industry are Clariant Corporation, BIG SUN Chemical Corporation, the WeylChem Group, Rajvin Chemicals, Acar Chemicals and Lanxess AG, among others.
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